Royal Philips (NYSE:PHG) has promoted its India managing director and CEO Krishna Kumar to a position managing its emerging healthcare business division, according to The Times of India. Kumar is slated to continue as managing director of Philips India division until December, at which point he will lead the development of consumer and profesisonal healthcare […]
becton dickinson
Becton Dickinson closes Cellular Research buy
Becton Dickinson & Co. (NYSE:BDX) said Tuesday it closed its purchase of biotech firm Cellular Research for an undisclosed price. Cellular Research develops tools for parallel single cell genetic analysis based upon its proprietary molecular indexing technology, according to Franklin Lakes, N.J.-based Becton Dickinson. “The acquisition of Cellular Research, combined with our existing cell sorting technology, […]
BD and Guidepoint help startups connect to experts
Becton Dickinson & Co. (NYSE:BDX) and expert consultation firm Guidepoint said today they are partnering to help provide Guidepoint’s expert network services to select healthcare startups. Through the arrangement, Guidepoint will arrange consultations between selected healthcare entrepreneurs and experts in their fields, the companies said. The advisors will be either members of Guidepoint’s 225,000 person network […]
Ex-Biomet CEO Binder is Immucor’s new chief exec | Personnel Moves
Immucor said it named Jeffrey Binder, who led Biomet until its $13.34 billion merger with Zimmer (NYSE:ZMH), to be its new chairman, president & CEO. Binder replaces William Hawkins, the former Medtronic (NYSE:MDT) chief executive who took the reins at Immucor in 2011. Hawkins will assume the role of lead director on Immucor’s board, that company said. Immucor is […]
Diabetes: Medtronic furthers the quest for an artificial pancreas
Medtronic (NYSE:MDT) and Intarcia Therapeutics were in the spotlight at the American Diabetes Assn.’s annual scientific sessions conference in Boston last week, revealing new medical device developments in the fight against diabetes. Medtronic took center stage, announcing new developments for its artificial pancreas program, touting positive data from a user study of its MiniMed 640g and revealing plans to collaborate […]
Becton Dickinson mulls surgical instruments unit sale
(Reuters) — Medical equipment supplier Becton Dickinson & Co. (NYSE:BDX) is exploring a sale of its V. Mueller surgical instruments business following its $12 billion acquisition of peer CareFusion, according to people familiar with the matter. Franklin Lakes, N.J.-based BD hired investment bank JPMorgan Chase & Co. to assist with a potential sale, which could fetch […]
FDA: CareFusion’s Avea ventilator recall is Class I
CareFusion said it’s recalling all of its Avea ventilators over a possible pressure transducer failure that may cause the units to stop functioning.
ConMed ripe for M&A | The week in medtech M&A
Analyst: ConMed ripe for M&A spree May 19, 2015 by Fink Densford ConMed, in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter. Newitter, who upgraded CNMD shares to “outperform” and boosted the price target to $64 from $60, wrote in […]