Medical Devices News and Research

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FDA grants Microsulis Medical 510(k) clearance for Acculis Accu2i percutaneous microwave tissue ablation system

Microsulis Medical Limited, the leading company in microwave technology for medical devices, today announced that the U.S. Food and Drug Administration (FDA) has provided the company 510(k) clearance to market the Acculis Accu2i percutaneous microwave tissue ablation (pMTA) system for the coagulation of soft tissue during surgical procedures.

16 Aug 2010

PLC Systems second-quarter total revenues decrease to $1,019,000

PLC Systems Inc., a company focused on innovative cardiac and vascular medical device-based technologies, today reported financial results for the three- and six month periods ended June 30, 2010.

16 Aug 2010

Travelers launches MedFirst to address new combination of risks in medical technology industry

The evolution of software and electronics for medical devices and the transferring of electronic personal identity records is creating a new combination of risks in the medical technology industry. To address these risks, Travelers announces MedFirstSM - a combination of three liability coverages packaged in a single insurance policy: products/completed operations liability, errors & omissions and information security liability.

13 Aug 2010

Legal scholar calls for FDA to regulate all health-related genetic tests

An opinion piece by a legal scholar from the Johns Hopkins Berman Institute of Bioethics in this week's issue of Nature calls for the Food and Drug Administration to regulate all health-related genetic tests — whether available directly to consumers or through a health care provider — using an approach that imposes requirements proportionate to a test's level of risk.

13 Aug 2010

Quick-Med Technologies, Biosara sign development agreement

Quick-Med Technologies, Inc., a life sciences company that is developing innovative technologies for the healthcare and consumer markets, announced today that it has signed a development agreement with Biosara Corporation, a medical device company targeting wound dressings for major medical and healthcare providers, along with the multi-billion dollar organized sports athlete markets.

13 Aug 2010

PROFIT magazine ranks Prollenium as one of Canada's Fastest Growing Companies

Ario Khoshbin, President of Prollenium Medical Technologies Inc., a privately held specialty medical device company, reported today that his firm will continue to record strong year on year gains in revenues and profitability for its 2010 Fiscal Year ending June 30th. Over the past five years, Prollenium has recorded aggregate revenue growth of more than 524% ranking it amongst Canada's fastest growing firms.

13 Aug 2010

MDS Nordion extends cobalt-60 long-term supply agreement with Ontario Power Generation

MDS Nordion, a leading provider of products and services to the global health science market, today announced it has extended its existing agreement with Ontario Power Generation Inc., the Canadian-based electricity generation company, until 2020 for the secure supply of cobalt-60 used in gamma sterilization technologies around the world.

13 Aug 2010

Derma Sciences second-quarter net sales increase 14% to $13.2 million

Derma Sciences, Inc., a medical device and pharmaceutical company focused on advanced wound care, today reported financial and operating results for the three and six months ended June 30, 2010.

13 Aug 2010

Researchers develop new implantable metamaterials to destroy cancerous tissue

The research, reported online July 21, 2010, in the journal Advanced Materials, provides a promising path towards the development of a new class of metamaterial-inspired implantable biosensors and biodetectors.Metamaterials are artificial electromagnetic composites, typically made of highly conducting metals, whose structures respond to electromagnetic waves in ways that atoms in natural materials do not. The most futuristic metamaterials would absorb all light, to create heat to destroy cancerous tissue, or bend light completely around an object, rendering that object invisible-an imaginary delight for fans of science fiction or spy novels.

13 Aug 2010

VirtualScopics second-quarter revenues increase 27% to $3.22 million

VirtualScopics, Inc., a leading provider of quantitative imaging for clinical trials, today reported revenues of $3,221,593 for the second quarter of 2010 compared to revenues of $2,541,316 in the second quarter of 2009, a 27% increase. Excluding work performed in 2009 for the Department of Defense under projects that ended in 2009, the company posted a 34% increase in second quarter 2010 revenues as compared to the second quarter of 2009 and a 45% increase in revenues during the first half of 2010 compared to the first half of 2009.

12 Aug 2010

Alliance Surgical Distributors aligns surgeons, promotes orthopedic implant negotiation to reduce healthcare cost

Alliance Surgical Distributors has seen a surge not only in interest to form surgeon owned distributorships but also in groups completing set-up. Current distributorships under Alliance include Inland Spine and Orthopedics, Mesa Surgical, Vista Orthopedics, Rocky Mountain Trauma, Alpine Surgical Technologies, Alpine Implant Alliance, JAB Spinal Systems, North Idaho Surgical Cooperative, Restorix Technologies, with many other groups under development.

12 Aug 2010

Pulse Therapeutics receives fund to develop novel magnetics technique to destroy blood clots

BioGenerator, a non-profit, seed-stage economic development funding group, today announced that it has led a round of early-stage financing for Pulse Therapeutics, Inc., a St. Louis company headquartered at the Center for Emerging Technologies. Pulse Therapeutics develops innovative magnetism-based technology to safely destroy blood clots related to ischemic stroke and deep vein thrombosis (DVT). Other investors who participated in the round were Missouri Technology Corporation (MTC), Washington University's Olin School of Business Skandalaris Student Venture Fund, and Integrated Magnetics, of Culver City, California. The funds will be used for further pre-clinical development.

12 Aug 2010

UT Dallas receives grant from NIH to investigate nerve stimulation for tinnitus

The NIH has granted a University of Texas at Dallas researcher and a university-affiliated biomedical firm $1.7 million to investigate whether nerve stimulation offers a long-term cure for tinnitus.

12 Aug 2010

Molecular imaging helps physicians determine patient suitability for ICD therapy

A study published in the August Journal of Nuclear Medicine (JNM) finds that molecular imaging-a non-invasive imaging procedure-can identify high-risk patients with potentially life-threatening cardiovascular conditions and help physicians determine which patients are best suited for implantable cardioverter defibrillator (ICD) therapy.

11 Aug 2010

PregLem announces exclusive in licensing agreement with Merck Serono for Bentamapimod

PregLem, the Swiss specialty biopharmaceutical company focused on women's reproductive medicine, announces a world-wide, exclusive in licensing agreement for Bentamapimod, a novel, orally active, Jun Kinase Inhibitor from Merck Serono for an undisclosed amount. PregLem will develop the compound for the prevention of post-surgical abdominal adhesions and endometriosis in patients with tubal ligation or comparable effective contraception.

11 Aug 2010

Stoecker and Associates develops new software for early diagnosis of malignant melanoma

Detection of malignant melanoma, the most serious type of skin cancer, will soon be quicker and easier thanks to the work of researchers at Missouri University of Science and Technology.The research, which is funded by the National Institutes of Health, recently received a patent titled "Automatic Detection of Critical Dermoscopy Features for Malignant Melanoma Diagnosis." The patent applies to a method for computer-aided analysis of photographs of skin lesions to detect the cancer. Melanoma can be cured if it is diagnosed early enough.

11 Aug 2010

Cardiovascular Systems fourth-quarter revenue increases 15% to $18.0 million

Cardiovascular Systems, Inc., a medical device company developing and commercializing innovative interventional treatment systems for vascular disease, today reported financial results for its fiscal fourth quarter and year ended June 30, 2010.

11 Aug 2010

Theragenics reports consolidated revenue of $20.8M for second-quarter 2010

Theragenics Corporation, a medical device company serving the surgical products and prostate cancer treatment markets, today announced consolidated financial results for the second quarter ended June 30, 2010.

10 Aug 2010

Sleeve gastrectomy for weight loss surgery with no scars

Surgeons at the University of California, San Diego School of Medicine have achieved what is believed to be the nation's first stomach reduction via the mouth. The novel weight loss procedure, known as a sleeve gastrectomy, reduces the stomach to 20 percent of its original size. The smaller stomach leads to less caloric intake and increased feelings of fullness. This is the first time in the U.S. that the excess stomach has been removed through the mouth rather than a large open incision.

10 Aug 2010

Aptus reports successful treatment with EndoStapling System in Europe

Aptus Endosystems Inc., a medical device company developing advanced technology for endovascular aneurysm repair (EVAR), announced that several patients with aortic aneurysm disease have been successfully treated with the Aptus EndoStapling System in Europe. The innovative helical staple technology enables independent endograft fixation, and is designed to approximate suturing in an open surgical anastomosis. The company continues to build on its U.S. clinical experience which includes 176 patients and deployment of more than 900 EndoStaples.

9 Aug 2010

Medical Devices News and Research

FDA grants Microsulis Medical 510(k) clearance for Acculis Accu2i percutaneous microwave tissue ablation system

PLC Systems second-quarter total revenues decrease to $1,019,000

Travelers launches MedFirst to address new combination of risks in medical technology industry

Legal scholar calls for FDA to regulate all health-related genetic tests

Quick-Med Technologies, Biosara sign development agreement

PROFIT magazine ranks Prollenium as one of Canada's Fastest Growing Companies

MDS Nordion extends cobalt-60 long-term supply agreement with Ontario Power Generation

Derma Sciences second-quarter net sales increase 14% to $13.2 million

Researchers develop new implantable metamaterials to destroy cancerous tissue

VirtualScopics second-quarter revenues increase 27% to $3.22 million

Alliance Surgical Distributors aligns surgeons, promotes orthopedic implant negotiation to reduce healthcare cost

Pulse Therapeutics receives fund to develop novel magnetics technique to destroy blood clots

UT Dallas receives grant from NIH to investigate nerve stimulation for tinnitus

Molecular imaging helps physicians determine patient suitability for ICD therapy

PregLem announces exclusive in licensing agreement with Merck Serono for Bentamapimod

Stoecker and Associates develops new software for early diagnosis of malignant melanoma

Cardiovascular Systems fourth-quarter revenue increases 15% to $18.0 million

Theragenics reports consolidated revenue of $20.8M for second-quarter 2010

Sleeve gastrectomy for weight loss surgery with no scars

Aptus reports successful treatment with EndoStapling System in Europe

Industry Focus eBook - Medical Devices (3rd Edition) eBook

Designing fluidic architecture for scalable diagnostic platforms

Evaluating new approaches for rare disease genomics

Expanding access to NMR with the Fourier 80 Duo

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