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Sofinova spinout HealthQuest raises $175m fund
Sofinnova Ventures-spun out HealthQuest Capital is looking to raise $175 million for a new fund focused on the healthcare industry, according to an SEC filing posted this week. The firm looks to invest...
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Stryker pleural drainage device recall is Class I
The FDA this week labeled Stryker‘s (NYSE:SYK) Fuhrman & Pneumopericardial drainage set recall as Class I. The recall was issued over problems with the device breaking off in the pleural cavity...
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VC shops back managed healthcare in Docent Health play
(Reuters) – Three large U.S. venture capital firms are betting that hospitals will buy into a new service designed to help healthcare providers treat their patients more like upscale hotels treat their...
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Team NB survey shows fewer CE Mark certifications, more withdrawals since 2010
By Stewart Eisenhart, Emergo Group A recent survey of European Notified Bodies (NBs) shows that these organizations issued fewer CE Mark certifications for medical devices between 2011 and 2014 than in...
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Medtronic buys Baylis Medical’s OsteoCool after FDA nod for spine cancer device
Medtronic (NYSE:MDT) said today that it acquired Baylis Medical’s OsteoCool device for treating cancers that metastasize to the spine after the device won 510(k) clearance from the FDA last year. The...
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Stryker shares tick up on raised earnings outlook
Stryker (NYSE:SYK) shares ticked up today after the medical device company yesterday raised the low end of its earnings outlook and reported 4th-quarter preliminary results that met expectations on...
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Intuitive Surgical’s Q4 sales top expectations
Intuitive Surgical (NSDQ:ISRG) reported preliminary results for its 4th quarter that beat expectations on Wall Street, sending share prices up today. Sunnyvale, Calif.-based Intuitive said it expects...
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Thoratec sales exceed forecast for St. Jude Medical
Share prices for St. Jude Medical (NYSE:STJ) slid today after the medical device company missed forecasts for its 4th-quarter sales, despite a higher-than-expected contribution from its newly acquired...
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Appeals court hands J&J’s Ethicon a loss in stapler patent spat with Covidien
A federal appeals court today upheld a patent board’s decision to invalidate some claims in a surgical stapler patent owned by Johnson & Johnson (NYSE:JNJ) subsidiary Ethicon, following a challenge...
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HeartWare taps ex-Medtronic exec Oesterle for board | Personnel Moves
HeartWare International (NSDQ:HTWR) is looking to get in on Dr. Stephen Oesterle, an Ex-Medtronic (NYSE:MDT) exec who moved to the venture capital firm New Enterprise Associates last Sept., saying this...
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GE Healthcare joins $28m investment in new stem cell R&D facility
GE Healthcare (NYSE:GE) said today it is joining a $28 million (CAD $40 million) investment in a new advanced therapeutic cell technology center in Toronto. The healthcare giant is pairing with the...
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MassDevice.com +3 | The top 3 medtech stories for January 13, 2016
Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the...
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FDA warns ARB Medical on polymeric surgical meshes
The FDA this week released a warning letter it sent to ARB Medical concerning its production of polymeric surgical meshes. The agency knocked ARB Medical for marketing the product without appropriate...
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St. Jude Medical rejiggers sales reporting
St. Jude Medical (NYSE:STJ) said today that it plans to rejigger the way it reports its sales to better reflect its focus in managing the business, beginning this year. Little Canada, Minn.-based St....
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CDRH lists strategic priorities through 2017
The FDA’s Center for Devices and Radiological Health this week released a list of its strategic priorities for the upcoming year. The federal agency’s top goals for the year include establishing a...
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Lombard rises on prelims, expanding EU sales force and US drill down
Lombard Medical Technologies (NSDQ:EVAR) yesterday released preliminary estimates for its Q4 and fiscal year 2015, off slightly from estimates but shares rose with the news. The Irvine, Calif.-based...
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iCad closes VuComp cancer portfolio buyout
iCad (NSDQ:ICAD) said today it completed its acquisition of VuComp’s cancer detection portfolio, including the M-Vu computer aided detection technology platform. The buy includes a library of related...
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Enteromedics lands $11M in 2nd convertible notes tranche
EnteroMedics (NSDQ:ETRM) said today it closed the 2nd tranche of the $25 million senior amortizing convertible notes offering it announced last November, bringing in $11 million. At the initial...
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ALung Technologies raises $10.8 million
Artificial lung-like device developer ALung Technologies raised $10.8 million in a new round of debt financing according to an SEC filing posted this week. The money already raised in the round comes...
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Using cloud-based computing to improve complex care
For children with complex medical needs, care coordination across medical specialties is a major pain point, as is communication across multiple provider systems. And patients aren’t the only ones...
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