Angiotech receives CE Mark approval of HemoStream(TM) Chronic Dialysis Catheter Aug 12, 2008
About Rex Medical, LP Rex Medical, LP, based in Conshohocken, PA, is a privately held medical device company specializing in developing, manufacturing and marketing of minimally invasive medical devices targeted towards the cardiovascular, venous access, endosurgery and oncology markets. About Angiotech Angiotech Pharmaceuticals, Inc. is a global specialty pharmaceutical and medical device company with over 1,500 dedicated employees. (Canada Newswire)
Walgreens unit to lay off 106 in Louisville Aug 12, 2008
CuraScript is one of the nation s largest providers of medications and medical devices for patients who have to have intravenous infusions of medications such as chemotherapy, anti-viral and immune deficiency drugs, Walgreens said in a news release. CuraScript Infusion Pharmacy had more than 250 employees before the layoffs, which were prompted by job redundancies, Carol Hively, a Walgreens spokeswoman, said in an e-mail. (Louisville Business First, KY)
November Election A Lawyer's Delight Aug 12, 2008
Congress is already mulling a bill that would overturn a recent U.S. Supreme Court ruling that made it almost impossible to sue manufacturers over Food and Drug Administration-approved medical devices, for example. "There's no way Obama is going to veto that," Copland said. (Forbes -- Business)
Action Products to buy B.E. Overseas Investment Group Aug 12, 2008
Orlando-based Action Products (Nasdaq: APII), known for its educational toys, is buying B.E. Overseas Investment Group in part because of its substantial ownership in , a distributor of medical devices and home health and wellness products. That ownership stake will be incorporated into Action Products' new subsidiary. (Orlando Business Journal)
Chemical industry uses deceptive tactics against toxics bill Aug 11, 2008
Polycarbonate plastics are widely used in water and infant bottles, medical devices and compact discs. Epoxy resins are used as a coating for food cans, bottle tops and water supply pipes. (San Francisco Chronicle -- Opinion)
Signalife Announces Intent to Withdraw From AMEX and Trade on the OTCBB Aug 9, 2008
Signalife uses its patented signal technology to design and develop medical devices, therapies and/or technologies that simplify and reduce the costs of cardiovascular disease ... Factors which could cause or contribute to such differences include, but are not limited to, failure to complete the development and introduction of heart monitoring and other biomedical devices incorporating the companies' technology procure market acceptance for these products, failure to obtain federal or state or... (PR Newswire)
LeMaitre Vascular Receives Notice of Noncompliance With Nasdaq Marketplace Rule Aug 9, 2008
LeMaitre Vascular develops, manufactures, and markets medical devices for the treatment of peripheral vascular disease. The company's principal executive offices are located at 63 Second Avenue, Burlington, Massachusetts 01803. (Primezone Releases)
Columbus: Medical device hub? Aug 8, 2008
It s usually easier with medical devices than other technology to explain to investors where the market is, because the patient demographics are known, said Jean Schelhorn, associate vice president who leads technology commercialization efforts. Show the improvements created by the new invention, she said, and you begin to get a valuation that you could take to the bank. (Columbus Business First, OH)
Former spacewalker floats in Aug 8, 2008
Harris still advises several NASA boards, but his main job is as CEO and managing partner of Vesalius Ventures, which invests in medical devices and technology. Running the Harris Foundation, which he founded, almost amounts to a second full-time job, he said. (Corvallis Gazette Times, OR)
Cancer Cures Created by Biology-Engineering Convergence With MIT `Genius' Aug 8, 2008
The wires, which are one ten-thousandth the width of a human hair, could provide power for implantable medical devices or for tiny, unmanned flying vehicles that measure air quality, she said. Check Your Ego. (Bloomberg)
High-tech connection: From Silicon Valley to Silicon Wadi Aug 7, 2008
st, an Israeli-Palestinian collaboration aiming to create a free online computer, to Nano Vibronix, a firm using ultrasound to develop disposable medical devices. And Behar invited so-called angel investors and venture-capital firms to the Hotel Intercontinental to come have a peek. (Palo Alto Online, CA)
Disclosure of Industry Payments to Physicians Aug 7, 2008
1,2 Within the next several years, the manufacturers of drugs, medical devices, and medical supplies that are paid for by Medicare, Medicaid, or the State Children's Health Insurance Program may be required to report publicly many of these gifts and payments; the information would be made available in a "clear and understandable" format on a searchable government Web site. Public reporting would be mandated by the Physician Payments Sunshine Act. (New England Journal of Medicine)
Earnings roundup Aug 6, 2008
27 billion on strong international results and better sales in the medical devices business ... At Covidien's medical devices business, revenue grew 15 percent, to $1. (Boston Globe)
Davis Vision, Inc. Board of Directors Names Steve Holden President Aug 6, 2008
He has also had experience in OD education, disease management, medical devices, home healthcare, and healthcare systems and services. "Given Steve's extensive industry experience, we know that Davis Vision is getting a seasoned executive with outstanding credentials and leadership skills," said HVHC president and chief executive officer, and Davis Vision chairman of the board David Holmberg. (PR Newswire)
SmarteSoft gets $2 million infusion through Central Texas Angel Network Aug 6, 2008
Launched in 2006, the Central Texas Angel Network has provided funding to 19 early-stage companies in categories ranging from financial services to medical devices. Reader Comments. (Austin Business Journal, TX)
Retail health clinics reopen Aug 6, 2008
The paramedics, who will work part-time shifts at the clinics in addition to their other duties with various emergency services agencies, will serve as the doctors hands, using medical devices to check vital signs or look into throats or ears. The physician on duty will be watching through a video link and will direct the paramedics through the treatment process. (Houston Business Journal, TX)
Ask Matt Krantz: Stocks Aug 6, 2008
As you probably already know, Medtronic is a leading maker of medical devices. That broad theme is interesting because it plays into the aging population. (USA Today -- Money)
Merit Medical to Present At the Noble Financial Equity Conference Aug 6, 2008
Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology and radiology. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 90 individuals. (Primezone Releases)
> Underpaid: Cameron, Kramp, Gorder Aug 5, 2008
Gorder leads Arden Hills-based , a designer and manufacturer of body-worn miniature and micro-miniature products (such as medical devices, hearing aids and electronics). IntriCon posted revenue growth of 33 percent in 2007 and an increase in income of 1. (Twin Cities Business Journal, MN)
Beware of too many megapixels in cameras Aug 4, 2008
The best part about HealthVault is that it can import data from personal medical devices, including weight scales and monitors for blood pressure, blood glucose, peak flow (for asthmatics) and heart rate. You simply connect the device to your PC with a USB cable and upload the data. (San Francisco Chronicle -- Technology)
Emotiv's New Mind-Control Headset for PCs Aug 4, 2008
But both startups say they're in touch with companies in other industries, including manufacturers of TVs, medical devices, and automobiles. I'm not ready to drive a car using one of these gizmos. (BusinessWeek)
Business Facilities ranks Ohio 4th strongest in biotechnology Aug 3, 2008
"The traditional focus of bioscience initiatives in drugs, medical devices, agricultural chemicals and testing labs now is being complemented by growth centers built around specific research targets like stem cells and biofuels.". For the report, Business Facilities used government statistics and a state Bioscience Initiatives Report prepared by the and Battelle, the Columbus-based nonprofit research and development organization. (Dayton Business Journal, OH)
Hytrek: Nephew hopes for memorial at uncle's WWII crash site Aug 2, 2008
where he's an engineering manager at a firm that makes medical devices. Yet Ponca is still part of the family. (Sioux City Journal, IO)
New Study of Los Angeles and Beverly Hills Breast Implant Patients Sheds Light on Safety Aug 2, 2008
"Prior generations of silicone implants have become some of the most studied medical devices ever created, and I am confident that the more favorable safety profile envisioned with cohesive silicone gel implants will be confirmed through subsequent studies.". Marina Plastic Surgery Associates () offers a high level of cosmetic care for women and men in Los Angeles, as well as patients from around the world who fly in for procedures. (Yahoo News -- Press Releases)
Abbott profit tops forecast; drugs, devices shine Aug 1, 2008
NEW YORK (Reuters) - Abbott Laboratories Inc (ABT.N) on Wednesday said second-quarter earnings jumped 34 percent, beating its expectations, fueled by sizzling sales growth of its prescription drugs and medical devices ... VACCO Industries, a FDA and ISO 9001: 2000 registered company, continues to lead the market place in supplying photo-etched Medical Devices for a wide array of applications ... Custom built high-speed automation equipment for all medical devices. (Yahoo News -- Pharmaceutical Industry News)
Minnesota exports increase in Q1 Aug 1, 2008
However, in the miscellaneous-products category, including medical devices, it exported only $438 million, down 26. 4 percent from the first quarter last year. (Twin Cities Business Journal, MN)
In China, low-end industries give way to high-tech Aug 1, 2008
Chinese firms are expanding into (or buying companies that work in) software and biotechnology, automobiles, medical devices and supercomputers. This year, a government-backed corporation even introduced its first commercial passenger jet, a move Beijing hopes will allow it to some day compete with Boeing and Airbus. (International Herald Tribune)
Versant Ventures closes $500M fund Aug 1, 2008
6 billion and 75 portfolio companies under management spanning biotechnology, pharmaceuticals, and medical devices. "We are proud to continue to partner with visionary entrepreneurs who are building companies that are transforming health care. An extraordinary number of unmet clinical needs remain in health care, and we look forward to continuing to be a springboard for these meaningful innovations," said Managing Director Brian Atwood. (San Jose Business Journal)
FirstHealth Mobile Adding EKG Screenings Aug 1, 2008
Check how well implanted medical devices, such as pacemakers, are working to maintain normal heartbeats. Check the health of the heart when other diseases or conditions, such as high blood pressure or diabetes, are present. (The Pilot Newspaper)
OpGen moves HQ to Maryland Aug 1, 2008
The move coincides with funding this month from investor Evan Jones, former CEO of who started jVen Ventures last year to inject up to $3 million into companies involved in medical devices or genetic diagnostic products. Jones also invested in Spokane, Wash. (Washington Business Journal, DC)
Lorillard Tobacco Company Voices Disappointment with House Passage of Bill Which Grants the FDA Regulatory Authority Over Tobacco Jul 31, 2008
Last week, HHS Secretary Michael Leavitt echoed those concerns when he wrote, "The regulatory obligations created by [the FDA] bill would be a significant added responsibility for the Food and Drug Administration and one that is inconsistent with FDA's mission of ensuring food safety and the safety and effectiveness of drugs, biologics, and medical devices." The Company noted that some advocates have characterized this legislation as an important tool to reduce youth smoking. Lorillard firmly... (PR Newswire)
Bioheart, Inc. Announces Financial Results for Second Quarter 2008 Jul 31, 2008
"Recently, we acquired the distribution rights to a cardiac monitoring device that will complement the potentially groundbreaking biologic therapies that we are developing," said Howard Leonhardt, Chairman and Chief Executive Officer of Bioheart, Inc. "We believe that this leading-edge device will help to accelerate our efforts to transition from a development stage research company to a fully operating product marketing company." Mr. Leonhardt continued, "My background in the scientific... (PR Newswire)
ERIC KUHN: We've gambled a bit; now make safer bets Jul 31, 2008
Along the Interstate 91 artery there is a string of companies that make the medical devices that are constantly being invented. That sounds useful, and as though it won't go out of style. (New Britain Herald, CT)
House bill sets more limits on tobacco; heads to Senate Jul 31, 2008
The bill gives the FDA another "significant" responsibility and one "inconsistent" with its mission of ensuring the safety of food, drugs and medical devices, Health and Human Services Secretary Michael Leavitt said in a letter to House Republicans. "Tobacco products cannot be made safe," and FDA regulation could mislead the public to think they are, Leavitt wrote. (USA Today)
VNUS Revises Upward Full-Year 2008 Net Income Guidance Jul 30, 2008
ABOUT VNUS MEDICAL TECHNOLOGIES, INC. VNUS is a leading provider of medical devices for the minimally invasive treatment of venous reflux, a progressive condition caused by incompetent vein valves in the leg. VNUS sells the Closure system, which consists of a proprietary radiofrequency (RF) generator and proprietary disposable endovenous catheters and devices to treat diseased veins through the application of temperature-controlled RF energy. (PR Newswire)
Cardiac Science says Q2 revenue sets a record at $52 million Jul 30, 2008
which makes medical devices such as automated external defibrillators (AEDs), said second-quarter revenues rose to a record $52. 1 million from $44. (Puget Sound Business Journal, WA)
The rise of China's Communism 3.0 Jul 30, 2008
Chinese firms are expanding into (or buying companies that work in) software, biotechnology, automobiles, medical devices and supercomputers. Earlier this year, a government-backed corporation even rolled out its first commercial passenger jet, a move Beijing hopes will allow it to some day compete with Boeing and Airbus. (International Herald Tribune -- Business)
Vnus Medical swings to $9.3M Q2 profit Jul 30, 2008
San Jose-based Vnus (NASDAQ:VNUS), a provider of medical devices for minimally invasive treatment of venous disease, reported an 85 percent jump in revenue to $31. 9 million compared with $17. (San Jose Business Journal)
Echo Therapeutics Announces Positive Results of a Clinical Study of its Symphony(TM) Transdermal Continuous Glucose Monitoring System in Patients with Type 1 and Type 2 Diabetes Jul 29, 2008
Echo Therapeutics is focused on transdermal medical devices and specialty pharmaceuticals. Echo is developing a non-invasive, wireless, transdermal continuous glucose monitoring (tCGM) system for diabetics and for use in hospital critical care units, together with a wide range of novel transdermal reformulations of FDA-approved products. (Canada Newswire)
SenoRx to Present At the 28th Annual Canaccord Adams Global Growth Conference Jul 29, 2008
SenoRx (NasdaqGM: - ) develops, manufactures and sells minimally invasive medical devices used by breast care specialists for the diagnosis and treatment of breast cancer, including its EnCor(r) vacuum-assisted breast biopsy system and Contura MLB catheter for delivering radiation to the tissue surrounding the lumpectomy cavity following surgery for breast cancer. SenoRx's field sales organization serves over 1,000 breast diagnostic and treatment centers in the United States and Canada. (Primezone Releases)
CAS Medical Systems, Inc. Announces Installation of 100th FORE-SIGHT Cerebral Oximeter and Commercial Launch of Neonatal/Infant Sensors Jul 29, 2008
CAS Medical Systems, Inc. manufactures medical devices for non-invasive patient monitoring. The Company's newest innovative product is the FORE-SIGHT(r) Absolute Cerebral Oximeter -- the only cerebral oximeter with FDA clearance for non-invasive, continuous measurement of absolute cerebral tissue oxygen saturation for neonates, infants, children and adults. (Primezone Releases)
Portable medical apps challenge low-power quest Jul 29, 2008
In the design of portable medical devices, especially those that are DSP-intensive, a designer faces a number of challenges. Typically, devices must be light in weight, small in form factor and high in performance. (EETimes)
Answers on Aging Jul 28, 2008
We're working on interfaces like this in many areas, from kitchen appliances to medical devices. Cars will also help people drive longer. (Boston Globe)
Shimmering Ferroelectric Domains Jul 27, 2008
(June 18, 1999) Purdue University research into computer-related technology has yielded unexpected results that could lead to better oxygen sensors for car exhaust systems and medical devices. (May 11, 2006) Imagine having computer memory so dense that a cubic centimeter contains 12. (Science Daily)
Blunt meets with Monsanto-Seminis in the Netherlands Jul 27, 2008
4 million to the Missouri Life Sciences Trust Fund, which will support research in agriculture, animal science, plant science, medical devices, health, biomaterials and composite research, drug-development nanotechnology. The , a nonprofit, nonpartisan statewide organization formed to promote the state's economic development initiatives, sponsored Blunt's. (St. Louis Business Journal, MO)
Moog earnings up 22% Jul 25, 2008
Also, the components segment posted sales of $87 million, a 20 percent increase and the medical devices segment had sales of $28 million, up 27 percent year-over-year. The company revised its guidance for the year ending in September with revenues now forecast at $1. (Buffalo Business First, NY)
New Suits Over Recalled Drugs May Target China Jul 24, 2008
Jeffrey Killino, a partner at Philadelphia's who filed a heparin suit against Covidien Ltd., a supplier of medical devices and drugs, primarily handles cases involving defective tires and toys made in China. He said he anticipates jurors to be more receptive to the heparin cases than they were to previous pharmaceutical lawsuits. (Law.com)
Utah Medical Products, Inc. Reports Financial Performance for Second Quarter 2008 Jul 24, 2008
Utah Medical Products, Inc., with particular interest in health care for women and their babies, develops, manufactures, assembles and markets a broad range of disposable and reusable specialty medical devices designed for better health outcomes for patients and their care-providers. For more information about Utah Medical Products, Inc., visit UTMD's website at. (Primezone Releases)
STMicroelectronics Reports 2008 Second Quarter and First Half Revenues and Earnings Jul 23, 2008
Industrial and Multi-Segment Product Highlights -- In 32-bit microcontrollers, ST increased the scalability and peripheral options of its breakthrough 32-bit STM32 Cortex(TM)-M3 MCU family with devices providing up to 512 Kbytes of on-chip Flash, larger SRAM and extra features for displays, sound, storage and advanced control, and multiple power-saving modes for optimal performance in industrial equipment, building-services controllers, medical devices and computer peripherals. In 8-bit MCUs, ST... (PR Newswire)
Russ Heimerich Jul 23, 2008
The National Institutes of Health has awarded the Vesticon $5 million in Small Business Innovation and Research grants since 2003 for the research and development work that supported creation of the Epley Omniax and the company's other medical devices under development. Lazar's first order of business is raising additional investor funding and meeting sales demand from medical practitioners for the Epley Omniax. (Portland Business Journal, OR)
BodyTel's Blood Glucose Monitoring and Diabetes Management System, GlucoTel, Passes TNO Tests Jul 23, 2008
TNO is an independent group founded in 1932 that, among other things, thoroughly tests and inspects medical devices. ADVERTISEMENT. (Primezone Releases)
TI overhauls lineup with 15 low-power processors Jul 23, 2008
The C550x DSPs are intended for the most power-sensitive applications, including portable medical devices, noise reduction headphones, and portable audio/music recording devices. The C550x features a large on-chip memory as well as an FFT/FIR filter coprocessor the first such coprocessor TI has offered. (EETimes)
Health care startups raise less money in first half of 2008 Jul 22, 2008
The midwest's largest industry sector was medical devices which garnered $197 million, followed by biopharmaceuticals which accounted for $169 million. Nationally, investments in the life sciences sector dropped 14 percent from the first quarter, with $1. (Pittsburgh Business Times, PA)
Medical products firm launches CCSU scholarship Jul 22, 2008
Covidien's product line includes medical devices, imaging solutions, pharmaceuticals and a variety of medical supplies. Serving hospitals, long-term and alternate care facilities, doctors' offices and individual patients, Covidien's brands are used worldwide. (New Britain Herald, CT)
My Healthy Access, NuPhysicia to operate superstore telemedicine clinics Jul 22, 2008
The paramedic serves as the hands of the physician, who uses medical devices such as an electronic stethoscope to listen to the heart, or other scopes that can see down the throat or in the ears, and the physician sees and hears everything live and in real time, said Glenn G. Hammack, president of NuPhysicia. The physician performs the exam as if he or she was in the room with the patient. (Houston Business Journal, TX)
Acclaris, Inc. Jul 22, 2008
The life sciences sector, which includes both biotechnology and medical devices, declined 14 percent. At the same time, the clean technology sector that is comprised of companies focused on alternate energy, pollution and recycling, and power supplies and conservation, reached an all-time quarterly high of $883. (Tampa Bay Business Journal, FL)
Government to ensure stiffer laws in combating counterfeiting and piracy Jul 22, 2008
"We can no longer ignore this activity whereby certain unscrupulous individuals and criminal gangs produce counterfeit medicines and medical devices which risk the lives of people, or as in the reported case in China a few years ago involving dummy milk formula for babies in which several children died." President Kufuor urged the meeting to make appropriate recommendations to government on policies and strategies to curb counterfeiting and piracy and develop strategies to overcome the major... (Ghana Web, Ghana)
Ga. Tech students help Alabama farm plan its expansion Jul 20, 2008
Urban, a manager for medical devices company Spectranetics, first heard about the Harmans while making a visit to East Alabama Medical Center where Megan's mother, Rita, works. Every student signed on to help after he pitched the idea to his class. (Atlanta Journal-Constitution -- Metro)
Cleland uninvited from Obama event Jul 20, 2008
Last July, Cleland became a lobbyist for Tissue Regeneration Technologies, a Cherokee County company that develops and makes medical devices for military personnel wounded in Iraq and Afghanistan. Cleland was asked not to come to a July 7 Atlanta fund-raiser because Obama would be there. (Atlanta Journal-Constitution)
DeBakey Buried At Arlington National Cemetery Jul 20, 2008
As a young boy, DeBakey devoured a set of the Encyclopedia Britannica, and he grew into a cardiovascular surgeon who invented so many medical devices, procedures, tools and concepts that he became an encyclopedia entry himself. DeBakey pioneered such now-common procedures as the heart bypass, helped bring about open-heart surgery, developed artificial hearts and pumps and created more than 70 surgical instruments. (Click2Houston, TX)
U.S. Venture Capital Investment Drops 12% from 2007 Highs with $6.64 Billion Invested in 2Q08 Jul 19, 2008
"Considering the amount of time and capital it takes VCs to build a successful life science company, there may be a hesitation to continue investing in these companies given our current IPO market conditions." The data showed that the majority of the health care industry's investment decline in the second quarter was contained in the medical devices sector, which saw just 60 deals completed and $798 million invested, a 25% drop-off from the $1. 06 billion invested in 72 deals during the same... (PR Newswire)
Value of deals drops in 2nd Q Venture capitalists invested 58% less Jul 19, 2008
Other sectors that got funding were financial services, medical devices and equipment, media and entertainment ... The life sciences sector, with biotechnology and medical devices combined, saw a 14 percent drop in venture capital investing in the second quarter with $1. (New Haven Register, CT)
Neovasc Inc. Appoints GendeLLindheim BioCom Partners as Agency of Record Jul 19, 2008
Neovasc Inc. (formerly Medical Ventures Corp.) develops, manufactures and markets medical devices for the rapidly growing vascular and surgical marketplace. The company's current products help doctors diagnose and treat a wide range of health conditions, including vascular diseases and obesity. (CCNMatthews Press Releases)
Dr. Michael DeBakey laid to rest at Arlington National Cemetery Jul 19, 2008
As a young boy, DeBakey devoured an Encyclopedia Brittanica set and then invented so many medical devices, procedures, tools and concepts that he became an encyclopedia entry himself. DeBakey viewed death as a personal enemy, presiding Chaplain Harry Rauch III said Friday. (KHOU.com, TX)
Venture capital investments fall 28% Jul 19, 2008
As usual, venture funding for biotechnology, medical devices and other life sciences companies accounted for the biggest share, about $151 million, or 41 percent of the total funds invested. Five of San Diego's top 10 investments were for life sciences companies. (San Diego Union-Tribune -- Business)
