e-Zassi.com named preferred provider by LSA
e-Zassi.com (Fernandina Beach, Florida) software systems designed specifically for networking and decision support for medical devices, has been named a preferred provider for LifeScience Alley (Minneapolis), a trade association serving more than 600 member organizations that represent all sectors of the life sciences.
Tufts selects WaveMark to manage inventory
WaveMark (Littleton, Massachusetts) a provider of real-time inventory management (RTIM) solutions for high value medical products, reported its clinical inventory management solution, WaveMark CIM, has been selected by Tufts Medical Center, (Boston, Massachusetts) to manage the hospital's high value, specialty inventory. Tufts will use WaveMark's RTIM technology to track physician preference items in its world-renowned Adult and Pediatric Cath, EP, and Interventional Radiology departments.
After an extensive review of other solutions, the Cardiac Program at Tufts, considered among the best in the U.S., will use WaveMark's RFID-enabled inventory management solution, WaveMark CIMS.
Particle Sciences adds new twin screw product
Particle Sciences (Bethlehem, Pennsylvania), a service provider for the development of thermoplastic based combination products (drug-eluting devices), said it has further expanded its development and pilot production capabilities with the addition of a Leistritz ZSE-18 mm twin screw compounding extruder. This expands a compounding, extrusion, pelletization and injection molding line that is suitable for the preparation of high-quality combination products to support clients' development programs.
"With the addition of the Leistritz compounding extruder to our Class 10,000 clean room, Particles Sciences offers development services for thermoplastic combination products. We can support such development efforts from concept to clinic," said Andrew Loxley, director of new technologies.
Ivivi won't appeal Nasdaq delisting
Ivivi Technologies (Montvale, New Jersey) said that it will not appeal the decision of the staff of the Nasdaq Stock Market to suspend the trading of the company's common stock for failing to have a minimum of $2.5 million in stockholders' equity or $35 million in market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
Trading of the company's common stock will be suspended on the Nasdaq at the opening of business on June 23, and a Form 25-NSE will be filed with the SEC, which will remove the company's securities from listing and registration on the Nasdaq.
Kensey Nash adopts stockholder's rights plan
Kensey Nash (Exton, Pennsylvania), company providing solutions and technologies for a wide range of medical procedures, reported that its board of directors adopted a stockholders' rights plan.
The rights plan is designed to protect the company and its stockholders from potentially coercive takeover practices or takeover bids and to prevent an acquiror from gaining control of the company without offering a fair price to the stockholders. The board said the plan is not intended to deter offers that are fair and otherwise in the company's and its stockholders' best interests.
The company's adoption of this plan was not prompted by any external actions, it said, as no party has made any hostile advances or indicated an interest in acquiring the company. The plan was adopted in order to give the board of directors time to evaluate and respond to any unsolicited future takeover attempts. The plan is similar to plans adopted by many other public companies.