Becton Dickinson & Co. (NYSE:BDX) subsidiary CareFusion has agreed to pay $3.3 million to settle civil fraud claims alleging that it sold products without FDA approval, according to a release from the U.S. Attorney’s Office for the Southern District of New York. San Diego-based CareFusion faced claims that it bought and sold medical devices not approved or […]
Medtronic taps former JP Morgan analyst Weinstein for strategy SVP | Personnel Moves – May 7, 2018
Medtronic (NYSE:MDT) said today it tapped former J.P. Morgan Chase & Co. analyst Mike Weinstein as its strategy senior VP. Prior to joining Medtronic, Weinstein served as a managing director for JP Morgan’s equity research healthcare team, holding positions within the unit for more than 20 years, the Fridley, Minn.-based company said. “We are excited to […]
Carefusion wins $50m Pentagon contract
Becton Dickinson & Co. (NYSE:BDX) subsidiary CareFusion won a U.S. Defense Dept. contract worth nearly $50 million, the Pentagon said yesterday. San Diego-based Carefusion Solutions won the five-year, $49.5 million contract for medical equipment. The firm-fixed-price with economic-price-adjustment deal was awarded after the military reviewed bids from 31 suitors and is good to Dec. 20, 2022. The Pentagon […]
CareFusion warns customers about Alaris syringe pump alarm
CareFusion issued a warning to customers of its Alaris syringe drug pump system, cautioning them that pumps made before 2008 may display an error message that could stop the pump from working. The company wrote that it has received a report from a customer that the device displayed a re-occurring internal malfunction error code, PL3, which […]
CareFusion recalls IV sets on cracked back-check valves
Becton Dickinson subsidiary CareFusion recalled some IV sets today after reports that cracks in the secondary set back-check valve caused infusion fluid to leak. The company said the secondary sets are attached to a needle-free device that has been cleaned with isopropyl alcohol and CareFusion thinks that causes the plastic to crack. Leakage in the back-check valve connection […]
UK Medical in management buyout from BD
The management of Becton Dickinson & Co. (NYSE:BDX) subsidiary UK Medical bought the company from its parent for an undisclosed amount. The Sheffield, U.K.-based company, which was acquired by CareFusion in 2012 before BD paid $12 billion for CareFusion in 2015, makes products for the breast radiology, urology, interventional radiology and cardiology markets. UK Medical will keep […]
Report: Looming NAFTA reforms, new border taxes threaten Mexican & US med device biz
The Trump administration’s threats to alter trade deals and add taxes to imports could affect a booming medical device business in Mexico, which imports a significant amount of products to the US, according to a New York Times report. The US imports approximately 30% of its medical devices and supplies and new taxes on imports […]
CareFusion expands Alaris warning
The U.K.’s Medicines & Healthcare Products Regulatory Agency issued an 2nd warning for CareFusion’s Alaris drug pump after the company discovered that the Alaris pumps with broken springs in the plunger assembly could accidentally release a single dose of medication. The UK watchdog 1st warned customers in December last year that the pump could release a dose […]
Another warning for CareFusion’s Alaris drug pump
The Medicines & Healthcare products Regulatory Agency issued a warning today for Carefusion‘s Alaris syringe drug pumps. The UK watchdog said that Alaris pumps with broken springs in the plunger assembly could accidentally release a single dose of medication if the pump also uses non-recommended syringes. “This problem comes about through a combination of using non-recommended […]
LimFlow taps Rose for CEO | Personnel Moves
LimFlow taps ex-Direct Flow GM Rose as CEO LimFlow said this week that it tapped former Direct Flow Medical VP and GM Daniel Rose as its new chief executive, with former co-founder & CEO Timothy Lenihan transitioning to chief technology officer. LimFlow is developing a device to create percutaneous venous arterialization in the foot to treat end-stage critical limb […]
CareFusion lays off 128 in California
Becton Dickinson (NYSE:BDX) subsidiary CareFusion is laying off workers in California, according to a Worker Adjustment & Retraining Notification Act notice. CareFusion, which this month landed a $100 million contract with the U.S. Defense Dept. to develop an automated drug dispensing system, will cut 128 jobs in San Diego, according to the October notice. Earlier this year, the FDA issued […]
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