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. U.S. medtech lobbies join forces to blaze trails in China
The Medical Imaging & Technology Alliance and the Advanced Medical Technology Assn. join forces to reduce medical device trade barriers with China.
6. Cutting jobs over device tax is “nonsense,” says medtech CEO
Speech therapy devices maker Glottal Enterprises’ CEO says that using the 2.3% medical device tax to justify layoffs is "nonsense" and little more than a political strategy to attack the Affordable Care Act.
5. Covidien forebear Tyco pays $26M to settle overseas bribery beef
Tyco International, forebear of medical device industry titan Covidien, settles a federal bribery probe for $26 million after investigators find that Tyco Healthcare used illegal payments to influence doctors and public health professionals in Saudi Arabia, China and Poland.
4. Hips: Smith & Nephew issues failure warning on Birmingham metal-on-metal hips
The metal-on-metal hip implant failure controversy finally claims Smith & Nephew, maker of the first MoM hip to hit the market.
3. Euro device makers cry ‘nay’ on FDA-like proposal for medtech review
Medical device makers warn against new guidelines that would establish a central FDA-like body to oversee pre-market medtech review for the European Union.
2. Medtronic to drop $816M on China Kanghui Holdings
Medtronic agrees to pay $816 million to acquire medical device company China Kanghui Holdings.
1. GAO report calls for more oversight of medical device hack-ability, HHS agrees
The U.S. Dept. of Health & Human Services agrees that the FDA needs to revise its approach to medical device safety and security to consider the threat of intentional tampering, according to a newly released report from the Government Accountability Office.
