The top 50 medical device companies in the world paid physicians and teaching hospitals $690.3 million last year in general payments, according to an analysis of Medical Design and Outsourcing‘s Big 100 and CMS Open Payments data. Medtech companies averaged $17.3 million in general payments to doctors last year, spending an average of 0.2% of […]
These medical device companies pay doctors the most money
The top medical device companies in the world made more than $542.6 million in general payments to physicians and hospitals in 2018, according to an analysis of Medical Design & Outsourcing‘s Big 100 and CMS Open Payments data. Zimmer Biomet topped the list with $109.4 million in general payments* to physicians and teaching hospitals in […]
Insights from Cathy Burzik’s 40 years in the healthcare industry
From the early days of software development to personalized cell and gene therapies, Cathy Burzik has witnessed a lot of technological evolution over the course of her 40-year career in the healthcare industry. She sat down with DeviceTalks’ former program manager Sarah Faulkner for an interview at AdvaMed’s The MedTech Conference this year, where she […]
Ethicon recalls Echelon Flex Endopath staplers
Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon yesterday issued a Class I recall of its Echelon Flex Endopath staplers after the product failed to completely form staples. Ethicon recalled the devices due to an out-of-specification component within the jaw of the stapler in some devices, which could lead to malformed staplers. If a problem isn’t recognized or addressed, […]
Opioid settlement deletes $3B in profits for Johnson & Johnson
Johnson & Johnson (NYSE:JNJ) today said a $4 billion settlement deal between its Janssen Pharmaceutical division and a group of state attorneys general over opioid drugs deleted some $3 billion from its bottom line. The New Brunswick, N.J.-based healthcare conglomerate last week posted third-quarter results that beat expectations, reporting profits of $4.83 billion ($1.81 per […]
Auris Health touts FIH results for Monarch robot-assisted bronchoscopy device
Johnson & Johnson (NYSE:JNJ) subsidiary Auris Health said today that a study of its Monarch robot-assisted bronchoscopy device reached its primary effectiveness endpoint in nearly all procedures. The Benefit study assessed the platform’s ability to aid in the diagnosis of peripheral pulmonary lesions ranging from 1cm to 5cm. The Monarch platform localized targeted nodules using […]
Johnson & Johnson agrees to $117m pelvic mesh settlement with 41 states, DC
Johnson & Johnson (NYSE:JNJ) yesterday agreed to pay $117 million to settle charges of deceptive marketing of its pelvic mesh products with 41 states and the District of Columbia. The states and DC alleged that J&J and subsidiary Ethicon broke state consumer protection laws by misrepresenting the safety and effectiveness of its mesh devices, which […]
Nelipak names Roger Prevot CEO | Personnel Moves, Oct. 16, 2019
Nelipak Corp. said last week that Roger Prevot will take over as CEO, following the retirement of current CEO Michael Kelly. Kelly was in charge when private equity giant Kohlberg bought Nelipak for an undisclosed amount July 2. Kelly is retiring after overseeing the deal and positioning the company for the next phase of its […]
Johnson & Johnson gains on Q3 beats
Shares in Johnson & Johnson (NYSE:JNJ) gained this morning after the healthcare giant beat expectations for its third-quarter sales and earnings and raised its outlook for the rest of the year. New Brunswick, N.J.-based J&J posted profits of $4.83 billion, or $1.81 per share, on sales of $20.73 billion for the three months ended Sept. […]
Staple snafu prompts voluntary Johnson & Johnson recall in Europe
Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon initiated a voluntary recall of its Echelon Flex Endopath 60mm staplers across seven different European countries due to potentially malformed staples. The company identified the possibility that some Echelon Flex Endopath staplers may contain an out-of-specification anvil component within the jaw of the device. The issue could lead to malformed […]
How Johnson & Johnson wants to drive innovation through diversity
Johnson & Johnson (NYSE:JNJ) today announced its inaugural “You Belong: Diversity & Inclusion Impact Review,” outlining its strategic diversity and inclusion philosophy that is driving innovation at the company. In the Impact Review, Johnson & Johnson said it developed and launched its diversity and inclusion vision, mission and definition in 2018. The initiative was designed to […]
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