The largest privately owned medical device company in the world Cook Medical is to invest up to €16.5m over four years in a new R&D operation in Limerick. Established in Limerick in 1996, Cook Medical’s Irish operation has grown from eight employees to more than 630, becoming one of the leading medical device employers in the country. [...]

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 [...]

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. [...]

ST. PAUL, Minn.–(BUSINESS WIRE)–St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced regulatory approval from the Japanese Ministry of Health, Labor and Welfare (MHLW) of the Penta™ surgical lead for neurostimulation therapy to manage chronic pain.   The Penta surgical lead addresses complex pain patterns like low back pain and arm and [...]

Shares of CardioNet Inc. plunged Wednesday after the heart device maker said the U.S. Department of Justice is investigating allegations CardioNet may have overcharged Medicare. THE SPARK: CardioNet disclosed Tuesday that it received a civil investigative demand from the Justice Department. According to the company, the agency said it is looking into allegations CardioNet used [...]

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 [...]

Cordis Corporation, a worldwide leader in the development and manufacture of interventional vascular technology, today announced the approval of the EXOSEAL™ Vascular Closure Device in the US. EXOSEAL™ incorporates a number of new advances in technology and simplicity of design to provide precise and secure extravascular arterial closure.   ”We are very pleased to announce [...]

WASHINGTON—The outgoing chief executive of Medtronic told employees Monday he will continue to lead the medical device manufacturer as its board of directors continues the search for a replacement. Minneapolis-based Medtronic previously announced that Hawkins would step down on April 29, the close of the company’s fiscal year. In a note to employees, Hawkins said [...]

Boston Business Journal — Boston Scientific Corp. (NYSE: BSX) has announced that a shipment of medical devices was stolen last month on its way to the company’s sterilization facility. The Natick, Mass.-based medical device company said that the devices, which include endoscopy and urology/women’s health devices, could cause infection, since they were not yet sterilized. [...]

Bothell-based medical-device manufacturer Cardiac Science has notified the state Employment Security Department it will lay off 54 employees this summer. The move comes four months after Opto Circuits of India acquired Cardiac for roughly $55 million. Cardiac Chief Operating Officer Bob Odell said local jobs in finance, customer support and order entry are being moved [...]