British biotech Shire (NSDQ:SHPGY) is under investigation by the U.S. Justice Dept. for marketing practices for its Dermagraft diabetic foot ulcer treatment, according to regulatory filings.
Shire Plc.
Zimmer slides on Q1 results | Earnings Roundup
Shire adds Pervasive Therapeutics to regenerative portfolio | Wall Street Beat
MassDevice.com +3 | The top 3 med-tech stories for February 23, 2012.
Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
If you read nothing else today, make sure you’re still in the know with MassDevice +3.
Will Advanced BioHealing pay off for Shire with a buyout deal? | Wall Street Beat
Buyout chatter pushed shares of Shire plc (FTSE:SHP) up nearly 2% in London yesterday and added 1.4% on Wall Street.
Thoratec soars after killing it in Q3 | Earnings Roundup
Thoratec (NSDQ:THOR) shares are up more than 11% today after the heart pump maker put mid-double-digit profit growth numbers on the board for the 4th quarter and full-year 2011.
The Pleasanton, Calif.-based cardiac assist device maker logged profits of $15.3 million, or 25 cents per diluted share, on sales of $109.4 million for the 3 months ended Dec. 31, 2011. That’s a 46.4% bottom-line gain and a top-line boost of 12.1%, compared with profits of $10.5 million, or 17 cents diluted EPS, on sales of $97.6 million during Q4 2010.
BMW develops health-check steering wheel to monitor physical and emotional duress | MassDevice.com On Call
MASSDEVICE ON CALL — Your car may be able to monitor your physical and mental health as you travel, thanks to a steering wheel developed by Germany’s BMW Group in collaboration with university researchers.
The steering wheel incorporates sensors that monitor vital signs and stress levels using metrics like heart rate and blood oxygen saturation, and take measures to reduce distractions or slow down the vehicle.
Wall Street pounds NuVasive on Q3 results | Earnings Roundup
NuVasive (NSDQ:NUVA) is paying dearly for a $101 million judgment against it in a patent war with Medtronic (NYSE:MDT), as Wall Street investors pare nearly 14 percent from its share price today after the release of its third-quarter earnings.
Investors pounded NuVasive Inc. today, sending share prices down nearly 14 percent as of about noon, after the spine surgery company released its Wall-Street-beating third-quarter results.
Diabetes epidemic keeps Dermagraft relevant despite failed clinical trial, Shire CEO says
Skyrocketing rates of diabetes mean there’s still strong demand for Shire plc’s (NSDQ:SHPGY) Dermagraft diabetic foot ulcer treatment, according to CEO Angus Russell.
Russell defended the product despite a failed clinical trial that the company cut short late last month.
Shire ditches Dermagraft for leg ulcers, just three months after dropping $750M on Advanced BioHealing
Shire plc (NSDQ:SHPGY) became the latest firm to abandon its pursuit of a leg ulcer indication for the Dermagraft artificial skin patch, after a clinical trial failed to pan out.
Cynosure picks up aesthetic laser business for $24.5 million | Acquisitions roundup
Cynosure Inc. (NSDQ:CYNO) announced the $24.5 million acquisition of the assets of Japan-based HOYA ConBio’s aesthetic laser business today.
The Westford, Mass.-based cosmetic laser device maker adds HOYA’s proprietary PhotoAcoustic energy technology to its product portfolio, which also includes the SmoothShapes cellulite reduction system.
The PhotoAcoustic technology uses high-speed energy waves to penetrate skin in nanoseconds, minimizing the amount of heat in each procedure.