Medical Devices News and Research

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U.S. market for diabetes drugs, devices and monitoring systems to reach over $55 billion by 2016

According to a new report series by iData Research, the leading global authority in medical device, dental and pharmaceutical market research, the U.S. market for diabetes drugs, devices and monitoring systems will reach over $55 billion by 2016, tripling in value.

6 Oct 2009

SEC completes investigation of PharmaNet Development, no action recommended

PharmaNet Development Group, Inc., a leading provider of clinical development services to innovative pharmaceutical, biotechnology, generic drug and medical device companies, today announced that the United States Securities and Exchange Commission (SEC) has notified the Company that it has completed a two and half year investigation of the Company related to revenue recognition, earnings, company operations and related party transactions and does not intend to recommend any enforcement action by the Commission. The investigation, which is now closed, was originally initiated as an informal investigation in 2006 and became formal in March 2007.

6 Oct 2009

Nano Mask retains AlvaMed for assistance in obtaining FDA approval of its anti-viral NanoMask

Nano Mask Inc today announced that it has retained AlvaMed LLC, an FDA consulting firm specializing in medical devices, to prepare the company's latest generation disposable, anti-viral NanoMask for FDA approval.

6 Oct 2009

Cardiovascular Systems to build new manufacturing facility in Texas

Cardiovascular Systems, Inc. (CSI), a medical device company developing and commercializing innovative interventional treatment systems for vascular disease, has signed a 10-year lease agreement for a new 46,000-square-foot manufacturing facility in Pearland, Texas.

6 Oct 2009

Direct Flow Medical releases clinical results of its new Percutaneous Aortic Valve System

Direct Flow Medical, Inc., www.directflowmedical.com, released its 12 month data from the initial clinical trial for a new device to treat valve disease without invasive thoracic surgery. Direct Flow Medical is a privately held, emerging medical device company developing a next-generation, catheter based, percutaneous delivered prosthetic aortic valve.

6 Oct 2009

Senate Finance Committee pushes back health bill vote

Roll Call reports that the Senate Finance Committee is pushing back its health bill vote until Wednesday at the earliest as lawmakers wait for the Congressional Budget Office to finish scoring the measure.

6 Oct 2009

UTEK launches new online IP licensing platform for health-care devices

UTEK Corporation (NYSE Amex:UTK), a global IP licensing and innovation services company, is pleased to announce the launch of its new online IP licensing platform for health-care devices: www.MedicalDeviceLicensing.com.

5 Oct 2009

Signostics launches new palm-sized ultrasound product for diagnosis at the point of care

Signostics Inc., a U.S. and Australian-based medical device company developing innovative portable and affordable handheld medical devices, today announced the launch of its new palm-sized, affordable ultrasound product for point-of-care use by medical practitioners.

5 Oct 2009

Eleventh-hour lobbying campaigns hope to lower costs to industry

As the Senate Finance Committee finalizes its health reform proposal, medical-device makers are hoping to convince lawmakers to make one last change, The Wall Street Journal reports. "The Advanced Medical Technology Association, or AdvaMed, the trade group for the larger device manufacturers, wants [Committee Chair Max Baucus of Montana] to reduce $40 billion in fees over the next decade to $15 billion, according to people close to the negotiations. But industry was told that offer is too low.

5 Oct 2009

Sonora Medical Systems sold to Medical Imaging Holdings for $8 million

Misonix, Inc., a developer of minimally invasive ultrasonic medical device technology, which in Europe is used for the ablation of tumors and worldwide for other acute health conditions, announced today that substantially all of the assets of its subsidiary, Acoustic Marketing Research, Inc., DBA Sonora Medical Systems, were sold to Medical Imaging Holdings, Inc., for $8 million in cash.

5 Oct 2009

DAS Family Holdings invests in Medical Technologies Unlimited

David Schwedel confirmed that DAS Family Holdings, LP has invested approximately $4 million in Medical Technologies Unlimited, Inc., a developer of advanced medical devices.

5 Oct 2009

'Final' Finance Committee's health bill may not be final word for Senate

Chairman Max Baucus released the full text of the Senate Finance Committee's health care overhaul bill late Friday and news outlets examined it and looked ahead.

5 Oct 2009

Scripps Health expands its spend management agreement with MedAssets

MedAssets, Inc. today announced that it has renewed and expanded its spend management agreement with Scripps Health, an award-winning integrated healthcare delivery network based in San Diego, California. MedAssets will continue to provide its spend management solutions including group purchasing services, supply chain data and analytics tools and physician preference item consulting services for implantable medical devices.

3 Oct 2009

TMS Health expands its Boca Raton Headquarters

TMS Health, the largest provider of outbound and inbound Teleservices to the U.S. Pharmaceutical Industry, is expanding its Boca Raton headquarters.

3 Oct 2009

Professor's research to transform mobile phones into powerful medical devices

Cell phones have come a long way in the last decade. Today, one can talk, text message, shoot photos and video, send and receive e-mail, and even access the Web. Now imagine a cell phone that can be used to monitor diseases like HIV or malaria and to test water quality after a major disaster like a hurricane or earthquake.

3 Oct 2009

Lawmakers get contributions from industry groups and associated lobbyists

A study by the Center for Responsive Politics and the Sunlight Foundation has found that key lawmakers have received significant contributes not only from major health industry companies - who often lead in contributions to members of Congress - but also from their lobbyists, who have contributed from their personal resources, The Washington Post reports.

3 Oct 2009

Cyberonics enters into a License Agreement with NeuroVista Corporation

Cyberonics, Inc. today announced two collaborations in the field of EEG-based seizure detection to build on its position as the leader in medical devices for epilepsy.

3 Oct 2009

Cutting Edge Information hopes to see ill patients have speedier access to potential cures

The FDA has approved the first set of vaccines aimed at preventing H1N1 infection after an approval process of less than four months. Cutting Edge Information is currently analyzing the lessons learned that may emerge for both the Food and Drug Administration (FDA) and life science firms after this crisis experience.

1 Oct 2009

TSO3 files patent application for innovations made to its sterilization systems

TSO3 Inc., an innovator in low temperature sterilization technology for medical devices in healthcare settings, through the use of ozone (a cost effective, safe and eco-friendly method) today announced that it has filed a patent application in the United States seeking protection in that market as well as preserving rights in many other countries of recent innovations made to its sterilization systems, which enable both significantly faster and gentler cycles.

1 Oct 2009

Kaiser Permanente to join the Health 2.0 Accelerator consortium

Health 2.0 Accelerator, a consortium focused on promoting integration of technology and the consumer experience to advance consumer-centric health care, announced today that Kaiser Permanente will join other "Health 2.0 companies" as participants in the Health 2.0 Accelerator (http://h2anetwork.org).

1 Oct 2009