ConvaTec
Haemonetics taps outgoing Covidien CFO Dockendorff for board | Personnel Moves
ConvaTec in FDA hotseat after patients death, injuries
Device maker ConvaTec landed in the FDA’s cross hairs after the company recalled a device that the agency says never underwent regulatory review.
ConvaTec lays off nearly 120 in New Jersey consolidation
ConvaTec is cutting nearly 120 employees from its Skillman, N.J., headquarters and moving its operations to a smaller facility in the state, according to a local report.
ConvaTec names an acting CFO after former finance head splits | Personnel Moves
ConvaTec named John Cannon acting CFO following the departure of Edward Borkowski, who left the company for undisclosed reasons. Cannon moved up the ranks from his former position as VP of finance for the company’s global operations.
Before ConvaTec, Cannon worked in banking at PMC Treasury, Singer Sewing and Bankers Trust/Deutsche Bank.
U.K. regulators warn on Unomedical’s endotracheal tubes
U.K. regulators issued a safety alert for some endotracheal tubes produced by Unomedical, a subsidiary of ConvaTec. The U.K. Medicines & Healthcare Products Regulatory agency is asking healthcare providers to identify and return affected devices to ConvaTec.
The damaged devices are sold under 3 product names: the Unomedical UnoFlex, the Euromedical TrachealFlex and the PharmaPlast The endotracheal tubes are single-use products used to provide an unobstructed airway to and from the lungs.
ConvaTek claims win in UK patent battle with Smith & Nephew
ConvaTec is claiming victory in a U.K. patent battle with Smith & Nephew (FTSE:SN, NYSE:SNN) over silver wound dressings.
Sony picks up 11% Olympus stake for $640M | Wall Street Beat
Sony Corp. (TYO:6758) plans to become the largest shareholder in Olympus (TYO:7733) with a $642 million investment that will give it an 11% stake in Olympus.
Funding: Medical device companies raise $70M | Wall Street Beat
Four medical device companies reeled in more than $70 million in recent weeks, to develop technologies including a laser scalpel for minimally invasive surgeries, a peripheral vessel stapler, a thermal ablation system and a biliary stent.
Cambridge, Mass.-based OmniGuide led the charge with a $35 million round from Orbimed Advisors. OmniGuide chairman Yoel Fink told MassDevice.com in 2010 that the device uses the mirror technology he pioneered at the Mass. Institute of Technology in the 1990s.
University of Michigan sues St. Jude Medical for breach of contract
The University of Michigan is suing St. Jude Medical (NYSE:STJ), accusing the medical device maker of failing to pay $4.3 million in royalties on sales of St. Jude’s Epic and Trifecta cardiovascular valves.