Devices Roar Into The Next Decade

Ali Setoudeh June 19, 2019 No Comments

Devices Roar Into The Next Decade

Medical device investments skyrocketed in 2018, and these trends are continuing into 2019. The activity now will influence healthcare for the next decade. This year, the medical device and diagnostic industry saw record-breaking increases in the investment scene. As noted by Silicon Valley Bank’s (SVB) analysis, Trends in Healthcare Investments and Exits 2019, investing in […]

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Boston Scientific closes $465m Vertiflex buy

Ali Setoudeh June 17, 2019 No Comments

Boston Scientific closes $465m Vertiflex buy

Boston Scientific (NYSE:BSX) said yesterday that it closed the $465 million buyout of spinal implant maker Vertiflex. The deal, announced last month, includes commercial milestones spaced out over three years. Carlsbad, Calif.-based Vertiflex makes the Superion decompression device for treating lumbar spinal stenosis, which won pre-market approval from the FDA in May 2015. ||FYI For […]

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Dassault Systemes to acquire Medidata for $5.8B

Ali Setoudeh June 15, 2019 No Comments

Dassault Systemes to acquire Medidata for $5.8B

French tech company Dassault Systèmes said today it will purchase health tech firm Medidata Solutions (NSDQ:MDSO) in an all-cash transaction for $5.8 billion on an enterprise value basis or $92.25 per share, slightly lower than yesterday’s closing price of $94.75. The transaction was unanimously approved by the boards of directors of both companies. Dassault Systèmes […]

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FDA approves new MR-safe hearing device from Cochlear

Ali Setoudeh June 13, 2019 No Comments

FDA approves new MR-safe hearing device from Cochlear

Cochlear Ltd. (ASX:COH) today announced that it received FDA approval for its Cochlear Nucleus cochlear implant and its Nucleus 7 sound processor. The Nucleus Profile Plus implant is designed for safe use in MRI scans and offer easier access to 1.5 and 3.0 Tesla MRI scans without having to remove its internal magnet or use […]

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Gel-e gains breakthrough device nod for internal bleeding control device

Ali Setoudeh June 10, 2019 No Comments

Gel-e gains breakthrough device nod for internal bleeding control device

Wound-care startup Gel-e said today that it has won FDA breakthrough status designation for its first internal-use flowable device. The College Park, Md.-based company’s first product, Life Foam, is an expanding, injectable hemostat designed to rapidly provide temporary control of bleeding from non-compressible abdominal wounds that are not suited to tourniquet application in trauma and […]

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Report: GE is shopping its ventures arm

Ali Setoudeh June 5, 2019 No Comments

Report: GE is shopping its ventures arm

General Electric (NYSE:GE) is reportedly shopping its venture capital portfolio as it looks to rein in its debts in a multi-year turnaround. GE Ventures, founded in 2013, backs more than 100 start-ups across the healthcare, tech and energy sectors. It’s been seeking suitors for several months among other venture shops and limited partner groups that […]

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Tekni-Plex buys three healthcare packaging plants

Ali Setoudeh June 2, 2019 No Comments

Tekni-Plex buys three healthcare packaging plants

Tekni-Plex recently announced that it has completed its purchase of three manufacturing facilities from Amcor’s Flexible Packaging business unit. The facilities are in Madison and Milwaukee, Wis., and Ashland, Mass., and provide sterilizable medical device packaging substrates including coated and uncoated Tyvek, heat-seal and cold-seal coated paper and films, medical grade laminates and die-cut lids […]

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Zoll acquires TherOx

Ali Setoudeh May 27, 2019 No Comments

Zoll acquires TherOx

Zoll Medical said today that it acquired TherOx and its acute myocardial infarction treatment. TherOx’s Super Saturated Oxygen Therapy system delivers a 60-minute infusion of the patient’s super-oxygenated blood to a targeted ischemic area of the heart via a small catheter. The treatment is designed to improve micro vascular flow and reduce infarct size following […]

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