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Philips Healthcare suspends production operations at Ohio facility
By Chuck Soder, Crain's Cleveland Business | April 23, 2014
Philips Healthcare temporarily has suspended production operations at its medical imaging facility in Highland Heights, Ohio, while it works to improve its quality control processes.
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Da Vinci surgical robot sales slide; revenue, earnings drop in Q1
By Jaimy Lee | April 22, 2014 | Basic Web Basic Web Subscription Details
Sales of da Vinci surgical robots continued to decline in the first quarter of this year, in part due to fewer gynecologic procedures being performed and overall lower procedure growth in the U.S., the company noted in announcing its first-quarter earnings Tuesday.
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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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FDA warns of risks with fibroid removal procedure
By Associated Press | April 17, 2014
The Food and Drug Administration is warning women that a device-assisted procedure for treating fibroids could inadvertently spread cancer from the uterus to other parts of the body.
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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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BlackBerry joins Soon-Shiong in healthcare venture
By Reuters | April 15, 2014
BlackBerry, seeking to cut dependence on its declining phone unit, will invest in a healthcare technology firm run by billionaire Dr. Patrick Soon-Shiong. NantHealth, a division of Soon-Shiong's information technology development company, NantWorks, will work with BlackBerry on ways to connect...
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Magazine
Proton-beam centers sprout despite evidence drought
By Jaimy Lee | April 12, 2014 | Print Magazine Print Magazine Subscription Details
Widespread construction of expensive proton-beam therapy centers is galloping ahead, despite warnings from insurers and policy experts who decry the lack of evidence proving that the costly treatment produces better outcomes in prostate cancer patients, its most frequent use.
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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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News
Blue Cross, DaVita team up on Tandigm Health in Philadelphia
By Jaimy Lee | April 08, 2014 | Basic Web Basic Web Subscription Details
A new joint venture between Independence Blue Cross and DaVita HealthCare Partners aims to improve primary care and lower costs in Philadelphia by providing data, resources and financial incentives to doctors to help them take better care of patients with chronic diseases.
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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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