MassDevice.com +5 | The top 5 medtech stories for January 18, 2017

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. Allergan pays $15m for failing to disclose Actavis ‘white knight’ offer The SEC said yesterday that Allergan will pay a $15 million fine for failing to disclose its 2014 merger talks with Actavis. In June 2014, Valeant Pharmaceuticals offered a tender bid for the Irvine, Calif.-based company which was followed by a 7 month-long hostile pursuit by Valeant and co-bidder Pershing Square Capital Management. In November 2014, Allergan publicly announced that it had accepted a $66 billion takeover bid from Actavis. Read more 4. Corindus jumps on raised outlook Shares in Corindus Vascular Robotics jumped nearly 11% in morning trading today after the company raised its outlook for full-year revenue in 2017 to between $13 million – $15 million. Analysts have pegged the robotic-assisted systems maker’s full-year revenue for 2017 at $12 million. Corindus said in a report yesterday that it anticipates implementation of at least 25 new cardiovascular programs this year and, in order to support future capital needs, it actively pursuing additional funding through potential strat...
Source: Mass Device - Category: Medical Equipment Authors: Tags: News Well Plus 5 Source Type: news