Archive for ◊ April, 2011 ◊

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• Thursday, April 28th, 2011

Minneapolis, Minnesota April 27, 2011 and Tokyo, Japan April 28, 2011 — Toshiba Medical Systems Corporation (“TMSC”) and Vital Images, Inc. (Nasdaq:VTAL – News) (“Vital Images”) announced today that they have entered into a definitive agreement pursuant to which a subsidiary of TMSC (“Merger Sub”) will acquire all of the outstanding shares of common stock […]

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• Thursday, April 28th, 2011

Medtronic Inc. said Wednesday it is eliminating 268 jobs from its Twin Cities operations as part of cuts it announced in February. Medtronic (NYSE: MDT) spokesman Brian Henry said the medical device maker eliminated a total of 2,100 jobs worldwide, and it began notifying employees of the layoffs this week. He said some employees accepted early […]

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• Thursday, April 28th, 2011

TORONTO, ONTARIO–(Marketwire – 04/28/11) – Titan Medical Inc. (“the Company”) (TSX-V:TMD – News) announced today that it has signed a development agreement with Proven Process Medical Devices, Inc. (“Proven Process”), a leading provider of medical device contract research and development, and manufacturing services. Under terms of the agreement, Proven Process will develop certain proprietary components […]

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• Thursday, April 28th, 2011

Patrick Ryan, former Abbott Vascular Devices divisional vice president for North Asia, will pick up the COO reins at Alphatec Holdings, according to an April 25 company announcement. Under Ryan’s leadership that division of Abbott had annual revenues of $200 million. Ryan also held three other senior roles in operations at Abbott—divisional vice-president for Canada […]

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• Tuesday, April 19th, 2011

Reminding your bones to grow…Smith & Nephew has announced a new, free service that helps patients keep on track with their physician-prescribed EXOGEN Ultrasound Bone Healing System treatment plans. Via EXOGEN CONNECTS, patients can receive reminders and tips for healthy living. Those who enroll in EXOGEN CONNECTS have on hand a personal wellness and support […]

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• Tuesday, April 19th, 2011

This past Friday, The Wall Street Journal reported that Johnson & Johnson (JNJ) was in talks to purchase Swiss-based Synthes for about $20 billion. If Synthes and JNJ’s DePuy were to combine, the resulting firm would be the world’s largest orthopedic company with annual orthopedic shipments of around $9.3 billion. In market share terms, the combined […]

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• Tuesday, April 19th, 2011

Using injectable hollow, biodegradable nanofiber spheres as cell carriers is likely to repair knee cartilage more effectively than current methods, said US researchers in a paper published online in Nature Materials this week. Lead author Peter Ma, a professor at the University of Michigan (U-M) School of Dentistry, told the press they hope their method will […]

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• Friday, April 15th, 2011

Covidien (NYSE: COV), a leading global provider of healthcare products, today announced that its DuraSeal(TM) Exact spine sealant has been approved by the U.S. Food and Drug Administration (FDA). DuraSeal Exact spine sealant is a new, low-swell formulation of dural sealant designed as an adjunct to suturing to repair the dura during spine surgery. The […]

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• Friday, April 15th, 2011

A new MRI device that guides surgeons as they implant electrodes into the brains of people with Parkinson’s disease and other neurological disorders could change the way this surgery, called deep brain stimulation, is performed at medical centers across the country, according to a group of doctors at University of California, San Francisco. Deep brain stimulation […]

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• Friday, April 15th, 2011

Embattled ReGen Biologics Inc. files voluntary petitions for Chapter 11 bankruptcy protection and announces a $1 million private placement from one of its largest investors. ReGen Biologics Inc. (PINK:RGBO) filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the District of Delaware. The embattled maker of the Menaflex knee implant said in […]