User fee reauthorization bill moves quickly through committees (Best of MedCitizens)

Every week, MedCity News highlights the best of its MedCitizens: syndication partners and MedCity News readers who discuss life science current events on MedCityNews.com. Now here’s the best of what YOU had to say.

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Does the Facebook IPO mean we as a people have our priorities backwards?

By now everybody and their dog knows that the Facebook IPO has made several billionaires, notwithstanding the trading glitches that frustrated many.Articles and analysis of the Facebook IPO abound, but a Forbes staff writer, Matthew Herper, has an intriguing piece on the ways we can make medicine look more like Facebook.He starts out with a [...]

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What is the biggest challenge facing medical device manufacturers today?

The Medical Devices Group on LinkedIn is one of the most active groups on the site, and as a member, I often check out what’s being discussed there.The 100,000-strong group’s owner Joe Hage has in the past flexed his muscle to gain support for repealing the 2.3 percent medical device tax using the forum. It [...]

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Hand-held eye imaging device from Bioptigen gets 510(k) clearance

A noninvasive eye imaging system developed by medical device company Bioptigen now has regulatory clearance for use on patients in the United States.Bioptigen received 510(k) clearance from the U.S. Food and Drug Administration for its hand-held Envisu Spectral Domain Ophthalmic Imaging System. Bioptigen’s devices use a technology called optical coherence tomography. The company’s noninvasive device [...]

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Why does a medtech VC think many late-stage venture deals are “crap?”

Last week. venture capitalist Mike Carusi created a bit of a stir at the IBF MedTech Investing Conference in Minneapolis when he loudly proclaimed that many late-stage deals are “crap.”He went on to add that the reason they are late stage is because no one is interested in themAlthough the audience laughed out loud, I [...]

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Automated bed-to-wheelchair transfer system gets $325K investment

A company launching an automated transfer and mobility system that moves patients from a bed to a wheelchair — and the other way — without any lifting or rolling has raised $325,000 of a potential $1.2 million.Next Health Inc.’s Agile Life Transfer and Living System comprises a wheelchair with a back that lowers and a [...]

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Minimally invasive spinal product firm raises $25 million in series C round

A startup that treats conditions of the spine using minimally invasive devices announced Wednesday that it has raised $25 million in its third round of financing.Zyga Technology said that new investor Versant Ventures took part in the series C round and was joined by existing investors Split Rock Partners, Domain Associates and MB Ventures. The [...]

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DOJ closes investigation of Medtronic’s controversial product Infuse

In a short news release issued Wednesday afternoon, Medtronic(NYSE:MDT)disclosed that the U.S. Department of Justice has closed its civil and criminal investigation into the company’s former blockbuster and controversial product Infuse.The investigation launched more than three years ago was into whether Medtronic illegally promoted the off-label use of the bone growth product. A spokesman said [...]

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Future of med devices: Nanorobots in your blood stream, calorie tracker chip in your arm

Ten years ago, if anyone said that a multifunctional device would one day allow people to play a word game with anyone in the world as well as enable a doctor to get ECG data — many would simply say baloney.Of course, the iPhone and iPad are no longer a figment of anyone’s imagination.With the [...]

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New CFO for TearScience as the device firm weighs acquisition, IPO plans

Dry eye treatment company TearScience, which is considering plans for an initial public stock offering, now has a new chief financial officer.The medical device company has promoted Nicole Wicker from vice president of finance to CFO. Wicker joined TearScience in 2008 and guided the Morrisville, North Carolina company through its $44.5 million series C round [...]

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