Companies in India's diamond-cutting district in Surat, Gujurat, are applying their knowledge of lasers to create something else: stents.
One area in which the "Make in India" government effort may need to highlight further is the stents used by the nation's hospitals. Nearly half were made at home last year.
The FDA has cleared the first system to reduce stroke risk that introduces a stent via the neck. The device, the Enroute Transcarotid Neuroprotection System from startup Silk Road, is expected to offer an option for patients whose vasculature is too convoluted to introduce a stent via the femoral artery in the groin.
Lombard Medical, the U.K.-based medical device maker, reported global sales of its Aorfix stent were 104% higher in the first quarter compared to the same period last year while its losses widened due to the expansion of its business, the company said in its first earnings report since going public.
Stentmaker Lombard Medical has set the range for its pending U.S. IPO, aiming to raise $60 million with the sale of 3.6 million shares priced between $15 and $18.
Abbott announced on Friday that its Supera Peripheral Stent System has got the FDA's approval to treat blocked blood vessels in the upper leg caused by peripheral artery disease.
OrbusNeich has enrolled its first patient in a two-country proof-of-concept study for its innovative dual-therapy stent.
Boston Scientific nabbed a new CE mark that allows one of its esophageal stents to be used to treat narrowing of the esophagus caused by benign scar tissue--another win as the company seeks to restore steady revenue expansion after a years-long slump.
The FDA has approved Xlumena's AXIOS stent to treat pseudocysts of the pancreas. In its press release announcing the approval, the FDA noted the stent is the first anastomotic device specifically designed to drain a pancreatic pseudocyst.
Medtronic won two more peripheral artery disease treatment options in the U.S. for its Complete self-expanding vascular stent. The FDA signoff on expanded indications is an important step to reach more patients as rivals nip at its heels.