Siemens Healthcare CEO says restructured unit is 'hungry' for M&A deals
Siemens Healthcare is "hungry" for acquisitions as it seeks to recover from cost-cutting and company-wide layoffs of more than 7,000 as a separate company within the conglomerate.
Beleaguered Toshiba eyes Fujifilm for sale of medical device biz: WSJ
Battle-weary Toshiba is barreling toward the finish line in a sale of its medical device unit, and fellow Japanese devicemaker Fujifilm could emerge the winner in a potential $6 billion deal.
J&J Depuy does a pair of deals, one to treat disc degeneration and another for bundled payments
Johnson & Johnson's orthopedic arm, Depuy Synthes, has detailed a pair of deals aimed at preparing for its future of that segment. One, with Israeli med tech Rainbow Medical, is slated to develop a treatment for degenerative disc disease (DDD) that could delay or even reverse the degenerative process. The news comes shortly after J&J disclosed a massive medical device business restructuring in January that would slash 3,000 jobs and save the company $1 billion.
Medtronic's disappointing earnings highlight challenge posed by currency headwinds
Bloomberg Intelligence estimated last year that the stronger dollar will cut U.S. medical device company earnings by an average of 6%. And with fears of another renminbi devaluation, a rise in U.S. interest rates and global "currency wars," the problem could get worse.
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Zimmer partners with orthobiologics startup to sell its fracture, bone-void products
Zimmer Biomet has made an exclusive global distribution agreement with recently formed upstart CelgenTek Innovations to distribute its fracture fixation system and a bone-void filler. The CelgenTek N-Force Fixation System enables the injection of either Zimmer's N-Force Blue Bone Substitute Material, which is marketed in the U.S., or CelgenTek's iN3 Cement that is sold in the EU.
Stryker receives FDA clearance for 3-D printed spinal fusion implant
Stryker announced FDA clearance of the 3-D printed Tritanium PL Posterior Lumbar Cage, marking another step in its strategy to deploy the new additive manufacturing technology to create new products and earn incremental revenue growth.
Open-science nonprofit trots out promising data from study of iPhone app for Parkinson's
Open-science nonprofit Sage Bionetworks has released promising data from a study of its iPhone app for Parkinson's. The news is a feather in the organization's cap as it forges ahead with its technology and fleshes out the system to help researchers develop better insights into the disease.
Google gets in on Zika R&D with $1M grant to UNICEF
With the number of Zika cases on the rise, health experts are calling for more tools that can identify the virus sooner. Now Google is getting in on the effort, donating $1 million to emergency relief organization UNICEF to help create new diagnostics for Zika and map the virus' spread.
Study: Fitness devices useful in orthopedic surgery--could offer means to placate CMS
The Centers for Medicare & Medicaid Services is implementing an ambitious requirement for patient engagement that takes effect starting next year. Hospitals are required to have more than 10% of patients engage with their electronic health record in some way, with a specific emphasis on patient-generated health data that must be incorporated into the records of more than 5% patients.
Maker of ReWalk wearable exoskeleton sees shares tumble on FDA warning letter
Shares of Berlin's Argo Medical Technologies fell 13% on news of an FDA warning letter. The document was actually sent to Argo in September, but only just disclosed by the FDA, perhaps in a bid to raise the stakes.
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Johnson & Johnson and AbbVie have snagged the indication for standout cancer med Imbruvica that they've been waiting for.
Cambridge Cognition and Ctrl Group have teamed up to develop mental health-focused wearables. The initiative will tap into Cambridge Cognition's experience making software to test for depression, schizophrenia and dementia in an attempt to bring Fitbit-style monitoring to mental health.
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