1. Articles in category: Other Business News

    25-48 of 879 « 1 2 3 4 5 ... 35 36 37 »
    1. SJC Issues Decision Concerning Recovery Of Lost Profits Damages In Commercial Litigation

      SJC Issues Decision Concerning Recovery Of Lost Profits Damages In Commercial Litigation

      In a noteworthy recent decision addressing the parameters of damages in commercial litigation, the Massachusetts Supreme Judicial Court (SJC) affirmed an order excluding expert testimony concerning future lost profits damages relating to "yet-to-be conceived future products." In LightLab Imaging, Inc. v. Axsun Technologies, Inc., SJC-11374 (July 28, 2014), the SJC held that the trial court was well within its discretion to exclude an expert economist's testimony in support of a plaintiff's claim for future lost profits based on a "hypothetical new product" and extending more than twenty years beyond the term of the contract at issue. In so ...

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    2. Wasatch Photonics Receives an NIH SBIR Grant for Cost-Effective MHz Rate Optical Coherence Tomography for Biomedical Applications

      Wasatch Photonics Receives an NIH SBIR Grant for Cost-Effective MHz Rate Optical Coherence Tomography for Biomedical Applications

      Wasatch Photonics Receives an NIH SBIR Grant for $207,045 for Cost-Effective MHz Rate Optical Coherence Tomography for Biomedical Applications. The principal investigator is Roman Kuranov. The program began in 2014 and ends in 2015. Below is a summary of the proposed work. During this SBIR Phase I project we propose to build and test in phantoms a prototype of an innovative cost-effective Optical Coherence Tomography (OCT) system with a 10X increase in acquisition rate compared to commercially available systems. Further development may add an additional 10X increased acquisition rate for a total of 100X. Current market demand for Mega ...

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    3. Volcano Corporation to Divest Axsun and Settle All Ongoing Litigation with St. Jude

      Volcano Corporation to Divest Axsun and Settle All Ongoing Litigation with St. Jude

      In the recent Volcano Corporation Security and Exchange Commission Form 10-Q it appears St. Jude and Volcano have made progress at settling most or all of their on going litigation related OCT. Below is an excerpt from page 19 of Form 10-Q . "On August 7, 2014, Volcano Corporation (“Volcano”) and its wholly-owned subsidiary, Axsun Technologies, Inc. (“Axsun” and together with Volcano, the “Volcano Parties”), entered into a Settlement, Release, License Agreement, and Covenants Not To Sue (the “Agreement”) with St. Jude Medical, Inc. (“St. Jude”) and its affiliates St. Jude Medical, Cardiology Division, Inc., St. Jude Medical Systems AB, St ...

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    4. Bioptigen Receives New US Patent for Intrasurgical OCT System

      Bioptigen Receives New US Patent for Intrasurgical OCT System

      Foundational patent for intrasurgical OCT marks the company's focus on emerging market for ophthalmic surgical imaging MORRISVILLE, NC August 5, 2014 Bioptigen Inc. announces today that it has received a new US Patent presenting innovative concepts integrating Optical Coherence Tomography (OCT) Systems to Surgical Microscopes. The patent, US 8,777,412 Surgical Microscopes Using Optical Coherence Tomography and Related Methods, by Buckland E.L., et. al. includes claims for independent OCT focus and zoom control for optimizing images from the cornea to the retina, and puts forward key elements of Bioptigen's approach for incorporating OCT into new and ...

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    5. Gooch & Housego sets up CEO succession

      Gooch & Housego sets up CEO succession

      Gareth Jones, the CEO who has overseen more than a decade of business expansion at Gooch & Housego (G&H) , is set to step down from the role at the end of this year. In a management succession plan announced in a statement to the London Stock Exchange (LSE), the UK-headquartered company said that Mark Webster would take over on January 1, 2015, following a spell as deputy CEO that will begin August 18. Currently serving on the company’s board as a non-executive director, Webster is a chemistry graduate and has spent more than two decades working in the healthcare ...

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      Mentions: Gooch & Housego
    6. Lightlab Wins Trade Secret Case, Recovers No Damages

      Lightlab Wins Trade Secret Case, Recovers No Damages

      This case, decided by the Massachusetts Supreme Judicial Court on July 28, 2014 , shows how difficult it can be to recover damages in a trade secret case. The facts (boiled down) are straightforward. Lightlab manufactures optical coherence tomography systems (OCT). Lightlab had a joint development/non-disclosure agreement with Axsun. Axsun disclosed Lightlab secrets to Volcano, a competitor to Lightlab and would-be acquiror of Axsun. At trial Lightlab was able to obtain a verdict for trade secret misappropriation (and related claims) from a Massachusetts Superior Court jury. However, the trial was bifurcated, and before presenting its damages case to the jury ...

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    7. Seasonal pricing scheme to help independents introduce OCT

      Seasonal pricing scheme to help independents introduce OCT

      Heidelberg Engineering has introduced a seasonal pricing scheme to facilitate the introduction of the company’s Spectralis OCT. The rental scheme is reduced to £300 per month, for the first three months, with entrance to the scheme closing at the end of this month (August 31). The cost gradually rises in line with the practice’s ability to maximise use of the technology, as the professional team learns to promote and interpret the value of OCT on the High Street. Regional business manager, Tosh Vadhia, said: “This is a gentle way to ease into OCT. This opportunity enables OCT to ...

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    8. Medtronic Enters the FFR and IVUS Technology Field With ACIST Co-Promotion

      Medtronic Enters the FFR and IVUS Technology Field With ACIST Co-Promotion

      Today Medtronic, Inc. (NYSE: MDT) and ACIST Medical Systems, Inc., a Bracco Group company, announced a strategic agreement to bring ACIST's FFR and IVUS products into U.S. cath labs. This collaboration marks the first time a major stent manufacturer will offer both FFR and IVUS technologies. FFR (Fractional Flow Reserve) is a functional measurement system, used to help determine whether or not stenting a blockage will provide benefit to the patient. The efficacy of FFR has been proven over many clinical trials such as FAME and FAME II. IVUS (IntraVascular UltraSound) is an imaging modality, which can be ...

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    9. Expert evidence on lost profits inadmissible

      Expert evidence on lost profits inadmissible

      The Supreme Judicial Court has upheld a judge’s decision not to allow expert evidence on lost profits in a commercial dispute over optical coherence tomography (OCT) systems used to image human coronary arteries. Superior Court Judge Margaret R. Hinkle excluded opinion testimony from Roy Weinstein, plaintiff LightLab Imaging's expert economist, on the question of future lost...

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    10. Michelson Diagnostics to present at Fortbildungswoche, Munich

      Michelson Diagnostics to present at Fortbildungswoche, Munich

      Michelson Diagnostics, the UK based medical device company focused on multi-beam Optical Coherence Tomography (‘OCT’) technology, today announces that leading experts in the use of optical technology in dermatology will be presenting the benefits of multi-beam OCT at the 24th Annual Education Week for Practical Dermatology and Venereology, known as Fortbildungswoche, in Munich, Germany, 19-25 July 2014. The conference session on ‘Evidence for OCT diagnostics’ will take place at 12:15-13:15, Forum 9, on Friday 25th July. The presentations include: Optical coherence tomography scientific fundamentals and applications, Dr. Martina Ulrich Optical coherence tomography for basal cell carcinoma, Prof. Dr ...

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    11. Avinger Enrolls First PAD Patient in VISION Global Clinical Trial

      Avinger Enrolls First PAD Patient in VISION Global Clinical Trial

      Avinger Inc., pioneer of the lumivascular approach for treating vascular disease announced today that Dr. John Pigott of Jobst Vascular Institute, Toledo, OH, enrolled the first patient in VISION. VISION is a global IDE clinical trial, approved by the FDA to evaluate Avinger’s PantherisTM catheter for the treatment of Peripheral Artery Disease (PAD). It is estimated that PAD affects 12 million people in the US alone. The PantherisTM system combines directional atherectomy capabilities with real-time intravascular visualization to remove plaque from blocked arteries. The minimally invasive catheter is designed to remove plaque, while avoiding the disruption of normal arterial ...

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    12. Dr. Charles Carignan, the former CEO of Ninepoint Medical, joins BIOM as its next CEO.

      Dr. Charles Carignan, the former CEO of Ninepoint Medical, joins BIOM as its next CEO.

      BiOM has named Dr. Charles Carignan as its next CEO, replacing Tim McCarthy, who left the company this past spring. Carignan is a 20-year medtech veteran who has held several key positions in the medical device industry, including most recently at NinePoint Medical, where he was the founder and CEO. In addition, Carignan has served as executive vice president and chief medical officer of Novasys Medical and held the same role at Boston Scientific (NYSE: BSX ). He was also the vice president of clinical research and medical affairs at Conceptus (NSDQ: CPTS ), where he oversaw the clinical development of the ...

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    13. Haag-Streit Surgical Intraoperative OCT "iOCT" Product Brochure

      Haag-Streit Surgical Intraoperative OCT "iOCT" Product Brochure

      HAAG-STREIT SURGICAL is pleased to introduce the world‘s first intraoperative OCT system, developed by OPMedT. An OCT camera is integrated into the high class operating microscope HS Hi-R NEO 900A NIR and its mounting system. OCT scans of the eye’s anterior and posterior segments are performed live during surgery, thus increasing the patient’s safety and improving quality control mechanisms for the surgeon. Discover more details than with a standard surgical microscope and enhance your performance! To see product brochure click HERE.

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      Mentions: Haag-Streit OPMedT
    14. Haag-Streit Surgical Interoperative Optical Coherence Tomography System

      Haag-Streit Surgical Interoperative Optical Coherence Tomography System

      HAAG-STREIT SURGICAL's integrated iOCT system has been developed for intraoperative optical coherence tomography (iOCT™). It is non-invasive, and permits contact-free imaging for imaging structures and layers within the tissue. The iOCT's advantages find confirmation again and again among users and industry professionals: "When making corneal incisions, the iOCT shows you perfectly how the cornea is cleaved. This feedback allows you to adapt your technique to make a more water-tight incision. You can react to unexpected incidents immediately and avoid further complications.“, states Professor Peter Stalmans from the University of Leuven, Belgium. Professor Peter Stalmans from the University of ...

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    15. Mirrorcle Technologies Opens New Company Headquarters

      Mirrorcle Technologies Opens New Company Headquarters

      The all-new, 7000 square foot facility at 4905 Central Ave., Ste. 200 houses the company’s operations, R&D and manufacturing departments, Mirrorcle Technologies, Inc. (MTI) announced today. The move to the new, larger headquarters of the leading manufacturer of gimbal-less microelectromechanical system (MEMS) mirrors was prompted by the significant growth in 2013, by the subsequently expanding engineering and manufacturing teams, and by the continuously increasing customer demand. Steadily rising production volumes and quality operations requirements made it apparent that a move to a larger location was needed. At the same time, this move was also an opportunity to implement ...

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    16. Optores introduces the worlds first swept laser source with a sweep rate of up to 1.5 MHz for tomorrow's optical coherence tomography system

      Optores introduces the worlds first swept laser source with a sweep rate of up to 1.5 MHz for tomorrow's optical coherence tomography system

      Optores introduces the worlds first swept laser source with a sweep rate of up to 1.5 MHz for tomorrow's optical coherence tomography systems. The Optores swept source is based on all-fiber Fourier-domain mode-locked (FDML) laser technology. Designed for record speed, the Optores swept laser also features long coherence lengths and very high output powers beyond 80 mW. Three configuration variants are available to match your requirements.

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      Mentions: Optores
    17. New study on non-invasive diagnosis of non-melanoma skin cancer with Melanoma Institute of Australia

      New study on non-invasive diagnosis of non-melanoma skin cancer with Melanoma Institute of Australia

      Michelson Diagnostics, the UK based medical device company focused on multi-beam Optical Coherence Tomography (‘OCT’) technology, has commenced a clinical study to investigate the use of OCT to diagnose basal cell carcinoma in collaboration with the Melanoma Institute of Australia using Michelson’s Diagnostics VivoSight system. The study, run by Dr Pascale Guitera FACD PhD, will evaluate VivoSight’s ability to triage lesions which are superficial enough to be treated non-invasively and monitor the success, or otherwise, of non-invasive therapies. The study is designed to determine the potential to change clinical practice towards more non-invasive treatments of basal cell carcinoma ...

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    18. Intraocular lenses and Japan tax hike drive Meditec growth

      Intraocular lenses and Japan tax hike drive Meditec growth

      In his letter to shareholders, Monz also highlighted the recent introduction of the first ophthalmic surgery microscope to feature an integrated optical coherence tomography (OCT) camera as evidence of the company’s ongoing innovation. “The unique combination of two established Zeiss gold standards means we can now offer surgeons more comprehensive visualization during surgery, which enables better treatment results,” Monz wrote. Fierce competition in diagnostics Though growing fast, the surgical ophthalmology business unit remains Meditec’s smallest, accounting for €73.4 million of sales in the six months to the end of March. Multifocal and premium toric lenses developed recently ...

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    19. Thorlabs expands global operations to Montreal

      Thorlabs expands global operations to Montreal

      For production of fiber-based systems for OCT and more, also to be sales and support center for Canada. Now in Canada: Alex Cable Founder & President Thorlabs. Thorlabs , headquartered in Newton, NJ, USA, has announced that it has added a new R&D and manufacturing site to its global operations. Based in Montreal, Thorlabs Canada ULC will focus on the development and production of a range of innovative passive fiber-based optical components. The opening of the Canadian operation expands the company's geographical footprint, which now includes 13 manufacturing entities in nine countries over four continents. The Montreal team, currently four ...

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    20. Alcon, Carl Zeiss and Bausch & Lomb Lead the European Ophthalmic Device Market to Over €700 million by 2020

      Alcon, Carl Zeiss and Bausch & Lomb Lead the European Ophthalmic Device Market to Over €700 million by 2020

      According to a new report by iData Research ( http://www.idataresearch.com ), the leading global authority in medical device and pharmaceutical market research, the European diagnostic and interventional ophthalmic device market is expected to exceed €700 million by 2020. There are two main drivers fueling this market, technological innovation and the increasingly aging population that are affected with ocular diseases. As the population ages, the prevalence of ocular diseases such as cataracts and glaucoma increases. In addition, refractive problems such as myopia, hyperopia and astigmatism are more likely to occur in older people. These factors drive demand for specialized ophthalmic ...

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    21. Fujikura enhances splicing products to support biomedical industries

      Fujikura enhances splicing products to support biomedical industries

      Fujikura Europe, one of the world's leading manufacturers of fibre optic cables and equipment, has used 25 years of experience in the speciality splicing sector to enhance its technologies and products, including the LAZERMaster™ and ARCMaster® series, for use in the biomedical and research industries. Fujikura’s advanced splicing technology includes high-end CO₂ laser heating systems, to enable cleaner splicing with no contamination, no electrodes for low maintenance costs and little or no instability at all. Alongside the new products Fujikura will also be providing engineering and optimisation services in specialty splicing for fibre preparation applications. These include custom ...

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    22. Michelson Diagnostics to present at EuroMedtech 2014

      Michelson Diagnostics to present at EuroMedtech 2014

      Michelson Diagnostics, the UK based medical device company focused on multi-beam Optical Coherence Tomography (‘OCT’) technology, today announces that Chief Executive Officer, Jon Holmes, will be presenting an overview of the Company at the 6 th Annual International Medtech Partnering Conference, EuroMedtech™ 2014, in Linz, Austria, 7-8 May 2014. EuroMedtech is Europe's leading medical technology partnering conference, providing collaboration opportunities to medtech decision makers and investors. The conference provides a platform for innovative companies interested in partnering their technologies or products, initiating strategic alliances, or tapping into the international financing network. In addition, early stage projects and small entrepreneurial ...

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    23. Voxeleron introduces Orion, advanced optical coherence tomography (OCT) analysis software.

      Voxeleron introduces Orion, advanced optical coherence tomography (OCT) analysis software.

      Voxeleron introduces Orion, advanced optical coherence tomography (OCT) analysis software. Orion is fully-automated soft-ware, rapidly and accurately segmenting seven retinal layers in OCT images. The limited functionality of existing OCT analysis tools has meant that only two or three retinal layers are analyzed, despite the overwhelming evidence for the clinical importance of the inner retinal layers in disease detection and prognosis. Orion address-es exactly this technology gap, providing researchers much needed biomarkers for the early detection and prognosis of ophthalmic and neurological diseases. Orion is device independent, processing data from different OCT vendors. Orion will be featured in two posters ...

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      Mentions: Voxeleron
    24. What Drives St. Jude Medical to Be More Diversified?

      What Drives St. Jude Medical to Be More Diversified?

      The Cardiovascular Division participates in segments of the vascular and structural heart markets. Fractional Flow Reserve (FFR) and Optical Coherence Tomography (OCT) are two emerging technologies, which provide market opportunities, like the case of the ILUMIEN. This one is a platform that combines Fractional Flow Reserve (FFR) for measuring intra-arterial pressure with intravascular Optical Coherence Tomography (OCT) for a visual look inside arteries

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      Mentions: St. Jude Medical
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