Canon (NYSE:CAJ) Medical Systems said yesterday it closed a deal to acquire Dutch medtech dev Fysicon for an undisclosed amount. Fysicon develops both hardware and software for the healthcare fields, including hospital IT systems and cardiovascular monitoring systems, according to a press release from Canon Medical. The company’s cardiovascular devices, including equipment for reading cardiac waveforms and analyzing […]
Canon
Canon Medical wins FDA nod for Vantage Galan 3T XGO MRI
Canon (NYSE:CAJ) Medical Systems said today it won FDA clearance for its Vantage Galan 3 tesla XGO edition magnetic resonance imaging system. The newly cleared system features the Saturn X gradient and a 30% improved signal-to-noise ratio, the the company claims, improving the resolution of brain diffusion weighted imaging. Canon said the system also features improved cardiac […]
Canon inks MR dev deal with Quality Electrodynamics
Canon (NYSE:CAJ) Medical Systems said today it inked a deal to develop new magnetic resonance technologies with Mayfield Village, Ohio’s Quality Electrodynamics Research Center. As part of the deal, Canon Medical Systems said it installed a Vantage Galan 3 Tesla MR system at QED’s new research center to be used in efforts to develop new MR technologies, […]
Canon shifts name of acquired Toshiba Medical biz to Canon Medical Systems
Canon (NYSE:CAJ) said today it is changing the name of its acquired Toshiba Medical Systems to Canon Medical Systems, bringing it in line with the rest of the company. The Tokyo-based company said the name change came after a year long process of obtaining regulatory approval for the newly purchased subsidiary, and that as the procedures […]
Canon plunges on $3B EU fine threat over Toshiba Medical deal
(Reuters) — Canon (NYSE:CAJ) shares fell to their lowest levels in more than two months today after European regulators said they may fine it up to 10% of annual revenue for jumping the gun in its acquisition of Toshiba’s (TYO:6502) medical unit. The European Union Commission said it had reached a preliminary view that Canon breached rules […]
Toshiba Medical to provide Vantage Galan 3T MRI for UCI study
Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary said today that its Vantage Galan 3T magnetic resonance imaging machine will be used at the University of California, Irvine in a study, The study aims to investigate the use of non-contrast MRI to examine cerebral microbleeds in high school football players and other patients as early signs of chronic traumatic encephalopathy. The trial […]
Canon’s Toshiba Medical launches imaging equipment preventive maintenance program
Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary said today it is launching the PM Only Service Agreement preventive maintenance program designed to maintain imaging equipment for healthcare providers and they even have ophthalmoscope repairs for other medical personnel too. The new service from Toshiba Medical is designed to enable providers to fulfill and document that they are […]
Canon buys $40m stake in T2 Biosystems
Canon U.S.A. (NYSE:CAJ) said today it made a $40 million dollar equity investment into diagnostic developer T2 Biosystems Inc. (NSDQ:TTOO), giving Canon a 19.9% stake. Canon said it purchased approximately $40 million of T2’s stock at $6.56 per share through a private placement. The investment isn’t the 1st pairing for Canon and T2, as both companies have been […]
Toshiba Medical Systems enters the race for Takeda’s chemicals subsidiary
Toshiba Medical Systems, the medical device business Toshiba (TYO:6502) is selling to Canon (NYSE:CAJ) for $6.5 billion, reportedly entered the race to acquire a chemicals subsidiary of Takeda Pharmaceutical (TYO:4502). The Nikkei business daily reported today that Takeda is looking to sell its 70% stake in Osaka-based Wako Pure Chemicals Industries, with the 1st round of bidding closing August 16. Toshiba Medical is competing […]
T2 Biosystems, Bayer ink blood disorder deal
T2 Biosystems (NSDQ:TTOO) said today that it inked a deal with Bayer (ETR:BAYN) for research on blood coagulation disorders. The deal calls for T2 to provide its T2MR magnetic resonance-based diagnostic device to Bayer for a research program for drug and biomarker discovery in hemostasis. “We are very enthusiastic about our collaboration with Bayer and the important validation […]
Report: Japan OKs Canon’s $6.5B Toshiba Medical buy, despite reservations
Anti-trust regulators in Japan reportedly approved the $6.5 billion acquisition of Toshiba‘s (TYO:6502) medical device business to Canon (NYSE:CAJ), but warned about the deal’s questionable structure. Toshiba managed to book the sale before the deal actually closed by setting up a holding company with just $300 in assets to skirt Japanese anti-trust regulations. Yesterday Japan’s Fair Trade Commission said the method […]