News

Corporate strategic investment in digital health at all-time high

Corporate, or "strategic," investors are busy making digital health investments in smaller companies as they seek to fortify their presence in that important space. So far 2014 boasts about 70 deals worth $800 million, easily exceeding last year's total. Deal volume is nearly double that of 2012.

Siemens sells hearing aid biz for $2.7B amid rumors it will exit healthcare entirely

In another sign Siemens is pivoting away from healthcare and towards the energy industry, the German conglomerate announced the sale of its hearing aid business for $2.69 billion to private equity firm EQT Partners and Santo Holding, the investment company of Germany's Strüngmann family.

Covidien earnings up 39%, R&D spending at all-time high amid Medtronic merger prep

Covidien CEO José Almeida said during the company's fiscal Q4 earnings call that the company's looming megamerger with Medtronic will give the combined entity "a voice at the table" due to its volume in some of the most purchased devices in the world.

Dexcom snags FDA approval for next-gen artificial pancreas tech for blood glucose monitoring system

As med tech outfits race to develop innovative, noninvasive technology for diabetes monitoring, Dexcom snagged FDA approval for a new artificial pancreas algorithm for its continuous glucose monitoring device.

Stryker agrees to pay $1.43B to settle recalled hip implant lawsuits

Stryker has agreed to shell out at least $4.38 billion to settle more than 4,000 lawsuits alleging the medical device giant sold faulty metal hip implants that hurt patients. 

Dozens of lawsuits filed in growing counterfeit spinal screw implant scandal

More than two dozen lawsuits related to the distribution and use of counterfeit spinal screws and hardware implanted in patients were filed Friday in Los Angeles Superior Court, claiming a former hospital executive and his business partners were in on the conspiracy.

CMS eliminates exemption in Sunshine Act

The Centers for Medicare & Medicaid Services recently finalized a change toughening the transparency promoting the Sunshine Act, designed to collection information on pharma and med tech payments made to doctors.

Government report says medical device tax will not deter innovation

The Republican takeover of the Senate means the chances of a repeal of the medical device tax are improved, but the Congressional Research Service just gave supporters of the tax ammunition. This week it released to the public a report claiming the medical device tax will only result in a 0.2% decrease in device industry jobs and output.

Medtronic in high spirits over positive study results for drug-coated balloon

Medtronic is celebrating positive study results for its drug-coated balloon device for peripheral artery disease, days after Covidien announced that it would sell off its own drug-coated balloon to clear the way for the companies' pending merger.

Government watchdog promises to monitor device cybersecurity, reimbursement in FY 2015

The watchdog agency of the Department of Health and Human Services promised to crackdown on defective medical devices and cybersecurity in hospitals in its recently released agenda for fiscal year 2015. 

Former Boston Scientific engineer charged with intellectual theft

A former Boston Scientific engineer has been indicted by a federal grand jury for stealing documents from the giant device maker that he allegedly planned to use to set up a manufacturing business in Vietnam and market the products in the U.S. and elsewhere under a new name.

Cantel Medical buys Italian healthcare manufacturer for $24.5M

Cantel Medical has picked up Italian healthcare manufacturing company International Medical Service S.r.l. (IMS) for €19.6 ($24.5 million), making it the second major acquisition for the New Jersey-based maker of infection prevention and control systems in the past four months.

Maryland provides seed financing to 15 med tech startups

Maryland's Technology Development Corp. is dishing out funds for startups and early stage digital health companies. Overall, 15 med tech companies received a total of $1.5 million.

Integra LifeSciences to spin off its spine biz

Integra LifeSciences provided the reorganization-of-the-day today as the industry shakeup continues amid continuing med tech merger mania. The Plainsboro, NJ, company announced plans to spin off its spine business into a new publicly traded company dubbed SeaSpine focused on selling spinal implants and orthobiologics.

Covidien gets FDA nod for directional artherectomy system for peripheral artery disease

Covidien won FDA 510(k) clearance for its directional atherectomy devices for peripheral artery disease, a notch in the company's belt as it anticipates the close of its pending $43 billion deal with Medtronic.

Spinoff Halyard Health gets boost from Ebola fears, stock up modestly in market debut

Kimberly-Clark spinoff Halyard Health, and its suite of protective gear, is a beneficiary of the Ebola fears striking West Africa and the U.S. airwaves. The stock is up a little more than a dollar since Monday's IPO, and stands at $38.72 on the New York Stock Exchange prior to market open today.

Blood loss app developer Gauss Surgical raises $1.5M in equity sale

Gauss Surgical, maker of a real-time monitor app for blood loss during surgery, raised $1.5 million by selling equity in the company. The total offering could go as high as $2 million, according to a SEC filing.

ReShape finally reveals pivotal obesity data ahead of FDA review

ReShape Medical said about a year ago that it had positive U.S. pivotal obesity data for its ReShape Integrated Dual Balloon. Now it has offered a glimpse of that data for the first time, ahead of an FDA review that's expected to come during the first half of 2015.

Propel(x): Bringing due diligence to deep-tech startup crowdfunding

When the Jumpstart Our Business Startups (JOBS) Act became law, no one was quite sure what, if anything, it would do in practice to encourage the financing of innovative companies. One firm is plowing ahead into this uncharted territory, aiming to push beyond the often consumer-oriented efforts of major crowdfunding sites like Kickstarter and Indiegogo.

Cloud-based concussion monitoring mouth guard under development

Medical device startup Force Impact Technologies designed a mouthguard that can provide real-time alerts on concussions during high-impact activities to coaches and medical professionals.