AUSTIN, Texas, Nov 28, 2011 (BUSINESS WIRE) — ArthroCare Corp., a leader in developing state-of-the-art, minimally invasive surgical products, announced that it has reached an agreement in principle to settle the private securities class action suits pending against the Company and two of its former officers. These suits were previously consolidated into the action titled [...]

TAMPA – It’s crunch time for Tampa’s homegrown biomedical institute, M2Gen, a place with expectations so high, helping to beat cancer is only one goal. Hillsborough County, Tampa and the state have pumped about $45 million in subsidies into this unit of H. Lee Moffitt Cancer Center & Research Institute, hoping it would create high-paying [...]

Per the November 16 press release, Francis Harrison, the former global vice president, regulatory affairs for Covidien of Boulder, Colorado, accepted the position of vice-president for Regulatory, Clinical Affairs and Quality at Alphatec Spine, Inc. At Covidien she was responsible for global registrations, regulatory compliance and product labeling for a business unit with more than [...]

The Colorado Springs City Council Tuesday approved $543,000 in tax rebates as part of a $2 million incentive package to persuade a California-based medical device manufacturer to build a plant on the city’s far north side expected to employ 250 within five years. Bal Seal Engineering Inc. already employs 39 at a plant to manufacture [...]

Richmond Mayor Dwight C. Jones announced today a planned expansion by Health Diagnostic Laboratory Inc. that would bring $68.5 million in capital investment and 653 new jobs to the Virginia BioTechnology Research Park. The health-management company started in 2009 and has experienced such rapid growth that it realized in September that it would need to [...]

The numbers just keep going up. Knee replacement surgery among the middle-aged in the U.S. increased two and a half times between 1997 and 2009 according to the Agency for Healthcare Research and Quality (AHRQ), as reported in MedPage Today. The hospitalization rate for women ages 45 to 64 for knee arthroplasty increased 157% from 16 [...]

MINNEAPOLIS & BOSTON–(BUSINESS WIRE)–Medtronic, Inc. (NYSE:MDT) and Bain Capital, a leading global private investment firm, today announced they have entered into a definitive agreement under which affiliates of Bain Capital will acquire Physio-Control, the world’s leading provider of emergency medical response technology for use in the intervention and treatment of cardio-respiratory and other medical emergencies. [...]

Stryker Corp, claims that DePuy’s, Wright Medical’s, Zimmer’s and Smith & Nephew’s hip replacement systems utilizing a dual-locking mechanism, all infringe on Stryker’s ‘243 patent. Howmedica Osteonics Corp. in New Jersey, and Stryker Ireland Ltd of Cork, Ireland, (Stryker) is suing DePuy Orthopaedics, Inc., Wright Medical Technology, Inc., Zimmer, Inc. and Smith & Nephew, Inc. [...]

Olympus Corp. (TYO:7733) admitted to channeling money through investment funds to hide losses in the wake of a growing scandal sparked by former CEO Michael Woodford. The Tokyo-based technology giant revealed that nearly $1.5 billion in possibly illegal payments were used to conceal heavy losses on investments over the last two decades. Olympus head Shuichi [...]

Researchers at UC San Diego Health System’s Department of Reproductive Medicine and the National Latino Research Center (NLRC) at Cal State San Marcos University recently presented data at the American Public Health Association Conference in Washington D.C., demonstrating the impact of text4baby, a free mobile service that provides pregnant women and new mothers in San [...]