While we all enjoyed the November month by taking in the beautiful Fall colors and ultimately stuffing our faces with turkey and mashed potatoes, the medical device world was having a less than merry time. Recalls and scandals commanded the headlines keeping us folks wide-eyed with interest. Some of the biggest news related to recalls came from Hospira and Stryker. Hospira was struck with its fifth GemStar Infusion System related recall in 3 years. The FDA recalled Hospira’s GemStar device for potentially failing to deliver electric power to the pump.
Read MoreThe month of October not only brought us the beginning of the Autumn season, ghosts and ghouls, and surprisingly warm weather, but it also brought the medical device world into greater focus, what with an influx of investments from venture capitalists as well as new and on-going mergers. As far as VCs go, it looks like their pocket books continue to show significant interest in the medical device space. Cognoptix, a small medical device company specializing in an eye test for diagnosing Alzheimer’s disease, received $15M in Series D financing
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