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Posted in Medical Device Business by Nancy Crotti on January 8, 2015
Jan 9, 2015Posted in Medical Device Business by Nancy Crotti on January 8, 2015 The medical device tax is the issue that won’t go away. Elected officials and medical device companies began railing against Obamacare’s medical device tax ...
Tags: medical device tax, Health
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Smith&Nephew Plans to Close The Factory and Lay The Workers off by January 9
Nov 24, 2014Smith & Nephew plc has figuratively yanked the job-security bandage off 108 employees at its St. Petersburg, FL, wound-care plant. The company plans to close the factory and lay the workers off by January 9, according to a report in the ...
Tags: Job Cuts, Smith&Nephew, Health
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The Medical Device Tax Has Exported an Enormous Number of Jobs
Nov 13, 2014Pundits are again speculating about the future of the Affordable Care Act, more widely now referred to as Obamacare. Now that Republicans are poised to take over the Senate in January, while widening their control of the House, they are ...
Tags: Medical Device Tax, Medical Device
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The House of Representatives Has Passed a Bill
Sep 25, 2014Posted in Medical Device Business by Qmed Staff on September 23, 2014 The House of Representatives has passed a bill that would repeal the medical device tax. The repeal was included within H.R. 4: Jobs for America Act, which the website ...
Tags: House, Tax Repeal
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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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General Says IRS Needs to Do a Better Job Collecting Medical Device Excise Tax
Aug 25, 2014The U.S. Treasury Inspector General for Tax Administration says the IRS needs to do a better job collecting the medical device excise tax created under Obamacare. The inspector general looked at 5,107 Forms 720 from the first half of 2013 ...
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The World's Top 40 Medical Device Companies Enjoyed a Slight Gain in Stock Price
Mar 12, 2014The world's top 40 medical device companies overall have enjoyed a slight gain in stock price so far this year. But there are exceptions to the rule as well, with reasons ranging from Getinge AB's quality control issues to Terumo Corp.'s ...
Tags: Medical Device, Health, Medicine
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Sensing Applications Will Be a Key Growth Driver in The Coming Years
Feb 26, 2014Laser sales set to grow with recovering economies 10 Feb 2014 Seminar in San Francisco hears that sensing applications will be a key growth driver in the coming years. Lasers on show The global laser industry, strong in many areas ...
Tags: Lasers, 3D printing, Nogee, GDP
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Health Exchanges in Washington State and New York
Feb 14, 2014Today's headlines include progress reports on health exchanges in Washington state and New York as well as poll results on Virginia's Medicaid Expansion. Kaiser Health News: Insuring Your Health: Advocates Worry That Drug Company ...
Tags: Health&Medicine
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Dick Cheney Received a Heart Transplant in 2012.
Dec 20, 2013Earlier this month, Dick Cheney stated that the medical device tax may have killed him if it were in effect in the decades he struggled against heart disease. The former vice president received a heart transplant in 2012. Cheney is ...
Tags: medical device, tax, heart transplant
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The Budget Deal That Received Overwhelmingly Support From The House
Dec 16, 2013The budget deal that received overwhelmingly support from the House on Thursday includes language that would repeal the 2.3% medical device excise tax. In addition, the deal would give FDA access to user fees paid by the device industry in ...
Tags: FDA, medical reform, budget deal, device tax
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Angiodynamics Has Announced Its Intention to Cut as Many as 100 of Its Workers
Dec 6, 2013Minimally invasive medical device specialist Angiodynamics (Albany, NY) has announced its intention to cut as many as 100 of its workers, representing nearly 8% of its workforce of approximately 1330. The move is part of what the firm terms ...
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Most Major Public Medical Device Companies Have Fared Well
Nov 6, 2013Over the past year, most major public medical device companies have fared well, with a few hiccups here and there. That said, the device industry is confronting challenges such as a dip in elective surgery volume, a rise in recalls related ...
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House Lawmakers Plan to Hold a Three-Day Series of Hearings
Mar 18, 2013U.S. House lawmakers plan to hold a three-day series of hearings to determine how the U.S. Food and Drug Administration should regulate mobile health applications. The House Energy and Commerce Committee plans to begin the hearings ...
Tags: Computer Products, software
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Lasers & Photonics Marketplace Seminar Hears Cautious But Positive Forecasts
Feb 7, 2013Lasers & Photonics Marketplace Seminar hears cautious but positive forecasts. Growth in global sales of lasers and laser systems this year will range from flat to only a modest improvement of a few percentage points, according to ...