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Health Care Equipment and Supplies

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  • CHICAGO, Dec 18- China agreed to cut red tape for imports of U.S. medicines and medical devices and open up its anti-trust procedures, U.S. Commerce Secretary Penny Pritzker said on Thursday after three days of bilateral talks. China agreed to publish the results of administrative proceedings conducted under its anti-monopoly law, which has been criticized for...

  • AMSTERDAM, Dec 17- Philips has agreed to acquire U.S.-based medical device maker Volcano Corp for $1.2 billion including debt, its largest healthcare acquisition in seven years and a bid to cash in on an ageing population's need for more complex treatments. But at $18 per Volcano share, a premium of 57 percent to its Tuesday closing price, Wednesday's deal...

  • Dec 17- Philips will acquire Volcano Corp, a U.S.-based medical device maker, for $1.2 billion including debt, to expand in the image-guided therapy market. Philips will offer $18 per share for Volcano, the companies said in a statement on Wednesday. The offer is at a premium of about 57 percent to Volcano's closing price on the Nasdaq on Tuesday.

  • Fighting hospital-visit infections with LED lights Tuesday, 9 Dec 2014 | 3:59 PM ET
    Colleen Costello (R) and James Peterson.

    Two young engineers invented a product that uses LED lights to fight bacteria and decrease risk of infections in hospitals and public spaces.

  • Dec 8- Medical device maker Stryker Corp will pay the U.S. government $80 million to settle criminal and civil charges that its OtisMed Corp subsidiary sold devices used in knee replacement surgery without approval from the U.S. Food and Drug Administration. The company sold more than 18,000 OtisKnee cutting guides- which are designed to help surgeons make...

  • Dec 8- Medical device maker Stryker Corp will pay the U.S. government $80 million to settle charges that its OtisMed Corp subsidiary sold devices used in knee replacement surgery without approval from the U.S. Food and Drug Administration. The company sold more than 18,000 OtisKnee cutting guides- which are designed to help surgeons make accurate bone cuts in...

  • BlackBerry, NantHealth launch cancer genome browser Sunday, 7 Dec 2014 | 10:44 PM ET

    TORONTO, Dec 7- BlackBerry Ltd and NantHealth, a healthcare-focused data provider, launched a secure cancer genome browser on Sunday, giving doctors the ability to access patients' genetic data on the BlackBerry Passport smartphone. "Our partnership with BlackBerry has really been able to create a scalable super-computer in the palm of the hands of the doctor,"...

  • The figure represents the average premium for the second-lowest-cost silver plan, which is the benchmark plan used to set subsidy levels, the Department of Health and Human Services said. The report from its Office of the Assistant Secretary for Planning and Evaluation covered the costs of plans sold on the website run by the federal government and created...

  • Dec 4- The top U.S. patent appeals court has thrown out a $176 million award for healthcare company Covidien Plc in a dispute with a Johnson& Johnson subsidiary over surgical instruments. Judge Sharon Prost of the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., ruled on Thursday that Covidien's patent claims, which involve surgical cutting tools...

  • Aerospace firms, airports and airlines, universities, energy firms, hospitals, and telecommunications operators based in the United States, Israel, China, Saudi Arabia, India, Germany, France, England have been hit by the campaign, the research firm said, without naming individual companies. The 87- page report comes as governments scramble to better understand...

  • WASHINGTON, Nov 26- Medtronic Inc has won U.S. antitrust approval to buy Dublin- based Covidien Plc on condition that it sell its drug-coated balloon catheter business, the Federal Trade Commission said on Wednesday. Medtronic and Covidien shareholders will vote on the merger on Jan. 6. Medtronic is the world's largest stand-alone medical device maker, with a...

  • FACTBOX-Recent tax inversion proposals Tuesday, 25 Nov 2014 | 1:19 PM ET

    Medical technology company Medtronic Inc said on Nov. 18 that its plan to acquire and adopt the tax domicile of Ireland's Covidien Plc was on track to close in 2015.. High-tech manufacturer Applied Materials Inc plans to buy Japanese rival Tokyo Electron Ltd and reincorporate in the Netherlands. Burger King Worldwide Inc plans to acquire Canadian coffee and...

  • WASHINGTON, Nov 12- Republicans in the U.S. Congress will soon move to kill a medical device tax imposed less than two years ago under President Barack Obama's healthcare law, congressional aides and analysts said on Wednesday. Though no full-scale repeal of Obamacare is expected, even with the Senate now under Republican control, the move against the tax is part...

  • Republican knives out for Obama's medical devices tax Wednesday, 12 Nov 2014 | 5:25 PM ET

    Last week's elections will elevate Republican Senator Orrin Hatch, a long-standing opponent of the tax, to the chairmanship of the tax-writing finance committee in the Senate. Though no full-scale repeal of Obamacare is expected, even with the Senate under Republican control, the move against the device tax is part of efforts to chip away at the law.

  • Nov 11- A U.S. federal court has ordered medical device maker Becton Dickinson and Co to notify customers that it falsely claimed its safety syringes were sharper and wasted less medicine than those of rival Retractable Technologies Inc.. The order, handed down Monday by Judge Leonard Davis in the Eastern District of Texas, follows an award of $340 million in...

  • Nov 4- Medical equipment maker Becton Dickinson& Co reported better-than-expected profit and revenue, helped by strong sales in its diabetes care and drug-delivery businesses. Becton said it expected adjusted earnings from continuing operations to be between $6.76 and $6.83 per share for the year ending September 2015. Net income rose to $301 million, or...

  • CORRECTED-Stryker settles hip implants lawsuit Monday, 3 Nov 2014 | 8:04 PM ET

    Nov 3- Orthopedics company Stryker Corp said its settled a compensation lawsuit related to its hip implant, and said it did not expect the settlement to hurt its profit. Stryker will provide a base payment of $300,000 to patients who received the implant and underwent revision surgery by Nov. 3, to remove and replace the devices, plaintiffs' counsel Wendy...

  • Stryker settles hip implants lawsuit Monday, 3 Nov 2014 | 5:52 PM ET

    Nov 3- Orthopedics company Stryker Corp said its settled a compensation lawsuit related to its hip implant, and said it did not expect the settlement to hurt its profit. Stryker will provide a base payment of $300,000 to patients who received the implant and underwent revision surgery by Nov. 3, to remove and replace the devices, plaintiffs' counsel Wendy...

  • Integra LifeSciences to spin off spine unit Monday, 3 Nov 2014 | 4:44 PM ET

    Nov 3- Surgical devices and orthopedic care company Integra LifeSciences Holdings Corp said it would spin off its spine unit in an attempt to streamline its operations. The company, which expects to take a one-time charge on the spin-off, revised its full-year profit forecast to 81- 99 cents a share, down from its earlier forecast of $1.06 to $1.24 per share.

  • What's boosting healthiest sector in S&P this year Monday, 27 Oct 2014 | 1:43 PM ET

    Health care has been on a tear in 2014, and there is still room for upside. Wall Street analysts are focusing on the following four trends.