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Health Care Equipment and Supplies

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  • BEIJING, May 12- Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival JD.com Inc.. The service will launch in five Chinese cities, including Beijing and Shanghai, and expand to 19 by the end of 2015, Alibaba said on Tuesday. Alibaba's biggest e-commerce challenger is JD.com,...

  • MUMBAI, May 1- After losing top engineering talent for years to America's tech heartland of Silicon Valley, India is luring them back as an e-commerce boom sparks a thriving start-up culture, unprecedented pay, and perks including free healthcare for in-laws. "The appetite for finding engineering talent... is great," said George Kaszacs of Silicon Valley- based...

  • April 28- Medical device maker Boston Scientific Corp cut its full-year revenue and profit forecasts as it continues to bear the brunt of charges from a number of lawsuits. Boston Scientific said in February it would pay Johnson& Johnson $600 million to settle a long-running lawsuit over Boston Scientific's acquisition of rival Guidant in 2005..

  • Boston Scientific posts loss on litigation costs Tuesday, 28 Apr 2015 | 7:22 AM ET

    April 28- Medical device maker Boston Scientific Corp reported a quarterly net loss due to one-time charges, including litigation costs of $193 million. The company reported a net loss of $1 million for the first quarter ended March 31, compared with a profit of $133 million a year earlier. Excluding charges, the company earned 21 cents per share.

  • April 27- Medtronic Plc has agreed to stop manufacturing and distributing its SynchroMed implantable drug pump, U.S. regulators said on Monday, a step toward resolving allegations that the company violated quality standards with the device which delivers pain medication to cancer patients and others. Medtronic failed to correct problems that could lead to...

  • April 27- Medtronic Plc has agreed to resolve U.S. regulators' allegations it violated quality standards for making its SynchroMed implantable infusion pump, which delivers medications to cancer patients and others with chronic pain. The agreement includes Medtronic Chief Executive Omar Ishrak and Senior Vice President Thomas Tefft.

  • April 27- Medical device maker Medtronic Plc said it reached a settlement agreement with the U.S. Food and Drug Administration over one of the company's drug delivery systems. The consent decree places some restrictions on the company and outlines the steps it must take to address the FDA's expectations, the company said on Monday. The agreement does not...

  • REUTERS BUSINESS NEW SCHEDULE AT 1830 GMT/2:30 PM ET Monday, 27 Apr 2015 | 2:38 PM ET

    Apple Inc is expected to report a 20 percent increase in quarterly profit and that iPhone sales in China surpassed those in the United States for the first time., expect by 1930 GMT/ 4:30 PM ET, by Bill Rigby, 200 words). -BARRICK GOLD-RESULTS/, expect by expect by 1930 GMT/ 4:30 PM ET, 200 words). U.S. stocks move lower as healthcare stocks led by Amgen drag on the three major...

  • UPDATE 1-FDA approves AcuFocus' corneal implant Friday, 17 Apr 2015 | 6:37 PM ET

    April 17- The U.S. Food and Drug Administration approved AcuFocus Inc's corneal implant to improve vision in patients with presbyopia, an age-related eye disorder. The device, KAMRA inlay, is the first implantable device to correct vision in patients who have not had cataract surgery, the FDA said in a statement on Friday. The FDA, however, warned that the device...

  • FDA approves AcuFocus' corneal implant Friday, 17 Apr 2015 | 5:49 PM ET

    April 17- The U.S. Food and Drug Administration approved AcuFocus Inc's corneal implant to improve vision in patients with presbyopia, an age-related eye disorder. The device, KAMRA inlay, is the first implantable device to correct vision in patients who have not had cataract surgery, the FDA said in a statement on Friday. Presbyopia is a condition associated...

  • NEW YORK, April 12- Medical researchers call it the "Angelina Effect," the surge in demand for genetic testing attributable to movie star Angelina Jolie's public crusade for more aggressive detection of hereditary breast and ovarian cancer. But there's a catch: Major insurance companies including Aetna, Anthem and Cigna are declining to pay for the latest...

  • April 1- NuVasive Inc said Chief Executive Office Alex Lukianov resigned after an independent investigation showed he had not complied with the medical device maker's expense reimbursement and personnel policies. The company said the amounts involved were not material to financial results. NuVasive also appointed board member Greg Lucier as interim CEO.

  • GENEVA- SAUDI-LED COALITION MEMBERS BLOCKING PLANE CARRYING RED CROSS MEDICAL SUPPLIES FROM LANDING IN SANAA, YEMEN- ICRC SPOKESWOMAN.

  • SHANGHAI, March 31- Alibaba Group Holding Ltd's healthcare subsidiary will tie-up with Zhejiang DiAn Diagnostics Co Ltd to help develop an online hospital platform, the diagnostics firm said in a filing late on Monday. Ali Health is looking to leverage technology to overhaul China's fragmented healthcare market, which suffers from an under-supply of...

  • *Company estimates India has about 800,000 paraplegics. March 27- ReWalk Robotics Ltd plans to launch its wearable robotic exoskeleton device in India by the second quarter of 2015, Chief Executive Larry Jasinski said. The company will launch the device in north India through a deal with New Delhi- based surgical products distributor Saimed Innovations.

  • March 24- Merck& Co Inc said on Tuesday that it would stop a large study of its Keytruda melanoma treatment early because an independent monitoring committee determined the drug succeeded in its goal of prolonging survival in previously untreated patients at advanced stage of the disease. The medicine, a PD-1 inhibitor that works by taking the brakes off the...

  • March 16- A minimally invasive procedure that allows doctors to implant a new heart valve supplying blood to the body is safe for low-risk patients, according to a study presented at the American College of Cardiology meeting in San Diego. Samir Kapadia, a cardiologist at the Cleveland Clinic in Ohio. The results presented Sunday are of particular interest for...

  • The FDA action followed reports last month that hundreds of patients may have been exposed to pathogens, including antibiotic-resistant "superbugs," after flexible tubes called duodenoscopes were not properly disinfected between patients. The recommendations are based on draft proposals the FDA released for public comment in 2011 but never put into...

  • UPDATE 1-FDA says panel to discuss "superbug" spread Thursday, 12 Mar 2015 | 10:46 AM ET

    The gastroenterology and urology devices panel would meet on May 14-15, FDA said on Thursday. A top FDA official said earlier this month that manufacturers' tests of procedures to clean medical scopes linked with "superbug" outbreaks contained flaws that render their cleaning instructions unreliable. Olympus Corp, Fujifilm Holdings Corp and Pentax Medical...

  • In a letter released on Wednesday, the organization urged Health and Human Services Secretary Sylvia Burwell to withdraw the proposal, saying pharmaceutical companies could "sell more drugs by making them seem safer than FDA has judged them to be." The FDA said it would allow distribution of new information in medical journals showing that the severity or...