Cardiovascular equipment
Researchers at the National Heart Lung and Blood Institute (NHLBI) have discussed new findings in biotechnology, specifically in gene therapy, to address the complexity of sickle cell disease (SCD). According to the research, SCD is a range of genotypes that result in a clinical syndrome affecting nearly every organ system,
Medical equipment industry
Diagnostic Resources Corp. has formally emerged following a rebranding of Riggs Resources Corp. The company, which is focused on developing and selling medical diagnostics products, has completed the distribution of its holdings in Big Red Mining Co. Inc. to its shareholders in the form of a shareholder dividend. The dividend
Medical equipment industry
Johnson & Johnson and Cordis Corporation have signed a definitive merger agreement for a $1.8 billion stock-for-stock merger. The transaction values Cordis at $109 per share, based on the average of the closing prices of Johnson & Johnson shares for the ten trading days prior to the closing of
Medical equipment industry
Angeion Corporation, a leading developer of devices to treat life-threatening heart conditions, has received an investigational device exemption (IDE) from the United States Food and Drug Administration (FDA) to conduct clinical trials of its Sentinel TM 2000 implantable cardioverter defibrillator system in the United States. This approval allows Angeion to
Medical equipment industry
Positron Corporation has received an order for a POSICAM(TM) positron emission tomography (PET) system from the Metropolitan Cardiac Institute in Chevy Chase, Maryland. This is the fourth order received by Positron since April of this year, indicating a significant increase in order activity. The Metropolitan Cardiac Institute plans to
Medical equipment industry
Erich W. Augustin, a seasoned finance executive, has joined OCG Technology, Inc.'s Board of Directors and has been appointed as the company's Treasurer and Chief Financial Officer. Before joining OCGT, Mr. Augustin held various senior roles at the Chase Manhattan Bank of Connecticut, N.A., and
Medical equipment industry
A recent study conducted by Dr. K. Lance Gould at the University of Texas Medical School in Houston has demonstrated the effectiveness of PET scanning techniques in detecting and managing heart disease. The study, published in the September issue of The Journal of the American Medical Association, used Positron Corporation&
Medical equipment industry
Positron Corporation announced a significant increase in revenues, fueled by the shipment of two POSICAM(TM) systems, leading to a 490% revenue growth in the second quarter of 1995. The company's revenues rose to $2,986,000 from $506,000 in the same quarter of 1994, with gross
Medical equipment industry
Spectral Diagnostics Inc., developers of Point-of-Care cardiac diagnostics, reported a net loss of $9,030,000 in fiscal 1995, compared to a net loss of $3,368,787 in fiscal 1994. The company had total assets of $40,942,000, with $32,176,000 in cash and short-term securities, at
