Showing all posts written by Rick Park

Philips Acquires Spectranetics for $2.16 Billion

Philips Acquires Spectranetics for $2.16 Billion

According to a June 28, 2017 press release, Dutch healthcare company Philips has agreed to buy Colorado Springs-based Spectranetics Corporation, a cardiac device manufacturer, for approximately 1.9 billion euros ($2.16 billion),

Certain Medical Devices Exempted from 510(k) Requirements

The Food and Drug Administration (FDA) recently identified a list of Class II Medical Devices that, when finalized, will be exempt from premarket notification (510(k)) requirements.  This publication was made by the FDA pursuant

Sanofi & Verily Launch a Diabetes Joint Venture

Sanofi, a French multinational pharmaceutical company, and Verily Life Sciences LLC (formerly Google Life Sciences), Alphabet’s U.S.-based company devoted to the study of life sciences, recently announced the launch

FDA Issues Draft Guidance on Dissemination of Patient-Specific Information from Devices

On June 10, 2016, the U.S. Food and Drug Administration (FDA) issued draft guidance advising manufacturers on appropriate and responsible dissemination of patient-specific information from medical devices.

The draft guidance

FDA Approves AspireAssist Obesity Device

FDA Approves AspireAssist Obesity Device

On June 14, 2016, the U.S. Food and Drug Administration approved AspireAssist, an obesity treatment device that uses a surgically-placed tube to drain a portion of the stomach contents after every meal.  According to a press release

Life Spine Announces FDA Clearance of PROLIFT Expandable Interbody System

The U.S. Food and Drug Administration (FDA) has granted 510(k) clearance to the PROLIFT Expandable Interbody System of Life Spine.  Accordoing to its website, Life Spine is a medical device company based in Huntley, Ill., that designs,

Congress Suspends Medical Device Tax for 2 Years

Congress Suspends Medical Device Tax for 2 Years

The New York Times reports that Congress has passed a $1.8 trillion package of spending and tax cuts which includes a two-year-long suspension of the medical device tax and a permanent extension of the research and experimentation tax

Reflexion Health’s Digital Medicine Therapy Tool Receives FDA Clearance

San Diego-based company Reflexion Health announced that its motion-tracking based physical therapy tool Vera received FDA 510(k) clearance on October 30, 2015 (510(k) number K150462).

According to the Indications for Use Statement