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Devicemakers news and information

News
Government should back money-saving medical devices, drug development: study
By Steven Ross Johnson | April 22, 2014 | Basic Web Basic Web Subscription Details
Government should promote the development of new medical devices and medications that provide more value and so help reduce overall healthcare costs, according to a new study funded by the RAND Corp.
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News
Medtronic appeals heart-valve device ruling
By Sabriya Rice | April 15, 2014 | Basic Web Basic Web Subscription Details
Medtronic has appealed a ruling by a federal judge which restricts use of the company's new heart valve device to a limited number of U.S. patients. Although the judge indicated that the Medtronic device is safer and has better outcomes than that of its competitor, Edwards Lifesciences, a...
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Sales of da Vinci robotic systems continue to fall amid lower surgical volumes
By Beth Kutscher | April 09, 2014 | Basic Web Basic Web Subscription Details
Intuitive Surgical, the Sunnyvale, Calif., developer of the da Vinci robotic surgical system, is bracing investors for a 24% decline in revenue as fewer hospitals invest in its flagship product.
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Information
Med-tech firms share founder, top exec, but march on different paths
By Minneapolis Star Tribune | April 07, 2014
Minnesota medical technology companies Acist Medical Systems and HLT share the same founder and chief scientific officer, Dr. Robert F. Wilson. And they have the same president and chief operating officer, Tom Morizio. They were even “adopted” by the same Italian parent company, Bracco.
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News
Don't expand Medicare bidding program, CMS told
By Virgil Dickson | April 04, 2014 | Basic Web Basic Web Subscription Details
Devicemakers and lawmakers are asking the CMS to not move forward with plans to expand Medicare's competitive bidding program for durable medical equipment, an initiative that both the government and advocates say can reduce costs by billions without cutting access to equipment for beneficiaries.
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Information
The devicemakers' shortcut
By New York Times | April 01, 2014
A new paper by Harvard researchers, using records only recently made available by the Food and Drug Administration, explains how faulty cardiac devices that were recalled a few years ago got onto the market, shedding light on a little-known process used by manufacturers to alter medical devices...
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News
Revealing industry payments to docs could spur legislation on conflicts: experts
By Joe Carlson | March 31, 2014 | Basic Web Basic Web Subscription Details
The public will learn for the first time this fall exactly how much their doctors are paid by the drug companies and devicemakers whose products they use. But don't expect it to be the end of the inquiry.
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News
J&J accepts $4 billion offer to sell Ortho-Clinical Diagnostics
By Beth Kutscher | March 31, 2014 | Basic Web Basic Web Subscription Details
Johnson & Johnson, the pharmaceutical and medical-device giant, has accepted a $4 billion offer from the Carlyle Group to acquire its Ortho-Clinical Diagnostics business.
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News
Fewer deaths seen in nonsurgical aortic valve replacement
By Steven Ross Johnson | March 31, 2014 | Basic Web Basic Web Subscription Details
Clinical trials of a nonsurgical method of aortic valve replacement showed fewer deaths over a one-year span versus valve implantation through surgery in high-risk patients with severe cases of aortic stenosis.
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News
Stryker completes $120 million purchase of Patient Safety Technologies
By Rachel Landen | March 25, 2014 | Basic Web Basic Web Subscription Details
Kalamazoo, Mich.-based medical technology company Stryker Corp. has completed its $120 million acquisition of Patient Safety Technologies, which it originally announced Dec. 31, 2013.
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