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Globus Medical

MassDevice.com +3 | The top 3 med-tech stories for February 29, 2012.

March 1, 2012 By MassDevice staff Leave a Comment

Plus 3

Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.

If you read nothing else today, make sure you’re still in the know with MassDevice +3.

Filed Under: Food & Drug Administration (FDA), Legal News, News Well Tagged With: Gastrointestinal, GI Dynamics, Globus Medical, MDUFMA

UPDATE: Globus says $1M FDA result of “unfortunate miscommunication”

February 29, 2012 By MassDevice staff Leave a Comment

Globus Medical logo

Orthopedic device maker Globus Medical chalked the $1 million settlement with the FDA up to an "unfortunate miscommunication" rather than to any patient safety problems with its NuBone bone graft products.

The company agreed to pay the penalty, including a fine for CEO David Paul, to settle FDA charges that it marketed the NuBone products without the agency’s approval.

Filed Under: Food & Drug Administration (FDA), Legal News, News Well, Orthopedics Tagged With: Globus Medical

FDA fines Globus Medical and CEO $1M for selling rejected bone graft products

February 29, 2012 By MassDevice staff Leave a Comment

Globus Medical logo

Orthopedics device maker Globus Medical will pay $1 million, including a fine for its chief officer, to settle FDA charges that the company marketed bone graft products without getting the agency’s approval.

The fine includes $550,000 in penalties and a $450,000 charge for Globus CEO David Paul.

Filed Under: Legal News, News Well, Orthopedics Tagged With: Globus Medical

SonoSite CFO resigns, makes $3M | Personnel Moves

January 6, 2012 By MassDevice staff Leave a Comment

SonoSite (NSDQ:SONO) CFO Marcus Smith stands to pull down more than $3 million now that he’s retired from the Bothell, Wash.-based ultrasound device maker.

The company said Smith’s resignation, which went into effect yesterday, was to pursue other opportunities.

The former Philips Medical Systems exec will end up with more than $3 million in the bank after he receives all of his separation benefits, according to a company filing with the SEC.

Filed Under: News Well Tagged With: Burrill & Co., Fujifilm, Globus Medical, Imaging3, InHealth, Lantheus Medical Imaging, NewCardio Inc., NovoCure, Personnel Moves, Rochester Medical Corp., Smith & Nephew, Veniti Inc.

Meelia says goodbye to Covidien | Personnel Moves

December 19, 2011 By MassDevice staff Leave a Comment

Rich Meelia

Former Covidien (NYSE:COV) president & CEO Richard Meelia decided not to stand for re-election as chairman of the med-tech maker’s board.

Meelia agreed to serve as a non-executive chairman of the Mansfield, Mass-based med-tech titan for a year after his retirement last July.

Filed Under: News Well Tagged With: Amgen, Covidien, Globus Medical, InSite Vision Inc., Personnel Moves

Supreme Court disses Stryker in product liability case | Legal Roundup

November 1, 2011 By MassDevice staff Leave a Comment

Stryker Corp.

The U.S. Supreme court refused to hear an appeal by Stryker Corp. (NYSE:SYK) in a product liability lawsuit filed over its recalled Trident hip implant.

Filed Under: Legal News, News Well, Patent Infringement Tagged With: becton dickinson, Globus Medical, Innovasis, Legal Roundup, Phyton Biotech, Retractable Technologies Inc., Samyang Corp., Stryker

Bard CFO has one foot out the door, will retire when someone fills his shoes | Personnel Moves

August 2, 2011 By MassDevice staff Leave a Comment

CR Bard

C.R. Bard Inc.’s (NYSE:BCR) senior VP and chief financial officer Todd Schermerhorn announced his retirement after 26 years with the company.

Schermerhorn will continue to serve as CFO until the Murray Hill, N.J.-based company finds a replacement, which may take until August 2012.

Filed Under: News Well Tagged With: C.R. Bard, Echo Therapeutics Inc., Globus Medical, Mass. Life Sciences Center (MLSC), Personnel Moves, Toshiba, Ventana Medical Systems

Synthes goes after Globus Medical in patent spat

July 27, 2011 By MassDevice staff Leave a Comment

Synthes
Globus Medical

Synthes Inc. (VTX:SYST) wants a Delaware judge to order Globus Medical Inc. to destroy any intervertebral implants found to infringe a trio of the Swiss medical device giant’s patents.

Filed Under: Implants, Legal News, News Well, Patent Infringement, Spine Tagged With: depuysynthes, Globus Medical

Ingen CEO jailed for kickbacks scheme | Personnel moves

April 22, 2011 By MassDevice staff Leave a Comment

MassDevice.com Personnel Moves

Ingen Technologies Inc.’s (OTC:IGNT) former CEO, Scott Sand, is headed to the slammer for his role in a plot involving the illegal manipulation of his company’s stock price.

The Yucaipa, Calif.-based medical device manufacturer named Tom Neavitt interim CEO to replace Sand and said current COO Gary Tilden will take over its day-to-day operations.

Filed Under: News Well Tagged With: Adimab LLC, Clinquest Inc., conformis, Epigenomics AG, Globus Medical, Ingen Technologies Inc., Mersana Therapeutics, Personnel Moves, PLC Systems Inc., Practice Fusion, Symmetry Medical Inc., Urovalve

Medtronic spins spine technology patent ruling

February 9, 2011 By MassDevice staff Leave a Comment

Medtronic, Globus

Medtronic Inc. (NYSE:MDT) is touting a ruling by the U.S. Appeals Court for the Federal Circuit affirming its rights to a pair of patent claims, even though it’s still waiting on a lower court to decide if the $2.7 million award in the case should be reduced.

The court upheld two of the U.S. District Court for Eastern Pennsylvania’s rulings concerning alleged spine technology patent infringement by Globus Medical Inc., but ordered the lower court to reconsider a $2.7 million award to Medtronic.

Filed Under: Legal News, News Well, Orthopedics, Patent Infringement, Spine Tagged With: Globus Medical

Appeals court sends $2.7 million Medtronic win back to lower court

January 28, 2011 By MassDevice staff Leave a Comment

MDT, Globus logos

A federal appeals court partially overturned a lower court decision awarding a $2.7 million judgment to Medtronic Inc. (NYSE:MDT) in a patent spat over spinal stabilization technology with Globus Medical Inc.

The U.S. Appeals Court for the Federal Circuit upheld two of the lower court’s rulings but overturned a third, meaning the U.S. District Court for Eastern Pennsylvania must reconsider the amount to award Medtronic.

Filed Under: Business/Financial News, Legal News, News Well, Spine Tagged With: Globus Medical

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