Business
Advisory Panels Schedule for Remainder of 2010
Several FDA advisory committees are meeting before the year is out to discuss and make recommendations on a variety of products and issues. The meetings concerning medical devices are listed below: RADIOLOGICAL DEVICES PANEL OF THE MEDICAL DEVICES ADVISORY COMMITTEE DATE: Sept...
Forwarding my medical education thanks to Micro
  Little by little, I’m learning about the medical device industry. With my EE background, I’m finding that it’s not as hard as I expected to pick up the terminology. While I don’t expect to be performing surgery any time soon, neither are the readers of...
The MedTech Group Acquires with Advanced Polymers
The MedTech Group (South Plainfield, NJ), has closed its merger with Advanced Polymers, which spedicalizes in heat-shrink tubing, balloon making, and catheter design. Advanced Polymers joins design specialists at TDC Medical in The MedTech Group’s integrated family of...
EXCMR's $2.8 Million Moves It Closer to Product Launch
EXCMR Ltd., an early-stage company based in Columbus, Ohio, is receiving $2.8 million in grants to help accelerate further development of its hydraulic treadmill.  The Ohio Third Frontier Medical Imaging  Program awarded the company $1.4 million for its project, called the...
Acquisitions This Week
Johnson & Johnson announced this week that it would acquire device firm Micrus Endovascular for $480 million. Micrus, which is based in San Jose, CA, specializes in devices used to treat strokes and aneurysms. The acquired company earned $91 million in revenue for its...
J&J Picks Up Micrus Endovascular
J&J (New Brunswick, NJ) has added stroke and aneurysm treatments to its product portfolio with the acquisition of San Jose-based Micrus Endovascular. The company will pay $480 million for Micrus. Both companies approved the deal, which now will await shareholder approval....
Merit Medical Creates Luck for the Irish
Merit Medical is creating 100 new jobs in Galway, Ireland, (a hub for medical device activity) as part of its plant expansion. The company, which manufactures guidewires and inflation devices, has had a presence in Galway since 1994. Ireland's minister for enterprise, trade,...
Strategic Whitepapers + a Chance to Win an IPOD
In a tough economy, it’s more important than ever to find ways to do your job more efficiently, effectively, and—most importantly—more profitably. The challenge is finding the time or the money to further your knowledge. Canon Communications has joined forces with...
AdvaMed Spends for Medtech Industry
According to financial filings, AdvaMed spent $385,000 in the first quarter of 2010 lobbying Congress on behalf of the medtech industry. The organization's efforts were spurred by several significant issues. The first is healthcare reform, which dominated headlines for months....
Covidien to Acquire Somanetics Corp.
Dublin-based Covidien announced on its Web site that it has signed a merger agreement with Somanetics Corp. (Troy, MI). Under the agreement, Covidien will acquire all outstanding shares of Somanetics for a total of $250 million, net of cash acquired. Somanetics makes cerebal and...