Philips (NYSE:PHG) said yesterday that it enrolled the first patient in a U.S. investigational device exemption trial for its Stellarex drug-coated balloon. The 354-patient Illumenate Below-the-Knee study is designed to assess the device’s safety and effectiveness compared to percutaneous transluminal angioplasty in people with critical limb ischemia. Get the full story at our sister site, Drug […]
The 10 largest medtech employers of 2018 – and what their employees really think
Among the 10 largest medtech employers, workers feel pride in working on life-saving products – but there’s also frustration with big corporate bureaucracy. That was the major takeaway as Medical Design & Outsourcing compiled some of the most insightful current and former employee reviews posted on Glassdoor. The 10 companies we’re counting down were the largest […]
Amazon-Berkshire-JPM healthcare bet taps Comcast’s Stoddard for COO | Personnel Moves, Sept. 10, 2018
Amazon-Berkshire-JPM healthcare bet taps Comcast’s Stoddard for COO The healthcare joint venture started by Amazon (NSDQ:AMZN), Berkshire Hathaway and J.P. Morgan tapped former Comcast executive Jack Stoddard to be its COO, reporting to CEO Dr. Atul Gawande. Stoddard was a co-founder of Accolade, a startup backed by the cable giant that helps workers manage their health […]
Philips acquires pulse oximetry sensor maker Xhale Assurance
Royal Philips (NYSE:PHG) said this week it acquired pulse oximetry sensor maker Xhale Assurance for an undisclosed amount. Xhale Assurance produces a disposable pulse oximetry sensor designed to be placed on the wing of the nose to monitor heart rate and blood oxygenation under low perfusion conditions, which Amsterdam-based Philips said can be challenging with conventional […]
Report: Philips to cut another 280 from Andover, Mass.-based facility
Royal Philips (NYSE:PHG) is set to cut another 280 jobs from its Andover, Mass.-based facilities, according to a recent Eagle-Tribune posting. A total 120 of those jobs will be transferred to Philips’ Reedsville, Penn.-based facility, while another 160 will end up at the company’s new North American headquarters in Cambridge, Mass, according to the report. The […]
Philips launches Epiq CVx cardiovsacular ultrasound system
Royal Philips (NYSE:PHG) said today it launched the Epiq CVx cardiovascular ultrasound system. The newly launched system is designed to increase diagnostic confidence and simplify workflows to increase patient interaction and reduce the need for repeat scans, the Amsterdam-based company said. “The Epiq CVx brings together advanced image quality, quantification and intelligence specifically for the cardiologist. […]
Intel, Philips tout speed gains in AI-powered healthcare algorithms
Intel (NSDQ:INTC) and Royal Philips (NYSE:PHG) said last week they are partnering to test Intel hardware’s ability to run deep learning artificial intelligence programs intended to improve the capabilities of Philips tech. The two companies joined to test the abilities of hardware using Intel Xeon processors and the OpenVINO toolkit for two AI-powered programs: one for […]
Report: Amazon adds MGH cardiologist Majmudar | Personnel Moves – August 21, 2018
Amazon (NSDQ:AMZN) has picked up well-known cardiologist Dr. Maulik Majmudar for a new role within the company as it looks to continue its foray into healthcare, according to a recent CNBC report. The announcement was made by Majmudar himself on Twitter, according to the report, though he did not state what his specific role within the […]
Hologic CFO McMahon jumps ship to Agilent | Personnel Moves – August 1, 2018
Hologic (NSDQ:HOLX) said yesterday that its CFO Bob McMahon is leaving to take up a CFO role at Agilent Technologies. The Marlborough, Mass.-based company said that its current chief accounting officer Karleen Oberton has been lifted to CFO, effective today. “Bob has made tremendous contributions to Hologic over the last four years, and we wish him […]
ViewRay picks up ex-Spectranetics CEO Drake, COO Matin | Personnel Moves – July 25, 2018
ViewRay (NSDQ:VRAY) said yesterday it tapped former Spectranetics head Scott Drake as its new chief executive officer and former Spectranetics COO Shar Matin as its new COO. Before joining ViewRay, Drake served as CEO and prez of Spectranetics, which was acquired by Royal Philips (NYSE:PHG) in a deal that closed last August. Drake also serves as board chair […]
Report: Brazilian prosecutors accuse GE, J&J, Philips of running medtech ‘cartel’
Federal prosecutors in Brazil claim that General Electric‘s (NYSE:GE) Latin Americas chief exec Daurio Speranzini Jr. was involved in a medical equipment price-fixing scheme as part of an international health-care cartel, according to a new report from Reuters. The cartel, which includes Royal Philips (NYSE:PHG), Johnson & Johnson (NYSE:JNJ) and other medtech firms, reportedly engaged in bribing […]
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