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GI Dynamics plans 30% workforce cut by end of June
GI Dynamics (ASX:GID) said today that it plans to reduce its workforce by approximately 30% as part of restructuring efforts as it tries to extend its “cash runway.” The Lexington, Mass.-based company...
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DJO sees losses continue to grow in Q1
DJO Global saw losses continue to grow in the 1st quarter even as revenue swelled, according to newly reported quarterly earnings. DJO Global reported losses of $38.1 million on sales of $278.9 million...
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Unilife shareholders pull trigger on 1-for-10 reverse split
Unilife (NSDQ:UNIS) said yesterday its board voted in favor of a 1-for-10 reverse stock split, set to take effect on Friday, May 13. The vote was made at a special meeting of stockholders held...
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B. Braun challenges ECRI Institute infusion pump ratings
B. Braun Medical today challenged infusion pump ratings out of the ECRI Institute after its Infusomat Space 2nd-generation large volume pump was given a 2-out-of-5 star rating. The Bethlehem,...
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Senseonics wins CE Mark for implantable CGM system
Senseonics (OTC:SENH) said today it won CE Mark approval in the European Union for its Eversense continuous glucose monitoring system. The Eversense system includes an implanted glucose sensor designed...
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Smartphone Diagnoses: Evaluating eye misalignment through smartphone pictures
New smartphone-based diagnostic tools are enabling consumers to take their temperatures, diagnose simple skin conditions and much more. As advanced smartphone imaging puts more and more capabilities in...
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TransEnterix shelves SurgiBot after FDA denial, turns to ALF-X
TransEnterix (NYSE:TRXC) is shelving its SurgiBot robot-assisted surgery platform and focusing on the ALF-X platform it acquired last year. Stock prices for the Research Triangle Park, N.C.-based...
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Appeals court upholds Medtronic’s win in patent spat with doc inventor
A federal appeals court yesterday upheld a win for Medtronic (NYSE:MDT) in a patent dispute over its CoreValve aortic valve replacement with inventor Dr. Troy Norred, according to legal filings. The...
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WinMed looks to license or sell VariSoft guidewire
WinMed is looking for a buyer for the VariSoft guidewire developed by founder & CEO Ed Winters, inking a deal with medical device incubator Hatch Medical to broker the sale or licensing of the...
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Lungpacer Medical hits the FDA fast track with phrenic nerve pacer
Lungpacer Medical said it won an expedited access pathway designation from the FDA for the diaphragm pacing system it’s developing to treat patients who can’t be weaned from mechanical ventilation. The...
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Ex-banker’s father avoids jail time in insider trading case
The father of a former investment banker with JP Morgan and Perella Weinberg Partners accused of insider trading avoided jail after pleading guilty to the charges last year. Federal prosecutors accused...
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Medtronic sponsors sculpture outside Vikings stadium
Medtronic (NYSE:MDT) said today it is contributing a contemporary art sculpture to be placed in Medtronic Plaza outside the Minnesota Vikings’ U.S. Bank Stadium. The 25 foot tall, 107 foot long statue,...
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Hologic launches new MyoSure Reach device
Hologic (NSDQ:HOLX) said today it is launching the MyoSure Reach device, designed to manage hard-to-Reach uterine pathology to access the upper third of the uterine cavity. The addition is an expansion...
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NeuSpera raises $8m for injectable neuromod devices
NeuSpera Medical said yesterday it raised $8 million in a new round of equity financing to support its injectable neuromodulation devices. NeuSpera, formerly known as Vivonda Medical, is developing...
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Biotronik launches Orsiro drug-eluting stent trial
Biotronik said today it enrolled the 1st patient in its BiostemI trial looking to compare the safety and efficacy of its Orsiro hybrid drug-eluting stent with Abbott‘s (NYSE:ABT) Xience Xpedition in...
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MassDevice.com +5 | The top 5 medtech stories for May 11, 2016
Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s...
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Adhesys inks licensing deal for surgical adhesive
German surgical adhesive company Adhesys Medical said today it inked a supply agreement deal with the Grünenthal Group which gives the group exclusive distribution rights for Ahesys’ topical skin...
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Medtronic patent exec Ruschke nominated to lead PTAB | Personnel Moves May...
Medtronic patent exec Ruschke nominated to lead PTAB Former Medtronic (NYSE:MDT) patent executive David Ruschke has been appointed as the new Chief Judge for the Patent Trial and Appeal Board. Rushke...
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InVivo adds 20th clinical site to Inspire study
InVivo Therapeutics (NSDQ:NVIV) said today it added Philadelphia’s Hospital of the University of Pennsylvania as a site in the Inspire study of its neuro-spinal scaffold, bringing the total number of...
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Merging medicine and theater: Training ‘on location’
Pediatric medicine just took a step for the better in Boston’s Longwood Medical Area with a new, expanded pediatric Simulation (SIM) Center — a dedicated space where doctors, nurses and other staff can...
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