Say hello to MassDevice +7, a bite-sized view of the top seven med-tech stories of the week. This latest feature of MassDevice.com’s coverage highlights our seven biggest and most influential stories from the week’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
If you read nothing else this weekend, make sure you’re still in the know with MassDevice +7.
7. Layoffs: Medical device companies cut 2,000 jobs in 2 months
Cost-cutting moves by medical device companies have resulted in the loss of more than 2,000 jobs over the past 2 months.
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6. Paulsen presses IRS on medical device tax regulations
Rep. Erik Paulsen (R-Minn.) presses the IRS on the final rules for implementing the medical device tax, a 2.3% levy on U.S. revenues set to begin Jan. 1, 2013.
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5. Analyst: St. Jude Medical might have an edge on Volcano in patent spat
As the contentious patent battle between St. Jude Medical and Volcano Corp. over fractional flow reserve technology enters the critical claim construction phase, an analyst gives St. Jude a slight edge but says Volcano’s downside is manageable.
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4. User fee deal on the rocks?
The $610 million deal between medical device companies and the FDA over the user fees paid for product reviews could be in danger as Congress bickers over the federal budget.
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3. DePuy execs to testify in hip implant recall trials
Eight executives from Johnson & Johnson’s DePuy Orthopaedics division are slated to testify in the personal injury lawsuits filed over its recalled DePuy ASR metal-on-metal hip implant.
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2. For Boston Scientific, the growth cup is half full
For executives at medical device company Boston Scientific, growing the non-stent and non-CRM business has become a priority – and a sorely needed bright spot.
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1. Medtronic CFO: Size matters
Gary Ellis, CFO of Medtronic, tells investors that the medical device company’s size and scale give it an edge in overcoming changes in the healthcare environment.
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