Adults who suffer from depression may be able to try a new type of therapy, transcranial magnetic stimulation (TMS), when antidepressant medication fails to work. Neuronetics (Malvern, Pennsylvania), a private device company, said the FDA has cleared its NeuroStar TMS system for the treatment of depression. (Medical Device Daily)

Tuesday was the beginning of a new era for Paragon Intellectual Properties (Charleston, West Virginia) as the company reported it has restructured, moving from a limited liability company with seven subsidiaries to a single C-corporation to form Nexeon MedSystems. The company said the change was made to prepare for clinical trials and commercialization of its lead technologies. (Medical Device Daily)

Just like a movie doesn't always need to be full of special effects to be a hit at the box office, a medical device doesn't always need to be complex to get a rave review. A perfect example is the latest product from Canica Design (Almonte, Ontario), an R&D company specializing in wound closure systems. (Medical Device Daily)

When Michael Rosenberg, MD, was training for interventional radiology he noticed on the nights he was on call that he frequently was called because a patient's catheter, which was secured either by sutures or an adhesive device, such as tape, had become dislodged. (Medical Device Daily)

Hill-Rom (Batesville, Indiana) said it has acquired Liko (Lulea, Sweden), a developer of lifts and slings designed for the safe movement of patients, for $183 million. (Medical Device Daily)