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.
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.
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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.