CHARLOTTE, N.C., Jan. 6, 2012 /PRNewswire/ — USHIFU, LLC (US HIFU), a world leader in minimally invasive high intensity focused ultrasound (HIFU) technologies, appointed Michael Klein as the company’s new chief executive officer and member of the board of directors. Mr. Klein brings more than 30 years of experience in oncology and the medical device industry to US HIFU, [...]

BEDFORD, Mass., Dec. 15, 2011 /PRNewswire/ — Hologic, Inc. (Hologic or the Company) (Nasdaq: HOLX), a leading developer, manufacturer and supplier of premium diagnostic products, medical imaging systems and surgical products dedicated to serving the healthcare needs of women, announced today that the U.S. Food and Drug Administration (FDA) has approved its Cervista HTA (high [...]

Medical device company TransEnterix has closed on $15 million in financing as the firm continues to build sales for its minimally invasive surgical system. “We have great plans and expectations for this financing,” CEO Todd Pope said in an e-mailed statement. “While I won’t go into detail now, I would emphasize that this financing was spearheaded by [...]

TOKYO & BOTHELL, Wash.–(BUSINESS WIRE)– FUJIFILM Holdings Corporation (TSE: 4901, hereinafter: Fujifilm), a diversified technology company that operates in healthcare, highly functional materials, and document solutions, announced today that it has entered into a definitive agreement with SonoSite, Inc. (NASDAQ: SONO, hereinafter: SonoSite), a pioneer and leader in bedside and point-of-care ultrasound technology, pursuant to [...]

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 [...]

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 [...]

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 [...]

Source: Wikimedia Commons, Morgue File, Jason Howell, Jade and RRY Photo Manipulation Orthopedic surgeon Arun Mullaji of Breach Candy Hospital and Lilavathi Hospital, Mumbai, performed the first iPod Touch assisted knee replacement surgery in Asia. The patient, a 75-year-old man, was able to walk the same day that the surgery was conducted. Smith & Nephew [...]

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 [...]

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 [...]