There are a few anxieties by U.S. medical device manufacturers concerning the projected exit of Great Britain from the European Union. 1. Does GB allow the U.S. to import devices bearing the CE-Mark? 2. Do Member states within the EU allow imported medical devices having a British Notified Body such as BSI & SGS? 3. Does the British Health care system include reimbursement changes? 4. Does GB generally allow the import of any product from any foreign country? Let’s focus on these concerns. The CE-Mark is global, with the exception
Read MoreSeveral top medical device companies this week had legal issues come up. Johnson & Johnson, still upset over losing Guidant to Boston Scientific, is suing the aforementioned company for $4 billion. Meanwhile Becton Dickinson is being court ordered to notify customers about its false advertisements for its safety syringes. And as if being sued for $4 billion wasn’t enough, Boston Scientific has been ordered to pay out $26.7 million to four women in their vaginal mesh lawsuit. Sometimes being at the top isn’t all it’s cracked up to be. Johnson
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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