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Daily news and top headlines for manufacturing professionals

Amgen Buying Cancer Drug Maker Onyx For $10.4B

August 26, 2013 9:35 am | News | Comments

Biotech drugmaker Amgen will buy cancer drug maker Onyx Pharmaceuticals for about $10.4 billion in cash in a deal that will add several cancer drugs to Amgen's stable and add to its pipeline of new drugs. Amgen Inc. said Sunday it will acquire Onyx for $125 per share, and it expects to complete the deal at the beginning of the fourth quarter. 

Settlement Reached In W.Va. Surgical Mesh Case

August 22, 2013 7:44 am | News | Comments

Thousands of surgical mesh lawsuits have been filed nationwide. Only one other has gone to trial. Last week, a federal jury awarded a Georgia woman $2 million in her lawsuit against C.R. Bard. The lawsuits accuse the pelvic repair products' manufacturers of inadequate testing, failing to disclose potential risks and fraudulently promoting the mesh as a safe medical device.

C.R. Bard To Acquire Medafor For $200M

August 19, 2013 10:32 am | News | Comments

Medafor makes Arista MPH Hemostat, a hemostatic agent that helps stop bleeding. C.R. Bard said Monday that the market for surgical hemostats is worth more than $1.4 billion. It expects the acquisition to add about 1 percent to overall revenue growth in 2014.

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St. Jude Plans To Spend Up To $331M On Endosense

August 19, 2013 9:11 am | News | Comments

St. Jude Medical Inc. plans to pay up to $331 million to buy the Swiss maker of a catheter that can tell doctors whether the correct amount of force is being applied to the heart wall during a procedure to fix a form of irregular heartbeat.   

New Tool Peeks Into Brain To Measure Consciousness

August 15, 2013 11:16 am | by Lauran Neergaard, AP Medical Writer | News | Comments

When people have a brain injury so severe that they can't squeeze a loved one's hand or otherwise respond, there are few good ways to tell if they have any lingering awareness or are in a vegetative state. Now researchers have created a tool to peek inside the brain and measure varying levels of consciousness.

Medtronic Completes $200M Deal For Cardiocom

August 12, 2013 12:23 pm | News | Comments

Medtronic Inc. said Monday that it closed its $200 million acquisition of Cardiocom, which develops and provides services that help manage chronic diseases. The Minneapolis-based medical device maker said it doesn't expect the deal to affect its fiscal year 2014 profit.

Judge Orders Zimmer To Pay Stryker $228M

August 9, 2013 7:42 am | News | Comments

The jury had awarded Stryker $70 million and Jonker tripled that amount to $210 million because Zimmer willfully infringed on three patents held by Stryker. Jonker also said Stryker is entitled to $7.2 million in additional damages, $11.7 million in interest and ordered Zimmer to pay Stryker's attorney's fees.

Woman's 'Lego Leg' Video A Hit, Inspires Others

August 8, 2013 12:11 pm | by Jim Salter, Associated Press | News | Comments

As a child, Christina Stephens filled her parents' basement with Lego castles and pirate ships. When she put her Lego-building skills to work last month making a prosthetic leg out of the children's toy, she became an Internet sensation.     

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Standards Boost Business

August 8, 2013 9:40 am | by S. Joe Bhatia, President & CEO, American National Standards Institute | Blogs | Comments

Standards have the power to turbo-charge innovation and fuel business growth. From design and manufacturing to distribution and marketing, all products and services are affected at some point by standardization. But standards and conformance also impact the strength of the American workforce.

Dynasplint Systems Lays Off 500 Workers

August 8, 2013 7:49 am | News | Comments

Founder George Hepburn says he owed BB&T Bank $10 million on a line of credit. He told employees in a letter that he had to temporarily lay off about 70 percent of the workforce after the bank used $1 million he had earmarked for payroll to pay down his debt.

Scientists Plan Controversial Lab-Made Bird Flu

August 7, 2013 2:14 pm | by Lauran Neergaard, AP Medical Writer | News | Comments

Since it broke out in China in March, the bird flu strain has infected more than 130 people and killed 43. Researchers say that genetically engineering this virus in the lab could help track whether it's changing in the wild to become a bigger threat. 

Chinese Researcher Sentenced In Research Drug Case

August 6, 2013 1:57 pm | by Dinesh Ramde, Associated Press | News | Comments

A Chinese researcher was sentenced Tuesday to time served plus two years of probation on charges stemming from the theft of a research drug from a Wisconsin medical school. Hua Jun Zhao, 41, had pleaded guilty in July to a reduced charge of illegally downloading research data from the Medical College of Wisconsin, where he worked as a researcher.

Chinese Court Rules Against J&J In Monopoly Suit

August 5, 2013 8:12 am | by Joe McDonald, AP Business Writer | News | Comments

The ruling by a Shanghai court expands use of the vaguely worded, 5-year-old anti-monopoly law and raises the possibility of action against other foreign companies. It comes amid Chinese investigations of possible bribery, price-fixing and other misconduct by global suppliers of milk, pharmaceuticals and other products.

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FDA Warns Of Massive Diabetes Test Strip Recall

August 1, 2013 7:41 am | News | Comments

The FDA said Wednesday that the strips are contaminated with a chemical used in the manufacturing process, which interferes with readings. FDA regulators are working with the company to investigate the problem and make sure it is corrected.    

Glaxo Case Shines Light On China's Medical Bribery

July 31, 2013 7:43 am | by Joe McDonald, AP Business Writer | News | Comments

Many blame a system in which the country's hospitals nearly all are state-run but get too little money from Beijing. Most of China's 2.3 million doctors are hospital employees and are barred from adding to their income by taking on second jobs.

Hacker Who Made ATMs Spit Out Cash Dies

July 29, 2013 2:19 pm | by Sudhin Thanawala, Associated Press | News | Comments

A prominent hacker who discovered a way to have automatic teller machines spit out cash and was set to deliver a talk about hacking pacemakers and other wireless implantable medical devices has died in San Francisco, authorities and his employer said.

Whistleblower: Olympus Ignores Japan Court Order

July 29, 2013 8:05 am | by Yuri Kageyama, AP Business Writer | News | Comments

More than a year after Japan's Supreme Court ordered camera and medical-equipment maker Olympus to stop punishing a whistleblower and reinstate him to his regular job, Masaharu Hamada is still fighting his courtroom battle. On Monday, he got company.

Panasonic To Sell Part Of Healthcare Business

July 26, 2013 8:06 am | News | Comments

Panasonic Corp. said Friday it will sell its ultrasonic diagnostic equipment business to Konica Minolta Inc. in January 2014 as part of efforts to improve its financial base eroded by the firm's recent sluggish performance. Panasonic will sell the business operated by its health care subsidiary Panasonic Healthcare Co.

The Advancement Of Human Motion Control

July 23, 2013 2:35 pm | by Melissa Barnes, Associate Editor PD&D | Articles | Comments

Since the whole purpose of the mechanism is to give those confined to a wheelchair greater mobility, the engineers sought a practical, yet empathetic approach to the design process. They wanted to create a device that was durable, yet lightweight. It was important to make the end product intuitive enough for people to use with ease and comfort.

Health Device Company's Ex-Execs Accused Of Fraud

July 18, 2013 12:21 pm | News | Comments

A federal indictment unsealed Wednesday accuses former ArthroCare Corp. chief executive Michael Baker and former ArthroCare finance chief Michael Gluk of conspiracy, 11 counts of wire fraud and two of securities fraud. Baker also is charged with three counts of making false statements.

‘Smart Sponge’ Holds Promise For Controlled Drug Delivery

July 18, 2013 9:41 am | by Matt Shipman, NC State University | News | Comments

Researchers have developed a drug delivery technique for diabetes treatment in which a sponge-like material surrounds an insulin core. The sponge expands and contracts in response to blood sugar levels to release insulin as needed. The technique could also be used for targeted drug delivery to cancer cells.

New Surgical Knife Can Instantly Detect Cancer

July 17, 2013 2:20 pm | by Maria Cheng, AP Medical Writer | News | Comments

An experimental surgical knife can help surgeons make sure they've removed all the cancerous tissue, doctors reported Wednesday. Surgeons typically use knives that vaporize tumors as they cut, producing a sharp-smelling smoke. The new knife analyzes the smoke and can instantly signal whether the tissue is cancerous or healthy.

FDA Clears Brain Scan To Diagnose ADHD In Children

July 16, 2013 7:46 am | News | Comments

The agency said Monday it cleared the NEBA system to help confirm ADHD for people ages 6 to 17. Doctors can use the device to confirm an ADHD diagnosis or to determine if more testing is necessary. The device, from Augusta, Ga.-based NEBA Health, measures the frequency of two standard brain waves known as theta and beta waves.

Abbott Will Pay $560M For 2 Med Tech Firms

July 15, 2013 1:57 pm | News | Comments

Abbott Laboratories announced Monday it would pay a combined $560 million to acquire two privately-held companies focused on coronary implants and laser-assisted eye surgery.The acquisitions of Idev Technologies and OptiMedica Corp will help the health care company expand its medical device offerings.

Ex-Pacer Invents Device To Prevent Knee Injuries

July 15, 2013 8:17 am | by Anthony Schoettle, Indianapolis Business Journal | News | Comments

In April, Bender launched a company based on an odd-looking device he invented to help others avoid the knee troubles that put an end to his promising NBA career. Already, he's brokered a deal with California-based Relax The Back retail chain, which sells wellness, fitness and medical items coast to coast.

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