Growing old and frail in prison Nov 14, 2009
Some states, such as Virginia and Pennsylvania, have built geriatric prison facilities that resemble mini-hospitals, equipped with medical devices and oxygen tanks. Prisons are being licensed as acute-care settings with a crew of registered nurses, correctional health experts say. (CNN)
Health Care Bill Nov 14, 2009
Hospital admissions, payments to physicians, and allocations of necessary medical devices will be strictly controlled. As scary as all of this is, it just scratches the surface. (Park Hills Daily Journal, MO)
FDA tackles drug marketing on social media Nov 13, 2009
The two-day public hearing, convened by the Food and Drug Administration, aims to find out if the agency needs to specifically regulate how drugs and medical devices under its oversight are promoted on the Internet. "Consumers turn to the Web more often than the traditional channels they historically relied on" such as family, friends and doctors, said Wayne Gattinella, chief executive of WebMD, a site for health information. (MSNBC -- Health)
University offers help to area firms Nov 13, 2009
A recent Strengths, Weaknesses, Opportunities and Threats Analysis/Economic Development Action Plan commissioned by BLADC said the university's most promising research that could produce results for businesses in the Brainerd lakes area would involve energy-related items, components for medical devices and sensor manufacturing. Area businesses can learn more about the Office of Business Relations on the Web at www. (Brainerd Daily Dispatch)
Shameful secret: It's possible to recover a life lost to hoarding Nov 12, 2009
Each morning, she'd go to her job at a medical devices company, but came home to her apartment in Little Canada, Minn. unable to cope, or to make a decision. (Herald Online, SC -- Lifestyles)
* Russian leech grower taps into rising demand Nov 11, 2009
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- World)
Symmetry to expand Penang plant Nov 11, 2009
We are particularly interested in engaging engineers with experience in the medical devices sector ... Moore said the group was also mulling investing in the design and development for medical devices for the endoscopy industry ... Our present medical devices for the orthopaedic industry generates about 70% of group revenue, the endoscopy segment about 20% and aerospace devices the remainder, he said. (The Star Online, Malaysia -- Business)
St. Jude Medical leaves trade group AdvaMed over tax proposal Nov 11, 2009
is pulling out of the Advanced Medical Technology Association, citing a disagreement over congressional proposals to tax medical devices to help pay for health care reform ... AdvaMed has proposed that medical devices that are more complex should be taxed more a situation that would disadvantage med-tech firms, including Little Canada-based St. Jude, that specialize in high-tech products such as defibrillators ... Another maker of complex medical devices, Fridley-based (NYSE: MDT), also opposed... (Twin Cities Business Journal, MN)
Health care issues: Tax increases for overhaul Nov 10, 2009
5 percent tax on the sale of medical devices. The Senate Finance Committee bill would impose new taxes on insurance companies, drugmakers and medical device manufacturers. (Atlanta Journal-Constitution -- World)
Readers share their views on health care reform Nov 10, 2009
The bill pulls every M.D. who is currently seeing Medicare patients into the public system, without a system in place to opt out; essentially blocks malpractice reform; does not include Medicare rate audit reform; does not increase Health Savings Accounts; puts fees/taxes on many medical devices and services; and increases the tax and administrative burden on businesses and most medical offices in America. There will be 111 new committees to oversee the work I do. (Anchorage Daily News)
Pelosi Bill: 45% Top Tax Rates Coming Nov 9, 2009
Excise Tax on Medical Devices (Page 339): Imposes a new excise tax on medical device manufacturers equal to 2 ... It excludes retail sales and unspecified medical devices sold to the general public. (Newsmax)
Dick Morris: Obama 'Bribed' Pelosi Bill to Victory Nov 9, 2009
So the Senate Finance Committee retaliated by imposing a tax on medical devices such as automated wheelchairs, pacemakers, arterial stents, prosthetic limbs, artificial knees and hips and other necessary accoutrements of healthcare. So these endorsements are not freely given, but bought and paid for by an administration that is intent on passing its program at any cost. (Newsmax)
Donald Baim, 60, heart surgeon, executive Nov 9, 2009
Amid explosive growth in medical device technology, Dr. Baim, who lived in Westwood, worked on new generations of stents and other medical devices until a rare form of cancer cut his life short at age 60. He died Friday at Brigham and Women s Hospital fewer than three months after he was diagnosed with adrenal cancer, according to his family. (Boston Globe)
Cutting Edge: Gadget is netbook and e-reader Nov 9, 2009
The Flexpeaker, which the Taiwanese institute hopes to see incorporated into mobile and medical devices, can also be scaled up - big time. The research institute has already printed a prototype that is more than 8 feet long and over a foot and a half wide. (Boston Globe)
Stocks Ben Graham Might Buy If He Were Alive Now Nov 9, 2009
Based in Natick, Massachusetts, the company makes blood-vessel stents, defibrillators and other medical devices. Questions about the safety and efficacy of drug-coated stents, and about the effectiveness of defibrillators, have helped push the companys shares down from a 2004 of more than $45 to a recent price of about $8. (Bloomberg -- Columnists)
Green light for $1 trillion reform to US health system Nov 8, 2009
5 percent excise tax on medical devices that the congressional Joint Committee on Taxation estimates would raise $20 billion over 10 years. The House bill also requires that employers 00004000 offer insurance or pay a penalty, with exemptions for businesses with payrolls of less than $500,000. (Sydney Morning Herald -- World)
Jacobs transforms Theragenics Nov 8, 2009
In the past four years, she has been transforming Theragenics into a new company by making strategic acquisitions of three manufacturers of medical devices. There was a major restructuring of the company in 2005 that led to layoffs and a change in direction. (Atlanta Business Chronicle, GA)
ChiNext Exchange Opens Door To Capital For Small Local Firms Nov 8, 2009
The rest are scattered in information technology, energy, telecoms, medical devices, entertainment and electronics. Hardly any enjoy the global profile of big Chinese companies like Sinopec () and China Life Insurance (), which list on big exchanges like the NYSE, Hong Kong and Shanghai. (Investors Business Daily)
House Passes $1 Trillion Legislation to Overhaul U.S. Health Care System Nov 8, 2009
5 percent excise tax on medical devices that the congressional Joint Committee on Taxation estimates would raise $20 billion over 10 years. Employer Mandate. (Bloomberg -- US)
Where the door stays open Nov 8, 2009
The nonprofit maker of medical devices, based in Braintree, defines diversity as inclusive of people with a range of abilities, rather than a range of skin tones. People with physical and intellectual disabilities make up 65 percent of its employees. (Boston Globe)
Study tracks Wash. life sciences sector Nov 7, 2009
The new study defines life sciences in Washington state as companies, nonprofit organizations and academic centers in biopharmaceuticals, medical devices and global health, as well as segments of the agriculture, energy and environmental industries. Most Read Stories. (Puget Sound Business Journal, WA)
Cardiologist and Boston Sci Exec Baim Dies at 60 Nov 7, 2009
The program specialized in training surgeons to use new medical devices, including stents. The mesh-metal tubes are used to prop open arteries after they have been cleared of fatty plaque. (ABC News -- Wire)
Covidien completes Aspect tender offer Nov 7, 2009
Aspect is slated to merge into Covidien s medical devices segment. Covidien (NYSE: COV) operates Covidien Imaging Solutions and Pharmaceutical Products, also known , in St. Louis. (St. Louis Business Journal, MO)
Roper Industries makes acquisitions Nov 7, 2009
has signed a definitive agreement to acquire , a provider of proprietary medical devices. Roper, based in Sarasota, also has acquired the assets of LLC, a provider of software and in-lane hardware systems for toll and traffic solutions, a release said. (Tampa Bay Business Journal, FL)
Coughlin: Medfield, area towns must work to attract biotech Nov 6, 2009
Peter Abair, MassBio s director of economic development, defined biotech as the use of biological processes to solve problems and make useful products including medicines, medical devices, and biofuels. He said the industry had 42. (Medfield Press, MA)
Editorial: Americans need time to understand health care bill prior to vote Nov 6, 2009
5 percent income tax penalty; create a surcharge on "high income" individuals; and create an excise tax on medical devices. The 1,990-page bill was introduced on Oct. 29 as the bill that the House of Representatives might vote on this weekend for health care reform. (The News-Press -- Opinion)
AtriCure suit settlement boosts stock Nov 5, 2009
AtriCure, in a separate news release, said it has reached a tentative agreement with the , the result of a filed in July, alleging False Claims Act violations related to marketing of its medical devices. The company, while denying wrongdoing, has agreed to pay $3. (Cincinnati Business Courier, OH)
Leaders tapped for medical tech group Nov 5, 2009
5 million grant from the N.C. Biotechnology Center to promote medical devices and other technologies in the state, according to an announcement. The chairman of the NCAMTC is J. Greg Davis, CEO of Tryton Medical in Durham. (Triad Business Journal, NC)
Unhealthy Taxes Nov 4, 2009
Among them: an Employer Mandate Excise Tax, an Individual Mandate Surtax, an Excise Tax on Medical Devices, a Surtax on Individuals and Small Businesses, a tax on nonqualified Health Savings Account distributions and a cap on Flexible Savings Account spending. There's even a Medicine Cabinet Tax. (Investors Business Daily)
J&J to slash 7,000 to 8,000 jobs Nov 4, 2009
Jch also sells medical devices and a vast array of consumer products, has boasted annual double-digit profit growth for most of the past century. But it is expected to post flat earnings this year and single-digit growth in 2010, hurt by patent expirations and a weak global economy that has crimped demand for its consumer brands and surgical products. (Yahoo News -- Pharmaceutical Industry News)
Johnson & Johnson workforce will shrink by 8,000 Nov 4, 2009
The unit makes medical devices and tests. In July 2007, the company set a restructuring program that reduced its workforce by 4 percent, or about 4,800 jobs. (Boston Globe)
Johnson & Johnson to cut more than 7000 jobs worldwide Nov 4, 2009
J&J, which makes drugs, consumer products and medical devices, has about 117,000 employees worldwide, which would bring the number of jobs to be eliminated to a range of 7,000 and 8,200. The global restructuring moves are "designed to strengthen the company's position as the world's leading global health care company," the New Brunswick, New Jersey-based firm said. (Sydney Morning Herald -- Business)
The "Costs" of Medical Care: Part II Nov 4, 2009
You can save money by not having as many high-tech medical devices like CAT scans or MRIs, and not using the latest medications. Countries with government-run medical systems have less of all these things than the United States has. (Townhall.com)
Neoprobe loses $25M on accounting charges Nov 3, 2009
The Dublin medical devices developer said late Monday that the loss, which comes out to 34 cents a share, compares with a loss of $1. 89 million, or 3 cents a share, in the same period last year. (Columbus Business First, OH)
New Method Targets Cancerous Tumors Without Harming Healthy Cells Nov 3, 2009
Or they could also go to private industry where their expertise is needed in the development of medical devices. Adapted from materials provided by. (Science Daily)
Lean manufacturing helps companies survive recession Nov 2, 2009
Search hundreds of franchises and business opportunities to find the one that is right for you. Quick Request Form: Request information from your favorite franchises and business opportunities. (USA Today -- Money)
Science Finds Healing in Halloween Horrors Oct 31, 2009
Both have been approved as bona fide "medical devices" by the U.S. Food and Drug Administration to clean up wounds, although they're called "medical maggots" and "medicinal leeches" in scientific circles. In 2005, an FDA panel voted to classify both organisms as "non-exempt, Class II medical devices with special controls." In the case of the maggots, the special "controls" referred to instructions to prevent "escape of adult flies," and, in the case of leeches, a guidance document stating that... (Atlanta Journal-Constitution -- Health)
5 gadgets from the near future Oct 31, 2009
In the past, communication between medical devices was based on ad-hoc and proprietary standards, which offered limited or no interoperability. The latest Bluetooth and IEEE standards developed specifically for medical use changes that. (CNN -- International)
House Healthcare 'Reform' Tops 1900 pages Oct 31, 2009
5 percent tax medical devices that will be passed along to the consumer. There s a new tax on hearing aids, wheelchairs and heart valves and other medical devices that certainly is going to hit people with incomes under $250,000, Camp said ... People of all income levels need medical devices. (Human Events Online)
Don't Bet on a Return to a 'Normal' IPO Market Oct 31, 2009
For the couple thousand entrepreneurs in sectors like medical devices, information technology, and alternative energy who are trying to build companies that might reach $100 million in sales in five to seven years, the millions of dollars it takes to build a company So if VCs can't take their portfolio companies public, their returns suffer. And if their returns suffer, VCs can't raise the money they need to invest in startups, all of which leads to a lack of capital for the founders of... (BusinessWeek)
Obamacare's Medical-Device Tax: Higher Prices, Lower R&D Oct 31, 2009
Case in point: The Senate Finance Committee proposes a brand-new tax on medical devices. Manufacturers of pacemakers, stents, heart valves, artificial hips, motorized wheelchairs, and other therapeutic instruments may have lobbied this tax in half. (Human Events Online)
Merge expands European distribution pact Oct 31, 2009
The expanded distribution agreement now allows , a Pittsburgh-area developer and marketer of medical devices, to distribute CADstream in France, as well as the United Kingdom, Germany and Italy, which Merge described as some of the fastest-growing markets for CAD in the European Union. Merge (NASDAQ: MRGE) said it has been ramping up educational efforts for EU radiologists. (Milwaukee Business Journal, WI)
`Tribal Chiefs' Pressure Reid to Spend More on Health-Care Overhaul Plan Oct 30, 2009
Among other Democrats, Minnesota Senators and want a $40 billion fee on makers of medical devices to be cut in half. Minnesota is home to Minneapolis-based , the worlds largest maker of heart-rhythm devices, and St. Paul-based , also a maker of devices to treat irregular heartbeats. (Bloomberg -- US)
WUSM rated best in region at keeping students from drug industry Oct 30, 2009
They must provide only peer-reviewed literature and technical information related to the use of medical devices in this setting, according to the policy. WUSMs policy has long emphasized the importance of avoiding financial conflict of interest. (Washington University Student Life, MO)
House Dems reveal $894B health plan Oct 30, 2009
5 percent tax on wholesale sales of medical devices, but exempts retail sales ... 5 percent excise tax on the makers of medical devices, expected to raise $20 billion over a decade. (MSNBC -- Politics)
House Dems unveil health bill Oct 30, 2009
5 percent excise tax on the makers of medical devices, expected to raise $20 billion over a decade. Posted in on Friday, October 30, 2009 12:00 am | Tags. (Casper Star-Tribune, WY)
Narcotic Unit to Hold Medication Take-Back Event Oct 30, 2009
Items not accepted: Sharp objects or needles; radioactive medications; bio-hazardous materials; glass thermometers or other medical devices; other household waste. For more information, contact the Franklin County Narcotics Enforcement Unit at 636-239-9700. (Missourian Publishing, MO)
Synergetics profit drops Oct 29, 2009
reported a drop in profit and revenue in the fourth quarter as health-care providers pulled back spending on medical devices ... -based Synergetics USA Inc. (Nasdaq: SURG), led by President and Chief Executive Dave Hable, manufactures and designs medical devices for use in ophthalmic surgery and neurosurgery. (St. Louis Business Journal, MO)
Cuba seeks to broaden talks with US Oct 29, 2009
In 2008, the United States exported $717 million in agricultural products, medical devices, medicine, wood, and humanitarian items to Cuba. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Hopkinton company, employees charged in medical device fraud Oct 29, 2009
A Hopkinton corporation, its former president and its three current sales managers were charged in a federal indictment today with participating in a scheme to fraudulently market medical devices, the U.S. attorney's office in Boston said ... The medical devices involved are used during invasive spinal and long bone surgeries, authorities said ... The indictment says that all of the defendants participated in an illegal marketing scheme to promote medical devices used during invasive surgeries,... (Hopkinton Town Crier, MA)
Melrose company develops a bandage size heart-saver Oct 29, 2009
Greene said two engineers from Cornell University, Biagioni being one, started the company and brought him in based on his 25-year experience in the medical devices field. Jim Miraldi, COO and CFO, was also brought in, to handle the business and marketing side for the engineers idea. (Melrose Free Press, MA)
Sector cobbles jobless comeback Oct 29, 2009
Michael Tamasi, president of Boston Centerless Inc. of Woburn, said that in the past two months, his company has enjoyed record orders for the precision parts it makes for industries, from aerospace to medical devices. Workers are now on the job 42 hours a week, after being cut to 34 hours. (Boston Globe)
Health Tax Madness Oct 28, 2009
The provision in the bill referring to a tax on medical devices resulted in a lot of unflattering attention earlier this month when people realized that the FDA s definition of the term medical device includes items ranging from tongue depressors to tampons. The outcry over that particular bit of nonsense was loud enough that the Committee redrafted the provision to levy the tax against only class II medical devices: those that cost more than $100. (Human Events Online)
Study: Angel investors spend less on more Oct 28, 2009
The sector comprising health-care services, medical devices and equipment was the largest, receiving 28 percent of all capital raised. Software and electronics/hardware each received 14 percent of angel-investor infusions. (Columbus Business First, OH)
A New Round of U.S.-China Trade Talks Oct 28, 2009
The U.S. also wants to whittle down trade barriers affecting medical devices, pharmaceuticals, and energy products. "It is critical that we make progress on [these] priority issues," Locke said on Oct. 21 in Washington. (BusinessWeek)
U.S. seeks more clean energy market access in China Oct 28, 2009
Locke is pressing China on this visit to crack down on piracy of U.S. intellectual property and to open markets for U.S. medical devices and pharmaceutical products, in addition to energy innovations. On Tuesday, Locke said the United States wants China's currency -- which has been effectively pegged to the dollar since the summer of 2008 -- to climb further. (AlertNet)
Medical food reduces medical costs and use of anti-convulsant medication Oct 27, 2009
HealthCore has a team of highly experienced researchers including physicians, biostatisticians, pharmacists, epidemiologists, health economists and other scientists who study the "real world" safety and effectiveness of drugs, medical devices and care management interventions. HealthCore offers insight on how to best use this data and communicates these findings to health care decision-makers to support evidence-based medicine, product development decisions, safety monitoring, coverage... (EurekAlert!)
Trends & Innovations - Monday Oct 27, 2009
Cosmetic medical devices, including DIY laser, are expected to grow to a $1. 3 bil market in 2013, up from just $296 mil in '08, according to a Medical Insights report cited by. (Yahoo News -- Technology)
State Budget Shortfalls Reveal Economic Fallacy Oct 27, 2009
The current Administration in Washington, D.C. is seeking to increase an assortment of taxes on everyone from entrepreneurs to the middle class in the form of increased income tax rates and more mandates, such as higher taxes on health insurance plans, medical devices and individuals who do not purchase insurance. A simple rule to remember is if you make something more expensive, then you will likely get less of it. (Townhall.com)
How to mend a broken heart Oct 26, 2009
The product is already approved in the European Union, where medical devices must demonstrate safety, but not effectiveness in treatment. Groth said Bioheart is collecting clinical data to promote sales there. (South Florida Business Journal, FL)
Malibu dentist aims to ban mercury amalgam fillings (3) Oct 25, 2009
Regardless of how ugly silver fillings look in white teeth, our nation must not judge toxicity of medical devices with an applause meter. Do no harm. (Malibu Times, CA)
Obama Taxes Pacemakers, Heart Valves Oct 25, 2009
The Senate Finance Committee bill includes a broad provision taxing all manner of medical devices. This tax includes such frivolous luxuries as pacemakers, stents, artificial heart valves, defibrillators, automated wheelchairs, mechanized artificial limbs, replacement hips and knees, surgical gurneys, laparoscopic equipment and the like. (Townhall.com)
Covalon Appoints William Jackson as Chief Financial Officer and Board Director Oct 24, 2009
Polymer chemistry and surface coating technology have been combined to create a range of time-release drug delivery platforms that are applied to medical devices to treat many critical conditions. A variety of applications for these technologies have been identified and specific products have been developed. (CCNMatthews Press Releases)
17 LASIK Centers Get Warning Letters Oct 23, 2009
The FDA regulates medical devices, including the lasers used to reshape the cornea in LASIK.. Inspections did not identify problems with the use of the LASIK devices at these facilities, and the FDA did not say where the 17 centers are. (KIRO TV, WA)
Buying Into Cash-Distressed Firms Offers Investors Way to Follow Buffett Oct 22, 2009
66, is chairman and founder of in Plainsboro, New Jersey, which manufactures medical devices. He invested $3 million last year in Colmar, Pennsylvania-based CeeLite Technologies LLC, a maker of flat-panel lighting products. (Bloomberg -- US)
