The MassDevice Weekly Roundup brings you the latest medical device news and information.
Outgoing Boston Scientific CEO Jim Tobin gets a $5 million parting gift
Natick devices leviathan head’s controversial 10-year run ends with his retirement and a hefty severance package worth up to roughly $5 million; BSC taps former Zimmer top dog Ray Elliott as replacement. Read More
Abiomed announces first commercial AbioCor artificial heart implantation
A 76-year-old man is the first patient implanted with the Danvers cardiac device maker’s artificial heart since it won FDA approval in 2006. Read More
FDA urged to up transparency, but AdvaMed says “not so fast”
Physicians, consumers and scientists urge the agency to open up its books, even as the Advanced Medical Technology Assn. pushes for confidentiality. Read More
The Massachusetts gifts ban goes into effect July 1. That means life science companies doing business in the Commonwealth, including medical device makers, must comply with its stringent regulations governing any gifts or payments to physicians. Click here for our guide to complying with these stringent new regulations. Read More
MassDevice Q&A: Kevin Outterson
The Boston University law professor and pharmaceutical industry monitor on the origins of the Massachusetts gift ban and how medical device makers came to fall under its rules. Read More
MassDevice blog: Healthcare reform: It’s the efficiencies, stupid
Firing unnecessary mid-level managers, Harvard econ prof David Cutler says, would make most health systems 25 percent more efficient and 10 percent cheaper. Read More
Healthcare blog: Kennedy pulls for Dodd, who pulls for healthcare
Every week, veteran healthcare reporter Tinker Ready rounds up the latest news for MassDevice. This week, she takes a look at Ted Kennedy passing the healthcare baton to Chris Dodd, overworked residents at Mass. General and a report on the health of Boston. Read More
MassDevice blog: Device makers and their 401(k)s
If you find yourself averting your eyes from your 401(k) statement, you’re not alone. Unless you work for Boston Scientific. Read More
Weekly Wireless Roundup: Regulatory breakdown
Mintz Levin explains the regulatory landscape; Apple lands patent for wireless remote monitoring; Lifecomm to offer glucometer phone; and Continua has had enough pilots: “Time for deployments.” Read More
Our weekly checkup takes the temperature of the more than 60 public medical device companies in the MassDevice Index. In addition to the index itself, which tracks 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. The checkup also takes a look at a different financial metric each week, ranking local players based on their performance in that category. Last week we looked at companies with high selling, general and administrative-to-revenue ratios; this week we look at companies on the low end of that spectrum. Read More
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