Calypso Medical Technologies (Seattle) reported that its Calypso 4D Localization System and Beacon electromagnetic transponder manufacturing process has been certified by the International Organization for Standardization (ISO).

ISO 13485 sets standards ensuring a comprehensive management system is used for the design and manufacture of medical devices. The certification status by the ISO demonstrates Calypso Medical meets an international set of standards and guidelines that are becoming vital components of business transactions, global trade and regulatory requirements.

Bovie Medical will join Russell Index

Bovie Medical (Melville, New York) said it will join the Russell Microcap Index when Russell Investment Group reconstitutes its family of U.S. indexes on June 22.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4 trillion in assets currently are benchmarked to them.