The number of Food and Drug Administration recalls in the second quarter of 2014 — including drug and pharmaceuticals, medical devices and food — was the lowest it has been in the past two years. However, such recalls are growing…
Supply Chain
Three healthcare organizations have partnered to urge the U.S. Food and Drug Administration to develop medical device registries to help improve patient safety.
Two former executives of ArthroCare — a surgical device, instrument and implant manufacturer based in Austin, Texas — received prison sentences for their involvement in a $750 million securities fraud scheme, according to the Department of Justice.
Johnson & Johnson is looking for a buyer for its medical device manufacturing business Cordis, according to a Wall Street Journal report.
Dublin, Ireland-based Covidien has acquired Morrisville, N.C.-based Sapheon, a developer of venous disease treatments.
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Charlotte, N.C.-based Premier has announced plans to acquire Raleigh, N.C.-based Aperek for $48.5 million, according to a Triangle Business Journal report.
The following medical device manufacturer and biotech mergers occurred in the past two months.
In a span of two days, Minneapolis-based Medtronic announced plans to acquire two European companies.
The global market of electrodes for medical devices is expected to be valued at $1.45 billion in 2019, growing at a compound annual growth rate of 11.7 percent, according to a Transparency Market Research report.
Louisville, Colo.-based GHX, a healthcare supply chain technology company, reports saving $5 billion in supply chain savings for the North American healthcare market over the past five years.