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Franklin Electric Appoints Chief Administrative Officer and General Counsel
Sep 23, 2016Franklin Electric Co Inc has named Jonathan Grandon as chief administrative officer and general counsel. In his new role, Grandon will be responsible for Franklin Electric’s legal and human resource functions and will also play an ...
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Boston Scientific Boosting Endoscopy Tech
Apr 7, 2015Marlborough, MA–based medical device company seeks to lead Endoscopic Ultrasound business with Xlumena purchase. Boston Scientific is spending an initial $62.5 million to acquire San Diego–based Xlumena and its Endoscopic ...
Tags: Xlumena purchase, delivery system, Medicine
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Medtronic Clearing Its Final Hurdle to Complete Its $48 Billion Merger with Covidien
Jan 28, 2015Medtronic as of Monday expected to complete its $48 billion merger with Covidien—after clearing its final hurdle with the Irish High Court's sanctioning of the deal. Bloomberg dubbed the merger the biggest inversion ever, while ...
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J&J's Fourth-Quarter Medical Device Sales Fell by 4.7%, to $6.6 Billion
Jan 26, 2015Johnson & Johnson’s fourth-quarter medical device sales fell by 4.7%, to $6.6 billion, with the biggest drop (7.7%) in the U.S., the company announced this week. Total fourth-quarter sales were down 0.6% year-over-year, to $18.3 ...
Tags: Medical Device Business, Health
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The Impact of Foreign Currency Held Down Sales Growth in The Fourth Quarter Ended January
Jan 16, 2015Posted in Medical Device Business by Nancy Crotti on January 14, 2015 As the U.S. dollar strengthens amid global economic uncertainty, travelers aren’t the only ones affected. Major medtech companies including St. Jude Medical and ...
Tags: Medical Device, Health
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A New Medtronic Based Created in Ireland
Jan 14, 2015Posted in Medical Device Business by Chris Newmarker on January 12, 2015 The Irish High Court has agreed to hold a hearing January 26 to decide on the proposed $48 billion merger between Medtronic and Covidien, according to a Monday ...
Tags: Medical Device Business, U.S.tax, Health
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Posted in Medical Device Business by Brian Buntz on January 8, 2015
Jan 9, 2015Posted in Medical Device Business by Brian Buntz on January 8, 2015 Pete Nicholas, who co-founded Boston Scientific with John Abele in 1979, has announced that he intends to resign from the firm’s board of directors in 2017. ...
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Five Companies with The Most Stock Price Growth Over 2014
Dec 15, 2014Posted in Medical Device Business by Chris Newmarker on December 11, 2014 2014 has turned out to be a pretty decent year for the world’s 40 largest medical device companies: Only six of them have seen their stock prices decline, and ...
Tags: Medical Device, Health
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Puritan Bennett 980 Ventilator Has Been Recalled for Potential Software Issues
Nov 10, 2014Covidien described its new Puritan Bennett 980 ventilator as “simple, safe, and smart” when it won regulatory approval in the U.S. and Europe in early 2014. But half a year later, it is now the subject of a Class I-level recall ...
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China to Be 2ND Largest Medical Technology Market
Nov 2, 2014China will become the world's second-largest medical technology market with a value of $55 billion by 2020, The Boston Consulting Group said in a report released on Wednesday. The medtech market, including instruments and equipment, ...
Tags: medical technology, medical device
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Thoratec Has Replaced CEO with The Man Who Previously LED The Company for a Decade
Sep 30, 2014Thoratec Corp. has replaced CEO Gary Burbach with the man who previously led the company for a decade. New president and CEO Keith Grossman served in those roles at the Pleasanton, CA–based company from 1996 to 2006, when Burbach ...
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Four Companies Turned Things Around After Facing Rough Starts in Early 2014
Sep 23, 2014This year is proving to be a pretty good year for many medtech companies. The majority of the largest 40 have seen their stock prices rise by double-digit percentages in 2014, according to a Qmed analysis. Meanwhile, only eight have seen ...
Tags: Medtech Companies, Medical device
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SIMTEC Announced a New Production Partnership with a Global Healthcare Leader.
Feb 28, 2014SIMTEC Silicone Parts, a custom manufacturer of Liquid Silicone Rubber (LSR) parts and high-precision LSR 2-Shot components, has announced a new production partnership with a global healthcare leader. SIMTEC will begin production in 2014 ...
Tags: new production partnership, LSR component program, infrastructure
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Nephros and Bellco Signs an Amendment to Their Existing License Agreement
Feb 27, 2014Nephros, a commercial stage medical device company that develops and sells high performance liquid purification ultrafilters and Bellco, an Italy-based company focused on Dialysis and Extracorporeal Blood Purification, have signed an ...
Tags: medical device, Nephros, Bellco
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Smith & Nephew Acquired The U.S. Medical Device Company ArthroCare
Feb 14, 2014Smith & Nephew plc (London) announced on February 3 the "execution of a definitive agreement" to acquire the U.S. medical device company ArthroCare Corp. (Austin, TX) for a cash price of $48.25 per ArthroCare share, a total of about $1.7 ...
Tags: Sports Medicine
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