Zeus today announced it appointed Tim Sette as chief financial officer. Sette will be responsible for driving the polymer extrusion and catheter manufacturing company's financial strategy and operational performance as the company continues to accelerate growth post-acquisition. He has more than a decade of experience in the medical device … [Read more...] about Zeus appoints Tim Sette as CFO
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RenovoRx to increase production of RenovoCath catheter delivery system
RenovoRx announced today that it plans to increase the production of its RenovoCath catheter-based delivery system. The Los Altos, California-based company cited increased demand for the delivery of diagnostic and/or therapeutic agents. It signed a new project work order with its principal manufacturing partner, Medical Murray, providing for an … [Read more...] about RenovoRx to increase production of RenovoCath catheter delivery system
Quasar Medical acquires balloon maker Ridgeback Technologies
Quasar Medical announced that it completed the acquisition of Ridgeback Technologies, a maker of cutting-edge catheter balloons. The company says Galway, Ireland-based Ridgeback's offerings enhance its full-service portfolio of minimally invasive medical devices. The company provides end-to-end manufacturing solutions for such devices and now … [Read more...] about Quasar Medical acquires balloon maker Ridgeback Technologies
Neurovascular tech company Route 92 Medical adds $50M in funding
Route 92 Medical announced today that it added a $50 million extension to its oversubscribed Series F financing round. The extension brings the total funding in the Series F round to $82 million. Novo Holdings joined returning investors U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners and The Vertical Group in the … [Read more...] about Neurovascular tech company Route 92 Medical adds $50M in funding
Merit Medical to buy Cook Medical’s lead management portfolio
Merit Medical Systems (Nasdaq:MMSI) announced today that it agreed to acquire Cook Medical's lead management portfolio for $210 million. Cook Medical's lead management business provides medical devices and accessories used in lead management procedures. These procedures occur in patients who need a pacemaker or an implantable … [Read more...] about Merit Medical to buy Cook Medical’s lead management portfolio
J&J’s Shockwave adds enhanced catheter to U.S. IVL portfolio
Johnson & Johnson MedTech's Shockwave Medical today announced the full U.S. launch of its Shockwave E8 peripheral IVL catheter. Santa Clara, California-based Shockwave launched the intravascular lithotripsy (IVL) catheter following FDA clearance. It designed the catheter to optimize the treatment of patients with calcified femoro-popliteal … [Read more...] about J&J’s Shockwave adds enhanced catheter to U.S. IVL portfolio
Scientia Vascular raises $14M for neurovascular treatment tech
Scientia Vascular announced today the successful completion of a $14 million growth financing round. West Valley City, Utah–based Scientia says the money will enable it to continue commercializing what company officials describe as the next generation of neurovascular tools, providing new ways to treat a variety of neurovascular disease … [Read more...] about Scientia Vascular raises $14M for neurovascular treatment tech
Penumbra announces $200M share repurchase program
Penumbra (NYSE:PEN) announced today that its board of directors approved a share repurchase authorization of up to $200 million. Alameda, California-based Penumbra said in a news release that its board approved the repurchase on Aug. 5. It allows the company to repurchase its common stock from time to time at such prices as it deems appropriate. … [Read more...] about Penumbra announces $200M share repurchase program
Pentax wins FDA nod for duodenoscope with new sterilization tech
Pentax Medical announced today that the FDA cleared its DEC duodenoscope compatibility with the Sterrad 100NX sterilizer. Advanced Sterilization Products (ASP) develops Sterrad as its flagship product. Together, the companies aim to address the ongoing challenges of duodenoscope reprocessing. They hope to reduce the risk of cross-contamination … [Read more...] about Pentax wins FDA nod for duodenoscope with new sterilization tech
Endoron Medical raises $10M for abdominal aortic aneurysm stapler
Endoron Medical announced that it closed a $10 million Series A funding round to support its flagship catheter-based stapling solution. Sofinnova Partners led the round with matching contributions from the European Innovation Council Fund (EIC Fund). Tel Aviv, Israel-based Endoron — a MedTech Innovator accelerator participant in 2022 — said … [Read more...] about Endoron Medical raises $10M for abdominal aortic aneurysm stapler
