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Profits, sales up during Q2 for GE Healthcare
Profits and sales grew during the 2nd quarter for GE Healthcare (NYSE:GE), helping the industrial conglomerate beat Wall Street’s earnings forecast. GE Healthcare’s operating profits rose 11% to $782...
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Plaintiff’s $8m win in DePuy ASR hip trial survives Johnson & Johnson’s appeal
An $8 million plaintiff’s award in a product liability lawsuit brought over the DePuy ASR XL metal-on-metal hip implant made by Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics survived...
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India’s proposed stent pricing cap said to squash new product introductions
India’s move toward capping the price on coronary stents reportedly has medical device makers rethinking their strategies there and even shelving new product rollouts. “With price controls, margins of...
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Appeals court tosses $20m AngioScore win over TriReme Medical
A federal appeals court yesterday tossed AngioScore‘s $20 million win over TriReme Medical and a pair of related companies, ruling that the case never should have made it to the federal level. Just...
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Natus Medical shares dip on missed Q2 release
Natus Medical (NSDQ:BABY) saw shares fall over 2% yesterday after releasing 2nd quarter earnings that missed the mark on earnings per share and revenue. The Pleasanton, Calif.-based company reported...
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J&J’s Acclarent to pay $18m over off-label marketing charges
Johnson & Johnson (NYSE:JNJ) subsidiary Acclarent will pay $18 million to resolve allegations over false claims submitted to Medicare and other federal health care programs in relation to marketing...
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Prism Medical wins approval for shareholders meeting for sale to Handicare
Prism Medical said today it obtained an interim order from the Ontario Superior Court of Justice to allow for a special meeting of share holders to approve its acquisition by Handicare. The meeting is...
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Direct Flow raises $27 million
Direct Flow Medical raised raised $27.1 million in a new round of financing through the sales of select stock and warrants. Money in the round came from 11 anonymous investors, with the company looking...
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MassDevice.com +5 | The top 5 medtech stories for July 22, 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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Stealthy early-stage NVision Medical raises $6.5m
Stealthy NVision Medical raised $6.5 million in a new round of equity financing to support its ovarian cancer diagnostic device, according to an SEC filing. NVision is an early-stage medical device...
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Varian Medical names spun-off imaging biz as Varex Imaging
Varian Medical (NYSE:VAR) yesterday released the name for its planned imaging component spin-off, running under the moniker “Varex Imaging.” The spin off will be a new, stand-alone public company...
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Acclarent launches Relieva Scout multi-sinus dilator
Johnson & Johnson (NYSE:JNJ) subsidiary Acclarent said Wednesday it is launching the Relieva Scout multi-sinus dilation system in the U.S. The Relieva Scout is designed to use balloon sinuplasty...
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InfoBionic raises $8m
Digital health startup InfoBionic raised $8.2 million in a new round of equity financing, according to an SEC filing posted this week. InfoBionic produces the MoMe Kardia wireless remote cardiac...
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Health Canada clarifies performance targets, reports decline in MDL submissions
By Stewart Eisenhart, Emergo Group Health Canada’s intake of Medical Device License (MDL) applications has shown a slow but steady decrease in the regulator’s number of license approvals from 2011 to...
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FDA rejects Ocular Therapeutix’ Dextenza post-operative pain indication
Ocular Therapeutix (NSDQ:OCUL) said today it received a complete response letter from the FDA denying approval for its Dextenza for an indication for treating ocular pain occurring after ophthalmic...
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Medtronic launches VariLock plate system in China
Medtronic (NYSE:MDT) said today it is launching its VariLoc locking compression plate system designed for treating bone fractures in China and a select number of other countries. The VariLoc system is...
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Philips shares rise on Street-topping Q2
Royal Philips (NYSE:PHG) saw shares tick up today after reporting Street-topping profits for its 2nd quarter. The company reported profits of $431 million, or 46¢ per share, on sales of $5.9 billion...
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Novel AF cath developer Apama Medical raises $9m
Novel catheter ablation tech developer Apama Medical raised $9 million in a new round of equity financing, according to an SEC filing posted today. Apama Medical is developing novel ablation catheter...
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Zimmer Biomet initiates select recall of Persona Trabecular metal tibial...
Zimmer Biomet (NYSE:ZBH) said it is initiating a part-number specific recall of Persona Trabecular Metal tibial plate instruments and modular brackets. The company initially recalled its Persona...
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Bigfoot Biomedical launches artificial pancreas trial
Bigfoot Biomedical is launching a clinical trial of its Smartloop automated insulin delivery system at medical centers in California and Colorado. The Milpitas, Calif.-based company said it has...
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