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 […]
Olympus
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 […]
MedTech 100 roundup: Ringing in the New Year with another high
For the third time in the past four weeks, stocks within the medtech industry climbed to never-before-seen heights as 2021 reared its head. Previous highs have largely been a result of the FDA granting Moderna emergency use authorization for its vaccine candidate and its subsequent rollout to the U.S., joining the one made by Pfizer (NYSE:PFE) and BioNTech (NSDQ:BNTX), […]
Olympus acquires Veran Medical Technologies
Olympus (TYO:7733) today said it acquired Veran Medical Technologies for $340 million. St. Louis, Mo.-based Veran Medical Technology makes medical devices specializing in interventional pulmonology. Through the deal, Olympus will gain Veran’s global sales network, marketing, manufacturing, R&D and other function to expand its respiratory product portfolio. “We are very excited about the synergies this acquisition […]
Olympus warns on endoscope infection risk
Olympus (TYO:7733) is advising healthcare providers to inspect certain ultrasound endoscopes before using them due to the potential for patient infection. The global recall covers 8,522 devices distributed in the U.S., according to FDA records. In an urgent field safety notice, the company listed 23 models of endoscopes that might contain residual blood and foreign matter […]
How did medtech companies score on environmental stewardship list?
Medical Design & Outsourcing recently rated the world’s largest medical device companies — the Big 100 — for their sales numbers and R&D spend. Now we can share how some of them scored on an environmental nonprofit’s annual list of companies ranked for their actions on climate change. Not-for-profit organization CDP (Stockholm, Sweden) runs a global disclosure system for […]
MedTech 100: New heights reached once again
Nearly a month after reaching a new high mark, the medtech industry once again shot up to reach another peak in its mid-pandemic rebound. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 100.75 (Dec. 4), marking a 2.6% uptick from the 98.23 points registered […]
Olympus buys Veran Technologies for $340M
Olympus (TYO:7733) announced today that it entered into an agreement to acquire Veran Medical Technologies for up to $340 million. St. Louis, Mo.-based Veran Medical develops advanced medical devices specializing in interventional pulmonology, including navigation products to develop solutions for improved diagnosis of peripheral lung cancer, according to a news release. The acquisition by Olympus is […]
