Company News

Pretty complicated looking deal, but at the end of it CryoLife comes out with a nice adjunct to its vascular access graft portfolio.

In what looks like a natural cleaving of its sizeable business, Baxter International says it plans to create two independent global healthcare companies, effectively separating its biopharmaceuticals and medical products.

UK-based Brandon Medical is touting its Symposia® Telemedicine System, an audio-visual communications platform connecting medical professionals to a range of AV resources which can be accessed immediately from any location.

Abyrx, Inc., has partnered with SurgiCor, LLC to significantly expand the distribution of its hemostatic bone putty products (AHBP™, Hemasorb™, Hemasorb Apply™, and Hemasorb Plus™) to orthopedic and spine surgeries throughout the United States.

Back in January we covered the news that Stryker was to acquire Patient Safety Technologies, Inc. Now it looks like the deal will go through, as shareholders of Patient Safety have voted in favour.

It looks like the courts are going to have to decide whether Cayenne Medical’s AperFix system has been infringed by MedShape’s ExoShape femoral soft tissue fastener. As usual, the devil will be in the detail, because face value tells us they look pretty similar.

Imaging device Specialist NinePoint Medical, Inc., has completed a $34 million Series B financing which it says will support the ongoing commercial launch of the NvisionVLE Imaging System in the U.S., as well as development of the company’s expanded product offering.

Quite a time for AngioDynamics. First the company gets news that another iteration of its successful BioFlo platform has gained FDA’s nod. Then, its distribution partner Medcomp gets the FDA’s knock-back over its 510(k) submission for the Celerity tip location system, leading AngioDynamics to take over the regulatory reigns there too.

New entrant into the orthopaedic device space, EDGE Orthopaedics has its first FDA 510(k) Clearance in the form of a range of compression screws.

Atrial Fibrillation device specialist AtriCure, Inc. has announced fourth quarter and full year 2013 financial results showing 16 percent revenue growth for the year. It also looks like the Estech acquisition is working out nicely.

Rarely are corporate fun and games aired so publically. ConMed has announced agreement with its new BFF, shareholder Coppersmith Capital Management, that sees board changes. Whether this will signal a change in strategic direction, as requested by Voce Capital Management in recent months, remains to be seen.

Surgical Implant company RTI Surgical Inc. tells us Pioneer Surgical Technology Inc., its subsidiary company, has signed an agreement with Zimmer, Inc. to supply certain products for distribution by Zimmer’s trauma business.

Endoluminal gastroesophageal reflux disease device company EndoGastric Solutions® (EGS) has reached a civil settlement with the U.S. Department of Justice over alleged misuse of procedure codes that will cost it $5.25 million.

Some outstanding sales figures from tissue sealant, hemostat, vascular and preservation services businesses underpin annual revenue growth of 7 percent.

Direct Flow Medical is a relative minnow in Transcatheter Valve World, but a new cash injection totalling $50million will help it expand and progress its plans to gain U.S. FDA approval as soon as it possibly can.

Device household name Stryker spreads its wings far beyond Orthopaedics these days, as evidenced with its newly announced acquisition of German surgical equipment maker Berchtold Holding, AG for an enterprise value of $172 million.