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The MassDevice Weekly Roundup brings you the latest medical device news and information.
MassDevice launches Knowledge Library
MassDevice, the online business journal of the medical device industry, builds an unmatched resource of industry knowledge and expertise for medical device professionals, service partners and investors.
News
Stryker Corp. preps $1 billion debt offering
Charles River Labs to lay off nearly 300 workers in Shrewsbury
Supremes rebuff Boston Scientific appeal
FDA launches public transparency initiative
Misonix extends reach in South America
Bruker taps new optics division president
Stryker’s Q4 sales rise 7 percent
Molecular Biometrics pulls in $12.5 million Series B round
Quest Diagnostics launches blood test for colorectal cancer
CardiAQ Valve drums up $6.5 million in Series A round
Pressure BioSciences picks up five new U.S., international patents
Virtify closes $15 million venture round
Parexel International boosts Q2 earnings forecast
Inverness sues Church & Dwight over pregnancy test patent
Athenahealth taps Timothy Adams as CFO
The MassDevice Checkup
Our weekly checkup takes the temperature of the public medical device companies in the three largest markets in the U.S.: Massachusetts, Minnesota and California. In addition to the indices for each state, which track the overall movement of the sector, we compare Monday morning’s opening share prices with their value when the markets close Friday afternoon and calculate the biggest gainers and losers. Read More
More News
NeuroMetrix shareholders appeal
Bruker Corp. unit begins field tests of chemical monitor
HPHC snags $72 million FDA grant for safety monitoring pilot program
Caliper licenses microfluidics line to Becton, Dickinson, settles HandyLab litigation
Echo Therapeutics readies Prelude SkinPrep for clinical trials
Inverness bids for majority stake in Standard Diagnostics
Viking Medical gets $5 million equity line from Dutchess
Zargis wins Canadian clearance for its Cardioscan stethoscope software
Stryker, Hospital Systems Corp. settle medical image archiving patent spat
Abbott’s Xience V stent wins Japanese clearance
Salient Surgical Tech banks $15 million from new venture round
Predictive Biosciences buys OncoDiagnostic Laboratory
Medtronic drops $15 million on GI Dynamics
Bruker brings in a $70 million boon from stimulus plans
MassDevice, MedCity News ink content-sharing deal
MassDevice.com and MedCity News agree to a content-sharing deal aimed at expanding their respective coverage areas.
Medtronic CEO Bill Hawkins is bullish going into 2010
Shhhh…Do you hear that? It sounds like a heart attack
Vatrix Medical is on the prowl
Invacare suspends benefits in opposition (or scare tactic) to medical device tax
Minnesota device firm ev3 recalls catheters, admits to some “adverse events”
More News
AdvanSource Biomaterials goes west
Federal appeals court affirms Tyco Healthcare antitrust win
Philips warns on fetal monitors at FDA’s behest
MicroCHIPS drums up another $16.5 million and a new investor
Zimmer brings in new global business president
Abiomed’s preliminary Q3 revenues jump 32 percent
C.R. Bard finds insurer willing to cover future hernia claims
Analyst: Hip and knee replacement markets “stable to improving”
Interleukin Genetics plans $75 million offering
GHTF seeks public comment on global medical device registry
MassMEDIC, UK medical device trade group ink promotional deal
Jobs
Featured Job: Sales/Business Development (Leominster, MA.)
ALBRIGHT TECHNOLOGIES, INC., leader in silicone science and related technology development, is seeking a SALES SUPERSTAR to lead its Business Development efforts. Albright Technologies provides leading edge Product Development Solutions for medical, optical, and micro-components.
Only SUPERSTARS need apply and a minimum of 5 years experience with proven track record of success developing and closing sales to leading health care medical device and technology companies is a must. Read More
Product Manager (Burlington, Mass.)
Keystone Dental is looking for a dental implants product manager for a newly created position. The position entails taking products from concept to market, providing insights and analyses that drive growth and value. In addition, candidates will interface with the sales force, management and clinicians and be responsible for product market research activities, including demand and revenue forcasting and budgeting. Read More
More News
T2 Biosystems taps Ken Toso as product development VP
WPI lands $1.6 million in federal cash to develop neuroprosthetics
Palomar reopens infringement lawsuit against Candela and Syneron
PerkinElmer inks service pact with VWR International LLC
Insulet inks 5-year, $100 million, 11-nation OmniPod distribution deal
Syneron closes $65 million Candela merger
CeQur closes $30 million Series A round with $10 million injection
Inverness to pay up to $255 million for Canadian diagnostics firm Epocal
Boston Scientific enrolls 630th patient in brain aneurysm coiling trial
Decision Biomarkers files for Chapter 7
Spectranetics to pay $5 million to duck federal prosecution
Features
Researchers take on the FDA
Researchers Sanket Dhruva and Rita Redberg on the hornet’s nest they stirred up with their study of the Food & Drug Administration’s approval process for high-risk cardiovascular devices. Read More
MassDevice Q&A: Covidien medical devices president José Almeida
Covidien’s medical devices division president on reviving the company after its spinout from Tyco Healthcare and how it turned around in a down economy. Read More
Blogs
Executive hiring forecast for 2010
The good news is that medical device executive hiring held up better than other industries last year. The bad news is that it was still awful. Here’s what to expect for 2010. Read More
Startups launch and rumors swirl ahead of CES
The International 2010 Consumer Electronics Show kicks off with a flurry of news; Wellcore unveils fall detection, activity monitor; LifeSync buys Motorola remote monitoring patents; and Mayo Clinic forms mRemedy mobile app start-up. Read More
Video scout mini camera for endoscopy
BC Tech’s tiny video camera for integration into small endoscopic devices; Cook’s Zilver biliary stent compares favorably to Boston Scientific’s Wallstent; Rheos system for hypertension tested in new clinical trial; and Britain’s NHS conducts a large trial of at-home health telemonitoring. Read More
What’s on the minds of medical device executives for 2010?
If you thought 2009 was a rough year for medical device makers, wait until you read what 2010 has in store. Read More
The life sciences were a relative bright spot in 2009 VC fundraising
Life science-focused venture capital funds fared pretty well last year, at least compared with the VC industry as a whole. Read More
Upcoming Events
Featured Events
Jan. 12, Boston — ISPE Boston Area Chapter and MedDev Group present: Career Management Work
“Kick off the New Year with a boost to your career at these dynamic workshops, co-sponsored for the very first time by MDG and the ISPE Boston Area Chapter.”
Jan 13, Boston — Publicity Club of New England presents: Get to Know Boston’s Healthcare Media
“Hear from some of the region’s top medical/healthcare writers on key healthcare topics/trends for 2010 and how to best collaborate with the press on behalf of your organizations’ and clients. As the media landscape continues to evolve, this will be a prime opportunity to ask the burning questions you need answers for to do your job.”
Other events
Jan. 14-16, Boston — 5th Annual Boston Atrial Fibrillation Symposium,Mechanisms and New Directions in Therapy
Jan. 11-14, Houston — AACR-IASLC Joint conference on lung cancer.
Jan. 14-16, West Palm Beach, Fla. — Society for Technology in Anesthesia
Want to list your event on our weekly newsletter? Contact us at editor@massdevice.com.
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