Employees of G.E., Philips and Siemens have testified in court in China to bribing low-paid hospital officials to buy their companies’ medical devices, according to a report by the New York Times. Western medtech makers also agreed to deals involving third-party contractors who bribed hospital workers and sought kickbacks from hospitals, even after the contractors […]
Report: SEC probes GE Healthcare, Philips, Siemens in Chinese bribery scheme
The U.S. Securities & Exchange Commission is reportedly investigating three of the world’s largest medical device makers for their alleged participation in a bribery scheme in China. The SEC probe involves Siemens (NYSE:SI), Royal Philips (NYSE:PHG) and GE Healthcare (NYSE:GE), which allegedly used local middlemen to bribe Chinese government and hospital officials to buy their medical equipment, Reuters reported, […]
Sen. Warner enlists healthcare industry help on cybersecurity
U.S. Senator Mark Warner (D-Va.) wrote a letter to several healthcare organizations yesterday, asking their help in improving cybersecurity in the industry. A member of the Senate Finance Committee and chair of the Senate cybersecurity caucus, Warner pointed to apparent gaps in oversight, expressed concern about the impact of cyberattacks on the health care sector, […]
NuVasive, Siemens ink spinal surgery joint dev deal
NuVasive (NSDQ:NUVA) said yesterday it inked a strategic partnership deal with Siemens (NYSE:SI) Healthineers looking to develop and advance technology designed for minimally invasive spinal surgery. Through the deal, dubbed the Spine Precision Partnership, the companies will look to jointly advance their proprietary technologies, looking to improve operating room workflow efficiency and the delivery of minimally disruptive spinal […]
Siemens sees profits, sales shrink in Q3 earnings release
Siemens (NYSE:SI) today posted third quarter fiscal year 2018 earnings that saw profits and sales shrinking compared to the same period in 2017. The Munich, Germany-based company posted profits of $1.4 billion (EU €1.2 billion), or $1.55 per share (EU €1.34 per share), on sales of $23.7 billion (EU €20.4 billion) for the three months ended […]
Siemens, CVS, Athenahealth back new Pa.-based medtech accelerator
Siemens (NYSE:SI), CVS Health (NYSE:CVS) and Athenahealth (NYSE:ATHN) have joined on as backers of Smart Health Innovation Lab, a new Lancaster, Penn.-based medtech accelerator that opened this week. The accelerator was developed collaboratively by Aspire Ventures, Capital BlueCross, Clio Health and Penn Medicine Lancaster General Health, according to a press release. The incubator lab will provide a 12-week […]
Siemens wins FDA nod for Biograph Vision PET/CT system
Siemens (NYSE:SI) Healthineers said today it won FDA clearance for its Biograph Vision positron emission tomography and computed tomography system. The newly cleared PET/CT scanner features the company’s Optiso ultra dynamic range detector technology, which is based on silicon photomultipliers instead of the industry standard photomultiplier tubes. Siemens said that the new system reduces the detector’s lutetium oxyorthosilicate […]
Siemens wins FDA nod for Somatom Edge plus CT scanner
Siemens (NYSE:SI) Healthineers said today that it won FDA clearance for its Somatom Edge plus computed tomography machine. The company said the newly cleared device features its FAST integrated workflow and FAST 3D camera, which it claims is the first patient positioning system powered by artificial intelligence. The scanner also includes automated scan preparation and customized patient […]
Zimmer Biomet picks ex-Covidien exec Lannum for IR chief | Personnel Moves – March 20, 2018
Zimmer Biomet (NYSE:ZBH) said yesterday it tapped former Covidien investor relations head Coleman Lannum as its investor relations senior VP, reporting directly to prez & CEO Bryan Hanson. Lannum has more than 15 years in investor relations, having held positions with Mallinckrodt Pharmaceuticals (NYSE:MNK), Covidien and Tyco Healthcare. During his time with Covidien, Lannum oversaw the company’s initial […]
Siemens Healthineers shares jump after $5B IPO
Shares in the newly public healthcare arm of Siemens (NYSE:SI) gained nearly 7% today after raising more than $5 billion in an initial public offering. Investors paid €28.00 per share for 150 million shares, for a collective 15% stake in Siemens Healthineers (SHL.F), raising €4.2 billion ($5.18 billion). The stock opened up 3.9% at €29.10 apiece and soared as […]
Siemens launches industrial PCs for medical equipment market
Siemens recently announced that it plans to offer a full-suite of industrial personal computers and other similar products to enter the medical market. The company also announced that those products will be manufactured at its facility in Lebanon, Ohio. “Time to market for new product development continues to shorten in the industrial PC market while […]
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