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ConvaTec

ConvaTec in FDA hotseat after patients death, injuries

June 23, 2014 By Arezu Sarvestani Leave a Comment

ConvaTec in FDA hotseat after patients injured

Device maker ConvaTec landed in the FDA’s cross hairs after the company recalled a device that the agency says never underwent regulatory review.

Filed Under: News Well, Recalls, Regulatory/Compliance Tagged With: ConvaTec

ConvaTec lays off nearly 120 in New Jersey consolidation

February 11, 2014 By Arezu Sarvestani Leave a Comment

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.

Filed Under: News Well Tagged With: ConvaTec, Layoffs

ConvaTec names an acting CFO after former finance head splits | Personnel Moves

July 5, 2013 By Sony Salzman Leave a Comment

fired/hired

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.

Filed Under: News Well Tagged With: ConvaTec, Digirad Corp., Neuroptics Inc., Personnel Moves, Silk Road Medical Inc.

U.K. regulators warn on Unomedical’s endotracheal tubes

May 29, 2013 By Sony Salzman Leave a Comment

ConvaTec logo

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.

Filed Under: News Well Tagged With: ConvaTec, Patient Safety, Warning Letter

ConvaTek claims win in UK patent battle with Smith & Nephew

December 20, 2012 By MassDevice staff Leave a Comment

Convatec, Smith & Nephew

ConvaTec is claiming victory in a U.K. patent battle with Smith & Nephew (FTSE:SN, NYSE:SNN) over silver wound dressings.

Filed Under: Legal News, News Well, Patent Infringement Tagged With: ConvaTec, Smith & Nephew, Wound Therapy

Sony picks up 11% Olympus stake for $640M | Wall Street Beat

October 1, 2012 By MassDevice staff Leave a Comment

MassDevice.com 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.

Filed Under: News Well, Wall Street Beat Tagged With: 180medical, BSD Medical Corp., ConvaTec, Mainstay Medical, Olympus, Sony Corp.

Funding: Medical device companies raise $70M | Wall Street Beat

September 5, 2012 By MassDevice staff Leave a Comment

MassDevice.com 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.

Filed Under: Funding Roundup, News Well, Wall Street Beat Tagged With: 180medical, ConvaTec, EndoChoice, Intact Vascular, NeuWave Medical Inc., Novation, OmniGuide, Premier Inc., Teleflex, VirtualScopics Inc., Xlumena

University of Michigan sues St. Jude Medical for breach of contract

July 9, 2012 By MassDevice staff Leave a Comment

University of Michigan
MassDevice.com news

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.

Filed Under: Legal News, News Well Tagged With: Biomet, Clinipro, ConvaTec, Given Imaging, JP Morgan Chase, Legal Roundup, M*Modal, PhotoMedex Inc., Quattro Vascular, Smith & Nephew, stjudemedical, Tria Beauty Inc., TriReme Medical Inc., University of Michigan, Zeltiq

More deals ahead for Covidien? | Wall Street Beat

May 2, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

As Covidien (NYSE:COV) closed its 4th recent acquisition, analysts speculated that there may be more deals on the near future.

The Mansfield, Mass.-based company may be looking to pick up some assets in hypertension treatment, or may keep its sights on additional acquisitions in Israel.

Filed Under: Funding Roundup, Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: AbViser, becton dickinson, BRIT Systems, ConvaTec, Corpak Medsystems Inc., Covidien, Deals Roundup, Edwards Lifesciences, EndoEvolution LLC, HCL Technologies, Henry Schein Inc., InHealth, Medic Vision Imaging Solutions, Newport Medical Instruments, Osteomed, Premier Inc., Solta Medical Inc., Synexus, Teleflex

Stryker ex-CEO MacMillan resigns from Texas Instruments board | Personnel Moves

February 23, 2012 By MassDevice staff Leave a Comment

Stephen MacMillan

Following his abrupt resignation from the corner office at Stryker Corp. (NYSE:SYK), Stephen MacMillan also stepped down from the Texas Instruments board of directors.

MacMillan had been on the board since 2008. No reason was given for his departure in regulatory filings.

Filed Under: News Well Tagged With: Analogic, CareCloud, ConvaTec, Electromed, Getinge, InVivo Therapeutics, Lanx Inc., Mayo Clinic, NDS Surigical, Personnel Moves, Pyng Medical, Small Bone Innovations Inc., Stryker, Texas Instruments

NuVasive closes Impulse Monitoring deal | Acquisitions Roundup

October 12, 2011 By MassDevice staff Leave a Comment

NuVasive
Impulse Monitoring

NuVasive (NSDQ:NUVA) closed its $80 million pickup of Impulse Monitoring Inc. last week, according to a filing with the federal Securities & Exchange Commission.

The deal, which closed Oct. 7, saw IMI’s shareholders receive nearly $40.5 million in cash and more than 2.3 million shares of NuVasive common stock with an aggregate value of about $40.5 million (per NUVA’s Oct. 6 closing share price of $17.32).

Filed Under: Mergers & Acquisitions, News Well Tagged With: Acquisitions Roundup, AeroScout, Aptiv Solutions, Bio-Rad Laboratories, Boston Endo-Surgical, ConvaTec, cyberonics, Farmhurst Medical, Impulse Monitoring Inc., ImThera Medical Inc., LensAR Inc., Nuvasive, Precision Engineered Products, Quantalife, Sentient Health, SRA Global Clinical Development, Topcon, Trimline, Welch Allyn

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