Cancer molecular diagnostics firm Epigenomics plans to restructure its organization to increase its focus on the U.S. market. Early-stage product and technology research will be discontinued and clinical research scaled down. The firm expects to reduce its workforce by approximately 39 employees targeting a company size of 45 employees by year-end. Its second-generation blood test [...]

Tampa, Fla. manufacturer, Psoria‐Shield™ Inc., has announced the launch of sales for its flagship medical device, the Psoria‐Light (FDA 510k #K103540). The Psoria‐Light™ is a Deep UV LED targeted phototherapy device for treating psoriasis, eczema, vitiligo and other UV‐treatable skin disorders. The Psoria‐Light™ patent‐pending innovation uses advanced Deep UV LED technology originally developed for NASA, ESA, [...]

Not every electrical device can keep going and going. Take Medtronic’s SynchroMed II Implantable Drug Infusion Pump, for example. The batteries that power the implanted drug delivery device have been reported to fail, Medtronic announced Friday, though such occurrences are rare. The company said it first warned physicians of the battery problem in 2009. By the [...]

Medtronic Xomed Inc. is seeking $2.5 million in financial incentives from Jacksonville and the state for an expansion of the company’s Southside operation that would create 175 jobs. Medtronic currently employs 600 people in Jacksonville and would spend $14.1 million to build and equip additional space at its Jacksonville location for the expansion, according to [...]

With a new application developed by a U-M neurologist, better understanding of the anatomy of the peripheral nervous system can be found right on your iPhone. Nerve Whiz is a free application for medical professionals interested in learning the complex anatomy of nerve roots, plexuses, and peripheral nerves. It can work on Apple personal devices [...]

former senior marketing manager for Kyphon, Inc., pled guilty in federal court on July 7 to ripping off Medtronic Inc. for at least $2.1 million. Jennifer Rutherford was responsible for selecting vendors to supply marketing merchandise that company reps could distribute at trade shows and industry conferences. The merchandise included such items as key chains, [...]

Medtronic, Inc. announced on July 7 that it was acquiring Salient Surgical Technologies Inc., of Portsmouth, New Hampshire, and Peak Surgical Inc. of Palo Alto, California. The two companies, in which Medtronic already holds an ownership stake, will join the company’s surgical technologies business. Net of Medtronic’s existing ownership, the deals are worth $480 million [...]

THE ALPHABETICAL LIST by Http://OrhtoStreams.com 3Cor Medical, Inc. (Redwood City, CA)Distraction screws for plating and interbody fusions, founded in 2002 [ACQUIRED] Abbott Spine (Austin) (fka Spinal Concepts) acquired by Abbott Labs for $160M, then Abbott acquired SpineNext (France), then Abbott sold both spine companies to Zimmer for $360M, non-fusion Wallis system, ISD cervical disc replacement made [...]

Abbott (NYSE:ABT – News) today announced it has received U.S. Food and Drug Administration (FDA) approval for the XIENCE nano™ Everolimus Eluting Coronary Stent System for the treatment of coronary artery disease in small vessels. XIENCE nano, which is based on the same platform as the XIENCE V® Everolimus Eluting Coronary Stent System, offers physicians [...]

The regenerative medicine folks at Histogenics Corporation are generating some excitement as they move forward with a new company and a new person at the helm. Histogenics has announced that it has acquired ProChon BioTech Ltd. in a stock-for-stock exchange. Leading the new management team will be President & CEO Patrick O’Donnell, formerly CEO of [...]