Allergan rose $1.57 or 1.0 percent, to $163.68. Baxter International Inc. rose$. 07 or. 1 percent, to $74.98. Boston Scientific Corp. rose$. 33 or 2.7 percent, to $12.68.» Read More
Allergan rose $1.15 or. 7 percent, to $156.76. Baxter International Inc. rose$. 01 or percent, to $75.22. Boston Scientific Corp. fell$. 07 or. 6 percent, to $12.57.
Aug 19- Medtronic Inc Chief Executive Omar Ishrak defended his company's plan to acquire Dublin- based Covidien Plc in a so-called inversion deal, saying the medical device maker will be able to create more U.S. jobs while still paying substantial taxes once the transaction closes.
Allergan fell $2.65 or 1.7 percent, to $155.61. Baxter International Inc. rose$. 80 or 1.1 percent, to $75.21. Boston Scientific Corp. rose$. 18 or 1.4 percent, to $12.64.
Diversified U.S. manufacturer 3 M Co and medical equipment makers CareFusion Corp and C.R. Bard Inc are among the companies exploring a potential deal for ConvaTec, the people said. CareFusion, with a market capitalization of $9 billion, and C.R. Bard, with $11.2 billion, would both be able to achieve an inversion if they use their own stock to pay for ConvaTec.
Allergan fell $1.26 or. 8 percent, to $157.00. Baxter International Inc. rose$. 81 or 1.1 percent, to $75.22. Boston Scientific Corp. rose$. 14 or 1.1 percent, to $12.60.
WASHINGTON, Aug 14- A senior U.S. senator said on Thursday he has written to Hospira Inc and urged the drug and medical device maker not to move its tax domicile abroad to save on U.S. taxes.
The death toll from the Ebola virus in West Africa keeps growing to record levels. And ironically, that may be why there's no vaccine, said an expert.
Aug 4- Medical device maker Symmetry Medical Inc said it would sell its orthopedic device components business to privately held Tecomet Inc for $450 million. Symmetry Medical will transfer ownership of its remaining surgical instruments business to its shareholders as a new company.
July 30- Hospira Inc, a pharmaceutical and medical device maker, posted a better-than-expected quarterly profit on higher sales of specialty injectable drugs, and raised its full-year outlook.
July 17- Medical device and drug maker Baxter International Inc reported higher-than-expected quarterly adjusted earnings, driven primarily by a surge in sales of the dialysis products it gained from its acquisition of Gambro AB last year.
In the most recent such deal in the medical device sector, Medtronic Inc last month agreed to buy Covidien for $43 billion. The move will allow Medtronic to re-domicile to Ireland to take advantage of low corporate tax rates and to access cash overseas without having to pay high repatriation costs.
July 11- Medical device maker Covidien Plc said it recorded a pre-tax charge of about $180 million for the third quarter, related to litigation against some manufacturers of pelvic mesh products. Covidien said it was indemnifying the manufacturer on certain claims.
July 11- Medical device maker Covidien Plc said it recorded a pre-tax charge of about $180 million for the third quarter, related to litigation against some manufacturers of pelvic mesh products. The company's two units supplied pelvic mesh products to one of the manufacturers named in the lawsuit and is indemnifying that manufacturer on certain claims.
WASHINGTON, June 27- The U.S. Food and Drug Administration said on Friday it has approved MannKind Corp's inhaled insulin, Afrezza, capping an arduous journey for the company and its octogenarian founder, Alfred Mann. It acts more rapidly than injectable insulins such as Eli Lilly and Co's Humalog and Novo Nordisk's NovoLog.
SAN FRANCISCO, June 23- For decades, medical technology firms have searched for ways to let diabetics check blood sugar easily, with scant success.
BOSTON, June 20- Medtronic Inc, the world's largest stand-alone medical device maker, said on Friday it was the victim of a cyber attack last year.
BOSTON, June 20- Medical device maker Medtronic Inc said in a regulatory filing released on Friday that it was the victim of a cyber attack last year.
NEW YORK, June 19- It's the secret fear of every American parent: failure to launch. The idea used to give Andy Byron the cold sweats. Their 22- year-old son scored a paid summer internship with medical device manufacturer Stryker Corp, with an eye toward a career in medical sales.
WASHINGTON, June 17- U.S. medical device maker Medtronic's plan to buy rival Covidien and move its base to Ireland is a sign that something is wrong with the U.S. tax system, a top Obama administration official said on Tuesday.
A David taking on retail Golaiths, this e-commerce upstart is circumventing traditional channels and selling eyeglasses to the masses.