Mobile tech company Jawbone is looking to pivot into the healthcare market, according to a recent report from Recode. The San Francisco-based company, which produced bluetooth earpieces and speakers, announced in July it was liquidating its assets. Now, Jawbone is looking to take a small portion of its staff – only approximately 110, compared to […]
UPDATE: Fitbit escapes Jawbone’s trade secret theft claims
Updated with comment from Jawbone. Fitbit (NYSE:FIT) yesterday beat rival Jawbone‘s accusations that it stole trade secrets for its wearable fitness tracking device when a judge for the U.S. International Trade Commission ruled that there were no violations of the Tariff Act because “no party has been shown to have misappropriated any trade secret.” The decision […]
India slashes drug-eluting stent reimbursement by 62% | Wall Street Beat
The Indian government slashed reimbursement rates for drug-eluting stents by more than 61.5%, down to about $460 from roughly $1,200, aiming to give a boost to its domestic stents industry at the expense of the multinational players.
It’s the 2nd rate cut since October 2011, according to the Business Standard. India cut the rate of reimbursement for U.S.-made stents from 65,000 rupees (about $1,200) to 25,000 rupees (~$461), which is now the standard rate for stents regardless of origin, according to the newspaper.
Jawbone agrees to pony up more than $100M for BodyMedia’s wearable sensors | Wall Street Beat
Jawbone agreed to acquire BodyMedia, reportedly for more than $100 million, in a bid to expand its footprint in the wearable technology market.
San Francisco-based Jawbone did not disclose the deal’s value, but Reuters, citing "a person familiar with the matter," reported that it’s worth "north of $100 million."
Pittsburgh-based BodyMedia’s roughly 60 employees will "join Jawbone’s existing team," according to a press release.
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