Equipment and Services Health Care Equipment and Supplies

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  • Feb 2- Swiss-based communication equipment maker TE Connectivity Ltd said it would buy medical device maker Creganna Medical Group for $895 million, expanding in the fast-growing business of supplying equipment for minimally invasive procedures. TE bought another catheter systems maker, AdvancedCath, for $190 million in February 2015.

  • Feb 2- Communication equipment maker TE Connectivity Ltd said it would buy Ireland- based medical device maker Creganna Medical group for $895 million in cash.

  • Feb 1- Medical device maker Stryker Corp said it would buy Sage Products LLC, which makes products used in intensive care units, from private equity firm Madison Dearborn Partners for $2.78 billion. The Kalamazoo, Michigan- based device maker also raised its 2016 adjusted earnings forecast by 5 cents to $5.55 -5.75 per share. J.P. Morgan Securities LLC is the...

  • Feb 1- Medical device maker Stryker Corp said it would buy Sage Products LLC, which makes products used in intensive care units, from private equity firm Madison Dearborn Partners for $2.78 billion.

  • SHANGHAI, Jan 29- Alibaba Health Information Technology Ltd's role in a regulatory platform tracking drug sales was brought into the spotlight after a pharmacy chain said it had filed a lawsuit alleging the arrangement gave Ali Health an unfair advantage. Hunan- based Yontinhe Group posted a notice on its website on Tuesday which said it was suing the China...

  • *Sees 2016 adj profit $3.95- $4.05/ shr vs est $4.14. Q4 adj profit $1.02 vs est of $1.01. The company also said it expects 2016 adjusted profit of $3.95 to $4.05 per share, below the average analyst estimate of $4.14 per share.

  • Jan 27- Medical device maker St. Jude Medical Inc's quarterly profit more than halved as sales in its cardiac rhythm management business continued to fall. For the fourth quarter ended Jan.2, earnings attributable to the company fell to $113 million, or 39 cents per share, from $245 million, or 84 cents per share a year earlier.

  • *Novartis plans to sell cloud-connected inhaler by 2019. *Part of companies' push into "Medical Internet of Things". ZURICH, Jan 26- Novartis wants every puff of its emphysema drug Onbrez to go into the cloud.

  • Jan 25- A U.S. federal appeals court on Monday overturned the convictions of the former chief executive officer and chief financial officer of surgical device maker ArthroCare Corp for engineering what federal prosecutors called a $750 million securities fraud. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with former CEO Michael Baker and...

  • Jan 25- Healthcare IT company Cerner Corp's Chief Executive, Neal Patterson, said he had been diagnosed with a curable soft tissue cancer and that he planned to start treatment immediately. The Kansas City, Missouri- based company's shares were down about 1.27 percent at $56.65 on Monday. JPMorgan Chase& Co CEO Jamie Dimon revealed in July 2014 that he had a curable...

  • *Riyadh investment conference draws officials, businessmen. RIYADH, Jan 25- Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeting and presentation at a luxury Riyadh hotel was held...

  • Jan 25- Healthcare IT company Cerner Corp Chief Executive Neal Patterson has been diagnosed with soft tissue cancer and plans to start treatment immediately while continuing to stay involved in the business, the Wall Street Journal reported. Kansas City, Missouri- based Cerner did not immediately respond to Reuters' request for comment.

  • Jan 25- Healthcare IT company Cerner Corp's chief executive, Neal Patterson, has been diagnosed with soft tissue cancer and plans to start treatment immediately, the Wall Street Journal reported on Monday. The type of cancer Patterson has is curable, and there isn't any evidence of it spreading anywhere else in his body, the Journal reported, citing a note the CEO...

  • *Low oil prices call traditional strategy into question. RIYADH, Jan 24- Saudi Arabia aims to at least double annual inflows of foreign direct investment over the next 10 years by focusing on new sectors such as mining, health care and information technology, the head of its investment agency said on Sunday. The plan outlined by Abdullatif al-Othman, governor of...

  • In an interview with CNBC, the NIH director said people may be "a little cynical" because of cancer's casualty rate, but researchers 'had its number.'

  • Illustration of St. Jude Medical's LibraXP device

    St Jude Medical Inc said the FDA has issued a Class I recall on faulty parts of its devices implanted into patients to control irregular heartbeats.

  • The company said on Tuesday that it expected to record pre-tax restructuring charges of $2.0 billion to $2.4 billion in connection with these plans, of which about $600 million will be recorded in the fourth quarter of 2015.. The restructuring is expected to result in annualized pre-tax cost savings of $800 million to $1 billion, J&J said.

  • In connection with its plans, J&J said it expected to record pre-tax restructuring charges of $2 billion to $2.4 billion, of which about $600 million will be recorded in the fourth quarter of 2015..

  • Jan 15- The U.S. Food and Drug Administration on Friday issued draft guidelines to medical device makers on how to protect patients from cybersecurity vulnerabilities in their devices. Joshua Corman, founder of I Am The Cavalry, a cybersafety advocacy group who worked with the FDA on the guidance, said he was extremely encouraged by the agency's action.

  • Jan 15- The U.S. Food and Drug Administration on Friday issued draft guidelines to medical device makers on how to protect patients from cybersecurity vulnerabilities in the devices. "Cybersecurity threats to medical devices are a growing concern," the agency said in a statement. "The exploitation of cybersecurity vulnerabilities presents a potential risk to...