MassDevice.com +5 | The top 5 medtech stories for January 27, 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. AirXpanders lands $34m private placement AirXpanders said today that it has commitments from investors in a private placement to raise A$45 million, or $34 million USD. The Palo Alto, Calif.-based company said that its investors committed to subscribe for 16.3 million shares of common stock at ¢70 apiece. The company plans to use the funds to bring its breast tissue expansion device to the U.S., including building inventory for the U.S. market and hiring a sales force. AirXpanders also said it plans to complete its expansion of commercial manufacturing capacity in Costa Rica. Read more 4. C.R. Bard’s Q4 sales, earnings beat estimates C.R. Bard beat the consensus forecast with its 4th-quarter results yesterday, with both sales and earnings growing at a double-digit clip. The Murray Hill, N.J.-based healthcare giant posted profits of $159.6 million, or $2.11 per share, on sales of $967.1 million for the 3 months ended Dec. 31, 2016. That amounts to profit growth of 17.1% on an 11.1% sales gain. Read more 3. Appeals court upholds $3m verdict against J&J’s Ethi...
Source: Mass Device - Category: Medical Equipment Authors: Tags: News Well Plus 5 Source Type: news