Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This latest feature of MassDevice.com’s coverage highlights our three biggest and most influential stories from the day’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 today, make sure you’re still in the know with MassDevice +3.
3. IRS slaps Boston Scientific with $154 million tax bill
The U.S. Internal Revenue Service hit Boston Scientific Corp. (NYSE:BSX) with a $154 million tax bill after taking a look at the medical device maker’s books for 2006 and 2007.
2. Stryker readies $750M notes offering
Stryker Corp. (NYSE:SYK) is readying a $750 million debt offering of five-year senior notes, little more than a week after inking a $135 million deal to acquire Concentric Medical Inc.
1. Analysts: Medtronic’s pain pump recall won’t hurt the bottom line
Medtronic Inc.’s (NYSE:MDT) Class I recall of its SynchroMed II implantable drug infusion pump won’t mean a big hit to the med-tech giant’s bottom line, according to Morningstar analysts.