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  • Jan 2- Aethlon Medical Inc said the U.S. Food and Drug Administration approved testing of the company's experimental device in Ebola patients. Patients will be administered for six to eight hours daily with the company's device, Hemopurifier, until the Ebola viral load drops below 1000 copies/ml, Aethlon said on Friday. The approved protocol allows for a study...

  • Dec 19- A U.S. federal appeals court has slashed the damages that Zimmer Holdings Inc will have to pay Stryker Corp for infringing its patents on a surgical cleaning wand. Last year a jury in Grand Rapids, Michigan, awarded medical device maker Stryker $70 million in lost profits and found Zimmer's conduct to have been willful. A three-judge panel of the U.S. Court of...

  • CHICAGO, Dec 18- China agreed to allow U.S. medicines and medical devices into local markets more quickly and open up its anti-trust procedures, U.S. U.S. and Chinese officials said they made progress on a range of issues at three-day Joint Commission on Commerce and Trade meetings, which aims to smooth out snags in a trade relationship worth more than $600 billion...

  • 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.

  • 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...

  • 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...

  • I believe in Obamacare: Mount Sinai Health CEO Saturday, 22 Nov 2014 | 12:00 PM ET
    Signage hangs outside Mount Sinai Hospital on August 4, 2014 in New York City.

    Despite the endless controversies dogging Obamacare, the CEO of Mount Sinai believes the legislation is meeting many of its goals.

  • 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...

  • 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...

  • Oct 22- Boston Scientific Corp on Wednesday posted a third-quarter profit on increased sales of its implantable heart devices and raised its full-year revenue outlook, sending its shares up more than 3 percent. Sales of cardiac rhythm management devices, including implantable defibrillators and pacemakers, rose 3 percent to $480 million from a year earlier.

  • BOSTON, Oct 22- The U.S. Department of Homeland Security is investigating about two dozen cases of suspected cybersecurity flaws in medical devices and hospital equipment that officials fear could be exploited by hackers, a senior official at the agency told Reuters. The products under review by the agency's Industrial Control Systems Cyber Emergency...

  • Oct 15- Heart device maker St. Jude Medical Inc forecast a quarterly revenue that fell below Wall Street estimate, and said sales growth in international markets didn't match its expectation. The maker of pacemakers, implantable defibrillators, artificial heart valves, stents and neurological products said it expects an adjusted profit of $1.02- $1.04 per...

  • ConvaTec owners appoint banks to explore sale - sources Wednesday, 15 Oct 2014 | 6:17 AM ET

    LONDON, Oct 15- ConvaTec's owners have appointed Morgan Stanley and Goldman Sachs to explore a sale of the medical device maker which could be worth up to $10 billion, sources familiar with the matter said. Private equity firms Avista Capital Partners and Nordic Capital are preparing the groundwork for a possible sale or initial public offering in 2015 for the...

  • First Ebola vaccine trial starts in Africa Thursday, 9 Oct 2014 | 7:29 PM ET

    The first trial of an Ebola vaccine has started with the vaccination of three health care workers in Mali, researchers told NBC News.