Boston Scientific to acquire Apama Medical in deal worth up to $300m

Boston Scientific (NYSE:BSX) said today it inked a deal worth up to $300 million to acquire Apama Medical and its radiofrequency balloon catheter system designed to treat atrial fibrillation. The deal includes an initial $175 million in cash up-front from Marlborough, Mass.-based Boston Scientific and an additional $125 million in contingent payments between 2018 and 2020 based on […]

Integra LifeSciences completes purchase of J&J’s Codman Neurosurgery

Integra LifeSciences (Nasdaq: IART) has completed its previously announced $1.045 billion purchase of Johnson & Johnson’s Codman Neurosurgery business, the companies announced today. “The addition of Codman Neurosurgery expands our global leadership position by creating one of the broadest medical device portfolios in the neurosurgery market,” Peter Arduini, Integra’s president and CEO, said in a […]

Mellon Medical raises nearly $7 million for suturing tech

Dutch suturing tech company Mellon Medical said today that it has raised €6 million (equivalent to about $6.6 million) to advance its Switch instrument. Mellon Medical officials boast that their Switch single use precision-suturing instrument enables surgeons to suture tubular and layered structures about twice as fast as conventional methods. Reduced clamp time for many cardiovascular procedures […]

Could their be a bipartisan Obamacare fix?

Republican efforts to repeal and replace the Affordable Care Act appear to be dead – at least for now. But two U.S. senators may soon unveil a bipartisan proposal to make modest healthcare fixes. Sen. Lamar Alexander (R-Tenn.), chairman of the Senate Health, Education, Labor, and Pensions Committee, and Sen. Patty Murray (D-Wash.), the committee’s ranking […]

Cardinal Health, Hamilton Medical, Zoll Medical score DoD contracts

Cardinal Health (NYSE: CAH) will receive $29.2 million under a new U.S. Department of Defense contract, with Hamilton Medical and Zoll Medical also securing contracts in the tens of millions of dollars. Cardinal Health’s contract win, announced Sept. 29, comes nearly eight months after Dublin, Ohio–based Cardinal Health secured a $2.25 billion surgical supplies contract […]

NN acquires DRT Medical

NN announced that it has acquired DRT Medical from DRT Holdings. The financial details of the deal were not disclosed. NN is an industrial company that has advanced engineering and production capabilities to design and manufacture high-precision components and assemblies for a number of markets across the globe. The company has 36 facilities across North […]

Abbott’s $5B acquisition of Alere set to close tomorrow

Abbott (NYSE:ABT) said today it is looking to close its $5 billion acquisition of Alere (NYSE:ALR) tomorrow, saying it has received all regulatory clearances necessary. The Abbott Park, Ill.-based company said the acquisition will establish it as a “global leader in point of care testing,” which it sees as the fastest growing segment of the $50 billion in vitro […]

Saudi regulators reportedly exempt some Class I medical devices from registration

By Stewart Eisenhart, Emergo Group Regulators at the Saudi Food and Drug Authority (SFDA) may soon exempt some Class I medical devices from registration requirements according to Emergo sources in Riyadh. Get the full story here at the Emergo Group’s blog. The opinions expressed in this blog post are the author’s only and do not […]

Tom Price is out as HHS secretary

Tom Price has resigned from his post as U.S. health and human services secretary after days of fending off criticism over chartered flights he took on the public dime. The announcement today out of the White House said Don J. Wright – presently assistant secretary for health and director of the Office of Disease Prevention and Health […]

7 medtech stories we missed this week: Sept. 29, 2017

[Image from unsplash.com] From EOI getting FDA clearance to Sanuwave’s new joint venture agreement, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. EOI wins FDA nod for FLXfit15 expandable cage EOI announced in a Sept. 28 press release that it has received FDA 510(k) clearance for its FLXfit […]