Panasonic (NYSE:PC) denied rumors of a $630 million investment into scandal-stricken Olympus (PINK:OCPNY), saying that reports from a Japanese newspaper citing a cash injection into Olympus were untrue.
"I don’t know where that information came from, not from us," Panasonic president Fumio Ohtsubo told Reuters.
Japan’s Kyodo News reported earlier this week that Panasonic had invested in Olympus, which is still trying to recover from a high-profile accounting scandal that sheared its stock value, split its board and executive leaders and launched a slew of regulatory investigations.
Ohtsubo dispelled the reports. saying that Panasonic has no plans to invest in Olympus.
GE Healthcare, Microsoft form joint venture for healthcare intelligence
GE (NYSE:GE) and Microsoft (NSDQ:MSFT) completed formation of a previously announced joint venture, entitled Cardigm, which will launch an open technology platform focused on population management to improve the overall economics of health and wellness.
Mail-order med-tech company cuts 104 jobs in Georgia
Mail-order medical devices company CCS Medical will cuts 104 jobs at its Lawrenceville, Ga., facility a sit moves its corporate headquarters to Clearwater, Fla., following its bankruptcy.
- Mindray Medical buys controlling stake in Drangonbio orthopedics division for $35.5M
- CareFusion acquires medical products distributor U.K. Medical Limited
- Sectra acquires healthcare IT firm Burnbank Systems
- Harris Corp. touts $19M Veterans Dept. contract for hospital wireless networks
- ProTip medical closes $4.7M funding round for larynx implants
- Blaze Bioscience lands $5M for "tumor paint"
- British team wins more than $1.5M in government funding for gum disease monitoring device
- Carebook health collaboration app maker CareinSync raises $1.6M
- ArioTech wins $50k Penn. state grant for chronically ill patient monitoring
- 3M Co. (NYSE:MMM): Jeffries raises price target to $108, maintains "buy" rating
- Analogic (NSDQ:ALOG): Needham & Co. lower rating from "buy" to "hold"
- Cooper Cos. (NYSE:COO): J.P. Morgan lowers price target to $92
- Edwards Lifesciences (NYSE:EW): Cannacord Genuity raises price target from $93 to $103, maintains "buy" rating
- Intuitive Surgical (NSDQ:ISRG): Stifel Nicolaus raises price target at $570; William Blair recommends selective purchase of ISRG shares as the robotic surgery outlooks gets stronger
- Medtronic (NYSE:MDT): Credit Suisse upgrades from "neutral" to "outperform" rating, sets $44 price target
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