Equipment and Services Health Care Equipment and Supplies

More

  • NEW YORK, June 14- Medical device maker Biomet Inc breached a deferred prosecution agreement it reached in 2012 to resolve a foreign corruption investigation, U.S. prosecutors said in a court filing. In a status report filed in federal court in Washington, D.C. on June 6, the U.S. Department of Justice said Biomet breached the agreement through activity in Brazil...

  • Elizabeth Holmes, founder and CEO of Theranos

    Walgreens says it will close all 40 Theranos Wellness Centers and will no longer offer any Theranos services at any of its stores.

  • June 8- Medical device maker Boston Scientific Corp said on Wednesday it would undergo a global restructuring program that is expected to save the company up to $150 million by 2020.. The company said it expects to incur total pre-tax charges of about $175 million to $225 million as a result of the program. The program, which will cut gross annual pre-tax...

  • June 7- Zimmer Biomet Holdings Inc agreed to buy fellow medical device maker LDR Holding Corp for about $1 billion deal to expand in the market for treating spine disorders. The $37 per share offer represents a premium of about 64 percent to LDR's Monday close. The company's biggest product is Mobi-C CDR, the first and only U.S. Food and Drug Administration...

  • The net worth of Theranos founder and chief executive has dwindled to zero, according to Forbes Magazine.

  • The world's largest standalone medical device maker, which has struggled with the effects of the rising dollar on its overseas sales, said it expected full-year 2017 adjusted earnings of $4.60 to $4.70 per share. Analysts on average were forecasting $4.70 per share, according to Thomson Reuters I/B/E/S. "Continued lack of sustainable positive operating...

  • The world's largest standalone medical device maker said it sees full-year 2017 adjusted earnings of $4.60 to $4.70 per share, compared to analysts' average estimate of $4.70, according to Thomson Reuters I/B/E/S. The company earned $1.10 billion, or 78 cents per share, in the fourth quarter ended April 29, compared with a loss of $1 million, a year earlier.

  • NEW YORK, May 24- California has accused Johnson& Johnson of failing to warn doctors and patients about the severity and frequency of complications associated with its pelvic mesh devices. "Johnson& Johnson put millions of women at risk of severe health problems by failing to provide critical information to doctors and patients about its surgical mesh...

  • SAN FRANCISCO, May 20- A San Francisco- based company has won a U.S. government-sponsored competition with an alcohol monitoring devices that can be worn on the wrist, the latest milestone in the development of wearable technologies that monitor and diagnose medical conditions. BACtrack, a privately held medical device maker, took the $200,000 top prize in the...

  • May 20- American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing "a pyramid of businessmen, doctors and lawyers" of luring women into unwarranted surgeries to remove the implants and inflate their damages claims. The company, a unit of Ireland- based Endo International, has set aside $1.9 billion to settle as...

  • May 18- Buyout firm Onex Corp has revived an auction for Carestream Health that could value it at more than $3 billion, including debt, and is exploring a break up of the U.S. medical imaging company, people familiar with the matter said. Carestream is now working with Goldman Sachs Group Inc to find a buyer for its film and digital medical imaging business, while...

  • May 18- Medtronic Inc, the world's largest standalone medical device maker, wants to slice deeper into the minimally invasive surgical products market and is buying its way in. Separately, Medtronic also bought Smith& Nephew Plc's gynecology unit for $350 million to gain access to a surgical platform that helps remove abnormal uterine tissue such as polyps and...

  • Alex Gorsky chairman and CEO Johnson & Johnson.

    J&J's consumer brands and medical devices units are poised for growth following turnaround efforts, CEO Alex Gorsky says.

  • Ingestible origami robot

    Researchers at MIT have designed an ingestible "robot" that can unfold inside the body, The Verge reports.

  • Bento Lab's portable, do-it-yourself DNA analysis kit

    A London start-up has invented a do-it-yourself DNA kit consumers can use to test the "athlete gene" — and other genetic identity markers.

  • NEW YORK, May 2- The sluggish U.S. economy is proving to be a relief for U.S.-based companies struggling under the weight of the strong dollar and could lead to more positive earnings surprises in the weeks ahead. Companies including Whirlpool Corp, Johnson& Johnson, and Xerox Corp have told investors over the last two weeks that they see the pain from the dollar's...

  • An early model of Hewlett Packard Labs’ The Machine

    A huge Hewlett Packard Enterprise project hopes to use massive data sets to better craft medical treatments and medicines for patients.

  • NEW YORK, April 28- When Abbott Laboratories said on Thursday it would buy heart device company St. Jude Medical Inc for $25 billion, it set off a flurry of Wall Street speculation over whether Abbott Chief Executive Miles White is laying groundwork to split the company yet again. Jude, Abbott is creating a cardiovascular device division with more than $8 billion...

  • *Apple shares sink after Carl Icahn comments. "This really personifies how important central bank policy is on the market," said Jack Ablin, chief investment officer at BMO Private Bank. Jude Medical soared 26.3 percent to $78.22 after Abbott Laboratories said it agreed to buy the medical device maker for $25 billion.

  • Jude Medical soars after $25 bln offer from Abbott. Facebook jumped as much as 10.9 percent to a record of $120.79, a day after the company reported a 50 percent rise in revenue. Jude Medical soared 27.2 percent to $78.77 after Abbott Laboratories said it agreed to buy the medical device maker for $25 billion.