Better medtech UDI management could be an app away

Boston-based 121nexus said it can solve UDI supply chain master data problems through image recognition technology. Experts say the best apps on the market are “peace of mind” apps. 121nexus aims to deliver that feeling with its scanner. The company launched a free scan app that can verify and “open up” GS1 and unique device

GE to refocus on healthcare, other select divisions

GE  (NYSE:GE) said this week it aims to narrow its business focus to healthcare, power and aviation, according to a Reuters report. The move comes as part of a maneuver the company hopes will center it behind the businesses with the most growth potential. GE will also focus on sectors where it has innovative technology, appropriate […]

Bigfoot Biomedical CEO hits back against CMS over data-sharing decision

Bigfoot Biomedical CEO Jeffrey Brewer has spoken out about a recent data-sharing decision made by CMS, saying that he plans to lobby Medicare to reverse its latest move. Earlier this year, CMS said it would begin covering the use of particular continuous glucose monitors for people with diabetes. But since that decision, the agency has […]

Avinger slashes jobs, Q3 sales down 61%

Avinger (Nasdaq:AVGR) – maker of the Lumivascular image-guided, catheter-based system to treat peripheral artery disease (PAD) – continued to experience declining sales as it retrenched during the third quarter, according to its newest earnings report. The Redwood, Calif.–based company has been cutting jobs and other costs – and focusing on existing accounts and winning FDA clearance

Medtronic is closer to VenaSeal coverage: Here’s how

Medtronic is touting its new CPT codes for the VenaSeal varicose vein closure device – codes that company officials think bring the device closer to positive coverage from public and private insurers in the U.S. CMS announced the new codes on Nov. 1 as part of final rules for the 2018 Medicare Physician Fee Schedule (CMS-1676-F)

Trump nominates pharma insider Azar to lead HHS

The Trump administration today nominated Alex Azar, who spent nearly 10 years at Eli Lilly (NYSE:LLY) after working in the second Bush administration, as secretary of the U.S. Health & Human Services Dept. The former HHS head, Dr. Tom Price, resigned in September after days of fending off criticism over chartered flights he took on the public dime. […]

Intuitive Surgical opens Korean innovation, training center

Robotic surgical giant Intuitive Surgical (NSDQ:ISRG) opened the doors this week on a new $8.9 million surgical innovation training center on South Korea, according to a Korea Herald report. The new 39,008-square-foot center is located inside the Sangam DMC High-Tech Industry Center in Seoul and features five training stations with a total of seven da Vinci systems, […]

Sterigenics parent company is now Sotera Health

Sterigenics International said today that it has changed the name of its parent company to Sotera Health, with Nelson Labs, Nordion and Sterigenics as Sotera’s three operating companies. The new name drew its inspiration from the name of the Greek goddess of safety, Soteria, and is meant to reflect the company’s commitment to global health.

Chesapeake IRB, Schulman IRB merge to form Advarra

Chesapeake IRB and Schulman IRB have merged to form Advarra, a new provider of IRB, institutional biosafety committee (IBC) and research compliance services. “By coming together as Advarra, we are merging the highest quality review organizations in the industry,” Jeffrey Wendel, president and CEO of Chesapeake IRB said. “Through a customer-centric integration, we will be

Report: Q3 medical device recalls down 39%

Medical device recalls have declined 39% for the third quarter, settling at 167, the lowest quarter the US has seen since the fourth quarter of 2011, according to a new Stericycle Expert Solutions report. Recalled units were up, however, rising 1% to 68 million which positioned it higher than 16 of the last 19 quarters, […]

Haemonetics to cut 11% of workforce

Haemonetics (NYSE:HAE) said today that it plans to cut roughly 11% of its global workforce as it looks to pare $80 million from its annual cash burn by the end of fiscal 2020. The Braintree, Mass.-based blood management company said it plans to eliminate 350 positions by the end of its fiscal year in April. The company reported […]

Value-based care: CMS’s new administrator wants more of it

Seven months into her tenure, CMS administrator Seema Verma is turning out to be highly supportive of value-based care models. In fact, she recently told an audience in Cleveland that she wants them implemented faster. The situation appears to dispel doubts that alternative payment models – such as Accountable Care Organizations or “comprehensive care” models for

Nelson Labs parent Sterigenics buys Toxikon’s European lab business

Sterigentics International is seeking to turn its Nelson Labs business into a global extractables and leachables lab testing platform through its acquisition of Toxikon’s European division. The purchase of Toxikon Europe, announced yesterday, represents a capabilities expansion when it comes to serving the pharmaceutical and medical device industries. Sterigenics’s Nelson Labs business will now offer Toxikon

OCTANe Medical Technology Investors Forum gears up for healthcare value

Medical technology leaders continue to discuss the best ways to approach the changing landscape of healthcare. In offering higher levels of healthcare value, Bill Carpou, CEO of OCTANe, told Medical Design & Outsourcing that improving patient outcomes will be driven by artificial intelligence, augmented reality and virtual reality. OCTANe will be showcasing these and other

Qosina introduces new 2018 catalog

Qosina is pleased to release its new 2018 product catalog, which features over 5,000 stock components. The four-color, glossy print catalog consists of more than 500 pages with full-scale illustrations on a one-centimeter grid and includes approximately 150 new parts, such as connectors, O-rings, forceps, valves, stopcocks, and catheter accessories. Also featured in the new