Dublin, Ireland-based Covidien has issued a voluntary recall of certain lots of its Pipeline Embolization Device and Alligator Retrieval Device due to the potential for the polytetrafluoroethylene coating on the delivery wire to delaminate and detach from the devices.
Supply Chain
Dublin, Ireland-based Covidien has acquired Pompano Beach, Fla.-based New Wave Surgical, according to a New Wave Surgical news release.
Canton, Mich.-based Enovate Medical plans to relocate its headquarters to its existing facilities in Murfreesboro, Tenn., according to a Nashville Business Journal report.
The U.S. Food and Drug Administration has approved Minneapolis-based Medtronic's application to expand the indications for certain pacemakers and defibrillators for patients with heart failure.
Preliminary first quarter 2014 revenue for Sunnyvale, Calif.-based Surgical Intuitive's da Vinci Surgical Systems is expected to be 59 percent lower than first quarter 2013 revenue, falling from $256 million to $106 million, according to a company news release.
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The following are medical device company acquisitions that have occurred in the past four weeks, beginning with the most recent.
By 2018, the global cardiovascular information system market is expected to be valued at $232.9 million, growing at a compound annual growth rate of 7.8 percent, according to a Markets and Markets news release.
In late March, the U.S. Food and Drug Administration released a report indicating medical device recalls had increased 97 percent over the last decade.
For providers wondering how much it would cost to improve capacity, Skanska USA's app, Prognos, has them covered.
Minneapolis-based Medtronic has acquired the majority of the shares of Biostar, a distribution company in Istanbul, Turkey.