As many companies continue to downsize in Michigan, two subsidiaries of Japan-based Terumo Corp. are expanding in a town near Ann Arbor called Scio Township. Terumo Cardiovascular Systems and Terumo Heart Inc. have created nearly 150 new jobs in the area last year and could be moving some of its manufacturing and R...
March 30th, 2009
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In what looks to be a trend-setting action, Medtronic Inc. led the funding effort for a developer of catheter-based devices used to treat hypertension. On Monday, the medical technology giant raised $47 million for Ardian Inc. (Palo Alto, CA). Other participants included Advanced Technology Ventures, which has an office in Palo Alto, Morgenthaler Ventures and Split Rock Partners, which have offices in Menlo Park, and a new investor, Portola Valley-based Emergent Medical Partners. The clinical-stage medical...
March 24th, 2009
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Spinal cord stimulation could be a way to achieve normal movement in Parkinson's patients. In an article in Friday's issue of the journal Science, researchers explain their method of epidural electrical stimulation in the doral columns and how it restores motion in dopamine-depleted mice. During the treatment, the dopamine-depleted rodents had electrodes implanted on their spinal cords. Three seconds after the electrical stimulation started, the mice were able to move normally. The Duke University researchers hope their approach could become a more-efficient and less-invasive way to treat Parkinson's disease.
March 23rd, 2009
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Engel injection molding machineA ribbon-cutting ceremony took place yesterday at Engel North America's new technical center in Corona, CA. Engel manufactures injection molding machines for thermoplastics and elastomers. The technical center is designed to offer support to Engel's customers in the western part of the United States, as well as in Mexico. "The West Coast market is very diverse in general, with more demanding molding applications than we see with the rest of the country," explains Stephan Braig, president and CEO Engel North America (York, PA)....
March 18th, 2009
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A Purdue University (West Lafayette, IN) researcher has created magnetic nanoscopic probes that can locate tumors and attach to cancer cells. This would not only help doctors find tumors, but it could also aid them in better treatment of the cancer. The probes, which have antibodies, have the potential to carry drugs to treat cancerous cells. Developed by Joseph Irudayaraj, the probes use both gold nanorods and magnetic particles so that they can be more easily tracked via imaging devices during their trek to cancer cells. A magnetic resonance imaging (MRI) machine can follow the magnetic particles, even as they go deeper into tissue, and microscopy can be used to track the gold nanorods. The Herceptin-loaded probes would be injected into the body through a saline buffering fluid. They're able to bind to a cancer cell that expresses a protein marker that is complementary to Herceptin,...
March 17th, 2009
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With spring approaching, perhaps it is fitting that the latest bumper crop seems to be biotech incubation centers. This week alone, two such facilities have seen high activity. The North Carolina Biotechnology Center will invest $2.5 million in a new organization intended to advance development of the state’s medical device and technology industry. The grant covers four years. The facility, called the Advanced Medical Technology Center of Innovation, is not intended as a traditional building. Rather, says a press release, it will be built around innovative people at North Carolina hospitals and research institutions. It will increase access to mentors, licensors, and service providers. In addition, Translational Accelerator LLC or TRAC, has invested $1.5 million in SalutarisMD, a Tucson-based...
March 17th, 2009
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U.S. District Judge Richard Kyle, who dismissed hundreds of lawsuits filed against Medtronic Inc., said Monday that he won't step aside. Calls for the judge to recuse himself came when its was brought to light that his son works for a Minneapolis law firm that does extensive legal work for the medical technology company. Kyle explained that his son works on criminal defense cases and "does not now represent, and has never previously represented, Medtronic." The firm, Fredrikson & Byron, performs only corporate work for Medtronic.
March 10th, 2009
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Users can share their electronic medical records on Google Health with family members, friends, and doctors in their care network. While the new feature is raising privacy concerns among some, other members are seeing the advantages of having knowledge about family members and what medications are being taken, for example, during cases of emergency. The feature called "share this profile" only lets a chosen person view the record, not alter it. Some Google safeguards include a sharing link via email with a 30-day expiration date, and the patient can look at a user activity report to see who has viewed his or her profile.
March 9th, 2009
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Investors will be looking closely at the medtech industry for a number of reasons. According to Matthew Clawson, a partner at investor relations firm Allen...
March 6th, 2009
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Magnetic resonance imaging (MRI) has become incredibly sophisticated. The newest technologies, such as machines from Siemens boast 3T field strength and total imaging matrix. The problem is that not every healthcare facility has the latest and greatest MRI system. If you've ever had an MRI that came back inconclusive, chance are that's because the imaging center uses an old machine. And there is little incentive for imaging centers to upgrade, says a recent article in the New York Times. Because of the extreme cost of MRI technology, many MRIs in use today are 10 years old. Furthermore, reimbursement for an image on an old machine is the same as it is on a new...
March 3rd, 2009
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