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Device Maker to Pay $92.4 Million for Hiding Problems

For hiding and failing to report serious problems related to its stent-graft system for treating abdominal aortic aneurysms, including 12 deaths, a division of Guidant Corp. has incurred criminal and civil penalties totaling US$92.4 million More...
26 Jun 2003

Alliance to Improve Anesthesia Monitoring

A strategic distribution alliance has been announced that will integrate an anesthesia workstation with a patient monitoring system in a move to improve patient information at all stages of the anesthesia process. More...
23 Jun 2003

Abbott to Acquire Spinal Concepts for $170 Million

In a transaction that will give the company access to another important patient area, Abbott Laboratories has agreed to acquire Spinal Concepts, Inc. More...
11 Jun 2003

Global Partnership to Battle Drug-Resistant Tuberculosis

A global effort to fight the spread of multi-drug resistant tuberculosis will involve the World Health Organization, the US Centers for Disease Control and Prevention, Brigham and Women's Hospital (Boston, MA, USA), Purdue University, and Eli Lilly and Company. More...
11 Jun 2003

Abbott to Acquire Jomed's Vascular Line

In a move that will expand the company's vascular device business, Abbott Laboratories has agreed to acquire the coronary and peripheral interventional business line of the Jomed group for 60 million euros in cash. More...
11 Jun 2003

Epoch Biosciences Sells Oligonucleotide Business

In a move to focus more on the company's core business, Epoch Biosciences, Inc.from Bothell, WA, USA has agreed to sell the assets and customer base of its oligonucleotide operations in San Diego, CA, USA, to Eurogentec from Liege, Belgium, for US$1.4 million in cash.

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04 Jun 2003

Abbott and Promega to Develop Molecular Diagnostics Products

A collaboration to develop nucleic acid extraction products that will enable diagnostic laboratories to further automate testing for infectious diseases has been announced by Abbott Laboratories. More...
02 Jun 2003
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HospiMedica Industry News channel updates the reader on mergers and takeovers, on cooperative agreements and on trends in the healthcare industry worldwide.