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 [...]

Investing in a medical device company these days does not come cheap. Venture capitalists said at a panel during Thursday’s MedTech Investing Conference in Minneapolis that the cost and risk of bringing medical device start-ups to market has gotten so expensive, it has caused at least one of them to change their business model. Jan Garfinkle, [...]

In a letter to federal regulators yesterday, Carlsbad, CA-based AutoGenomics withdrew its filing for an initial public offering, which the company submitted in July, 2008. The company said at that time that its IPO would be made only by means of a prospectus, with J.P. Morgan Securities Inc. acting as the sole book-running manager of the offering. CEO [...]

The Tijuana Economic Development Council (Tijuana EDC) recently published a White Paper that highlights an annual growth of 8.7% in employment of the Medical Device sector since 2004, reaching over 30,000 workers, concentrated in 40 medical manufacturing companies, such as Care Fusion, Medtronic, DJO Global and GreatBatch among others. This number makes Tijuana the premier [...]

Medical device company Baxter Canada will close its Sherbrooke, Que., plant on Dec. 9, putting 135 people out of work. The company plans to relocate production to other plants in the United States, Costa Rica and Singapore that are already making its products. The Sherbrooke plant made medical devices for intravenous interventions.   http://www.metronews.ca/vancouver/business/article/864598–baxter-canada-shuts-sherbrooke-plant

The FDA warns a trio of companies that offer direct-to-consumer genetic tests on medical claims made in their marketing campaigns. The FDA formally warned three providers of direct-to-consumer DNA tests about medical claims the companies make that the federal watchdog agency hasn’t approved. The FDA wants the companies; American International Biotechnology Services, Lumigenix Inc and [...]

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. [...]

Minneapolis, Minnesota April 27, 2011 and Tokyo, Japan April 28, 2011 — Toshiba Medical Systems Corporation (“TMSC”) and Vital Images, Inc. (Nasdaq:VTAL – News) (“Vital Images”) announced today that they have entered into a definitive agreement pursuant to which a subsidiary of TMSC (“Merger Sub”) will acquire all of the outstanding shares of common stock [...]