St. Jude Medical‘s (NYSE:STJ) largest investor boosted its stake by more than 30%, to some 27.2 million shares, or about 10% of the medical device maker.
NeuroLogica Corp.
Riding high, Intuitive Surgical is poised to dazzle again with Q1 numbers| Wall Street Beat
A week after posting an all-time stock high, Intuitive Surgical (NSDQ:ISRG) is poised to bedazzle Wall Street for the 12th straight quarter tomorrow.
Analysts: Med-tech faces headwinds, looks “less healthy” of late | Wall Street Beat
The medical technology sector must face up to a host of pressures if it wants to grow this year, according 1 analyst shop, but the leading med-tech index, the iShares DJ U.S. Medical Devices Index Fund, shows that med-tech’s momentum slowed during the first quarter.
Zoll wins FDA nod for EMS AED | Regulatory Roundup
Zoll Medical (NSDQ:ZOLL) said it won 510(k) clearance from the for its ZOLL X monitor/defibrillator, a smaller, more powerful device aimed at the EMS market.
Carticept closes $10M round from SonoSite, others | Funding Roundup
Carticept Medical closed a $10 million financing led by existing investors Domain Associates, New Enterprise Associates and SonoSite Inc.
The Alpharetta, Ga.-based company said it will use the proceeds to fund the commercial launch of its Navigator computer-controlled drug delivery system. The device uses ultrasound guidance to deliver medications for joint pain.
Neurologica, Analogic bury the hatchet
NeuroLogica Corp. and its sister firm, medical imaging giant Analogic Corp. (NSDQ:ALOG), buried the hatchet yesterday, settling a lawsuit accusing Analogic of interfering with NeuroLogica’s acquisitions.
The companies are related by dint of being founded by Bernard Gordon, who’s chairman of NeuroLogica and chairman emeritus at Analogic.
Medtronic lands EU approval for CoreValve | Regulatory Roundup
Medtronic Inc. (NYSE:MDT) won CE Mark approval in the European for its percutaneous aortic valve replacement system, CoreValve.
The device is "the only transcatheter aortic valve available in the world that can treat – without surgery – patients with larger valve openings (up to 29mm)," according to a press release.
CoreValve is the largest transcatheter valve available, but can compress into a small delivery system to be deployed in the same delivery system as smaller CoreValve sizes.
Analogic founder Gordon sues over NeuroLogica buyout | Legal Roundup
Bernard Gordon, who founded medical imaging giant Analogic Corp. (NSDQ:ALOG) in 1964, is accusing the company of deliberately interfering with acquisitions of his new firm, NeuroLogica Corp.
In a lawsuit filed in the U.S. District Court for Massachusetts, NeuroLogica and co-plaintiffs Gordon and two other NeuroLogica executives accuse Analogic of seeking to prevent another, un-named company from acquiring NeuroLogica in a bid to force a below-market buyout in its own favor.
FDA approves two St. Jude ablation catheters | Regulatory roundup
The FDA approved two cardiac ablation catheters made by St. Jude Medical Inc. (NYSE:STJ).
The devices are designed to treat cardiac arrhythmias through the targeted scaring of heart tissue to block abnormal electrical signals that would contribute to irregular heart beats.