Business news 2005
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 Med Tech
Company reports

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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