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Abbott Labs’ dissolving stent ‘next revolution?’ (Morning Read)

Abbott Laboratories' dissolving stent "may truly become the next revolution," John Capek, Abbott's executive vice president of medical devices told Bloomberg.

Highlights of the important and interesting in the world of healthcare:

Stent pulls disappearing act. Abbott Laboratories’ dissolving stent “may truly become the next revolution,” John Capek, Abbott’s executive vice president of medical devices told Bloomberg.

Medical device makers feel reform pain. The Advanced Medical Technology Association is opposing a proposal in Sen. Max Baucus’ healthcare reform plan that calls for annual givebacks from medical device makers, the New York Times reports. The fees, which would be based on each company’s market share, would total $4 billion a year.

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In or out of recession? Some economists saw a reprieve from double-dip recession fears in Thursday’s economic numbers, but Seeking Alpha commentator Mike Shedlock — and many Americans — see a slide back into recession.

Infectious disease cures crowd U.S. pipeline. America’s biopharmaceutical research companies have 395 medicines and vaccines in the pipeline to fight infectious diseases this year, according to FierceBiotech.

New warnings from FDA. The Food and Drug Administration on Thursday warned five electronic cigarette makers that their products violate the Food, Drug and Cosmetic Act and gadolinium-based contrast agents to make MRI scans or angiograms easier to read could cause a potentially fatal skin disease for patients with kidney disease.

Symmetry Medical expanding in Michigan. Orthopedic implant maker Symmetry Medical Inc. (NYSE: SMA) plans to create 160 jobs over five years in south Lansing, Michigan, investing $1.8 million in a “package” worth $14.8 million to buy and expand its operations, and boost its work force by 40 percent, according to the Lansing State Journal. And yes, tax incentives were involved.

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John Capek, Abbott Park, Illinois-based Abbott’s executive vice president of medical devices.