MOUNTAIN VIEW, Calif., Jan. 9, 2012 (GLOBE NEWSWIRE) — Conceptus, Inc. (Nasdaq:CPTS – News), developer of the Essure(R) procedure, the leading non-surgical permanent birth control method, announced today the Company’s decision to discontinue its promotion of the GYNECARE THERMACHOICE(R) Uterine Balloon Therapy System to U.S. OB/GYN physician offices. The product is manufactured for and marketed [...]

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 [...]

AUSTIN, Texas, Nov 28, 2011 (BUSINESS WIRE) — ArthroCare Corp., a leader in developing state-of-the-art, minimally invasive surgical products, announced that it has reached an agreement in principle to settle the private securities class action suits pending against the Company and two of its former officers. These suits were previously consolidated into the action titled [...]

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 [...]

* 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 [...]

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, [...]