HeartWare closes $8M World Heart buyout
World Heart Corp.
MassDevice.com +7 | The top 7 med-tech stories for the week of July 2, 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.
World Heart’s fortunes sagged as merger with Heartware dragged on
In the heat of the summer 2011, officials at World Heart Corp. were scrambling to keep a deal with HeartWare International alive.
World Heart’s 2011 sales go negative | Earnings roundup
HeartWare snags World Heart for $8 million
MassDevice.com +3 | The top 3 med-tech stories for February 24, 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.
UPDATE: World Heart CFO on layoffs, future plans
A skeleton crew of 6 employees at World Heart Corp. (NSDQ:WHRT) will push ahead with the development of its MiFlow heart pump despite layoffs for 77% of their colleagues, CFO Morgan Brown told MassDevice.com this morning.
World Heart lays off 77% of workforce
World Heart Corp. (NSDQ:WHRT) said it laid off 77% of its workforce in an effort to hoard cash while it explores "various corporate strategic options."
The Salt Lake City-based heart pump maker said the layoffs of 19 full-time workers and 1 part-time employee include its chief technology officer, John Woodard, effective today, according to a regulatory filing. Employees were notified yesterday, according to the filing.
Standard & Poor’s downgrades Medtronic | Wall Street Beat
Standard & Poor’s Ratings Services downgraded Medtronic’s (NYSE:MDT) credit rating after the company reported declines for its bread-and-butter CRM and spine businesses – which together accounted for more than 50 percent of its total Q2 revenues.
CRDM revenues were up 1.6 percent to $1.27 billion for the quarter, but defibrillator sales slid 5.0 percent to $708 million.
Ortho stocks up on strong Q2 prelims for Biomet | Earnings Roundup
Shares of orthopedic device makers are up this morning after bellwether Biomet Inc. reported preliminary sales numbers indicating 3.8% growth for its fiscal second quarter.
Is J&J in the hunt for Boston Scientific?
Could the amicable deal between bitter rivals Johnson & Johnson (NYSE:JNJ) and Boston Scientific (NYSE:BSX) over Michael Mahoney leaving J&J to helm BSX signal an upcoming acquisition?
Opinions are divided on Wall Street, with at least one analyst wondering if a deal could be in the works and others casting doubt on the speculation.
