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Medtronic Spends $4.4 Million Settling Country-of-Origin Lawsuit
Apr 7, 2015Medtronic made no admission of guilt in the settlement with the U.S. Department of Justice, which claimed Medtronic misled the military about the origin of its medical devices. Chris Newmarker Medtronic will pay $4.4 million to settle a ...
Tags: Chris Newmarker, medtech giant, Medicine
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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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Tornier Could Be Delayed and Wright Turn Into One
Feb 5, 2015Not so fast, Wright and Tornier. U.S. regulatory agencies want a few matters cleared up before deciding whether to approve the proposed $3.3 billion merger of U.S. bone-implant maker Wright Medical Group Inc. with Dutch orthopedic ...
Tags: orthopedic device, medical device
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The Reason Why Medtronic's Move Has Been So Unfortunate
Jan 30, 2015Posted in Medical Device Business by Chris Newmarker and Brian Buntz on January 28, 2015 Medtronic is expected to enjoy lower corporate taxes now that it has moved its official headquarters from the U.S. to Ireland through its merger with ...
Tags: credit rating, Health
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Nevro's Stock up More Than 20% From Where It Was Late Last Week
Jan 28, 2015The Nevro Senza, as shown in a video on the company's website. Nevro’s stock is now up more than 20% from where it was late last week, after the Menlo Park, CA–based company said that the FDA has deemed the PMA for its spinal ...
Tags: spinal pain-killing device, Health
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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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Nearly Half of All Phase III Pharmaceutical Clinical Trials Fail
Jan 14, 2015Nearly half of all Phase III pharmaceutical clinical trials fail, partly because data about patient adherence is hard to come by. That’s according to computer giant Oracle (ORCL), which has teamed with and ingestible sensor ...
Tags: self-reporting, lab tests, 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 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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Shareholders of Medtronic and Covidien to Create a New Medtronic Based in Ireland
Jan 8, 2015Posted in Medical Device Business by Nancy Crotti on January 6, 2015 Shareholders of Medtronic and Covidien on Tuesday overwhelmingly approved the companies’ multibillion-dollar merger, which will create a new Medtronic based in ...
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Medtronic and Covidien Shareholders Decide Whether to Approve Merger of The Two Companies
Jan 7, 2015A four-member subcommittee of the Minnesota State Board of Investment has decided not to cast votes when Medtronic and Covidien shareholders decide Tuesday on whether to approve a multibillion-dollar billion merger of the two companies, ...
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Using Stent-Retrieving Device Can Significantly Help Patients Recover From Stroke
Dec 22, 2014Scientists have discovered that using a stent-retrieving device to remove blood clots from the brain can significantly help patients recover from stroke. According to The New York Times, the technology may be a game changer for patients ...
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Allergan Fought off Hostile Takeover Attempt by Valeant Pharmaceuticals for Past 8 Months
Dec 17, 2014Posted in Medical Device Business by Nancy Crotti on December 15, 2014 Just when you thought they couldn’t get more widespread or expensive, the medical device mergers-and-acquisitions of 2014 continue to astound. Allergan ...
Tags: DNA sequencing market, lab products, Health
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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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