A research report blasting Intuitive Surgical (NSDQ:ISRG) spooked investors on Wall Street yesterday and today, prompting a selloff that’s shaved some 11% from the medical device company’s share price.
SkinMedica
Diabetes: Intarcia pulls down $210M for drug-device combo| Wall Street Beat
Intarcia Therapeutics said it’s reeled in financing worth a total of $210 million to further its drug-device combination treatment for Type II diabetes.
The Hayward, Calif.-based company, which is moving its headquarters to Boston, said the cash will also help facilitate the move.
MassDevice.com +3 | Bovie questions COO’s credentials, St. Jude announces FDA win amid Riata lead concerns and Histogen wins patent battle against SkinMedica
Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This latest feature of MassDevice.com’s coverage highlights our three 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.
Histogen wins SkinMedica patent battle
Histogen Inc. is declaring victory after a Southern California judge’s decision that its technique for growing human skin cells does not infringe a pair of patents covering SkinMedica’s NouriCel product line.
It’s the second time San Diego-based Histogen, which is primarily focused on regenerative medicine solutions for wound care, has touted a win from U.S. District Court Judge Janis Sammartino. The judge sided with Histogen on how the patents’ claims should be construed.