Medical Device News
FierceMedicalDevices covers the medical device and diagnostics industry. Find news on medical device companies like Medtronic and Covidien as well as the latest on venture capital, mergers & acquisitions, medical device recalls and more. For more information and analysis on these topics, please visit our biotechnology reports.
Device industry, FDA ink $595M user-fee deal
After more than a year of negotiations, medical device industry groups have tentatively agreed to a new 5-year, $595 million user-fee agreement with FDA--about double the old deal. Congress must sign Read more >>
AngioDynamics scoops up Navilyst for $372M
AngioDynamics ($ANGO) has agreed to buy rival Navilyst Medical, which focuses on vascular access, interventional radiology and interventional cardiology, in a deal valued at $372 million. The buy is Read more >>
New Zealand diagnostics company to hire 100 in PA
New Zealand's Pacific Edge Diagnostics is taking its diagnostic expertise abroad, opening its first U.S. franchise in Hershey, PA. The move, which comes as the company looks to market its bladder Read more >>
CartiHeal scores $5M ahead of 2013 product launch
Hoping to help the more than a million patients who undergo cartilage repair procedures each year, Israel's CartiHeal has raised $5 million in funding from Accelmed and Access Medical Ventures in Read more >>
Roche will nominate Illumina board candidates
Roche ($RHHBY) has upped the ante in its $5.7 billion hostile bid for gene sequencing company Illumina ($ILMN). Bloomberg is reporting that the company wants to boost the number of members on Read more >>
ConforMis nails $89M for iTotal knee manufacturing + launch
ConforMIS will use $89 million in newly raised investor financing to fuel the commercial launch and manufacturing of its new iTotal total knee replacement system. The Burlington, MA-based company Read more >>
Device reviewers sue FDA over personal email monitoring
Six scientists and doctors who handled evaluations for FDA medical device approvals are suing their former employer. They accuse the regulatory agency of spying on their personal Gmail accounts for Read more >>
U.K. regulators launch metal hip investigation
Anxiety is likely on the rise this week among the more than 30,000 British patients who have metal-on-metal hip replacements. That's because the U.K. regulators have launched an investigation as to Read more >>
Covidien sees strength in medical device unit as profits rise
The medical devices earnings news kept rolling in last week with Covidien ($COV) reporting good news with its medical device unit, which saw sales of $1.98 billion in the fiscal 2012 first quarter Read more >>
KCI installs new CEO, chairman
Things will be looking different around Kinetic Concepts ($KCI) soon. Apax Partners, KCI's new owner, has named Ronald Matricaria as the chairman of the San Antonio-based company's board of Read more >>
Roche's $5.7B Illumina bid risks standing alone
In the wake of Roche's ($RHHBY) $5.7 billion hostile takeover bid for gene sequencing company Illumina ($ILMN), the jury is still out as to what it means for the industry at large. On the one hand, Read more >>
Abbott to cut 700 jobs as Promus sales decline
Despite reporting healthy profits this week, Abbott Labs ($ABT) is laying off 700 people in the U.S. and Puerto Rico as part of a restructuring effort. Roughly 200 positions will be eliminated at its Read more >>
CN Creative nails $3.1M for electronic inhaler smoking cessation device
CN Creative has secured $3.1 million in new financing to fund final development work for its electronic inhaler nicotine replacement therapy device to help patients quit smoking. Advent Life Sciences Read more >>
Mevion scores $45M for proton therapy system
Mevion Medical Systems has closed a $45 million investment from ProQuest Investments and existing investors, including Caxton Health Life Sciences, Venrock and CHL Medical Partners. The privately Read more >>
St. Jude continues to see CRM sales slip as quarterly profit falls
Facing pressures in its cardiac rhythm management unit, St. Jude Medical ($STJ) saw its net earnings for fourth-quarter 2011 come in at $163 million, down from $206 million the previous year. The Read more >>
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