Medical equipment industry
Johnson & Johnson, which recently agreed to buy Guidant for $25.4 billion, is assessing whether issues with Guidant's heart devices and its response to them constitute a "materially adverse change" to Guidant's business. If the problems are deemed damaging, Johnson & Johnson could
Medical equipment industry
Thousands of patients are faced with the difficult decision of whether to keep a faulty Guidant Corp. defibrillator or to have it removed and replaced due to a potential risk of equipment failure. The devices, which can cause cardiac arrest, have been recalled by the company after it was discovered
Medical equipment industry
Flaws in Guidant's heart defibrillators have led to a widespread recall of 50,000 devices, affecting not only patients but also the company's proposed acquisition by Johnson & Johnson. The recall, worked out with the Food and Drug Administration, involves devices made as recently as last
Medical equipment industry
As sales of pacemakers and defibrillators exceed $8.3 billion annually, the need for uniform standards in heart device manufacturing has become a pressing issue. The recent death of a 21-year-old student due to a faulty defibrillator manufactured by Guidant Corporation has highlighted the importance of transparency and accountability in
Medical equipment industry
Boston Scientific has achieved a key victory in its patent battle against Johnson & Johnson, with a Dutch court ruling that a Johnson & Johnson subsidiary must end production of its Cypher stents in the Netherlands and halt sales there. The court found that the catheter system used to deploy
Medical equipment industry
Boston Scientific Corporation has secured CE Mark approval for three large vessel sizes (4.0mm, 4.5mm, and 5.0mm) of its Taxus Express2 paclitaxel-eluting coronary stent system in Europe and other international markets. This move enables the company to offer a full range of stent sizes, addressing the unmet
Medical equipment industry
BICO, Inc. has entered into its third pilot agreement in the past month to deploy its WebPhones and related services at a number of residential locations managed by Pinnacle Realty Management Company, one of the nation's largest third-party managers of investment real estate. This agreement follows similar pilot
Medical equipment industry
Rochester, NY - OTCStockExchange.com has issued a mid-day stock alert highlighting several companies that have made significant announcements in the areas of innovative technologies and business opportunities. The alert features BICO, Inc., Fonix Corp., Global Triad, Inc., and Norsat International Inc. Key Takeaways: * BICO, Inc. has entered into its
Medical equipment industry
Boston Scientific Corporation, a worldwide developer, manufacturer, and marketer of medical devices, announced that the U.S. Food and Drug Administration (FDA) has approved extending the shelf life of its TAXUS Express2 paclitaxel-eluting coronary stent system in the United States to twelve months from the current shelf life of nine
Medical equipment industry
Boston Scientific Corporation and Aspect Medical Systems, Inc. have announced a strategic alliance to develop new brain monitoring technology designed to aid the diagnosis and treatment of depression, Alzheimer's disease, and other neurological conditions. The alliance will support the development of new tools to guide therapy management for
Medical equipment industry
Medtronic, Inc. has received approval from the U.S. Food and Drug Administration (FDA) to add sequential biventricular pacing or "V-V (ventricle to ventricle) timing" to its InSync Sentry and InSync Maximo cardiac resynchronization therapy defibrillators (CRT-Ds). This advancement allows physicians to separately adjust the timing of electrical
Medical equipment industry
The European Commission has granted approval for Medtronic Inc.'s (MDT) InductOs to be used in spinal fusion procedures for adults with degenerative disc disease. InductOs contains rhBMP-2, a protein that promotes new bone growth, reducing the need for bone harvesting from the patient's hip. This indication
