Medical equipment industry
DuPont's In-Vitro Diagnostics (IVD) business, a significant and growing supplier of hospital clinical-chemistry systems, will be sold to Dade International Inc. in a deal that combines leading positions in the hemostasis, clinical chemistry, controls, microbiology, and cardiac immunodiagnostics segments of the clinical diagnostics market. The transaction is expected
Medical equipment industry
Cardiovascular Diagnostics, Inc., a leader in cardiovascular diagnostic technology, has successfully completed its initial public offering, raising $23,375,000 before underwriting discounts and commissions. The company sold 1,700,000 shares of its Common Stock, with certain shareholders selling an additional 425,000 shares. The offering was led by
Medical equipment industry
Biopool International, a company specializing in in vitro diagnostic tests, has received approval from the US Food and Drug Administration (FDA) to market its two new chemistry reagent systems: Alkaline Phosphatase and Aspartate Aminotransferase. These tests are designed to diagnose liver dysfunction and complement the company's existing range
Medical equipment industry
Boehringer Mannheim, a global leader in diagnostics and pharmaceuticals, has taken a significant step in its ongoing dispute with Ostex Inc. by filing a claim for damages exceeding $20 million. According to Werner Schaefer, President of Boehringer Mannheim's Laboratory Diagnostics Division, the company has fulfilled all contractual obligations
Medical equipment industry
ADAC Laboratories announced that it has received formal clearance from the Food and Drug Administration (FDA) to market its Molecular Coincidence Detection (MCD) product for use in ADAC's nuclear medicine camera systems. This breakthrough technology enables ADAC's VERTEX EPIC and SOLUS EPIC gamma cameras to perform
Medical equipment industry
Advanced Technology Laboratories (ATL) announced the introduction of 3D Color Power Angio Imaging as an option or upgrade for its leading-edge HDI(R) 3000 system. This innovation offers a new method of visualizing blood flow by integrating 3D capability into a high-performance ultrasound system without requiring additional instrumentation. The upgrade
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
DynaGen Inc., a healthcare company founded in 1988, has announced a significant development in its diagnostic product portfolio with the signing of a manufacturing and distribution agreement with Remel LP. Under this agreement, Remel will have exclusive rights to manufacture and sell DynaGen's MycoAKT latex agglutination products in
Medical equipment industry
Biopool International, Inc. (Nasdaq: BIPL) has signed an agreement to acquire Source Scientific, Inc. (Boston: SSF), a leading manufacturer of laboratory instrumentation, in a deal valuing approximately $750 million. The acquisition is expected to add substantially to Biopool's revenue and earnings growth in 1996 and beyond, as the
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
