The U.S. Supreme Court dashed the last hopes of W.L. Gore & Assoc. its long-running patent war with C.R. Bard (NYSE:BCR) over vascular graft technology.
U.S. Supreme Court
Obamacare: Roberts switched sides at the last minute
Chief justice John Roberts angered his conservative colleagues on the U.S. Supreme Court with a last-minute switcheroo, according to CBS News, when he joined the high court’s liberal wing in upholding the healthcare reform law.
The 4 conservatice justices – Anthony Kennedy, Antonin Scalia, Samuel Alito and Clarence Thomas – were so put out by the defection that they refused to join Roberts even on issues they agree on, according to the news channel.
Medtronic’s Ishrak lands $25M in salary, benefits in 1st year | MassDevice.com On Call
MassDevice.com +7 | The top 7 med-tech stories for the week of June 25, 2012
Say hello to MassDevice +7, a bite-sized view of the top seven med-tech stories of the week. This latest feature of MassDevice.com’s coverage highlights our seven biggest and most influential stories from the week’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 this weekend, make sure you’re still in the know with MassDevice +7.
Did medical device companies avoid “worst case scenario” with SCOTUS ruling?
Uncertainty is bad for business, so in some respects the U.S. Supreme Court’s decision to uphold the the healthcare reform law yesterday morning carries a bit of a silver lining, despite the obvious negative that the excise tax on medical device makers will live on.
If you don’t believe me, ask Katherine Owen, Stryker Corp’s VP of strategy and investor relations, who said as much in an investor’s conference last week.
MassDevice.com +3 | The top 3 med-tech stories for June 28, 2012
Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 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.
Medical Device Tax: Repeal hopes fade with SCOTUS ruling on ACA
The medical device industry’s bid to repeal the medical device tax took what might prove to be a mortal blow today when the U.S. Supreme Court ruled the Affordable Care Act constitutional, according to a Boston University law professor who’s amicus brief was cited in the court’s opinion.
"Today was not a great day for people who were hoping to repeal the device tax," Prof. Kevin Outterson told MassDevice.com. Justice Ruth Ginsburg cited a brief prepared by Outterson, his colleagues and students supporting the government’s position that the law is constitutional.
Medical Device Tax: SCOTUS ruling on healthcare reform a long-term boon for medical device companies
The U.S. Supreme Court’s decision to uphold the healthcare reform law – and therefore the medical device tax – could bode well for medical device companies over the long term, Wall Street analysts say.
Companies have already baked the impact of the 2.3% revenue tax into their assumptions, as have most med-tech investors, the analysts say. That likely means a short-term hit on The Street, as the upside of repeal evaporated this morning, but longer-term growth as 30 million to 40 million new patients gain health insurance.
SCOTUS healthcare reform decision
Healthcare Reform requires a foundation of healthcare IT in order to be successful. Improving quality, safety and efficiency requires:
Medical device tax survives Supreme Court ruling
The U.S. Supreme Court voted to uphold the healthcare reform law this morning, meaning the medical device tax is likely to stand.
The Supremes’ decision comes as a shock to observers who’d predicted that they would rule the Patient Protection & Affordable Care Act’s mandate unconstitutional. Chief Justice John Roberts joined the high court’s liberal wing in deciding that the mandate, which requires the uninsured to purchase health insurance or pay a penalty, qualifies as a tax.
UPDATE: Medical device tax survives Supreme Court ruling
The U.S. Supreme Court voted to uphold the the healthcare reform law this morning, meaning the medical device tax is likely to stand.
The Supremes’ decision comes as a shock to observers who’d predicted that they would rule the Patient Protection & Affordable Care Act’s mandate unconstitutional. Chief Justice John Roberts joined the high court’s liberal wing in deciding that the mandate, which requires the uninsured to purchase health insurance or pay a penalty, qualifies as a tax.