Financial

The global market for surgical incision closures is projected to exceed US$9.0 billion by the year 2017,steady growth largely backed by growth in surgical procedures especially in developing countries.

Smith & Nephew results for the third quarter show revenue increase, margin decrease and $150m cost reduction plans.

The European Commission has opened an in-depth investigation under the EU Merger Regulation into the planned acquisition of Synthes Inc. by Johnson and Johnson, both US companies active in the area of orthopaedic medical devices.

Investor oriented site pours more fuel on the fire re: Obama’s Medical device company tax.

Slow but Steady Growth from an Aging and More Active Population, According to Millennium Research Group

Sorin’s profits climbed by 47.5% year on year despite sales slowdown

Cardiac device maker Atricure (NASDAQ:ATRC) share price dropped on Monday after an FDA report expressed “concerns” about a clinical trial intended to support expansion of indications for one of the company’s ablation devices.

Olympus Corp.’s $2.2 billion acquisition of Gyrus raises eyebrows after the technology giant admits to a $687 million payment to financial advisors mediating the deal.

St Jude CEO Daniel Starks blasted rival Medtronic in 3rd quarter earnings call.

The federal Dept. of Health & Human Services issues a subpoena to TranS1 Inc., seeking documents in its probe of alleged health care fraud and false claims by the spine surgery firm.

By 2017, the global spinal fusion market is expected to hit $11.7 billion.

Biomet reports Q1(2012) overall sales up 3.7%, but losses are up 120% during the three months ended August 31.

Conceptus(R) Acquires All Distribution Rights Related to the Essure(R) Procedure in the Netherlands
Conceptus BV to Provide a Direct Sales Team to Further Accelerate Adoption of the Essure Hysteroscopic Sterilization Procedure

Medtronic CEO Omar Ishrak aired his views at the Cleveland Clinic Medical Innovation Summit

Eucomed Chief Executive, states that; “The problem of a one million hole in the number of health professionals needed to support rising elderly and sick will not be solved by shaving a couple of percent of the prices of goods and materials, but by stimulating and encouraging rapid innovation.”

Medtronic plans to add about 200 workers to its Juncos, Puerto Rico, campus while Smiths Group announces job cuts and plant closures for its detection devices arm.