ResMed, Google’s Verily ink sleep-apnea-focused joint venture deal

ResMed (NYSE:RMD) and Google (NSDQ:GOOG) life sciences company Verily said today they inked a new joint venture deal aiming to develop software solutions to improve diagnosis, treatment and care for sleep apnea and other breathing related sleep disorders. The new US-based joint venture will use sleep apnea knowledge from San Diego-based ResMed and Verily’s data analytics technologies in its […]

White House proposes 30% cut to FDA headcount, reorganization

The Trump administration this week submitted a proposal that would cut the budget and staff at the FDA, as well as reorganizing the agency to remove food regulation from its purview, according to a new Endpoints News report. The proposal would cut $1.3 billion in resources from the agency and 5,000 members of its staff […]

Study: No difference in complications, survival rate between robot-assisted and open bladder surgeries

A seven-year study comparing outcomes from robotic and open cystectomy procedures showed no statistically significant difference in complications or survival rate between the two methods. The randomized open versus robotic cystectomy study, known as the Razor trial, is touted as the first comprehensive study to compare outcomes between robotic and traditional open surgeries in any […]

Medtronic warns on external pacemaker issues

Medtronic (NYSE:MDT) has released an urgent field safety notice warning of issues with a subset of its model 53401 single chamber external pacemakers in which the device may experience an unexpected power on reset. The Fridley, Minn.-based company said that the issue is due to an initial version of the firmware for the device which allowed […]

Stryker, Boston Scientific tie-up could create ‘higher growth Medtronic’

Analysts are eagerly digging into the news that Stryker (NYSE:SYK) put in a takeover bid with Boston Scientific (NYSE:BSX), though many were surprised by the news and are unsure of the obvious strategic value of the acquisition. News of the deal, which both companies have officially responded to with statemens of “no comment,” emerged yesterday at the […]

Apple update improves Watch’s ability to track movement disorders, report says

Apple (NSDQ:AAPL) is upping its diagnostic game with the Apple Watch yet again, adding the ability to more accurately detect tremors for individuals with Parkinson’s Disease, according to a CNBC report. The company is updating the bio-sensor laden smartwatch to make it easier for researchers to differentiate between random movement and the shakes and dyskinesia experienced […]

Report: Stryker puts in takeover bid for Boston Scientific

Stryker (NYSE:SYK) has put in a bid as it looks to acquire rival Boston Scientific (NYSE:BSX), according to a new report from the Wall Street Journal. Boston Scientific has not actively responded to the approach, according to the report, which came from sources “familiar with the matter,” according to the WSJ. “As a matter of company policy, […]

Siemens, CVS, Athenahealth back new Pa.-based medtech accelerator

Siemens (NYSE:SI), CVS Health (NYSE:CVS) and Athenahealth (NYSE:ATHN) have joined on as backers of Smart Health Innovation Lab, a new Lancaster, Penn.-based medtech accelerator that opened this week. The accelerator was developed collaboratively by Aspire Ventures, Capital BlueCross, Clio Health and Penn Medicine Lancaster General Health, according to a press release. The incubator lab will provide a 12-week […]

Fortive offers $2.8B for J&J’s advanced sterilization biz

Johnson & Johnson (NYSE:JNJ) said yesterday that industrial conglomerate Fortive (NTSE:FTV) made a binding offer to acquire the advanced sterilization business from J&J’s Ethicon division for approximately $2.8 billion. The deal includes $2.7 billion in cash and an additional $100 million in retained net receivables, New Brunswick, N.J.-based Johnson & Johnson said. J&J’s advanced sterilization products biz […]

FDA warns of 5 new deaths from liquid-filled intragastric balloons

The FDA today released a notice warning of five new patient deaths related to two liquid-filled intragastric balloon systems used to treat obesity, produced by Apollo Endosurgery (NSDQ:APEN) and ReShape Lifesciences (NSDQ:RSLS). The additional deaths bring the total number of deaths worldwide from the Orbera intragastric balloon and ReShape integrated dual balloon system up to 12 since […]

Gates Foundation looks to develop simple, single-use injection device for global use

The Bill and Melinda Gates Foundation this week announced it is taking requests for proposals to develop a dual-chamber, prefilled, single-dose injection device for use in remote in-home settings by low skilled healthcare workers and through self-administration. The injection device will be used for the administration of the measles-rubella vaccine in house-to-house campaigns, and for […]

Former CMS admin Slavitt forms healthcare-focused VC firm

Former Center for Medicaid and Medicare Services  administrator Andy Slavitt is slated to head a new venture capital firm, Town Hall Ventures, which aims to invest in healthcare tech and service companies that look to help vulnerable populations. The fund will look to invest in companies that improve care in Medicare, Medicaid, risk-based care, those

Thermoformers Tru-Form Plastics and InterTrade ink merger deal

Thermoforming groups Tru-Form Plastics and InterTrade Industries plan to merge, looking to operate under the new moniker of Tru-Form Plastics, an InterTrade Industries Co. Gardena, Calif.–based Tru-Form Plastics said late last month that the combination will help support both businesses by adding additional customer service, sales team and engineering members, as well as 14 additional

Biomerics, ATL Tech join up to buy Catheter Research

Biomerics and ATL Technology today announced they launched a joint venture to acquire Catheter Research, including its assets in Indianapolis and Costa Rica. Catheter Research Inc manufactures interventional catheters, tube sets and other assemblies for medical devices, the companies said. The company has specific expertise in tube extrusion, catheter assembly and final FDA product packaging

Materialise touts FDA first in clearance of 3D printed anatomical model tech

Materialise said today it won FDA 510(k) clearance for its Mimis inPrint software designed for 3D printing anatomical models for diagnostic use, touting it as the first clearance of its kind. The Belgian company said that last August, the FDA ruled that software designed to create files for 3D printing patient-specific anatomical models for diagnostic purposes […]