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Advanced BioHealing Inc.

Ex-Advanced BioHealing exec draws probation in VA fraud case

February 12, 2018 By Brad Perriello

A former Advanced BioHealing executive who admitted to federal charges that he bribed U.S. Veterans Affairs Dept. doctors to use the company’s DermaGraft biologic wound dressing last week drew probation in the case. Federal had prosecutors accused Todd Clawson, who left the company in 2012, of participating in a scheme to bribe VA physicians to use the DermaGraft diabetic […]

Filed Under: Legal News, Regenerative Medicine, Wound Care Tagged With: Advanced BioHealing Inc., Shire Plc.

Shire to pay feds $350m to settle DermaGraft kickbacks case

January 12, 2017 By Sarah Faulkner

The U.S. Justice Dept. said yesterday that Shire (NSDQ:SHPG) and its subsidiaries will cough up $350 million to settle allegations that Shire and the company it acquired in 2011, Advanced BioHealing, gave kickbacks to clinics and physicians in exchange for using its bioengineered human skin substitute, Dermagraft. “This settlement represents the largest False Claims Act recovery by the […]

Filed Under: Diabetes, Legal News, Pharmaceutical, Wall Street Beat Tagged With: Advanced BioHealing Inc., Shire Plc., U.S. Justice Dept. (DOJ)

Former Advanced BioHealing exec Clawson pleads guilty in VA fraud case

March 28, 2016 By Brad Perriello

Former Advanced BioHealing executive Todd Clawson last week pleaded guilty to federal charges that he bribed U.S. Veterans Affairs Dept. doctors to use the company’s DermaGraft biologic wound dressing. Federal prosecutors accused Clawson, who left the company in 2012, of participating in a scheme to bribe VA physicians to use the DermaGraft diabetic foot ulcer treatment with a […]

Filed Under: Legal News, Regenerative Medicine, Wound Care Tagged With: Advanced BioHealing Inc., Organogenesis Inc., Shire Plc., U.S. Veterans Affairs Dept. (VA)

Shire expands regenerative medicine biz with Lotus Tissue Repair acquisition

January 10, 2013 By MassDevice staff Leave a Comment

Shire

Shire (NSDQ:SHPGY) said it aquired Cambridge, Mass.-based Lotus Tissue Repair, which is developing the 1st protein replacement therapy to treat dystrophic epidermolysis bullosa, a rare genetic disease.

The purchase includes an upfront payment and later milestone payments, but specific details were not released.

Filed Under: Mergers & Acquisitions, News Well, Regenerative Medicine Tagged With: Advanced BioHealing Inc., Lotus Tissue Repair, Shire Plc., Tissue Regeneration

Shire bets big on regenerative medicine, eyeing a $1B return | Wall Street Beat

June 18, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Shire (NSDQ:SHPGY) has high hopes for its regenerative medicine units, aiming to forge a $1 billion business within the decade.

Filed Under: Mergers & Acquisitions, News Well, Regenerative Medicine, Wall Street Beat Tagged With: Advanced BioHealing Inc., Deals Roundup, Echo Therapeutics Inc., Hanger Inc., Premier Inc., Shire Plc.

Video: AdvaMed’s Nexon on pricing pressures in healthcare | MassDevice.com On Call

June 15, 2012 By MassDevice staff Leave a Comment

MassDevice On Call

MASSDEVICE ON CALL — Things aren’t going to get any easier in the healthcare industry in the near future regardless of what the Supreme Court rules on the Affordable Care Act, AdvaMed executive vice president David Nexon says in an interview:

Filed Under: Healthcare Reform, News Well Tagged With: AdvaMed, Advanced BioHealing Inc., On Call

Shire adds Pervasive Therapeutics to regenerative portfolio | Wall Street Beat

April 12, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Shire (NSDQ:SHPGY) said it agreed to acquire Pervasis Therapeutics and its endothelial cell technology for an undisclosed amount.

Filed Under: News Well, Regenerative Medicine, Wall Street Beat Tagged With: Advanced BioHealing Inc., Biomet, C.R. Bard, ICU Medical Inc., Insulet, Mass. Life Sciences Center (MLSC), McKesson Corp., Pluromed Inc., Revolutions Medical Corp., Sanofi-Aventis, Shire Plc., Tearlab Corp.

Will Advanced BioHealing pay off for Shire with a buyout deal? | Wall Street Beat

February 23, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Buyout chatter pushed shares of Shire plc (FTSE:SHP) up nearly 2% in London yesterday and added 1.4% on Wall Street.

Filed Under: Implants, Mergers & Acquisitions, News Well, Regenerative Medicine, Spine, Wall Street Beat Tagged With: Acusphere, Advanced BioHealing Inc., Baxter, CardioNet Inc., Cerner Corp., Cynosure Inc., Escalon Medical Corp., Halfpenny Technologies, Hologic, MAKO Surgical Corp., Nuvasive, Palomar Medical Technologies Inc., Shire Plc., Solta Medical Inc., Stryker, Symmetry Medical Inc., Syneron Medical Ltd., Teleflex, Vascular Magnetics, Volcano Corp.

Thoratec soars after killing it in Q3 | Earnings Roundup

February 9, 2012 By MassDevice staff Leave a Comment

Thoratec

Thoratec (NSDQ:THOR) shares are up more than 11% today after the heart pump maker put mid-double-digit profit growth numbers on the board for the 4th quarter and full-year 2011.

The Pleasanton, Calif.-based cardiac assist device maker logged profits of $15.3 million, or 25 cents per diluted share, on sales of $109.4 million for the 3 months ended Dec. 31, 2011. That’s a 46.4% bottom-line gain and a top-line boost of 12.1%, compared with profits of $10.5 million, or 17 cents diluted EPS, on sales of $97.6 million during Q4 2010.

Filed Under: MassDevice Earnings Roundup, News Well, Structural Heart, Wall Street Beat Tagged With: Accuray Inc., Advanced BioHealing Inc., Cardiovascular Systems Inc., Cerner Corp., Hanger Inc., Misonix, pSivida Corp., Q4, Shire Plc., Steris Corp., Thoratec Corp.

BMW develops health-check steering wheel to monitor physical and emotional duress | MassDevice.com On Call

November 4, 2011 By MassDevice staff

MassDevice On Call

MASSDEVICE ON CALL — Your car may be able to monitor your physical and mental health as you travel, thanks to a steering wheel developed by Germany’s BMW Group in collaboration with university researchers.

The steering wheel incorporates sensors that monitor vital signs and stress levels using metrics like heart rate and blood oxygen saturation, and take measures to reduce distractions or slow down the vehicle.

Filed Under: Catheters, Electronic Medical Records (EMR), Health Information Technology, News Well, Patient Monitoring Tagged With: Advanced BioHealing Inc., Shire Plc.

Diabetes epidemic keeps Dermagraft relevant despite failed clinical trial, Shire CEO says

September 16, 2011 By MassDevice staff Leave a Comment

Shire
Dermagraft

Skyrocketing rates of diabetes mean there’s still strong demand for Shire plc’s (NSDQ:SHPGY) Dermagraft diabetic foot ulcer treatment, according to CEO Angus Russell.

Russell defended the product despite a failed clinical trial that the company cut short late last month.

Filed Under: News Well Tagged With: Advanced BioHealing Inc., Clinical Trials, Shire Plc.

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