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RIP serial medtech entrepreneur Spencer | Personnel Moves November 10, 2016

November 10, 2016 By Fink Densford Leave a Comment

Serial medtech entrepreneur Dale Spencer died last week in Scottsdale, Ariz, according to the Medical Alley Association. Spencer helped found more than a dozen medical device companies, including SciMed, eV3, EndoMetabolic Solutions, ConcepTx Medical and Anulex Technologies. He also served on the boards of Boston Scientific (NYSE:BSX), Micro Therapeutics, Northstar Neuroscience, Spine Wave, Vertis Neuroscience, Velocimed […]

Filed Under: Business/Financial News Tagged With: Anulex Technologies Inc., Boston Scientific, CVRx Inc., Endo Health, ev3 Inc., Neurometrix, Personnel Moves

Court quashes American Medical Systems subpoenas in pelvic mesh case, to mull sanctions

November 9, 2016 By Brad Perriello Leave a Comment

The federal court overseeing the multidistrict litigation over pelvic mesh products made by American Medical Systems, the erstwhile women’s health business once owned by Endo International (NSDQ:ENDP), is mulling sanctions on the company after quashing a 2nd round of subpoenas sent to an outside witness. Endo, which acquired AMS in 2011 for $2.9 billion, in 2015 dealt the men’s […]

Filed Under: Legal News, Product Liability, Women's Health Tagged With: American Medical Systems Holdings Inc., Endo Health, Pelvic Mesh Lawsuits

Analogic CEO Green steps away | Personnel Moves Nov 4, 2016

November 4, 2016 By Fink Densford Leave a Comment

Analogic (NSDQ:ALOG) said late last month its prez and CEO James Green has stepped away from his position to pursue other opportunities. Company director and former Enovate Medical exec chair and CEO Dr. Fred Parks has been named to take over Green’s position. “Jim Green led Analogic during a period of meaningful development and growth, and […]

Filed Under: Business/Financial News Tagged With: 3DIcon, Alphabet (Google), Analogic, Carl Zeiss Meditec, CeloNova BioSciences, DeepMind, Endo Health, Haemonetics, InVivo Therapeutics, nanovibronix, Personnel Moves, Strata Skin Sciences

Endo’s AMS claims pelvic mesh plaintiffs scammed into needless explantation surgeries

May 20, 2016 By Brad Perriello Leave a Comment

Endo International (NSDQ:ENDP) subsidiary American Medical Systems Holdings reportedly accused “a pyramid of businessmen, doctors and lawyers” of convincing women to undergo unnecessary surgeries to remove pelvic mesh implants and inflate their damage claims. AMS has set aside $1.9 billion to cover as many as 49,000 product liability lawsuits alleging injury from the devices. But the company […]

Filed Under: Legal News, Product Liability, Women's Health Tagged With: American Medical Systems Holdings Inc., Endo Health, Pelvic Mesh Lawsuits

Endo tumbles on plans to shutter Astora biz

February 29, 2016 By Fink Densford Leave a Comment

Endo Health Solutions (NSDQ:ENDP) saw shares drop 20% today after announcing plans to close its Astora Women’s Health biz in March due to concerns over future product liability related to mesh implants, despite posting a solid earnings beat for Q4 and the full year 2015. The company, along with other medical device makers, have been hit with […]

Filed Under: Business/Financial News, Women's Health Tagged With: Astora Women's Health, Endo Health

Jury adds $7 million in punitive damages to Johnson & Johnson’s $5.5m mesh loss

December 22, 2015 By Fink Densford Leave a Comment

Johnson & Johnson (NYSE:JNJ) must pay $7 million in punitive damages on top of $5.5 million in compensatory damages it was ordered to pay yesterday in the 1st of a series of pelvic mesh lawsuits. Jurors took 2 hours of deliberation before they reached the $7 million figure, according to Law360.com. Johnson & Johnson and its Ethicon […]

Filed Under: Business/Financial News, Legal News, Women's Health Tagged With: American Medical Systems Holdings Inc., Boston Scientific, C.R. Bard, Endo Health, Ethicon, Johnson and Johnson

Johnson & Johnson lose 1st Philly mesh case

December 21, 2015 By Fink Densford Leave a Comment

A jury in Philadelphia ruled today that Johnson & Johnson (NYSE:JNJ) must pay $5.5 million in the 1st in a series of pelvic mesh lawsuits. The jury found J&J liable, based on the negligence of its scientists in relation to its Prolift pelvic mesh implant, citing it as the root cause of plaintiff Patricia Hammons’ […]

Filed Under: Business/Financial News, Legal News, Women's Health Tagged With: American Medical Systems Holdings Inc., Boston Scientific, C.R. Bard, Endo Health, Johnson and Johnson

FDA OKs Endo’s opioid cheek patch licensed from BioDelivery Sciences

October 26, 2015 By MassDevice Leave a Comment

(Reuters) — BioDelivery Sciences International said the FDA approved its opioid cheek patch for chronic pain, sending the drugmaker’s shares up 23% in premarket trading today. Endo International (NSDQ:ENDP) licensed the worldwide manufacturing and marketing rights to the treatment, Belbuca, from BioDelivery in 2012. Belbuca is an opioid film patch and aims to treat patients with […]

Filed Under: Drug-Device Combinations, Food & Drug Administration (FDA), Pain Management, Regulatory/Compliance Tagged With: BioDelivery Sciences International, Endo Health

Endo reports Q2 beat on rev, earnings

August 10, 2015 By Fink Densford Leave a Comment

Endo Health Solutions (NSDQ:ENDP) reported 2nd quarter earnings today that beat expectations for revenue and earnings per share by a fair margin while continuing its acquisition plans for Par Pharmaceuticals. Endo International reported losses of $250.5 million, or $1.35 per share, on sales of $735.2 million for the 3 months ended June 30. Adjusted to […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup Tagged With: Endo Health

Endo sheds assets from Litha subsidiary

August 6, 2015 By Fink Densford Leave a Comment

Endo International (NSDQ:ENDP) said yesterday it is selling off certain assets from its South Africa-based Litha Healthcare subsidiary. The assets, a portfolio of device, vaccine and non-core products, are being acquired by a consortium comprised of Westrate Trade, Invest Proprietary Limited and Immunotek Limited, according to the company. The Dublin, Ireland-based company said they expect […]

Filed Under: Business/Financial News, Mergers & Acquisitions Tagged With: Endo Health

Boston Scientific closes $1.6B Endo urology portfolio buy

August 4, 2015 By Fink Densford Leave a Comment

Boston Scientific (NYSE:BSX) said today it closed its $1.6 billion acquisition of the Endo Health Solutions (NSDQ:ENDP) owned American Medical Systems urology portfolio, including its men’s health and prostate health businesses. The deal consists of a $1.6 billion up-front payment and a potential $50 million milestone payment based on 2016 sales, according to the companies. “This […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Urology Tagged With: Boston Scientific, Endo Health

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