Archive for ◊ July, 2014 ◊

• Friday, July 25th, 2014

MASSDEVICE ON CALL — Medtronic (NYSE:MDT) is looking to significantly boost its reach in China, country with “the world’s biggest diabetes epidemic,” according to a local report. Medtronic diabetes group president and executive vice president Hooman Hakami told ShanghaiDaily.com that he estimates China will one day account for 20% of the company’s global diabetes revenues, up […]

• Friday, July 25th, 2014

St. Jude Medical Inc. will lay off up to 270 employees at its Sylmar heart-device manufacturing facility following a corporate restructuring. The St. Paul, Minn. medical device company said it is eliminating the second shift at the Sylmar plant to optimize operations. That facility produces implantable defibrillators and pacemaker products. The layoffs are scheduled to […]

• Friday, July 25th, 2014

BEDFORD, Mass.–(BUSINESS WIRE)–Ocular Therapeutix, a biopharmaceutical company focused on the development and commercialization of innovative therapies for diseases and conditions of the eye, announced today the pricing of its initial public offering of 5,000,000 shares of its common stock at a public offering price of $13 per share, before underwriting discounts and commissions. All of […]

• Friday, July 25th, 2014

Millstone Medical Outsourcing will add 50 employees and 40,000 square feet in an expansion of its Fall River headquarters. The expansion will double production capacity at the medical device sterilization and packaging plant, and will significantly add to the company’s existing 300 employees. “We are thrilled about this expansion,” said Brad Schwarz, chief operating officer […]