Business news 2007
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Esaote and TechniScan enter technology and financial partnership
Italian medical imaging company Esaote Group and US ultrasound developer TechniScan Medical Systems have entered an agreement to share technologies and intellectual property, collaborate in the development of TechniScan’s UltraSound CTTM, and to co-operate in marketing. 17 December 2007

Boston Scientific to sell two businesses to private equity firm
Boston Scientific Corporation is to sell its fluid management and venous access businesses to private equity firm Avista Capital Partners for $425 million. 14 December 2007

Varian image-guided radiotherapy selected for Portsmouth hospital
The new Queen Alexandra Hospital in Portsmouth, UK, will receive four high-energy Clinac iX linear accelerators supplied by Varian Medical Systems. They will be equipped with on-board imager devices for advanced image-guided radiation therapy (IGRT) treatments. 12 December 2007

Agfa enhances PACS image distribution with Visage CS thin client technology
Visage Imaging, a wholly owned subsidiary of Mercury Computer Systems, Inc. has announced a worldwide integration agreement with Agfa HealthCare, a leading provider of IT-enabled clinical workflow and diagnostic imaging solutions. 12 December 2007

The new ultrasound scanner designed by Plexus for SuperSonic Imagine has the potential to speed up cancer diagnosis.Plexus to develop breakthrough ultrasound system for SuperSonic Imagine
French start-up SuperSonic Imagine has contracted design and manufacturing services company Plexus to bring to market a novel ultrasound system that can measure the elasticity of tissue. 6 December 2007

Electronic growth hormone injection device gains US approval
EMD Serono, Inc. has received US FDA approval of its easypod delivery system for the administration of Saizen, a treatment for growth hormone deficiency. 23 November 2007

Boston Scientific settles 8550 patient claims over faulty Guidant defibrillators
Boston Scientific Corporation (NYSE:BSX) has reached an amended agreement to settle claims associated with a series of product communications issued by Guidant Corporation in 2005 and 2006. Boston Scientific acquired Guidant last year. This agreement amends a prior agreement Boston Scientific reached in July 2007 to cover additional unanticipated claims. 22 November 2007

Boston Scientific sells cardiac and vascular surgery businesses to Getinge
Boston Scientific Corporation is to sell its cardiac surgery and vascular surgery businesses to Getinge Group for $750 million as part of its plan to divest non-strategic assets and increase shareholder value. 13 November 2007

Siemens Magnetom Essenza sets trend in MRI quality and cost reduction
Siemens has developed a 1.5 Tesla magnetic resonance imaging system (MRI) that is priced at up to several hundred thousand euros below the conventional 1.5 Tesla systems of this type. 5 November 2007

Axon develops chronic disease monitoring software for home PC
Kent University spin-out Axon Limited has developed a patient-monitoring system that runs on a normal PC with no bespoke hardware and enables chronic disease patients to be monitored from their homes. The system will be launched this month. 5 November

St Luke's orthopaedic clinic installs digital radiology backbone
St Luke’s Hospital in Oxford, UK, has installed an Agfa Web 1000 PACS system to help improve workflow and patient care. 5 November

Agfa's Orbis installed in Toulouse, France and Lecco, Italy
Agfa HealthCare has announced two European installations of its Orbis hospital information system, at Purpan Hospital in Toulouse and Azienda Ospedaliera Ospedale di Lecco in northern Italy. 22 October

Philips introduces compact, multi-measurement patient monitors
The Philips IntelliVue MMS X2 is an enhanced multi-measurement module that can be used with any compatible Philips IntelliVue patient monitor. The IntelliVue MP2 patient monitor is a rugged, compact, full-featured patient monitor that offers clinical decision-support tools.  22 October

Medtronic buys MRI-safe technology for implanted devices from Biophan
Biophan's technologies reduce the normally dangerous heating and induced voltages in wires to safe levels during MRI scans. 9 October

Inverness Medical Innovations acquires Bio-Stat Healthcare Group. 9 October 2007

Philips expands into US home cardiac monitoring market with acquisition of Raytel Cardiac Services
Royal Philips Electronics is to acquire US-based Raytel Cardiac Services and other ancillary operations from SHL Telemedicine Ltd, for approximately US$110 million in cash. 4 October 2007

Siemens Japan acquires majority stake of Mochida Siemens Medical Systems. 3 October 2007

Bionas signs service contract with Solvay Pharmaceuticals
Bionas GmbH, a specialist in in-vitro profiling of cellular metabolic activity, has signed a service contract with German firm Solvay Pharmaceuticals GmbH for the metabolic profiling of obesity drug candidates. 3 October 2007

The smart skin patchCrospon licenses drug-delivery system based on HP inkjet printer technology
The technology which is based on an inkjet printer head, enables painless, controlled release of one or more drugs in a single patch applied to the skin. 28 September 2007

Elekta launches compact linear accelerator
Elekta has unveiled the Elekta Compact, a linear accelerators with a single low-energy photon beam and a small footprint, designed for use in a small treatment room and in specialized markets. 26 September 2007

Xograph to distribute Mindray ultrasound equipment in UK
Xograph Healthcare has signed a distribution agreement with Shenzen-based Mindray for the supply of ultrasound equipment in the UK. 24 September

Viking Systems expands in Central Europe
Viking Systems has expanded its distribution network for its laparoscopic vision systems in central Europe by signing up a new partner, Biomedica Medizinprodukte of Austria. 24 September 2007

Salzburg hospital migrates 600,000 patient data files to Agfa's Orbis
Agfa HealthCare has announced that it has successfully installed its Orbis hospital information system together with its Impax picture archiving and communications system in the Salzburger Landeskliniken in Austria. 17 September 2007

Finland's Nexstim gains €8m investment for brain diagnostics technology
Nexstim Ltd develops revolutionary brain diagnostics and therapy technology. The new equity investment will allow Nexstim to accelerate its international sales and marketing activities, and expand its customer base. 13 September 2007

Philips and Chinese Institute of Health Sciences join forces in molecular medicine
Royal Philips Electronics and the Institute of Health Sciences have announced an agreement to establish a joint research laboratory to conduct advanced research in the field of molecular medicine. 12 September

Spanish Hospital orders low-radiation mammography units from Sectra
The order comprises four Sectra MicroDose mammography units and breast-imaging PACS, for managing and archiving digital breast images. 11 September

Boston Scientific plans further consolidation of core businesses
Boston Scientific Corporation has announced that it is considering the sale of its cardiac surgery and vascular surgery businesses in an ongoing review of its assets and as part of moves to strengthen its operating and financial performance. 21 August 2007

MindWeavers to launch software to improve brain function
MindWeavers, a spin-out company from the University of Oxford, is launching a series of 'brain exercise' computer game products after securing £558,000 of new investment capital. 21 August 2007

Philips to acquire RIS supplier Ximis
Royal Philips Electronics is taking over Texas-based radiology information system (RIS) supplier Ximis Inc. Ximis' product, Xiris, is considered to be complementary to Philips' own RIS product, iSite. 20 August 2007

Carestream Health becomes ‘supporting member’ of European Society of Radiology
Carestream Health will make its European debut at the 2008 European Congress of Radiology (ECR). The comapny was formed in May, when Canada's Onex Corporation acquired Eastman Kodak Company’s Health Group. 15 August 2007

Orbotech acquires 3D — Danish Diagnostic Development
Danish Diagnostic Development A/S, a manufacturer of gamma cameras for nuclear medicine, is a privately-held Danish company that markets primarily in the United States through major industry suppliers that distribute them under their own brands. 13 August 2007

Inverness Medical Innovations to acquire Hemosense
Inverness Medical Innovations  is to acquire point- of-care diagnostics supplier HemoSense, Inc. in an all stock deal. HemoSense manufactures and sells handheld blood coagulation systems for monitoring patients taking warfarin. 9 August 2007

Siemens to take over Dade Behring for US$7bn
Siemens has further strengthened its diagnostics capabilities with its merger agreement with US-based Dade Behring, Inc. The planned acquisition has a total transaction volume of approximately US$7 billion (about €5 billion), almost a 40% margin over the value of the company. 9 August

OmniGuide gains EU approval for flexible fibres for CO2 surgical lasers
This will make flexible fibre delivery of a CO2 laser for minimally invasive surgery available in Europe and other countries that accept the CE mark. 5 August

CardioFocus receives European approval for endoscopic cardiac ablation system
The device combines endoscopic visualization and guidance with the delivery of therapeutic light energy to perform pulmonary vein isolation for the treatment of atrial fibrillation. 5 August

GE Centricity RIS/PACS goes live at Florence Nightingale Kiziltoprak Hospital, Turkey. 3 August 2007

Medtronic expands spinal business with acquisition of Kyphon for US$3.9bn
Medtronic, Inc. is strengthening its spinal business with the acquisition of Kyphon for US$3.9 billion in a move seen as complementary in product range and geographical markets. 3 August 2007

Swedish County Council chooses Sectra mammography system
Värmland County Council in Sweden is expanding its digital mammography service with two Sectra MicroDose Mammography systems. 25 July 2007

Boston Scientific to pay out $195 million to settle Guidant product lawsuits.
Boston Scientific Corporation has announced that an agreement has been reached to settle lawsuits from 2005 and 2006 associated with cardiac products manufactured by Guidant Corporation, which it acquired last year. 19 July 2007

Medos Medizintechnik AG to buy Gish Biomedical from CardioTech.
12 July 2007

Ivivi Technologies receives EU approval for electrotherapy devices. 11 July 2007

Japan Lifeline to distribute Sorin cardiac devices in Japan
Sorin has signed a ten-year partnership agreement with Japan Lifeline (JLL), a leading distributor of medical devices in Japan, whereby JLL will distribute Sorin’s cardiac rhythm management devices throughout Japan. 4 July 2007

Boston Scientific to acquire Remon Medical Technologies
Remon develops minute smart devices for implanting in the body that can monitor physiological parameters, stimulate tissues or organs, or activate other devices that deliver drugs and communicate wirelessly. 3 July 2007

Sensitron and Welch Allyn form alliance to provide patient monitoring
Medical products and solutions provider Welch Allyn has announced a new partnership with Sensitron UK, developers of software solutions for patient monitoring. 29 June 2007

GE to supply digital mammography units to Irish breast screening programme
GE Healthcare is supplying 13 full field digital mammography (FFDM) units to BreastCheck in Ireland, part of the Irish National Cancer Screening Service. 7 June 2007

Picis expands customer base in Europe
Picis, Inc., a provider of high-acuity care information systems, has released a summary of European customer expansions and contract signings for the first half of 2007. 7 June 2007

Antwerp radiotherapy centre chooses TomoTherapy cancer treatment system
The new University Radiotherapy Centre of Antwerp has chosen the TomoTherapy Hi·Art treatment system for providing radiation therapy, and the Centre will serve as a European training facility for TomoTherapy. 7 June 2007

GE Healthcare and IntrinsiQ to integrate cancer treatment system with patient records
GE Healthcare and cancer care software supplier IntrinsiQ, LLC are to collaborate to integrate IntrinsiQ's cancer treatment information system with GE's Centricity electronic medical record (EMR) system. 7 June 2007

Compact ultrasound to boost market to US$5 billion by 2008
The world market for ultrasound imaging equipment will reach US$5bn by 2008 and US$5.7bn by 2010, driven by the miniaturisation of ultrasound equipment and the development of new applications. 5 June 2007

Neurotechnology industry revenues reach $120.5 billion
A survey of the neurotechnology industry has found that total revenues from pharmaceuticals, devices and diagnostics reached $120bn in 2006. 4 June 2007

Inverness Medical Innovations and Procter & Gamble set up consumer diagnostics company
Inverness Medical Innovations, Inc. and The Procter & Gamble Company have completed their previously announced deal to form a joint venture for consumer diagnostic products, SPD Swiss Precision Diagnostics GmbH. 30 May 2007

InterSystems takes over TrakHealth
TrakHealth will operate as an independent subsidiary of InterSystems Corporation, with its own sales force. 21 May 2007

Cardinal Health to acquire VIASYS Healthcare for $1.5bn
The acquisition will expand Cardinal Health's clinical and medical product offerings for global, acute-care customers and will establish the company as a leader in the more than $4 billion respiratory care market. 16 May 2007

Biosense Webster and Medtronic to jointly develop cardiac arrhythmia care
The two companies plan to collaborate on three key areas of interest: a clinical trial, a technology development initiative and educational programs. 16 May 2007

RaySearch Laboratories to develop radiotherapy software for Varian
RaySearch will develop advanced radiation therapy treatment planning software for integration into Varian’s Eclipse treatment planning system. 15 May 2007

St Jude Medical gains European approval for heart failure devices. 15 May 2007

GE Healthcare to distribute ART's eXplore Optix outside North America. 15 May 2007

Agfa HealthCare and ICW collaborate to integrate hospital software
Agfa HealthCare and InterComponentWare AG (ICW) have announced a non-exclusive agreement to cooperate in developing integration and interoperability between Agfa HealthCare’s hospital information system (HIS) ORBISTM and ICW’s eHealth Framework. 12 May 2007

Elekta Neuromag outsources magnetoencephalography production to Innokas Medical. 11 May 2007

Biosense Webster and Medtronic collaborate to advance cardiac arrhythmia care.
The companies have announced plans to collaborate on a clinical trial, educational initiatives and a product development program, to advance the care of patients with cardiac arrhythmias. 10 May 2007

Philips and Misys collaborate in home telemonitoring solutions
The companies intend to develop an integrated software platform that will enable care agencies to provide high quality care to chronically ill patients at home, including the remote monitoring of patients’ health status to provide operational efficiencies. 10 May 2007

Philips expands homecare market presence with acquisition of Health Watch Holdings
Philips will pay US$130 million for the US-based, provider of personal emergency response services. The acquisition will add 100,000 customers to Philips' Lifeline homecare network. 10 May 2007.

EDAP to distribute China Medical's HIFU devices in the EU and Russia
The deal gives EDAP exclusive distribution rights for four years following EU approval for China Medical’s FEPBY series of high intensity focused ultrasound (HIFU) systems. 3 May 2007

Quest Diagnostics to Acquire AmeriPath for $2 Billion
The acquisition will boost Quest Diagnostics' position in cancer diagnostics with a focus on dermatopathology, anatomic pathology and molecular diagnostics. 27 April 2007

Siemens wins contract to build first molecular imaging centre in the UAE
Siemens Medical Solutions has won a 16.7 million contract to build and operate a molecular imaging centre in Abu Dhabi. The facility will be the first of its kind in the region, providing diagnostic services for oncology, cardiology and neurology. 23 April 2007

Elekta acquires 3D Line Medical Systems
Swedish medical technology company Elekta has acquired Milan-based 3D Line Medical Systems S.r.l. The acquisition gives Elekta technology regarding stereotactic radiosurgery, dynamic IMRT treatments and radiation therapy. 23 April 2007

Tunstall celebrates 50 years in telecare
UK company Tunstall is celebrating 50 years of providing healthcare solutions that support older people and those with long-term needs, by effectively managing health and well-being. 30 March 2007

3M Health Care launches diagnostics unit for rapid detection of infection
3M Health Care has created a new Medical Diagnostics business unit to develop and commercialize rapid diagnostic products for detecting key infectious pathogens such as MRSA and other treatment-resistant microbes. 28 March 2007

Synergis invests in PET camera for cancer detection
Synergis Technologies Ltd. has led a venture capital syndicate investing into Petrra Ltd, a developer of an new positron emission tomography (PET) camera that can diagnose heart disease and cancer more accurately and faster than current cameras, and at a lower cost. 26 March 2007

EC tender for study on exposure to electromagnetic fields from MRI equipment. 16 March 2007

Cambio Healthcare Systems launches in UK
Cambio Healthcare Systems, the largest healthcare administration software provider in Scandinavia, has set up office and won its first contract in the United Kingdom. 10 March

First implants and EU approval for Sorin REPLY pacemakers
This new pacemaker line is designed to deliver automatic, physiologic pacing adapted to patients who have bradyarrhythmia. 8 March 2007

ART gains European clearance for SoftScan device. 7 March 2007

iSOFT Germany to provide laboratory systems to Dr Reising-Ackermann labs. 1 March 2007

Averion expands European operations
Averion International Corp. a clinical research organization (CRO) specializing in oncology, medical devices, dermatology and nephrology, has opened four European-based offices. 28 February 2007

Misonix expands distribution of ultrasound surgical devices in Europe. 21 February 2007

3M takes over UK rapid diagnostics company Acolyte Biomedica
The addition of Acolyte Biomedica allows 3M to expand more quickly into the emerging market of infection prevention diagnostics, especially in Europe where Acolyte Biomedica has a commercialized product for MRSA detection. 20 February 2007

Inverness Medical Innovations acquires assets of First Check Diagnostics
Inverness Medical Innovations, Inc. has paid $25 million in cash for the assests of California-based First Check, a market leader in home testing for drugs of abuse, such as marijuana, cocaine and opiates. 19 February 2007

Siemens to build first molecular imaging centre for UAE
Mubadala Development has awarded Siemens Medical Solutions a 16.7 million contract to build and operate a Molecular Imaging Centre (MIC) in Abu Dhabi. This provide diagnostic services for oncology, cardiology and neurology. Expected to open in summer 2008, the facility will be the first of its kind in the region. 16 February 2007

Global molecular diagnostics market could reach $92bn by 2016
The market will be driven by the addition of new tests in high-volume testing areas coupled with the introduction of new instrumentation which will provide greater ease, speed, and quality. 15 February 2007.

Bio-Imaging acquires French neurology imaging lab Theralys SA
Bio-Imaging Technologies, Inc. (NASDAQ: BITI), has acquired French company Theralys SA, a leading provider of customized imaging services in the field of central nervous system disorders (CNS) and neurovascular diseases. 14 February 2007

Chinese market for personal blood-pressure monitors growing at 33%
The Chinese market for home-use digital blood-pressure monitors will grow at over 33% per year, driven by lower prices and increased awareness, according to a new report from InMedica. 7 Feb 2007

Image-guided radiosurgery system for new Dublin hospital
The newly opened Beacon Hospital in Sandyford, Dublin has ordered Europe’s first Trilogy Tx image-guided radiosurgery system from Varian Medical Systems. 7 Feb 2007

Varian Medical Systems completes acquisition of ACCEL Instruments GmbH
Varian Medical Systems has completed the acquisition of research instrument and proton therapy system supplier ACCEL Instruments GmbH for approximately $30 million. 31 Jan 2007

Philips wins €27 million contract for digital radiography systems in China
Royal Philips Electronics has signed an agreement with Ascent Profit, a leading Chinese medical equipment wholesaler, to supply 200 high-end radiography systems for small and medium-sized hospitals. 30 Jan 2007

Home blood-pressure monitor market to reach $1bn by 2010
The world market for home-use digital blood pressure monitors is worth almost $800 million. The increase in hypertension and use of telehealth will lead to growth of 6.7% per year, taking it to $1 billion by 2010, according to a report by InMedica. 30 Jan 2007

GE to acquire two core diagnostics businesses from Abbott for $8.13bn
GE is to buy the in vitro diagnostics and point-of-care diagnostics businesses from Abbott in a move that will broaden GE Healthcare’s diagnostic offerings, complementing its diagnostic imaging systems, molecular imaging, information technology, and patient monitoring capabilities. 28 Jan 2007

Siemens takes over German healthcare IT company GSD
The acquisition strengthens Siemens' position in the healthcare IT sector and gives it a large installed base of 300 customers in 14 countries. 26 Jan 2007

Boston Scientific to shed 500 jobs in cardiac product reorganisation
The move is to restore confidence in its cardiac rhythm management products, regain market share and make product development more efficient. 11 Jan 2007

ART extends distribution agreement with GE Healthcare
ART Advanced Research Technologies Inc. has announced the extension of its current agreement with GE Healthcare for the exclusive worldwide distribution of its eXplore Optix preclinical optical molecular imaging system. 11 Jan 2007

Varian to acquire German proton therapy system supplier ACCEL Instruments
The acquisition, which will cost about $30m, will enable Varian to offer products for delivering image-guided, intensity modulated proton therapy for selected cancer patients. 11 Jan 2007

Siemens completes takeover of Bayer’s Diagnostic Division
Siemens Medical Solutions Diagnostics was formed on 1st January from Bayer Diagnostics and Diagnostic Products Corporation (DPC). The new unit enables Siemens to bring together the entire medical imaging, laboratory diagnostics and clinical IT value chain under one roof. 10 Jan 2007

Inverness Medical Innovations and Procter & Gamble in consumer diagnostics venture
Inverness will contribute its related consumer diagnostic assets, other than manufacturing and core intellectual property assets and P&G will acquire its interest for a cash payment of US$325 Million. 4 Jan 2007

Business news:  Now | 2007 | 2006 | 2005

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