Health Care Equipment and Supplies
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*Profit ex-items of $1.14/ shr tops estimates by 2 cts. *Continues to see 2013 earnings of $4.25 to $4.40 a share. Jan 23- U.S. orthopedic implant maker Stryker Corp on Wednesday reported fourth-quarter earnings excluding charges that exceeded analyst estimates as sales of its hip, knee and spine products improved.
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Jan 18- Johnson& Johnson is negotiating a potential $2 billion settlement with patients who received its recalled artificial hip implant, Bloomberg News reported on Friday, citing five people familiar with the matter.
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Jan 17- Medical device maker Stryker Corp said it will buy Hong Kong- based Trauson Holdings Co Ltd for $764 million in cash to expand in China, one of the fastest-growing markets for orthopaedic products. Founded in China in 1986, orthopaedics firm Trauson had sales of about $60 million in 2011 and makes spine devices and products for trauma surgeries.
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Jan 17- Medical device maker Stryker Corp said it will buy Hong Kong- based Trauson Holdings Co Ltd for $764 million in an all cash deal, to expand in one of the fastest-growing markets for orthopaedic products in China. Stryker will pay HK $7.50 for every share of Trauson.
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"Providers whose advertising does not provide adequate risk information are finding out today that the FDA is serious about consumer protection," said Steve Silverman, compliance director at FDA's Center for Devices and Radiological Health in a statement posted on the agency's website.
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DaVita could be a beneficiary among health care stocks from changes in the U.S. health care market, an analyst said Wednesday.
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WASHINGTON, Dec 13- Fourteen U.S. states and the District of Columbia so far have told the federal government they plan to operate healthcare exchanges under President Barack Obama's reform law, leaving Washington with the daunting task of creating online marketplaces for at least two-thirds of the country.
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CVS Caremark is looking at changes in U.S. healthcare as an opportunity to serve more customers, whether they are picking up prescriptions, getting them through the mail or stopping by an in-house MinuteClinic for a checkup.
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Dec 12- Pfizer Inc will pay $55 million plus interest to settle charges that Wyeth promoted its acid reflux drug Protonix for unapproved uses and made unproven claims about the medicine, the U.S. Department of Justice said on Wednesday.
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Dec 12- Pfizer Inc will pay $55 million plus interest to settle charges that Wyeth promoted its acid reflux drug Protonix for unapproved uses and made unproven claims about the medicine, the U.S. Department of Justice said on Wednesday.
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*More competitors on horizon in Europe. Dec 4- Edwards Lifesciences Corp on Tuesday projected strong profit and sales growth in 2013, led by its Sapien artificial heart valve, which is implanted in a less-invasive procedure than traditional open-heart surgery.
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NEW YORK, Nov 30- Blackstone Group LP has emerged as the frontrunner in an auction for Allscripts Healthcare Solutions Inc, but the companies remain far apart on price and a deal is highly uncertain, people familiar with the matter said.
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*Medtronic, Pew want final rule adopted before Jan. 1. WASHINGTON, Nov 28- A major U.S. medical device maker and a leading public interest group are urging the U.S. government to move quickly to adopt a new rule requiring manufacturers to disclose their financial ties to physicians and teaching hospitals.
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The managing partner of Google's venture capital, Bill Maris, says under-investment in health sciences is short-sighted.
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The goal is to enable physicians and pharmaceutical companies to use complex genetic data to tailor treatment on an individual basis, according to Mike Pellini, CEO of Foundation Medical.
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Qualcomm's CEO Paul Jacobs says the smart phone will become a focal point for wirelessly connecting medical devices, diagnostics and sensors, and providing near real-time information.
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The aging of America is taking a toll on the health care system. By 2050, the cost of treating Alzheimer's patients will hit $1 trillion a year.
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Despite piles of research on the skin cancer risks of sun exposure and tanning beds, dermatologists and cancer groups struggle to persuade people to protect their skin from ultraviolet rays.
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With 12 million Americans allergic to one food item or another, sales of specialty foods are soaring.
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It was a complicated case, in part because the reform legislation itself was seriously flawed. The law’s drafters could have proposed a simpler and more efficient system, the New York Times reports.