Medtronic has bought endoscopic diagnostic player Crospon, the target company's CEO announced via LinkedIn and Twitter. Official details have not been released, but some media reports put the deal value at around $45 million.
Medical Device Business
Stryker has agreed to acquire Entellus Medical for about $662 million, a deal that would enhance the company's ear, nose, and throat device portfolio.
Just before the market closed on Wednesday, Edwards Lifesciences said it had acquired Harpoon Medical for $100 million, plus up to $150 million in pre-specified milestone payments over the next decade.
Five people who once worked at the hedge fund said Sam Isaly harassed female employees for years, according to an investigative report released this week. Though Isaly denied the allegations, OrbiMed said it has retained an independent law firm to investigate the matter, and called the incidents cited "concerning."
LivaNova has agreed to pony up $225 million to acquire ImThera Medical, less than a month after ditching the cardiac rhythm management business.
The CEO of Mazor Robotics is the subject of an insider trading probe in connection to a May 2016 deal with Medtronic, according to a report by an Israeli newspaper.
Two Roche units that filed a lawsuit earlier this year accusing several pharmacies and medical suppliers exploiting price differences of diabetes test strips sold under two different types of insurance plans have dismissed one of those suppliers from the case.
Boston Scientific pushed back its timelines for re-introducing the Lotus Edge aortic valve system in Europe and the filing of a final pre-market approval module with FDA.
Just like a palm tree stands its ground through the most devastating of storms, Medtronic's resiliency shined through after a quarter filled with natural disasters.
The Invest in Innovative Small Businesses Act would create a tax credit for investments in high-tech businesses, including pre-revenue medtech and diagnostics startups, and could be attached to Republican tax bills moving through Congress.
Globus Medical filed a lawsuit against Stryker and a former Globus engineer over alleged trade secret theft.
It's easy to get caught up in the doom and gloom, but in the spirit of the U.S. Thanksgiving holiday, this week we recognize the trends and events that the industry can be thankful for.
If you have an idea for a medtech innovation but are having a hard time getting investors or upper management to hear you out, follow these tips.
LivaNova plans to divest its cardiac rhythm management business to MicroPort for $190 million in cash.