Posted on February 8th, 2010
Boston Scientific Corp. (NYSE:BSX) will pay Johnson & Johnson (NYSE:JNJ) $1.725 billion to settle a quartet of patent infringement lawsuits concerning the companies’ lines of cardiovascular stents.
The Natick, Mass.-based medical devices monolith agreed to the settlement, which calls for it to pay J&J $1 billion today and the rest in about a year, said it [...]
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Posted on February 4th, 2010
In a significant development for congenital heart disease patients, Medtronic, Inc. (NYSE: MDT), announced today that its Melody® Transcatheter Pulmonary Valve has received U.S. Food and Drug Administration (FDA) approval under a Humanitarian Device Exemption (HDE). This innovative medical device is the first transcatheter heart valve to receive FDA approval.
Delivered through a catheter requiring only [...]
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Posted on February 4th, 2010
The Food & Drug Administration is asking Congress to foot its $4.03 billion bill to overhaul its own operations and increase its scrutiny of the medical device, pharmaceutical, food and tobacco industries.
As it lays out its ambitious plans for fiscal 2011 and beyond, the federal watchdog agency wants a 23 percent boost to its annual [...]
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Posted on January 18th, 2010
Diagnostic Hybrids, a leading developer of in vitro diagnostic fluorescent staining kits and cell culture products, announces the U.S. Food and Drug Administration (FDA) (510k) clearance of its D3 FastPointTM L-DFATM RSV/MPV Identification Kit, which allows for the identification of respiratory syncytial virus and human metapneumovirus from a patient’s specimen in under 25 minutes. The [...]
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Posted on January 18th, 2010
MediSens Wireless, a startup company in UCLA’s on-campus technology incubator at the California NanoSystems Institute, has obtained approval under federal Food and Drug Administration guidelines to begin clinical trials on its novel wireless body-monitoring system, which assesses muscle and neuromotor functions in the upper extremities.
The Clinical Movement Assessment System (CMAS) is designed for a wide [...]
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