Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
3. Medtronic wins aortic valve patent spat with inventor
Medtronic won a patent infringement dispute over its CoreValve aortic valve replacement with inventor Dr. Troy Norred, according to legal filings.
The district court case, filed by Norred in 2013, had received stays until an inter partes review could examine the patent case, according to legal filings. The 3 judge panel reviewing the case found 7 of Norred’s claims were unpatentable, upholding Medtronic’s challenge to the patent. Read more
2. Integra LifeSciences picks up TEI Biosciences, TEI Medical for $312m
Integra LifeSciences said that it agreed to acquire TEI Biosciences and sister company TEI Medical for $312 million in cash in a bid to expand its footprint in reconstructive surgery and regenerative wound care.
The deal, expected to close during the 3rd quarter, brings TEI’s PriMatrix dermal repair scaffold and a 125-member sales force under the Integra umbrella, that Plainsboro, N.J.-based company said. TEI is based in Waltham, Mass. Read more
1. Ex-OtisMed CEO Chi draws 2 years
The former CEO of Stryker subsidiary OtisMed, Charlie Chi, drew a 2-year prison sentence after pleading guilty to distributing knee replacement surgery cutting guides without FDA clearance, the safety bureau and federal prosecutors said.
Stryker inherited the beef when it acquired OtisMed in 2009, later offering to pay $33 million to settle the federal investigation. The misconduct occurred before the acquisition and “without Stryker’s prior knowledge or acquiescence,” the prosecutors said. The company agreed to pay $80 million late last year to settle its part of the case, with Chi pleading guilty on 3 counts. Read more
The post MassDevice.com +3 | The top 3 medtech stories for June 29, 2015 appeared first on MassDevice.
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