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  • The cost of halting a pandemic? $344 billion: Study Saturday, 17 Jan 2015 | 12:15 PM ET
    A custodial worker wears a mask and eye protection to guard against the Ebola virus as he prepares to clean Ruth Cherry Intermediate School in Dallas.

    How much would it cost world governments to insulate their economies from global pandemics. Would you believe nearly $344 billion?

  • FBI agents on Wednesday raided the offices of Med-Care Diabetic& Medical Supplies Inc, a Florida medical device company whose executive vice president helped inspire the movie "The Wolf of Wall Street," according to a Reuters reporter and other witnesses. Danny Porush is a top executive at Med-Care who inspired the character portrayed by actor Jonah Hill in the...

  • FBI agents on Wednesday raided the offices of Med-Care Diabetic& Medical Supplies Inc, a Florida medical device company whose executive vice president helped inspire the movie "The Wolf of Wall Street," according to two witnesses. Dozens of agents from the FBI, Florida fraud department, and local police closed entrances to the building that houses Med-Care, and...

  • WASHINGTON, Jan 14- The U.S. Food and Drug Administration said on Wednesday it has approved a new device to treat obesity, the first since 2007, sending shares of its maker, EnteroMedics Inc, up as much as 74 percent. Known as the Maestro Rechargeable System, the device controls hunger and feelings of fullness by targeting the nerve pathway between the brain and the...

  • FDA approves EnteroMedics' novel device to treat obesity Wednesday, 14 Jan 2015 | 10:47 AM ET

    WASHINGTON, Jan 14- The U.S. Food and Drug Administration said on Wednesday it has approved a new device to treat obesity, the first since 2007.. Known as the Maestro Rechargeable System, the device, made by EnteroMedics Inc, controls hunger and feelings of fullness by targeting the nerve pathway between the brain and the stomach. But an FDA advisory panel...

  • Ten year flu shot near reality: Mount Sinai CEO Sunday, 11 Jan 2015 | 9:00 AM ET

    A flu shot that lasts 10 years could be a reality soon, a top hospital executive told CNBC, along with "real steps" toward a cancer vaccine.

  • Healthcare: The 'bull market leader'  Wednesday, 7 Jan 2015 | 5:55 AM ET

    Analysts are expecting a jump in earnings growth from the healthcare sector, but will its success continue into 2015? Andrew Burkly, managing director and head of institutional portfolio strategy at Oppenheimer Asset Management, shares his thoughts.

  • Are deductibles burning a hole in your pocket? Friday, 2 Jan 2015 | 9:22 AM ET
    A doctor examines a patient at the University of Miami Hospital's Emergency Department in Miami.

    Rather than pay so much out-of-pocket, many skip checkups and scrimp on care, USA Today reports.

  • Jan 2- Aethlon Medical Inc said the U.S. Food and Drug Administration had approved the testing in Ebola patients of its bio-filtration device, which was used against the deadly virus in a critically ill patient in Germany who later recovered. Aethlon said on Friday that the FDA's approval allows for an Ebola study to be conducted in up to 20 infected subjects in...

  • 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...