Financial

Bank of Ireland has added Dublin, Ireland-based neoSurgical to the list of companies supported through the Bank of Ireland MedTech Accelerator Fund managed by Kernel Capital.

C. R. Bard, Inc. senior vice president and chief financial officer, Todd C. Schermerhorn will retire after a transition period that is expected to run until the end of August 2012.

Corin, a leading manufacturer and supplier of orthopaedic devices, has renewed its agreement to distribute the LARS ligament

The board of directors of Abbott today declared a quarterly common dividend of 48 cents per share

Integra LifeSciences Holdings Corporation (Nasdaq:IART) and Ascension Orthopedics, Inc. (“Ascension”) today announced an agreement for Integra to acquire Ascension, a provider of high quality, innovative products for the foot, hand and shoulder markets, for approximately $65 million in cash, subject to adjustments.

The medical device tax, if implemented, could cost tens of thousands of jobs, almost double the industry’s total taxes, raise the effective tax rate to among the highest in the world, and harm U.S. competiveness, according to a study released today by the Advanced Medical Technology Association

ArthroCare Corp.has posted $8.4 million net income available to shareholders in the third quarter, up from a $31.7 million net loss the same three months last year.

Smith & Nephew Plc rose the most in almost eight months in London trading after four U.K. newspapers reported that traders were speculating the maker of artificial knees and hips may receive a takeover offer.

Investigators reported that cardiac survival of patients, who were implanted with the 21F CoreValve system in 2005 and 2006, was 77.9 percent at two years and 68 percent at four years; in other Medtronic news, company announces completing the acquisition of Peak Surgical Inc. and Salient Surgical Technologies Inc.

The FDA warns Beckman Coulter on multiple quality issues at its California manufacturing plant, including issues related to its Class 1 recall of an electrolyte assay in May

Covidien plc adds 47 percent to its bottom line during the third quarter on a 14 percent sales, sending its shares up more than 4 percent.

Medtronic Inc. today announced that it has entered into a definitive agreement to acquire PEAK Surgical Inc., a recognized leader in the emerging field of advanced energy surgical incision technology

Stryker Corporation announced today a definitive agreement to acquire Orthovita, Inc. (Nasdaq:VITA), a global developer and manufacturer of orthobiologic and biosurgery products through an all cash tender offer.

Boston Scientific Corp. said Thursday that a District Court jury in Delaware found that Cordis Corp., the stent-making unit of … continue reading “Jury awards Boston Scientific $19.5M in Cordis patent case”

Arthrocare are back in the game with a strong first quarter for 2010.

Endosense, a medical technology company focused on improving the efficacy, safety and reproducibility of catheter ablation, has announced that it has received USD 36 million in Series B financing.