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7 medtech stories we missed this week: March 31, 2017
[Image from unsplash.com]This week we saw a few FDA 510(k) clearances and one of the 1st uses of a next-generation surgical robot in Asia. Here are 7 medtech stories we missed this week but thought...
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Pavmed files for $23m private placement
Pavmed (NSDQ:PAVMU) registered for an upcoming private placement, looking to raise approximately $23.4 million, according to an SEC filing posted this week. The New York-based company will look to...
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Bio2 Medical raises $1.5m, looking for $6.5m more
Bio2 Medical raised $1.5 million in a new round of debt and option financing, according to an SEC filing posted this week. Money in the round came from 1 unnamed investor, with the date of the sale...
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EpiPen manufacturer expands recall to U.S.
Mylan (NSDQ:MYL) said last week that its manufacturing partner, Meridian Medical Technologies, expanded an EpiPen recall to include the U.S. and other markets. The move comes 1 week after Mylan...
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Medtronic’s infusion pump problems delay United’s Remosynch launch until 2018
Shares in United Therapeutics (NSDQ:UTHR) fell -7% this morning to $126.17 apiece after the company said that the U.S. commercial launch of Remosynch, Medtronic‘s (NYSE:MDT) implantable infusion pump...
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BD launches surgical infection control and prevention program
Becton Dickinson & Co. (NYSE:BDX) said today it is launching the Power in Prevention program which aims to reduce risks of infection during surgical procedures. The Power in Prevention program...
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Novocure touts long-term data for Optune, chemo combination therapy for...
Shares in Novocure (NSDQ:NVCR) jumped nearly 50% today after the company touted 5-year data today from the Phase III pivotal EF-14 trial evaluating its Optune device with temozolomide chemotherapy for...
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Report: Looming NAFTA reforms, new border taxes threaten Mexican & US med...
The Trump administration’s threats to alter trade deals and add taxes to imports could affect a booming medical device business in Mexico, which imports a significant amount of products to the US,...
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Sanofi boasts observational hypoglycemia rates for Toujeo insulin injection
Sanofi (NYSE:SNY) touted real-world clinical data for its Toujeo insulin glargine injection from a new observational study. The data from Deliver 2 showed that patients with Type II diabetes who...
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Lombard, MicroPort finalize strategic partnership
Lombard Medical Technologies (NSDQ:EVAR) said today it finalized a strategic partnership deal with MicroPort Scientific. Through the partnership, MicroPort will manufacture certain components for...
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UPDATE: Apax inks $397m deal to acquire Syneron Medical
UPDATE: Updated to include newly obtained information on the deal from Syneron Medical Syneron (NSDQ:ELOS) said today it inked an agreement to be acquired by private equity fund Apax Partners for...
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ReWalk Robotics slides on Barclays downgrade
Shares in ReWalk Robotics (NSDQ:RWLK) are off nearly 4% today after an analyst with Barclays downgraded the stock, citing “lack of tangible progress” and increased competition from other players in the...
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Nelipak acquires Computer Designs
[Image courtesy of Nelipak]Nelipak said today that it has closed on its buy of thermoforming company Computer Designs (Whitehall, Pa.), which Nelipak will operate under the Nelipak Healthcare Packaging...
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Nico wins CE Mark for BrainPath
Nico Corp said today it won CE Mark approval in the European Union for its BrainPath neurosurgery access device. The BrainPath system uses a shunt and specially designed instrumentation to give...
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Chinese backers put $18m into Bionic Vision Technologies
A pair of Chinese backers put $18 million into Bionic Vision Technologies and its retinal implant for blindness, the Australian company said today. Hong Kong-based China Huarong International Holdings...
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LivaNova ticks up on affirmed outlook
LivaNova (NSDQ:LIVN) shares are up today after the medical device company affirmed its outlook for the rest of the year. London-based LivaNova, formed by the $3 billion merger of Sorin Group and...
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Cantel Medical closes CR Kennedy endoscopy assets buy
Cantel Medical (NYSE:CMN) said today it closed its buy of endoscopy business assets from Australian distributor CR Kennedy. The assets picked up by Little Falls, N.J.-based Cantel include its...
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Researchers mimic bee venom strategy to help drugs get past blood-brain barrier
Photo courtesy of Gailhampshire Researchers from the Institute for Research in Biomedicine in Barcelona, Spain said yesterday that they have shown in preclinical tests that a bee-venom peptide, apamin,...
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Watershed acquires 3D printer Additive Innovations
Medical device incubator Watershed said it paid an unspecified amount to acquire 3D printer Additive Innovations. The new company, operating under the Watershed umbrella, named Additive Innovations...
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Senseonics draws 3rd $5m tranche for implantable CGM
Senseonics (NYSE:SENS) said last month that it drew the 3rd installment of $5 million under its term loan facility with Oxford Finance and Silicon Valley Bank. The 3rd tranche, which closed on March 29...
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