Boston Scientific (NYSE:BSX) will appeal a court order requiring it to complete its $275 million purchase of Channel Medsystems. On Dec. 10. 2019, a Delaware chancery court judge ordered Boston Scientific to finish the merger. In a lawsuit filed in September 2018, Channel claimed that Boston Scientific spiked the deal over a former Channel employee’s scheme to […]
Boston Scientific wins a round in patent spat with Micro-Tech
A federal judge in Delaware ruled yesterday that Boston Scientific may proceed in its patent dispute with Micro-Tech over hemostatic endoscopy clips. Boston Scientific filed the lawsuit against Micro-Tech USA and its Chinese manufacturer, Micro-Tech Nanjing, alleging that they infringed three of its patents for endoscopic hemostatic clips. Henry Schein (Melville, N.Y.) is named as […]
Boston Scientific shares drop on Q4 sales news
Shares in Boston Scientific (NYSE:BSX) dropped 8% this morning on news of disappointing fourth-quarter sales. The company’s preliminary earnings report showed sales for the quarter ended Dec. 31, 2019 coming in at $2.9 billion, below the $2.91 billion that analysts were expecting. The unaudited sales figure represents organic growth of 7.3%, missing the company’s own […]
The 10 greatest medtech advances of the 2010s
From disposable endoscopes to TAVR to robotic surgery, there’s a whole host of medtech advances widely available now that weren’t around much 10 years ago. “In terms of technological advances, I would put this past decade as one of the most important for medical technology. From connected devices and robotics, to advances in material sciences […]
Judge orders Boston Scientific to complete $275 million merger
A Delaware chancery court judge yesterday ordered Boston Scientific (NYSE:BSX) to complete its failed $275 million buyout of Channel Medsystems. In a lawsuit filed in September 2018, Channel claimed that Boston Scientific spiked the deal over a former Channel employee’s scheme to embezzle nearly $3 million from the women’s health company. Emeryville, Calif.-based Channel Medsystems […]
FDA clears first single-use duodenoscope from Boston Sci
The FDA said it cleared the first fully disposable duodenoscope, made by Boston Scientific. The EXALT Model D Single-Use Duodenoscope is designed for use in endoscopic retrograde cholangiopancreatography procedures. It is the first single-use duodenoscope on the market and was granted Breakthrough Device Designation. “The availability of a fully disposable duodenoscope represents another major step […]
New study touts positive long-term results for Boston Sci’s Watchman
A long-term followup study on Boston Scientific’s (NYSE:BSX) Watchman heart implant shows low risk of hemorrhagic stroke and a high percentage of patients who discontinued anticoagulation drugs at one year. Published this week in the Journal of the American College of Cardiology, the new registry data represent the largest number and longest follow-up of patients […]
Report: More women harmed by medical devices than men
This article has been updated with comments from the FDA and from Madris Tomes. A new investigation of FDA adverse event data has revealed that more women are harmed by medical devices than men. The report published by the International Consortium of Investigative Journalists (ICIJ) shows that among 340,000 people whom the FDA listed as […]
Boston Scientific sells Zytiga royalties for $256m
Boston Scientific (NYSE:BSX) has sold half of its Zytiga-related royalties to Ontario Municipal Employees Retirement System for $256 million. The deal is worth 50% of the Zytiga-related royalties, according to an SEC Form 8-K filing from yesterday. Zytiga is a treatment for men with metastatic castration-resistant prostate cancer, according to its website. The sale begins with […]
Report: Sanctions against Boston Scientific overturned in court
A Minneapolis federal judge has overturned sanctions imposed last month on Boston Scientific in a whistleblower lawsuit lodged over two of its cardiac rhythm management devices. U.S. District Court Judge Joan Ericksen on Monday vacated the sanctions ordered Oct. 16 by the late Judge Steven Rau, according to a report by Law360. Rau had lambasted the […]
How much do the world’s biggest medtech companies pay physicians?
The top 50 medical device companies in the world paid physicians and teaching hospitals $690.3 million last year in general payments, according to an analysis of Medical Design and Outsourcing‘s Big 100 and CMS Open Payments data. Medtech companies averaged $17.3 million in general payments to doctors last year, spending an average of 0.2% of […]
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