News

J&J confirms $1.9B sale of Cordis unit to Cardinal Health, ending months of speculation

After months of speculation, Johnson & Johnson, the world's biggest maker of healthcare products, put the rumors to rest by confirming the sale of its Cordis vascular device unit to Cardinal Health for $1.9 billion. The deal is expected to be completed by the end of the year.

UPDATED: FDA approves Actavis intrauterine device to prevent pregnancy

Actavis announced FDA approval of its drug delivering intrauterine device, Liletta, as a form of reversible contraception.

Startup Akili partners with nonprofit Autism Speaks to test video game

Akili Interactive Labs has partnered with the nonprofit Autism Speaks to conduct a clinical trial of its cognitive assessment and personalized treatment video game.

St. Jude settles 70 suits related to Riata defibrillator leads for $14.25 million

St. Jude Medical agreed to pay as much as $14.25 million to settle about 950 claims related to its Riata defibrillator leads. The wires used to shock a heart that is beating abnormally degraded in as few as four years and were pulled from the market in 2010. 

More lawsuits planned as infected endoscope safety scare grows

The duodenoscope safety saga is growing ever more dramatic. The infected endoscopes for visualization of the bile and pancreatic duct have left dead patients in their wake, since at least 1987, it turns out. Are duodenoscopes this year's equivalent of power morcellators? Attorney Peter Kaufman plans four to six additional lawsuits against duodenoscope manufacturer Olympus, including three wrongful death suits related to an outbreak of the antibiotic-resistant "superbug" known as CRE.

J&J launches wellness platform with DePuy pain reduction program

Johnson & Johnson has launched a health and wellness platform that's slated to function across all its businesses. The pan-corporate initiative launched with an example from its orthopedics player DePuy Synthes--the Patient Athlete program to help joint replacement patients better manage pain reduction before and after surgery.

UnitedHealth to require prior authorization for gynecological procedures amid morcellator pushback

Amid growing backlash over the use of laparoscopic power morcellator devices in minimally invasive gynecological procedures, the U.S.'s largest health insurer is tightening its reins on coverage for hysterectomies.

Nikon to buy optical imaging player Optos for $400M in med tech expansion bid

Nikon will acquire the Optos Group for £259.3 million ($400 million) as part of its long-term plan to expand into the medical sector. Last June, the long-suffering camera giant restructured and unveiled a plan to establish itself again as a growth company--part of that is to leverage its optical technologies to expand into the medical industry.

Device for remote, autonomous Parkinson's management being tested in Europe

Portuguese researchers are developing and testing a smart, portable system to manage Parkinson's disease in real time. The so-called Rempark system has been tested on more than 50 volunteers from Spain, Italy, Ireland and Israel, reports Medical Xpress. Unlike previous studies, these outpatients lived at home and used the device in real-world conditions.

Google Ventures funds tablet for the elderly

Entrepreneur Keith Kocho is designing a smart tablet specifically for the elderly. He's been given $1 million from Google Ventures and Atlas Venture to work on the project.

Boston Scientific launches upgraded endoscope, says it will reduce repeat procedures

Boston Scientific touted its new cleared endoscopic SpyGlass DS Direct Visualization System enabling direct visualization of the biliary tree and pancreatic ducts. With the FDA's 510(k) clearance now in hand, the device can hit the market.

DexCom profitable for the first time, completes FDA submission for smartphone glucose monitor

Continuous glucose monitor company DexCom turned a profit for the first time during the fourth quarter of last year. It also said it completed its FDA submission for its first direct-access smartphone CGM, the G5, which transmits data directly to a smartphone and from the phone to a secure system.

Illumina accelerator gets $40M cash infusion from hedge fund Viking Global

Illumina has revealed a new fund structure to back startup graduates from its accelerator that launched early last year. Dubbed Illumina Accelerator Boost Capital, the fund has secured an initial $40 million capital commitment from Viking Global Investors.

Indian diagnostics company Thyrocare aims for $100M IPO

Indian diagnostics company Thyrocare, which touts itself as "the world's largest thyroid testing laboratory," is planning an IPO on the Indian stock market by the end of June with hopes of raising $85 to $100 million.

Wall Street endorses Cyberonics, Sorin $3B merger to become neuromodulation, cardiac surgery player

Neuromodulation company Cyberonics and cardiovascular device player Sorin in an all-stock deal that now values the combination at $3 billion.

FDA warns manufacturer of failing to report corrections to its device disinfection system

The FDA has issued a stern warning to infection control specialist Cenorin, advising the company to correct violations such as failing to notify the FDA of a correction sent to users of its medical device disinfection system.

Olympus slapped with suits from UCLA superbug patients over endoscope devices

Less than a week after the FDA warned healthcare providers that endoscopes' design could make them more difficult to clean, contributing to the spread of drug-resistant bacteria, Olympus is facing the first patient suit over the devices stemming from a "superbug" outbreak at the UCLA Health System in California.

Second Sight bionic eye viral video showcases restored patient vision

Allen Zderad lost his vision, but due to a bionic eye implant from a clinical trial, he regained the ability to see human forms and outlines of objects. The implant sends light wave signals to the optic nerve, compensating for a damaged retina.

In a medical first, three patients receive prosthetic hands in place of disabled ones

Imagine having your disabled hand replaced with a functional prosthetic one. It's a reality, The Lancet pronounced, at least for three Austrian men who suffered from injuries to the network of nerves that originate in the neck and control movement from the shoulder down to the hand.

Former medical equipment company exec pleads guilty to $5M in fraudulent Medicare claims

The former owner, president and manager of Miami, FL-based Quick Solutions Medical Supplies, Angel Mirabal, has pleaded guilty to healthcare fraud charges, according to a statement from the U.S. Department of Justice.