Medical equipment industry
Biotech and pharmaceutical stocks soared on Monday, driven by impressive earnings reports and favorable decisions from the US Food and Drug Administration. Teva Pharmaceuticals and U.S. Food and Drug Administration decisions for Amgen Inc. helped boost the sector, with the Amex pharmaceutical index rising 1.41 points to 329.
Medical equipment industry
Guidant Corp. has initiated enrollment in the SPIRIT II clinical study, a 300-patient trial evaluating its XIENCE V everolimus-eluting coronary stent system. This study will compare the effectiveness of XIENCE V to the TAXUS Express 2 Paclitaxel Eluting Coronary Stent System in treating coronary artery disease. The results of the
Medical equipment industry
The U.S. Food and Drug Administration (FDA) has issued an "approvable letter" to Mentor Corporation for their application for silicone gel-filled breast implants, outlining conditions the company must meet for full approval. However, patient advocates and experts are warning that the safety data for these devices are
Medical equipment industry
The U.S. Food and Drug Administration (FDA) is notifying healthcare providers and patients about a voluntary recall of certain pacemakers manufactured by Guidant Corporation. These pacemakers have a seal that can leak, allowing moisture to damage the electronic circuits, potentially leading to device failure, loss of consciousness, heart failure,
Medical equipment industry
Johnson & Johnson's expansion of medical devices production has paid off, contributing significantly to the company's second-quarter revenue growth of 11% over the prior year. The pharmaceutical giant's net income rose to $2.68 billion, or 89 cents per share, from $2.46 billion,
Medical equipment industry
The Guidant Corporation, a leader in the development of vascular stent systems, has commenced enrollment in its large-scale SPIRIT III clinical trial for the XIENCE V drug eluting stent system. This prospective, randomized, single-blind trial aims to evaluate the safety and efficacy of XIENCE V in comparison to the TAXUS
Medical equipment industry
The Bellwether Report, a leading online financial newsletter, has identified four small-cap companies on the Nasdaq Exchange as top picks for investors. The companies, Host America (NASDAQ: CAFE), Conceptus Inc. (NASDAQ: CPTS), Magellan Petroleum (NASDAQ: MPET), and Able Laboratories (NASDAQ: ABRX), have shown significant growth and potential for profitable returns.
Medical equipment industry
Conceptus, Inc., the developer of the Essure(R) non-incisional permanent birth control procedure, announced preliminary financial results for the second quarter of 2005, exceeding the company's guidance. Net sales for the quarter stood at $5.0 million, a significant 82% increase from $2.8 million in the same
Medical equipment industry
Guidant Corporation, a pioneer in lifesaving technology, has announced the enrollment of the first patient in a clinical trial designed to study a novel therapy for the treatment of permanent atrial fibrillation. The randomized trial, called RESOLVE-AF, will evaluate the safety and efficacy of Guidant's FLEX Microwave Surgical
Medical equipment industry
The Food and Drug Administration (FDA) has classified Guidant Corporation's implantable defibrillators, which have been recalled due to device malfunction, into three categories based on the probability of serious adverse health effects. The FDA has recommended that patients and doctors take appropriate action, if necessary, and has provided
Medical equipment industry
A securities fraud lawsuit has been filed against Guidant Corp. and six of its executives, alleging that they concealed life-threatening defects in the firm's heart defibrillators to keep the stock price high for their pending merger with Johnson & Johnson. The lawsuit claims that Guidant executives sold $39.
Medical equipment industry
Guidant Corp. has initiated a communication with physicians regarding the clinical performance of its VENTAK PRIZM 2 DR Model 1861 implantable defibrillator, which has been linked to 26 reports of failure, including one recent death. The problem affects approximately 24,000 devices currently implanted worldwide, specifically those manufactured prior to
