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SonoSite's hand-carried ultrasound
passes 25,000 systems worldwide. 7 December 2005
Gamma Medica-Ideas wins two mammography
orders in Italy. 7 December 2005
Boston Scientific tops J&J's bid for
Guidant with $25bn offer
In a move that seems to have taken the market by surprise, Boston Scientific
has offered $72 per Guidant share, about $3bn over the J&J offer. 6
December, 2005
Kodak to distribute Cedara's breast
ultrasound CAD system
Kodak will distribute the Cedara B-CAD computer-aided detection systrem to
its customers worldwide as part of an integrated solution with their Kodak
Carestream Mammography Workstation. 5 December 2005
Biophan outlines technological and
financial strategy
CEO of Biophan Technologies, Inc., Michael Weiner, addressed a group of
Swiss investors. He discussed Biophan's portfolio of technologies and gave a
five-year outlook for potential Company revenues. 5 December 2005.
Duravest acquires controlling interest
in Bio-Magnetic Therapy Systems
BMTS is a German-US medical technology firm dedicated to the safe,
non-invasive treatment of osteoarthritis, osteoporosis and orthopedic
injuries using its "Pulsed Signal Therapy" (PST) system. 30 November 2005
Siemens Medical Solutions to distribute
Nucletron oncology system worldwide
Dutch company Nucletron BV and Siemens Medical Solutions have announced a
worldwide distribution agreement for Nucletron's Oncentra MasterPlan.
30 November 2005
Medtronic revenues $2.8 billion in
second quarter, up 15%
Medtronic, Inc. has announced record revenues for the quarter ended October
28, 2005 of $2.765 billion, a 15% increase over the $2.400 billion recorded
in the second quarter of fiscal year 2005. 25 November 2005
Johnson & Johnson and Guidant Corporation
come to agreement over reduced Guidant acquisition value
Johnson & Johnson and Guidant Corporation have announced that they have
entered into a revised agreement by which Johnson & Johnson will acquire
Guidant for a net $19 billion. 16 November 2005
Drug-eluting stent sales stimulate growth
in the European interventional cardiology market
The European market for interventional cardiology generated over $1.4
billion in 2004, and will sustain a compound annual growth rate (CAGR)
exceeding 7% over the next 5 years, according to a new report by Millennium
Research Group (MRG). 13 November 2005
Guidant moves to bolster market confidence
Guidant announced the establishment of a Design for Reliability Team last
week and published an updated Cardiac Rythm Management Product Performance
Report that provides confirmed failure details by product family. The share
price rose steadily over the week. 13 November 2005
MRI specialist Fonar records 60% drop
in revenue
MRI scanner manufacturer FONAR Corporation, reported revenues of $10.2m for
the first quarter of fiscal 2006 (ending 30 Sept), compared to $25.1m for
the same period of fiscal 2005. 12 November 2005
Siemens Medical Solutions shows strong
gains while overall income falls
Siemens has announced a fall in profits from €3405 billion to €2248 billion
for the 2005 financial year, and a more drastic fall of 88% to €77 million
for the fourth quarter, compared to 2004. Siemens Medical Solutions
division, however, showed an 8% rise in earnings. 11 November 2005
Nanotechnology power source for
implantable medical devices wins award
Biophan Technologies has been awarded a "Best of the Best" award from
Nanotech Briefs magazine for a nanomaterial-based biothermal power
source. The biothermal power source converts body heat into electricity to
power implantable medical devices. 11 November 2005
Cardiac Science reports net loss in
first quarter after merger
Cardiac Science Corporation reported a net loss of $0.6 million for the
third quarter, ending 30 Sept 2005. Reported revenue for the third quarter
increased by 22% to $27.4 million, due principally to the effect of the
merger with Quinton Cardiology Systems. 9 November 2005
Guidant reports 14% fall in sales for
third quarter
Guidant Corporation has reported third quarter 2005 sales of $795 million,
representing a sales decline of $130 million or 14% versus 2004. 9 November
2005
Guidant sues Johnson & Johnson to force
takeover. 9 November 2005
Guidant faces new lawsuit
US law firm Stull, Stull & Brody has announced that it has launched a class
action lawsuit Guidant Corp over alleged violation of the Securities
Exchange Act. 9 November 2005
GE takeover of IDX gets go-ahead. 9
November 2005
Johnson & Johnson $25.4bn takeover of
Guidant in doubt as Guidant faces lawsuits
Only days after the Federal Trade Commission (FTC) conditionally approved
the merger it seems the deal may be in doubt. The company's share price has
fallen drastically as it is facing lawsuits, including from New York
Attorney General Eliot Spitzer. 6 November 2005
Varian Medical Systems reports strong
growth
Varian Medical Systems has reported a 12% growth in annual revenue to $1.4bn
for fiscal year 2005. Strong demand for advanced radiation therapy products
and filmless X-ray imaging components contributed to a year of strong growth
in net earnings, revenues, and net orders, and another record year-ending
backlog. 4 November 2005
Medtronic served with subpoena
regarding pacemakers and defibrillators. 30 October 2005
Dräger Medical receives award for patient
monitoring technology
Dräger Medical has been awarded the 2005 Award for Technology Innovation in
the multiparameter patient monitoring market by Frost & Sullivan. 29 October
2005
European Institute of Oncology orders
CT laser breast imaging system
Imaging Diagnostic Systems, Inc., has announced that the European Institute
of Oncology (EIO) in Milan, Italy has ordered a CT Laser Mammography
(CTLM(R)) system. This is the fourth sale for the company in Italy. 25
October 2005
Philips reports sales increase of 5% in
third quarter
Philips sales increased to €7,626, 5%
above the 2004 third quarter figure, comparable to 4% after adjustments for
currency movements and consolidation changes. Sales were driven by strong
growth in all main product divisions except Semiconductors. Medical Systems
sales increased 7%. 21 October 2005
GE reports record third-quarter 2005
financial results
GE's third-quarter 2005 earnings were a record $4.7 billion, 15% higher than
last year's third quarter. Healthcare increased total orders 8% over third
quarter 2004 to $3.7 billion. 16 October 2005
Medtronic awarded $51m in patent
infringement case against BrainLAB AG
A jury in the U.S. District Court in Denver has awarded $51 million to
Medtronic Navigation in a longstanding dispute with BrainLAB AG, of Germany,
involving four patents related to image-guided surgical techniques and
devices. 16 October 2005
Ferrania and MiASoft announce
partnership agreement
Ferrania UK has signed a OEM Partner Agreement with MiASoft to market and
sell the AiMS image management application portfolio as part of Ferrania’s
LifeWeb PACS and RIS/PACS portfolio. 16 October 2005
CardioDynamics reports loss in third
quarter 2005.
Net sales decreased by 21% to $8.8 million, compared to the third quarter
2004, and the company made a loss of $474,000 compared to a net income of
$992,000 in the third quarter 2004. 11 October 2005
Imaging Diagnostic Systems sells third CT
laser mammography system in Italy. 11 October 2005
Tunstall to market Honeywell HomMed
patient monitors in UK.
9 October 2005
Viles & Beckman, file class action lawsuit
against Guidant over faulty defibrillators and pacemakers. 4 October
2005
Varian's first Trilogy linear
accelerator in Europe installed in Lisbon clinic
Varian Medical Systems has scored a European first with the installation of
its Trilogy medical linear accelerator at the Clinica Quadrantes in Lisbon.
The accelerator will enable doctors at the clinic to offer cancer patients
more targeted treatments using new methods. 4 October 2005
Zonare expands ultrasound business into
Germany, Switzerland, Austria
Zonare Medical Systems, a developer of next-generation ultrasound
technology, announced the opening of the company's new affiliate, ZONARE
Medical Systems GmbH, at the seventeenth annual European Congress of
Ultrasound in Medicine and Biology. 3 October 2005
GE Healthcare to acquire IDX Systems
Corporation
GE Healthcare is taking over IDX Systems Corporation, a leading US
healthcare information technology provider. The merger of the two companies
will create a leading healthcare IT vendor, offering one of the most
comprehensive suites of clinical, imaging and administrative information
systems. 29 September 2005
Esaote MRI systems to be distributed in
USA by Hologic
Hologic, Inc. and Esaote of Genoa, Italy, have entered into an exclusive
distribution and service agreement in the United States for extremity MRI
imaging systems manufactured by Esaote. The agreement is for an initial term
of three years. 25 September 2005
Dräger Medical receives Frost & Sullivan
leadership award
Dräger Medical has received the 2005 Frost & Sullivan Brand Development
Strategy Leadership Award for the European anaesthesia and respiratory
equipment market. 24 September 2005
Intraop Medical receives order for
Mobetron from Poland
Intraop Medical, has received an order for its Mobetron, from the
Wielkopolskie Centrum Onkologii Cancer Centre in Poznan, the second order
from Poland. The Mobetron delivers intraoperative radiation treatment (IORT)
during cancer surgery. 22 September 2005
Siemens Medical Solutions accused of
bribing Russian officials
A former sales manager at Siemens Medical Solutions has accused the company
of bribing Russian officials to help gain a €28.2
million ($34.6 million) contract. 15 September 2005
Nihon Kohden and Inovise Medical in
partnership to improve cardiac diagnosis
Nihon Kohden Corporation, a leading provider of cardiology equipment in
Japan and China, and Inovise Medical, an Oregon-based cardiac diagnostic
company, have signed a multi-year agreement to integrate Inovise Medical's
Audicor heart sounds detection and analysis technology into the next
generation of Nihon Kohden electrocardiographs. 12 September 2005
England's NHS Connecting for Health
completes final contract for PACS
NHS Connecting for Health, the agency running England's National Programme
for IT (NPfIT), announced today that it has agreed the final arrangements
that will see Picture Archiving and Communications Systems (PACS) rolled out
across England. 7 September 2005
Agfa launches new cardiology portfolio
on the back of Heartlab acquisition
Agfa HealthCare Business Group has launched a new cardiology portfolio that
provides a single point of access and integrates cardiology, radiology and
wider clinical systems. 8 September 2005
Johnson & Johnson takeover of Guidant
cleared by Canada and European Commission
Johnson & Johnson has had clearance of its takeover of cardiovascular
product developer Guidant, but it will sell its coronary steerable guidewire
business in Canada and Guidant will divest its Endovascular Solutions
operations in Europe. 4 September 2005
Toshiba to supply five 64-slice CT
scanners to BMI Healthcare
BMI Healthcare has ordered five state-of-the-art Aquilion 64-slice CT
scanners from Toshiba in a deal worth £7.5m. The machines will be installed
in five of the company's hospitals in England from August 2005, the first
being at The Alexandra Hospital in Cheadle. 25 August 2005
Huntleigh acquires analysis and monitoring
business of Viasys Healthcare
Huntleigh Technology plc acquired the assets of the cardiovascular and
obstetric analysis and monitoring business of VIASYS Healthcare Inc,
originally bought from Oxford Instruments, for a cash consideration of £4
million. 24 August 2005
UK and Ireland hospitals can get imaging
equipment for no capital outlay
Xograph Healthcare Finance is an innovative capital finance solution that
enables hospitals to acquire new imaging equipment for a low monthly cost.
23 August 2005
Medtronic reports record first quarter
revenues of $2.7 billion
Medtronic recorded first quarter fiscal year 2006 (ended July 29, 2005)
revenues of $2.690 billion, a 15% increase over the $2.346 billion recorded
in the first quarter of fiscal year 2005. 20 August 2005
Medtronic acquires gastric electrical
stimulator manufacturer Transneuronix
Medtronic has completed the acuisition of Transneuronix, Inc., a privately
held medical device company focused on therapies designed to treat obesity
by electrical stimulation of the stomach. 20 August 2005
Acquisition of Sensant gives Siemens
access to advanced ultrasound technology
The acquisition of Sensant Corp by Siemens Siemens Medical Solutions
Ultrasound Division in June will enable it to develop higher quality
ultrasound imaging systems based on Sensant's propriety Silicon Ultrasound
technology. 14 August 2005
Finnish healthcare network chooses Agfa
radiology and PACS system
Finnish healthcare IT company Medi-IT Oy has chosen a RIS/PACS (radiology
information system/picture archiving and communication system) solution from
Agfa HealthCare Business Group for the KAAPO project in South Eastern
Finland. 12 August 2005
Philips completes takeover of Stentor
Philips Medical Systems, has completed the takeover of PACS supplier Stentor
Inc in a move designed to strengthen Philips position as a primary supplier
of technology to the healthcare information technology (IT) market. The
acquisition makes Philips the number 2 supplier of picture archiving and
communications systems (PACS) globally. 10 August 2005
Philips reported solid growth for Medical
Systems in second quarter
Philips recorded net income of €983
million (€0.78 per share), compared with
net income of €616 million (€0.48 per share) in the corresponding period of
2004. Solid growth at Medical Systems and Lighting was offset by declines at
Semiconductors and Mobile Display Systems (MDS). 4 August 2005
Record financial results for GE in second
quarter 2005
GE achieved record second-quarter earnings of $4.6 billion, 24% higher than
second quarter 2004, on 13% growth in revenues to $41.6 billion, the Company
announced on 15 July 2005. First-half cash flow from operating activities
(CFOA) of $8.0 billion rose 18%, with CFOA of GE's industrial businesses up
24%. 17 July 2005
Scotland's support for life
sciences and medical technology paying off
Scotland's strategy to build foreign direct investment in life sciences and
technology through a comprehensive government, academic and private
corporate support infrastructure strategy seems to have paid off after just
a few years. 12 July 2005
Roche and GE Healthcare
collaborate to develop personalised medicine for Alzheimer's patients
Roche and GE Healthcare, have announced a collaboration aimed at developing
personalised care for patients with Alzheimer's disease. In controlled
clinical trials, patients taking a Roche anti-amyloid drug candidate for
Alzheimer's disease will be monitored clinically for drug response using
GE's positron emission tomography (PET) diagnostic imaging agent. 11 July
2005
Roche und GE Healthcare werden personalisierte Medizin für Alzheimer-Patienten
erforschen. 11 Juli 2005
Roche e GE
Healthcare esploreranno la medicina personalizzata in pazienti affetti dal
morbo di Alzheimer. 11 luglio 2005
Roche et GE Healthcare vont explorer la médecine
personnalisée pour les patients atteints de la maladie d’Alzheimer.
11 Juillet 2005
Philips to acquire leading US PACS
supplier Stentor
Royal Philips Electronics and Stentor Inc. have announced that Philips will
acquire Stentor, a leading US PACS supplier. The Merger strengthens Philips'
presence in the high-growth healthcare information technology market by
enabling it to give a more complete package of products. The geographic
reach of Stentor also complements that of Philips. 8 July 2005
GE reorganisation leaves healthcare
division unchanged
General Electric has reorganised its vast business empire from 11 units into
6, but leaves healthcare unchanged, apart from the appointment of new
president next year on the retirement of Sir William Castell. 24 June 2005
Philips expects further growth and
acquisitions in medical systems
At a meeting with investors and financial analysts on 15 June, Royal Philips
Electronics discussed the company's ongoing progress in building a steadily
growing Medical Systems division. 21 June 2005
Siemens forms new molecular imaging
division after acquisition of CTI
Following the acquisition of CTI Molecular Imaging, the world's leading
provider of positron emission technology (PET), Siemens has formed a new
division called Siemens Medical Solutions Molecular Imaging, to combine all
its nuclear medicine operations. 21 June 2005
Finnish University to acquire pre-clinical
imaging system from Gamma Medica
The University of Kuopio has ordered a dual modality SPECT/CT system. It
will be housed in the University's Department of Biomedical Nuclear Magnetic
Resonance (NMR), part of the A.I. Virtanen Institute (AIVI) for Molecular
Sciences. 15 June 2005
Dräger Medical generates revenues of over
€1 billion for the first time
According to Dr. Wolfgang Reim, CEO of Dräger Medical, the subgroup’s
successive growth in 2004 is attributable to the consistent efforts it has
made to globalize operations and bolster its international presence. 14 June
2005
Agfa launches new operating model and
appoints country manager for German-speaking market
After the strategic acquisition earlier this year of GWI AG, to add hospital
information systems to its portfolio of products, Agfa has announced its
operating model in the German, Austrian and Swiss market. 12 June 2005
Agfa acquires remaining shares of Italian
RIS supplier Med2Rad. 12 June 2005
Agfa concludes acquisition of Heartlab
Agfa-Gevaert has concluded the acquisition of cardiology systems supplier
Heartlab, after complying with regulatory requirements. The transaction
price consists of $132.5 million USD / 106.5 million euros. 12 June
MDS Nordion and Macrocyclics collaborate
in development of new compounds for molecular imaging
MDS Nordion and Macrocyclics Inc. have entered into a research and
development collaboration to develop innovative, bifunctional chelates for
use in molecular imaging and targeted therapeutic pharmaceuticals. 10 June
2005
McKesson sees strong momentum in
medical imaging solutions
McKesson has announced that it has signed a record 28 new customers for its
medical imaging solutions since January. The company also said that it had
completed 15 installations in the same time period. 10 June 2005
Philips Medical Systems North America
appoints new CEO
Philips Medical Systems, a division of Royal Philips Electronics, has
appointed Brent Shafer as executive vice president and CEO, sales and
service region for North America. Shafer will help capitalize on the
company's breadth of products and technologies to continue growth and
increase overall market share. 29 May 2005
Defibrillators, spinal products and
insulin pumps fuel record revenues for Medtronic
Medtronic recorded fiscal year revenues of $10.055 billion compared to
$9.087 billion generated in fiscal 2004. Fiscal fourth quarter revenues rose
to $2.778 billion from the $2.665 billion reported in the fourth quarter one
year ago. 28 May 2005
GE delivers strong first quarter 2005
financial results
GE achieved record first-quarter earnings of $4.0 billion, up 25% from $3.2
billion in first quarter 2004, on revenue growth of 19%, the Company
announced 15 April. April 2005
Research and Markets profiles GE
Healthcare
Research and Markets has announced the addition of GE Healthcare Medical
Device Company Intelligence Report to their offering. April 2005
Longport, Inc. announces financial results
for fourth quarter and year end 2004
Longport is a medical technology specialist in high resolution ultrasound
imaging. Its revenues for 2004 were $2.5 million compared to $500,000 for
2003. This increase is primarily due to the increase in sales of the
Company's scanner device of over $2.0 million. April 2005
Agfa to acquire cardiology supplier
Heartlab
The move strengthens Agfa's leadership position in healthcare IT
significantly, enhancing its cardiology solutions portfolio. In addition,
Agfa expands its presence in U.S. hospitals. April 2005
Philips first quarter 2005 net income down
€433
The drop was due to a €435 million lower contribution from unconsolidated
companies. Sales amounted to €6,635 million and were flat compared to Q1
2004. April 2005
Kontron adopts PC-Doctor Network Factory 5
diagnostics software
Kontron has adopted the software to be used in its manufacturing and service
organisations for embedded computer technology to the communications,
automation, mobile, medical, military, aerospace, test and measurement, and
encryption security markets. April 2005
Draeger Medical consolidates US
manufacturing in Telford, Pa
The manufacturing of all Draeger Medical monitoring and IT products will be
moved to Telford from the current location in Danvers as of August 15, 2005.
April 2005
Midmark Diagnostics
recognised for leadership in patient monitoring diagnostic devices
The ability to accurately and efficiently facilitate patient-centric
information has become increasingly challenging. Midmark moves beyond
interfacing and places greater emphasis on the ability to integrate and
facilitate information transfer on a continual basis. April 2005
GE Healthcare wins Market Leadership Award
for PET-CT business. April 2005
Medical technology
investment and partnering conference
In3 EUROPE is a forum for senior executives in the medical device,
diagnostics, biotech and investment communities to preview promising
early-stage medical technology companies in need of funding, acquisition
and/or strategic partnership. April 2005
New investment for IVMD to develop labour
prediction and blood glucose devices
IVMD, developer of non-invasive diagnostic products, has received
second-phase funding from the UK government. April 2005
Patient monitoring market
worth $2bn
The worldwide multi-parameter patient monitoring market is estimated at
approximately $2 billion according to a new report by Research and Markets.
The home healthcare and remote monitoring market are expected to grow at an
accelerated rate. April 2005
Smiths Medical acquires Medex
Medex has announced the acquisition of its worldwide business by Smiths
Medical, a division of UK-based Smiths Group plc. The combined annual sales
of the two companies are approx $1.25bn. April 2005
Masimo corporation awarded $420 million in
US antitrust lawsuit on medical device purchasing practices. April 2005
Agfa-Gevaert 2004 financial results.
March 2005
VIASYS Healthcare acquires Micro
Medical
VIASYS Healthcare has announced that it has signed a definitive agreement to
acquire UK-based Micro Medical Ltd for a purchase price of approximately $39
million. Micro Medical is one of the world's leading manufacturers of
turbine spirometers. March 2005
IVMD announces new patent filing for
tissue blood flow
The patent application is for the sensitive measurement of blood flow in
tissue and includes the measurement of blood flow and concentration in skin
and other body tissue through the non-invasive use of magnetic fields. March
2005
Siemens acquires CTI
Molecular Imaging
Siemens and CTI Molecular Imaging have entered into a merger agreement under
which Siemens will acquire CTI. The transaction has a value of approximately
$1 billion. March 2005
Agfa chooses single platform for all
healthcare applications
Through organic growth and acquisitions Agfa is pioneering the international
roll-out of a hospital-wide comprehensive information management system.
March 2005
EKOS to expand ultrasound
catheter production with $18 million finance deal
EKOS is focused on developing and commercializing novel high technology
ultrasound-enhanced micro-catheters for dissolving blood clots in the brain
or in the peripheral arteries in the legs. March 2005
Oxford Instruments Medical taken over by
Viasys Healthcare
Viasys Healthcare has acquired the global Medical Division of Oxford
Instruments plc, Oxford Instruments Medical, based in Old Woking, U.K., for
£24 million. March 2005
Apnea-risk evaluation system for home use receives clearance for sale
in EU
The Apnea Risk Evaluation System (ARES) for diagnosing obstructive sleep
apnea (OSA) has received the CE Mark, allowing it to be marketed in the
European Union. The ARES combines a miniaturized, battery-powered device to
measure blood oxygen levels, pulse rate, snoring sounds, nasal pressure and
head position/movement with a questionnaire to assess known risk factors.
February 2005
SpineVision Receives FDA Clearance for PediGuard surgical drill
SpineVision(R) has received from the US FDA clearance to market the
Company's PediGuard(TM) instrument as an FDA Class II device. PediGuard is a
drilling instrument that constantly monitors the electrical conductivity of
the tissue at its tip throughout the drilling process. February 2005
Biotel revenues up 25%
Biotel Inc. has announced revenues for the second quarter ended
December 31, 2004 were up 24.8% to $2,596,000 versus revenues of $2,080,000
for the quarter ended December 31, 2003. February 2005
Imaging Sciences
International earns ISO standards of quality management. February
2005
Thermo Electron reports 16% revenue
growth and record operating income in the fourth quarter
Thermo Electron Corporation reported fourth quarter 2004 revenues of $613
million, a 16% increase from $529 million in the fourth quarter of 2003.
February 2005
Varian Medical Systems acquires Sigma
Micro Informatique Conseil. January 2005
Varian Medical Systems acquiert
Sigma Micro Informatique Conseil. January 2005
CTI Mirada wins FDA approval to market
its Scenium PET scan analysis software. January 2005
Cash flow seen as key for Baxter
International. January 2005
Kodak to purchase OREX, supplier of
computed radiography products for specialty markets. January 2005
FDA approves pre-market application for
Siemens mammography system. August 2004
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