Zimmer Biomet Holdings Inc. (ZBH) agreed to acquire Embody Inc. for $155 million at closing with an additional $120 million in contingent milestone payments over the next three years. The deal includes Embody’s entire portfolio of collagen-based regenerative solutions for soft tissue injuries. The transaction is expected to close in February. Read More
China has adjusted the tariff lines and rates for 37 medical devices, including surgical robots, in its newly released Import and export tax rules of the PRC (2023). Read More
U.S. federal enforcement of the False Claims Act (FCA) violations tends to produce some outsized penalties, but the department isn’t shy about slapping six-figure fines on the smaller inhabitants of the med-tech space. DOJ reported that Schwenksville, Pa.-based Jet Medical Inc. and two affiliated companies will pay more than $745,000 to settle claims that Jet had introduced a nerve block device into interstate commerce without the FDA’s approval, a move that often draws the attention of federal government authorities other than the FDA. Read More
A surgical team from the Curie-Montsouris Chest Center in Paris, has successfully performed thermal ablation of a metastatic lung lesion using microwaves via a computer tomography (CT)-guided endobronchial approach. Read More
Unlike amphibians, mammals do not regenerate appendages. Except when they do. “If you amputate one of the branches off of the antler [of a reindeer], it will also regenerate,” Jeff Biernaskie told BioWorld. Even without amputation, the antlers of both male and female reindeer regenerate annually, including their skin. That regeneration is “the only large mammal model of true skin regeneration,” he said. Read More
New hires and promotions in the med-tech industry, including: Angle, GE Healthcare, Intervenn Biosciences, Jenavalve, Kytopen, Milestone Scientific, Tactile Medical, Virica. Read More
Med-tech firms raising money in public or private financings, including: Cardiac Dimensions, Claria Medical, Onc.AI, Organon & Co., Perspectum, Volta Medical. Read More
Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Akili, Biological Dynamics, Cardiovascular Systems, Exokeryx, Genomic Vision, Invo Bioscience Inc., Ming Mei Technology, Myriad Genetics, Neurologica, Orthofix, Seaspine. Read More
Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Foundation Medicine, Liberdi, Precision Biologic, Pristine Surgical, Vivos Therapeutics. Read More
