MassDevice.com +5 | The top 5 medtech stories for March 30, 2016

Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry. Get this in your inbox everyday by subscribing to our newsletters.   5. Trinity Medical picks up CasMed’s neonate disposables for $3m Trinity Medical Devices said yesterday that it paid $3.35 million for CAS Medical System‘s line of neonatal intensive care disposables. The deal includes a an additional $400,000 milestone pegged to sales targets over the next 12 months, Parsippany, N.J.-based Trinity said. Read more 4. Court approves Nuo Therapeutics bankruptcy plan Wound care company Nuo Therapeutics said yesterday that a federal court in Delaware approved a bankruptcy plan that would either see it continue as an independent company or become 95% owned by lender Deerfield Management. Gaithersburg, Md.-based Nuo filed for Chapter 11 bankruptcy protection in January, 2 years after raising $35 million from Deerfield. Formerly known as Cytomedix, the company makes the Aurix hematogel, which is designed to stimulate the body’s native mechanisms to heal wounds. Read more 3. FDA: Don’t use OxySure’s portable oxygen generator The FDA today released a safety letter warning against the use of OxySure Therapeutic’s Portable Emergency ...
Source: Mass Device - Category: Medical Equipment Authors: Tags: News Well Plus 5 Source Type: news