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 [...]

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 [...]

* To cut 51 jobs; already reduced 29 positions * To reduce the rest 22 over fiscal 2012 * Sees $1.7 mln charge in Q2; rest in H2 fiscal 2012 Nov 16 (Reuters) – Medical device maker Accuray Inc said it would cut about 5 percent of its workforce, or 51 jobs, to reduce cost [...]

An unidentified medical device manufacturer is considering construction of a facility on Colorado Springs’ far north side that could employ more than 500 people. The company is looking to initially build 137,000 square feet of office and manufacturing space on nearly 18 acres southwest of Voyager Parkway and Republic Drive, east of Interstate 25, according [...]

The FTSE 100 medical devices manufacturer has said it will increase its research and development budget by $300m (£186m) over the next five years and plans to set aside 20pc of this for emerging markets. The investment comes as Smith & Nephew sharpens its focus on countries such as Brazil, Russia, China and India, with [...]

Citing the upcoming 2.3% medical device tax as well as a desire to drive continued growth, Stryker Corporation says it’s going to cut approximately 1,000 jobs by the end of 2013 to reduce costs by over $100 million beginning in 2012. A November 10 announcement said the company was going to cut its global workforce [...]

CareFusion is to create 35 new jobs at its manufacturing centre in Gort, Co Galway. The global medical device company has its headquarters in San Diego, and employs over 15,000 worldwide. Originally formed in Ireland, CareFusion now employs 15,000 people globally However, the firm was originally established in Ireland in 2006, with just 12 employees. [...]

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 [...]

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 [...]