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NetImpact Holdings has entered into an investment agreement with ProVision Capital
Group (PCG) for a $10,000,000 investment to be paid in 12 equal installments.
Sybron Dental Specialties, a manufacturer of a broad range of value-added products
for the professional dental market and the specialty markets of orthodontics,
endodontics, implants and infection prevention, announced that Bernard Pitz
will join the company effective March 1. After a transition period, Mr. Pitz
will succeed Gregory Waller, who announced last November his intention to retire
during 2005, as chief financial officer (CFO).
Millimed, a Swedish manufacturer and marketer of interventional cardiology and
neuro-radiology devices, said it has entered into an agreement to acquire Blue
Medical Devices, a developer of cardiac devices, for an undisclosed sum. Millimed
is also raising a $15 million Series B round.
EDAP TMS announced the purchase of the first Ablatherm
device by "La Mutualite Francaise" which is responsible for more than
2,000 public clinics in France.
Candela, a maker of medical lasers, said that an arbitrator ordered the company
to pay additional royalties to the patent holder of technology used in Candela's
dynamic-cooling device.
Advanced Neuromodulation Systems (ANSI) has sold off the last of its 3.5 million
shares of former merger target Cyberonics as the company prepares to move into
new clinical trials this year.
Medtronic has announced that a Delaware jury rendered verdicts in patent litigation
between Medtronic and the ACS subsidiary of Guidant, stating that Guidant's
patents on its Lau stent are valid and that certain Medtronic stents, including
the S7 and Driver stents, infringe those patents.
MEDTOX Scientific announced that it has filed a 510(k) application with the
FDA for clearance to market its Sure-Screen drugs-of-abuse point-of-collection
test (POCT) device.