Medical equipment industry
Johnson & Johnson's acquisition of Guidant Corp. for $23.9 billion is a significant move in the medical technology industry, especially for Minnesota-based Guidant, which employs about 3,000 people at its Arden Hills complex. The deal has far-reaching implications for the local economy and the cardiac rhythm
Medical equipment industry
Johnson & Johnson is reportedly in advanced talks to acquire Guidant Corp. for more than $24 billion, according to the New York Times. This move follows Johnson & Johnson's plans to integrate its U.S.-based Credit Suisse First Boston investment banking unit with its retail and private
Medical equipment industry
Johnson & Johnson, a leading healthcare conglomerate, is reportedly in advanced negotiations to acquire Guidant Corp. for over $24 billion. This potential deal would give Johnson & Johnson a significant foothold in the growing market for medical devices, including defibrillators and pacemakers. Although the deal may still fall apart, executives
Medical equipment industry
Medinol Ltd., an Israeli company, has won the right to take its claims against Boston Scientific Corp. to trial. A federal court in New York has ordered a trial on Medinol's allegations that Boston Scientific secretly set up a factory in Ireland to manufacture Medinol's stents
Medical equipment industry
A significant breakthrough in the treatment of uterine fibroids has been announced by the Interventional Procedures Advisory Committee (IPAC) of the National Institute for Clinical Excellence (NICE). Uterine fibroid embolization (UFE), a less-invasive procedure, has been deemed safe and effective for treating fibroids, offering an alternative to traditional treatments such
Medical equipment industry
The partnership between Medtronic and Novo Nordisk aims to simplify insulin pump therapy for diabetic patients by introducing prefilled insulin cartridges. The companies will develop prefilled cartridges containing U-100 NovoLog(R) (insulin aspart (rDNA origin) injection) for use with Paradigm(R) external insulin pumps. This innovation is expected to eliminate
Medical equipment industry
Medtronic Inc. reported 13% earnings growth in the second quarter, but missed analysts' expectations, leading to a downgraded rating from analysts and a decline in stock price. The company's sales growth in implantable defibrillators, a key product line, fell short of projections, hurt by a new product
Medical equipment industry
Medtronic, Inc. announced that American International Group, Inc. has purchased automated external defibrillators (AEDs) to treat employees who may suffer from sudden cardiac arrest in the workplace. The devices have been placed in all of AIG's New York City area offices, and employees will be trained in cardio
Medical equipment industry
Medtronic, the world's leading medical technology company, has elected Robert C. Pozen, chairman of MFS Investment Management, to its board of directors. Pozen brings a unique blend of experience in finance, government, and healthcare, which will be invaluable to Medtronic as it strives to advance medical technologies and
Medical equipment industry
Medtronic, a well-known medical device manufacturer, is facing a significant financial setback after a U.S. District Court in Memphis, Tennessee, awarded punitive damages of $400 million to Dr. Gary K. Michelson and his company, Karlin Technology, Inc., in a dispute over technology agreements. The award was made in the
Medical equipment industry
Angiotech Pharmaceuticals, Inc. announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) has expired, allowing the company to grant an exclusive license to Boston Scientific Corporation for the use of paclitaxel and other agents on medical devices in the coronary vascular field. The expiration of the waiting
Medical equipment industry
Boston Scientific Corporation, following its acquisition of Advanced Bionics in June, has announced a voluntary worldwide recall of all unimplanted Clarion and HiResolution cochlear implants due to the potential presence of moisture in the internal circuitry, which can cause the device to stop functioning. The company has estimated that approximately
