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Audit: Obamacare medical-device tax not meeting revenue target
By Associated Press | August 19, 2014
An Obamacare tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday.
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News
Despite noted revenue growth, Medtronic sees drop in profits
By Jaimy Lee | August 19, 2014 | Basic Web Basic Web Subscription Details
Medical devicemaker Medtronic reported a drop in profits even as the company enjoyed what CEO Omar Ishrak described as its “highest revenue growth performance in five years.” The Minneapolis-based company disclosed no new information about its pending deal to acquire Irish medical...
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Magazine
Devicemaker sales reps being replaced in the OR | Hospitals train staff to take over OR role of helping surgeons
By Jaimy Lee | August 16, 2014 | Print Magazine Print Magazine Subscription Details
To cut the price of orthopedic implants and curb the influence of manufacturers, some hospitals are training their own employees to provide technical assistance to operating room staff, displacing company sales representatives who have offered this service to surgeons for decades.
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News
Top Maryland health official heads to Johns Hopkins next year
By Paul Demko | July 31, 2014 | Basic Web Basic Web Subscription Details
Dr. Joshua Sharfstein is stepping down as Maryland's top health official to take a position with Johns Hopkins University.
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News
Becton Dickinson and Co. sees third-quarter net rise on strong surgical system demand
By Sabriya Rice | July 31, 2014 | Basic Web Basic Web Subscription Details
Becton, Dickinson and Co. on Thursday reported that its fiscal third-quarter net income rose 5.1% to $2.2 billion from $2.1 billion in the same period last year, surpassing analysts' projections.
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J&J withdraws fibroid treatment device from market
By Associated Press | July 30, 2014
Johnson & Johnson is asking surgeons not to use a line of devices for removing growths from the uterus amid regulators' growing concern that the electronic surgical tools raise the risk of spreading cancer to other parts of the body.
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News
NuVasive reports increased sales in three units, smaller losses for Q2
By Jaimy Lee | July 29, 2014 | Basic Web Basic Web Subscription Details
NuVasive, a San Diego-based manufacturer of devices used in minimally invasive spine surgeries, reported that three of its four business units saw double-digit U.S. revenue growth, leading to smaller losses than the company saw in the same quarter last year.
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News
Margin squeeze, legal expenses lead to lower Covidien earnings
By Jaimy Lee | July 25, 2014 | Basic Web Basic Web Subscription Details
Covidien, the Dublin-based surgical and medical-device supplier, reported that sales increased by 4% in the third quarter, but profits fell by 22%.
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Magazine
Tax reform fears driving Big Pharma mergers
By Beth Kutscher | July 19, 2014 | Print Magazine Print Magazine Subscription Details
The rumblings that corporate tax reform will close favorable loopholes for pharmaceutical and biotechnology companies are getting louder, fueling a rush of high-dollar cross-border deals.
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News
Stryker reports sales growth despite pricing pressure from hospitals
By Jaimy Lee | July 17, 2014 | Basic Web Basic Web Subscription Details
Stryker, a medical device manufacturer based in Kalamazoo, Mich., reported that U.S. sales rose 7.6% in the second quarter of 2014, but earnings growth was dampened by costs associated with acquisitions, research and product recalls.
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