Strapped for cash, Lombard Medical defaults on loan

From Medical Design & Outsourcing

• Monteris Medical raises nearly $11M
  Monteris Medical (Plymouth, Minn.) has brought in nearly $11 million from its latest investment round as it expands sales and marketing of its NeuroBlate robot-assisted brain surgery device, according to a new Form D filed with the U.S. Securities and Exchange Commission. Monteris had sought roughly $17 million in total from the money-raise. The company has overcome challenges… […]
• Abbott misses Wall Street expectations on Q4 sales
  Abbott (NYSE:ABT) stock is down about 2% today after its fourth-quarter sales failed to meet analyst expectations. The Abbott Park, Ill.–based maker of medical device, pharmaceutical, nutrition and diagnostics products brought in about $7.765 billion in revenue in the quarter ended Dec. 31, 2018. The sales were up 2.3% from $7.589 billion earned during the same… […]
• Orchid Orthopedic Solutions acquired by European private equity outfit
  Nordic Capital has acquired a majority stake in Orchid Orthopedic Solutions (Holt, Mich.), a major design and manufacturing outsourcer in the orthopedic medical device space. Financial terms of the deal – announced Jan. 21 – were not disclosed. While the Nordic Capital Fund IX is buying a majority stake in Orchid, previous owner Altor Fund III will keep… […]
• Webinar: How to select a remote monitoring solution to transform your service model
  Thursday, Feb. 28, 2019 2 p.m. Eastern time / 11 a.m. Pacific time     In the IoT era, service transformation is the new frontier of innovation. Remote monitoring software is key to transitioning from a reactive to a predictive service model. When it comes to choosing the best remote monitoring software, life science manufacturers… […]
• Stackpole Electronics touts thin film chip resistors
  Stackpole Electronics is touting its RNCF thin film chip resistor series. The resistors come in sizes of 0201 up to 2512 with tolerances of 0.01%. The RNCF resistors offer TCR down to 2 ppm. The company also says that the resistors meet industry standard tests like load life and short time overload. The size, resistance… […]
• Olympus announces Spiration bronchial valve launch
  Olympus’  Spiration bronchial valve for the treatment of severe emphysema is now available on the market, the company  (TYO:7733) said today. The announcement came a little over a year after FDA approval of Spiration, which was designated as a breakthrough medical device. Spiration also has regulatory approval in the E.U., Australia and New Zealand. Olympus officials are… […]
• TDK Corporation launches Lambda external AC-DC power supplies
  TDK Corporation has launched its TDK-Lambda DTM250-D external AC-DC power supplies. The new power supplies meets standards for DoE Level VI and EU Tier 2 v5 for average efficiency and off-load power. It is also certified to medical IEC 60601-1 and industrial IEC 60950-1 standards. AC power is applied through a standard IEC 60320-C14 (3-prong)… […]
• Accu-Tube launches rebrand for 45 year anniversary
  Accu-Tube announced that it has updated its branding with a new logo, colors and website during the company’s 45 year anniversary celebration. The new branding comes with improvements to the company that will go toward helping Accu-Tube grow and expand. “We are very proud of our reconfiguration across all spaces,” Kevin McGrath, CEO of Accu-Tube,… […]
• Spectrum Plastics adds overmolding at Utah plant
  Spectrum Plastics Group said today that it has begun to offer value-added overmolding at its Apollo Medical operation in Sandy, Utah. The Alpharetta, Ga.-based company added four new injection molding machines ranging from 11 to 55 tons, at Apollo. The machines are suitable for injection molding of highly precise products, including dilator and sheath sets, allowing Spectrum to… […]
• 11 innovative medical devices you need to know from 2018
  Call it digital health or mHealth or simply what it is — innovation. Last year we saw a lot of innovative wireless devices for diagnostics and treatment as research and development flourished. Many researchers have taken up the challenge of developing devices that are portable, small and convenient with ease-of-use that could revolutionize point-of-care diagnostics… […]
• Study of VentureMed’s Flex catheter begins in Switzerland
  Vascular-focused device developer VentureMed said yesterday that it has launched another study of its Flex dynamic scoring catheter, this one to measure how open patients’ blood vessels remain 12 months after treatment. The prospective, single arm, non-randomized study in Switzerland will enroll up to 150 patients whose superficial femoral and popliteal arteries were scored by the Flex system… […]