Pyng Medical (CVE:PYT) said yesterday that its shareholders approved an $8.6 million takeover offer from Teleflex (NYSE:TFX), setting the stage for the deal to close April 3. First announced in early February, the deal calls for a Canadian Teleflex subsidiary to pay 30.2¢ apiece for the roughly 28.5 million shares in Pyng, which makes intraosseous infusion technology, pelvic stabilization & […]
Trauma
Battelle, Halyard snag $14m Navy contract
Battelle and Halyard Health (NYSE:HYH) snagged a $14.4 million contract from the U.S. Navy to develop a combination drug/device medical wrap that can help protect and save severely injured limbs, both at home and in the battlefield. The Office of Naval Research awarded the 4-year contract as part of its Acute Care Cover for Severely Injured […]
Zimmer Biomet inks deal for CelgenTek bone trauma tech, launches Persona, OsseoTi knee components
Zimmer Biomet (NYSE:ZBH) capped off the American Orthopedic Surgery Society’s annual meeting this week by inking a deal to distribute CelgenTek Innovations Corp.’s bone trauma technology and the launch of new Persona and OsseoTi knee components. The Warsaw, Ind.-based orthopedics juggernaut said the deal with CelgenTek includes that company’s N-Force fixation system and iN3 cement for […]
InVivo Therapeutics adds 4th clinical site
Battlefield lessons transform U.S. emergency care
(Reuters) — Paramedic Dean Elliott rummaged through the ambulance’s emergency kit and pulled out a pint-sized red power drill, a tool whose use was honed on the battlefields of Iraq and Afghanistan.
InVivo cleared to advance spinal injury study
X2 Biosystems raises $4m in debt offering
Brain-injury device developer X2 Biosystems said it sold approximately $4.2 million worth of debt and securities under a previously filed $9 million offering.
FDA clears AnthroTronix mobile app for PTSD, brain trauma assessment
AnthroTronix said it received FDA clearance for its DANA mobile assessment app, which is designed to help clinicians measure reaction time in assessing an individual’s medical or psychological state.
Pentagon awards $78m in contracts to 5 medtech companies
Surgical Frontiers incubator raises $7M
Surgical Frontiers is looking to make investments in young musculoskeletal technology companies with the $7 million fund it just secured.
The company has already promised some of the cash to 3 portfolio companies with orthopedic technologies in foot & ankle, sports medicine and trauma, the company said.
DePuy pursues ex-sales reps now working for Peerless Surgical
