The largest privately owned medical device company in the world Cook Medical is to invest up to €16.5m over four years in a new R&D operation in Limerick. Established in Limerick in 1996, Cook Medical’s Irish operation has grown from eight employees to more than 630, becoming one of the leading medical device employers in the country. [...]

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 [...]

Smith & Nephew (NYSE:SNN) laid off 80 employees following the merger of its Andover, Mass.-based endoscopy unit and its Memphis, Tenn.-based orthopedic reconstruction unit, according to a report in the Memphis Commercial Appeal. The British orthopedic giant announced that it would combine the two units in July, alongside the resignation of Memphis-based orthopaedic reconstruction president Joseph [...]

Don O’Hearn is K2M, Inc.’s new Senior Vice President of Sales in the Americas. The company announcement on December 13 stated that the appointment of O’Hearn is “an important milestone in the company’s strategic plan to become a global leader in the spine market. With O’Hearn’s 20 years of medical industry expertise, K2M’s President and [...]

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 [...]

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 [...]