Austin, Texas-based Apollo Endosurgery Inc. has sold its Surgical product line, which consists of the Lap-Band adjustable gastric banding system and other accessories used in laparoscopic bariatric surgery, to Reshape Lifesciences Inc. in a deal worth up to $17 million. The definitive transaction agreements were signed and closed Dec. 17.

HONG KONG – Olympus Medical Systems Corp. has been fined $85 million by the U.S. Department of Justice (DOJ) after it failed to report details of three outbreaks related to its endoscope technology. The Tokyo-based company failed to file two required supplemental Medical Device Reports (MDRs) and one initial MDR to the U.S. FDA for events in Europe in connection with its 'TJF-Q180V' duodenoscopes.