News

Smartphone-based diagnostic device could deliver quick, at-home lab results

Amid a sea of companies creating mobile medical devices, a Philadelphia startup hopes to set itself apart and deliver an innovative product that provides quick, at-home lab diagnostics on a smartphone.

GE Healthcare moves to Boston area, to hire more than 220

Further concentrating life science powerhouses around Boston, GE Healthcare Life Sciences will open a new U.S. headquarters in Marlborough, MA. It's expected to house more than 500 employees, including at least 220 new hires.

NY Senators tell FDA to stop sales of power morcellators

Democratic Sens. Chuck Schumer and Kirsten Gillibrand of New York urged the FDA to remove all power morcellators from the market in a letter to FDA Commissioner Margaret Hamburg.

Medtronic, Covidien unveil joint integration team

Covidien and Medtronic announced more than 45 people will join a newly created team to tackle integration issues during their merger.

Survey says people want neurological diagnosis, regardless of cure

The argument for the importance of patient diagnosis often relies upon the efficacy of subsequent treatment. But according to a recent study, three-quarters of people would want to know if they have a particular neurological disorder even if it had no cure.

ConvaTec weighs plans for inversion deal amid rumors of 2015 sale

ConvaTec is weighing plans for a corporate inversion deal as interest builds from larger companies looking to cash in on the med tech M&A trend.

Boston Sci to develop two new guidewires with cardiological indications by 2015

Boston Scientific has just announced plans to launch new fractional flow reserve and atherectomy guidewires in 2015 in collaboration with Japanese medical component specialist Asahi Intecc.

Medtronic stumbles in India, China but holds up in U.S.

Medtronic has tied its long-term growth to three pillars: strong U.S. sales, double-digit growth in emerging markets and Covidien. But last quarter, the medical device giant didn't deliver on emerging market revenue growth as it encountered difficulties with distributors in India and China. It expects to return to double-digit gains in both countries this fiscal year.

VC Rock Health partners with Abbott, expands digital health portfolio

Venture Capital firm Rock Health announced today that it is adding 8 digital health companies to its portfolio and partnering with three industry bigwigs, including Abbott.

Air pollution monitor, app in development for asthma patients

Chemisense is developing an updated air-quality monitor and correlating smartphone app that will identify areas with heavy pollutants and irritants for users, as well as crowdsource the data users collect.

Feds looking to fund clinical studies on comparative effectiveness of devices

The federal Patient-Centered Outcomes Research Institute added three medical device-related topics to its list of priority research areas that are eligible for enhanced funding under the Pragmatic Clinical Studies initiative. In the new funding round, comparative trials studying cardiology, hip fracture and surgical mesh are invited to apply.

Cheap, portable Dx device detects an array of medical and environmental conditions

Harvard researchers have developed an inexpensive handheld device for use in the world's poorest regions that can monitor diabetes, detect malaria and analyze drinking water through electrochemical analysis and then send the information to a computer anywhere on the globe by standard mobile phone.

Leading U.S. hospital group target of external cyberattack

Amid an influx of cyberattacks on med tech outfits and affiliated companies, one of the nation's largest hospital groups revealed that it was the target of external hackers.

electroCore in talks with potential pharma partners

Big Pharma is interested in partnering with startup electroCore on commercializing its noninvasive vagus nerve stimulation therapy for migraines and cluster headaches upon FDA approval, company CEO JP Errico says. In a sign that talks may be heating up, electroCore has appointed investment bank Piper Jaffray to advise it.

Abbott gets $20M from DOD to develop portable concussion test

Abbott Laboratories and the United States Department of Defense are collaborating to develop a test that can be used to assess potential concussions quickly in the field. Abbott's handheld diagnostic i-Stat System is already in use by the military; the test will be developed for use on it.

After Walgreens avoids inversion, will Medtronic modify its Covidien offer?

Speculation is building that Minneapolis-based Medtronic will modify its offer for Dublin-based Covidien.

China's top health authority calls for more homegrown med tech

Global med tech companies could soon face mounting competition in China, as the country's top health authority is calling for a new set of initiatives to promote homegrown products and jumpstart the domestic industry.

FDA targets off-label use of intranasal splint, with safety alert and Class I recall notice

The FDA continued its attack on Enhancement Medical LLC's Expression intranasal splint, designating the product's July recall as Class I.

Study: Heart rhythm telemetry implants improve patient outcomes

Patients implanted with heart rhythm devices that automatically send information about cardiac abnormalities to a telemonitoring center showed improved outcomes in heart failures and fewer deaths than those without the remote monitoring leads, according to a new study.

FDA approves ear inserts to reduce TMJ pain

The FDA has approved TMJ NextGeneration, custom ear canal inserts that increase the volume of the ear canal when the jaw is closed, thereby discouraging the user from clenching the jaw and the surrounding muscles.