Equipment and Services Health Care Equipment and Supplies

  • BOSTON— Tufts University in Boston is receiving a $15 million donation to expand its anatomy lab where medical students dissect cadavers. Tufts plans to build an expanded anatomy lab with new medical imaging equipment and room for more than 200 students and faculty. Medical students at Tufts and many other schools learn anatomy by dissecting cadavers.

  • NEW YORK— Johnson& Johnson said Friday that it is paying more than $4.3 billion in cash to buy the eye health unit of Abbott Laboratories as it seeks to boost its vision business. Johnson& Johnson said that the purchase will enter it into the cataracts surgery market and grow its own vision business, which includes Acuvue contact lenses. Shares of Johnson& Johnson...

  • PORTLAND, Ore.— Oregon settled with a California software giant in a lawsuit that accused Oracle America Inc. of collecting tens of millions of dollars to create a state health care exchange website that didn't work. The state initially asked for more than $6 billion in punitive damages when it filed the lawsuit in 2014 against the Redwood Shores, California...

  • "There's always a lump in your throat because you don't know what you're going to get," says Darren Ambler, a managing director at Insight Performance, a Dedham, Massachusetts- based human resources provider. Several medium-sized clients of The Megro Benefits Co., a consulting company, are facing 38 percent increases in their 2017 premium costs.

  • Sept 8- Medical device maker Abbott Laboratories and Alere Inc agreed on Thursday to work with a mediator to settle their dispute over Abbott's role in obtaining U.S. antitrust clearance for its $5.8 billion takeover of the diagnostics company, but Alere voiced concern about the speed of the process. The companies are considering using former Delaware...

  • Jude Medical Inc on Wednesday sued short-selling firm Muddy Waters and cybersecurity company MedSec Holdings Ltd, saying they intentionally disseminated false information about its heart devices to manipulate its stock. Muddy Waters, run by Carson Block, said in late August that St. A spokesman for Muddy Waters and MedSec said in an emailed statement, "It is...

  • Jude Medical Inc on Wednesday filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd, saying they intentionally disseminated false information about its heart devices to manipulate its stock. Jude's shares fell sharply on Aug. 25 after Muddy Waters, run by Carson Block, said it had taken a short position in...

  • Sept 6- Danaher Corp said on Tuesday it would buy molecular diagnostics company Cepheid in a deal valued at $4 billion, including debt, to strengthen its diagnostics business. Danaher will pay $53 per share in cash, a premium of 54 percent to Cepheid's close of $34.42 on Friday. 1/ 8 nPn10sKcxa. Cepheid had revenue of $539 million last year, and is expecting $618...

  • Aug 31- Tecomet Inc, a privately held U.S. contract manufacturer of medical devices and surgical instruments, is exploring a sale that could value it at more than $1 billion, including debt, according to people familiar with the matter. Genstar Capital, the private equity firm that owns Tecomet, has hired investment bank William Blair& Company, LLC to run an auction...

  • The report, which caused St Jude shares to decline after its release on Thursday, alleged there were significant security bugs in the company's Merlinzhome device for monitoring implanted heart devices. St. Jude initially responded on Thursday with a terse statement from its chief technology officer, Phil Ebeling, who said "the allegations are absolutely...

  • Aug 26- Medical device manufacturer St. Jude Medical Inc said on Friday that a report by short-selling firm Muddy Waters and a cyber-security researcher alleging its heart devices were riddled with bugs was "false and misleading." The report, which caused St Jude shares to decline after its release on Thursday, alleged there were significant security bugs in the...

  • St. Jude refutes Muddy Waters' claims

    Carson Block, Muddy Waters Research founder, and Justine Bone, MedSec Holdings CEO, discuss St. Jude and their response to Muddy Water's claims saying the company's cardiac devices are vulnerable to cyber attacks.

  • St. Jude halted for news

    CNBC's Susan Li reports on why St. Jude Medical is being halted from trade.

  • Jude Medical Inc fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall, claiming its implanted heart devices were vulnerable to cyber attacks. Muddy Waters head Carson Block said the firm's position was motivated by research from a cyber security firm, MedSec Holdings Inc, which has a financial...

  • Aug 25- The stock of pacemaker manufacturer St Jude Medical Inc fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall because of cyber security vulnerabilities in the company's cardiac devices. Muddy Waters head Carson Block said his short position in St Jude was motivated by research from a cyber...

  • Aug 25- Shares of medical device maker St Jude Medical Inc fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall because of cyber security vulnerabilities in cardiac devices made by St Jude. Muddy Waters head Carson Block said his short position in St Jude was motivated by research from a cyber...

  • Aug 25- Shares of medical device maker St Jude Medical Inc fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall because of cyber security vulnerabilities in a cardiac device. Shares of St Jude, which agreed in April to be purchased by Abbott Laboratories, were last down nearly 4 percent on heavy volume...

  • Aug 18- The U.S. Food and Drug Administration has widened the use of Edwards Lifesciences Corp's heart valves to patients at intermediate risk of complications if they underwent open heart surgery. The devices, Sapien XT and Sapien 3, have already been approved for use in patients unlikely to survive open-heart surgery or are at high risk for complications.

  • WELLINGTON, Aug 18- ResMed Inc said on Thursday it has filed legal action to stop the alleged infringement of its patented technology by New Zealand- based medical device manufacturer Fisher& Paykel Healthcare. ResMed said in a statement it filed legal action with the U.S. International Trade Commission and the U.S. District Court for the Southern District of...

  • Aug 3- Allergan Plc said it would sell its Anda Inc distribution business to Israel's Teva Pharmaceutical Industries Ltd for $500 million, a day after Teva completed its $40.5 billion acquisition of the Dublin- based company's generics business. Anda distributes generic, brand, specialty and over-the-counter pharmaceutical products from more than 300...