The MassDevice Weekly Roundup brings you the latest medical device news and information.
Our weekly checkup takes the temperature of the public medical device companies in the three largest markets in the U.S.: Massachusetts, Minnesota and California. In addition to the indices for each state, which track the overall movement of the sector, we compare Monday morning’s opening share prices with their value when the markets close Friday afternoon and calculate the biggest gainers and losers. Read More
Zimmer, Smith & Nephew settle bone screw patent case
The medical device giants agreed to put their dispute over a bone screw patent to rest. Read More
AdvaMed: Lost productivity from chronic and acute conditions is a $1.4 trillion annual drag on the economy
Lost productivity due to chronic and acute medical conditions puts an estimated $1.4 trillion drag on the U.S. GDP each year, according to a study commissioned by the medical device industry trade council. Read More
Boston Scientific adds electrophysiologist to CRM unit
BSX taps Ken Stein as associate chief medical officer for its cardiac rhythm management business. Read More
iWalk steps up operations with $20 million infusion
General Catalyst Group leads a venture round for the Cambridge, Mass.-based PowerFoot prosthetic ankle and foot maker. Read More
BoSci’s lawyers still on the job in stent patent suit vs. Wyeth, Cordis
A law firm that represents Boston Scientific and Wyeth in separate cases can still represent the medical device maker in a stent patent lawsuit. Read More
Covidien unit’s potential damages in patent infringement suit cut by federal judge
U.S. District Court judge deals a blow to Mallinckrodt’s lawsuit over the alleged infringement of an injection device patent. Read More
U.S. District Court judge rules out punitive damages against Mentor Corp. in liability case
A federal judge throws out a New Jersey woman’s punitive damages claim on pre-emption grounds. Read More
Adage Capital Management acquires a 5% stake in HeartWare
Boston-based money manager’s new stake in the miniature heart pump-maker reflects its increased interest in device stocks. Read More
Innovative Spinal Technologies cadaver story overblown?
The media ruckus over nine partial cadavers once used to train physicians by Innovative Spinal technologies seems to have been much ado about nothing. Read More
FDA approves rapid Swine Flu test for the military
The Centers for Disease Control get a green light to distribute a rapid test to diagnose the H1N1 influenza virus in service members fighting overseas. Read More
Bruker Corp. finds global recovery efforts stimulating
The Billerica, Mass.-based medical equipment maker says it’s booked more than $10 million in global stimulus orders this year. Read More
PLC Systems touts preliminary RenalGuard study results
The Franklin, Mass.-based device maker says initial results from a clinical trial of its flagship product show promise. Read More
Report: Thoratec in the hunt after HeartWare gets away
Abiomed and World Heart could be prey for the cardiac assist device maker — unless Boston Scientific or another large predator snaps it up first. Read More
Marketing Mavens: How do you say “innovation” when everyone else is, too?
The old writers’ saw, “Show, don’t tell,” also applies to how you convey your company’s groundbreaking technology. Read More
Weekly Wireless Roundup: CardioMEMS lands $22 million VC round
Wireless sensor maker to use the cash for a clinical trial; Epocrates survey shows med students like their iPhones; a guide to FDA wireless health rules; and smartphone sales are on track to surpass PC sales. Read More
MedGadget’s MedTech Monday: Humanoid robot designed to mimic humans from the inside out
The Eccerobot looks and moves very much like a human; Dr. Nano video game for iPhone; a robotic nurse assistant ferries patients; and a new microscope capable of single-cell imaging. Read More
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