Last week provided a glimmer of light for medtech after a rough few weeks as the industry continues to push in the right direction. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (May 28) at 108.5 points, producing a 0.7% rise from the 107.74-point mark […]
Olympus
Olympus acquires Israel-based Medi-Tate
Olympus (TYO:7733) announced that it finalized the acquisition of benign prostatic hyperplasia (BPH) treatment developer Medi-Tate. The Japanese conglomerate did not disclose the financial terms of the acquisition, which was finalized after the company exercised a call option in February, according to a news release. Israel-based Medi-Tate develops the iTind device, which it designed as a […]
FDA clears Olympus airway mobilescopes
Olympus (TYO:7733) today said it received FDA clearance for its line of airway mobilescopes. The mobilescopes enable physicians to perform a broad range of upper and lower airway management procedures. “We are proud to present to the market the only flexible mobilescope models with a video camera on the tip,” said Lynn Ray, VP and GM […]
Olympus launches five single-use bronchoscopes
Olympus today said it has launched its product line of five H-SteriScope single-use bronchoscopes. The single-use endoscopes are for diagnostic and therapeutic procedures. They resulted from a collaboration between Olympus subsidiary Veran Medical Technologies and Hunan Vathin Medical Instrument Co. Get the full story on our sister site, Medical Tubing + Extrusion.
9 medical devices you should keep an eye out for in 2021
The medical device industry weathered the COVID-19 pandemic well — and is now set to roll out a host of innovations in 2021. Economists generally expect the U.S. to see a boom as we emerge from the pandemic and resulting recession. Medtech companies appear set to ride the wave this year, with plans to seek approval or […]
MedTech 100 roundup: Industry roars back
In the blink of an eye, the medtech industry exited its spring slump and neared its all-time best performance levels. MassDevice‘s MedTech 100 Index offered signs of a rebound last week and has built on that momentum, registering a final tally of 109.39 points on April 9. That represents a 2.9% increase from the 106.26-point mark […]
Olympus opens new U.S. medical business HQ in Massachusetts
Olympus announced that it opened a new global headquarters in Westborough, Mass. for its therapeutic solutions division. The facility, announced yesterday, is also the new U.S. headquarters for the Tokyo-based company’s medical business Olympus said in a news release that it identified its therapeutic solutions division (TSD) as a strategic focus for growth, shifting its […]
FDA flags infection risk from reusable urological endoscopes
The FDA said today that is looking into the causes of infections from reprocessed urological endoscopes based on “numerous” adverse event reports. The agency said that since 2017 it has received more than 450 medical device reports — including three deaths — associated with reprocessed cystoscopes, ureteroscopes and cystourethroscopes used for viewing and accessing the […]
MedTech 100 roundup: January ends with a dip
After spending several weeks on the ascent, medtech stocks leveled out a bit to end January, ending a run of several new highs in 2021. MassDevice‘s MedTech 100 index ended the week (Jan. 29) at 104.05 points, marking a -2.2% drop from the 106.4-point mark set at the end of the previous week (Jan. 22). The […]
Olympus acquires Quest Photonic Devices for $60.7 million
Olympus (TYO:7733) announced that it entered into an agreement to acquire Quest Photonic Devices for up to $60.7 million (€50 million). Tokyo-based Olympus’ total price for the acquisition includes milestone payments as the company seeks to strengthen its surgical endoscopy capabilities, according to a news release. Netherlands-based Quest develops fluorescence imaging systems (FIS) for the medical […]
5 innovations to make duodenoscopes more single-use — and save lives
Duodenoscopes are important medical devices that are used for endoscopic retrograde cholangiopancreatography (ERCP) procedures. However, the devices have had serious problems in the past. Luckily, several medical device companies have stepped in to solve the problems. (Here are five of the innovations.) Duodenoscopes are flexible, lighted tubes threaded through the mouth, throat and stomach into the […]
