Recently, General Electric (NYSE:GE), Zimmer Biomet (NYSE: ZBH) and Toshiba (TYO:6502) announced their plans to slim down by spinning out core businesses. Now, Johnson & Johnson (NYSE:JNJ) is following a similar approach by making its consumer health business a standalone company. J&J will retain its pharmaceutical and medical device segments. The company said in an […]
Toshiba
Canon shifts name of acquired Toshiba Medical biz to Canon Medical Systems
Canon (NYSE:CAJ) said today it is changing the name of its acquired Toshiba Medical Systems to Canon Medical Systems, bringing it in line with the rest of the company. The Tokyo-based company said the name change came after a year long process of obtaining regulatory approval for the newly purchased subsidiary, and that as the procedures […]
Canon plunges on $3B EU fine threat over Toshiba Medical deal
(Reuters) — Canon (NYSE:CAJ) shares fell to their lowest levels in more than two months today after European regulators said they may fine it up to 10% of annual revenue for jumping the gun in its acquisition of Toshiba’s (TYO:6502) medical unit. The European Union Commission said it had reached a preliminary view that Canon breached rules […]
Toshiba, Japanese QST tout heavy-ion therapy breakthrough
Toshiba (TYO:6502) said today that it, along with Japan’s National Institutes for Quantum and Radiological Science and Technology have developed a novel pencil beaming scanning system which they claim significantly reduces the size of the system without lowered performance. The company said that the newly designed system can be mounted on a rotating gantry with superconducing beam […]
Lombard Medical CEO Hubbert, CFO Kullback step down | Personnel Moves, April 28, 2017
Lombard Medical Technologies (NSDQ:EVAR) said this month that its CEO Simon Hubbert and CFO William Kullback are stepping down from their positions, with Kurt Lemvigh stepping into the CEO role. Hubbert served as CEO for 6 years after joining the company in 2010, and will be replaced by Lemvigh, who has held positions with multiple companies, including […]
7 medtech stories we missed this week: April 14, 2017
From FDA approvals to business expansion plans, here are 7 medtech stories we missed this week but thought were still worth mentioning. 1. BioTelemetry launches offer to acquire LifeWatch BioTelemetry and LifeWatch announced in an April 9 press release that the 2 companies have entered a transaction agreement that states BioTelemetry will launch a tender offer […]
Varex Imaging inks 3-year supply deal with Toshiba Medical
Varex Imaging (NSDQ:VREX) said today it inked a renewed 3-year pricing agreement with Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary. Through the deal, Salt Lake City, Utah.-based Varex Imaging will supply Toshiba Medical with its computed tomography tubes for integration into its CT imaging systems. The agreement is set to take effect April 1. “The continuation of our four-decades long […]
FDA clears Toshiba Medical’s Aplio i900 cardiovascular ultrasound
Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary said today it won FDA 510(k) clearance for its Aplio i900 cardiovascular ultrasound system and launched the device in the US. The Tustin, Calif.-based medical subsidiary said the Aplio i900 is designed to allow clinicians to assess myocardial function or quantify complex valvular lesions with a greater depth and detail than previous […]
Toshiba Medical to provide Vantage Galan 3T MRI for UCI study
Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary said today that its Vantage Galan 3T magnetic resonance imaging machine will be used at the University of California, Irvine in a study, The study aims to investigate the use of non-contrast MRI to examine cerebral microbleeds in high school football players and other patients as early signs of chronic traumatic encephalopathy. The trial […]
Canon’s Toshiba Medical launches imaging equipment preventive maintenance program
Canon‘s (NYSE:CAJ) Toshiba Medical subsidiary said today it is launching the PM Only Service Agreement preventive maintenance program designed to maintain imaging equipment for healthcare providers and they even have ophthalmoscope repairs for other medical personnel too. The new service from Toshiba Medical is designed to enable providers to fulfill and document that they are […]
Toshiba Medical Systems wins 5-year $828m DoD radiology contract
Toshiba Medical Systems said last Friday it won a 5-year $827.6 million fixed-price, indefinite delivery and quantity contract with the US Department of Defense. The contract will position Toshiba Medical to provide radiology systems, accessories and training to the DoD, including the Air Force, Navy, Army, Marine Corps and federal civilian agency. Toshiba Medical won out […]
