Canada's Monteris Medical announced a $30 million equity financing for its NeuroBlate robotic neurosurgical system to ablate, or destroy using heat, brain lesions like primary and metastatic tumors.
Boston Scientific faced a stinging setback in its ongoing vaginal mesh litigation as a federal court jury ordered the company to pay $26.7 million to four women who claimed the devices caused them undue pain and suffering.
Minnesota-based device giant St. Jude Medical is beating the bushes in Malaysia, possibly looking to expand its production and services operations there, Malaysia's New Straits Times reported.
A lack of age-appropriate devices has led to complications in the infant temperature monitoring space. So, the news that Philips will use its InnerSense Esophageal Temperature Probe to monitor the core temperature of underweight infants in collaboration with the Duke University School of Nursing is welcome.
With positive midterm election results in tow, Republicans in the U.S. Congress are moving forward with plans to nix the medical device tax put in place two years ago under President Obama's healthcare law.
Canadian startup BioSensive Technologies is running a Kickstarter campaign to raise money to further develop its smart earrings, Ear-o-Smart.
Glooko, a startup focused on diabetes, has developed a tool that allows diabetics and their doctors to see what impact physical activity has on their conditions. It merges information from fitness wearables and biometric devices to help avoid hypoglycemic events.
Under the Sunshine Act, the new Open Payments database of payments made to physicians is leading life science companies to "implicitly" coordinate their payments in order to avoid being seen as the big payer to a particular doctor.
Xerox, best known for its copy machines and document management systems, is investing in HealthSpot, a telemedicine provider that sets up kiosks that connect patients with physicians.
Pleasanton, CA's Spirometrix raised $8.6 million in funding for a sensor to detect and treat asthma and COPD, in a round led by Japan's NGK Spark Plugs, which gave $5 million.
More than a year after a Texas jury told Becton Dickinson to pay $340 million in damages to Retractable Technologies in an antitrust battle over competing safety syringes, a U.S. federal court is ordering the devicemaker to notify customers that it made false claims about its product.
Ex-Apple CEO John Sculley sees the mobile health market as the future patient-preferred healthcare option
France's Medicrea Group said it has received FDA clearance for the world's first patient-specific spinal osteosynthesis rod, the UNiD, enabling physicians to order customized rods that match the spinal alignment of each patient.
Medtronic's $43 billion acquisition of Covidien has become increasingly expensive, requiring the medical device giant to borrow more than $16 billion, the company said in a massive regulatory filing.
Aethlon Medical said it will, by the end of the year, begin U.S. clinical trials of its Hemopurifier device following news a German patient suffering from Ebola was declared free of the deadly virus despite suffering multiple organ failure.
As the med tech industry casts its eye toward wearable, non-invasive devices to elevate mood, startup Thync is developing a smartphone-connected product that boosts users' mood by stimulating nerves in the head.
The Centers for Medicare & Medicaid Services acted against the advice of its advisory committee by making the long-sought decision to offer Medicare reimbursement of CT scanning as a means of lung cancer screening among heavy smokers, earning the praise of groups like the Lung Cancer Alliance.
Medtronic submitted concessions to the European Union regulatory commission last Friday. The antitrust authority will decide by Nov. 28 whether to clear the deal.
Aliso Viejo, CA's OrthoAlign completed a $15 million financing round lead by previous investors River Cities Capital Funds and Mutual Capital Partners in support of its precision alignment technology that it says improves the accuracy of orthopedic surgery.
The American Joint Replacement Registry, the first national database keeping information on hip and knee replacements, released its inaugural report as part of a growing effort to track what have become almost common procedures in the U.S., but can result in expensive surgical repairs and costly legal action if they fail.