The US International Trade commission said today it voted to investigate Chinese disposable medical device supplier Yangzhou WeiDeLi Trade Co over complaints of violated intravascular medical component patents. The complaints were filed by East Aurora, N.Y.-based Curlin Medical and Moog Inc and Salt Lake City, Utah-based Zevex Inc on March 13, according to USITC documents. […]
The number of venture-backed life science companies going public neared a peak set in 2000 during the 2nd quarter, raising $2.2 billion and doubling the volume and value of IPOs from the 1st quarter, according to the National Venture Capital Assn. and Thomson Reuters.
There were also 83 venture-backed acquisitions during the quarter, down 59% compared with Q2 2012, according to the groups’ Exit Poll report.
The FDA released a flurry of recalls for medical devices this week.
First, iCad Inc. (NSDQ:ICAD), formerly Xoft Inc., had to remove a radiation guard for breast cancer treatment, over reports that the device sheds tungsten particles.
The FDA issued the Class I recall for Sunnyvale, Calif.-based company’s Axxent FlexiShield Mini, Model F5300. The Food & Drug Administration issues Class I recalls when there is potential for serious injury or death from use of a particular device or product.