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 [...]

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. [...]

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 [...]

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 [...]

10/7/2011 7:04:54 AM By Eli Segall, Reporter – Silicon Valley / San Jose Business Journal   Government regulators on Thursday filed fraud charges against two former sales executives at Mountain View medical equipment company Hansen Medical Inc. Christopher Sells, former vice president of commercial operations at Hansen, and Timothy Murawski, a former vice president of [...]

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 [...]

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 [...]

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 [...]

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 [...]