Cook Medical invests in California urology-device company
Cook Medical is leading a $24 million investment round to support a medical-device startup developing a minimally invasive treatment for urinary conditions.
Medical Devices
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NICO Corp.’s brain surgery tools gain traction, $12.6M in new funding
After 15 years of coaxing and cajoling the medical community to consider a different way to do brain surgery, NICO co-founder Jim Pearson has numbers to show more surgeons and investors are buying into his vision.
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Cook Medical legal battle one of largest in state history
The medical-device maker is vigorously defending itself against a mountain of lawsuits that claim its inferior vena cava (IVC) filters, designed to catch blood clots, are unsafe.
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Probo Medical is straying from narrow focus to continue rapid growth
The Fishers-based company’s latest acquisition realizes its transition from a niche repair firm for ultrasound components to a multinational imaging-machine supplier.
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Cook Medical wins new trial in product lawsuit after judge admits he erred
The judge vacated a $3 million jury award against Cook Medical, saying a Georgia woman who sued the Bloomington-based device maker “did not have overwhelming evidence” to show the company’s implanted blood-clot filter was defective or caused her injuries.
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Articles
Cook Group sues Lloyd’s of London underwriter for refusing to honor $10M policy
More than 6,000 people have filed claims against Cook in connection with its inferior vena cava filters, which are small, metal, cage-like devices inserted into a vein that returns blood from the lower half of the body to the heart.
Indy startup Neurava raises $2.26M to develop epilepsy-monitoring device
Neurava Inc.’s owners are developing a device aimed at mitigating the risk of sudden unexpected death in epilepsy, a mysterious condition that takes an estimated 3,000 lives a year in the United States.
Indiana officials accuse Zionsville medical-device maker of violating securities law
The Secretary of State’s Securities Division announced the action Tuesday against VoCare Inc. and three of its officers.
Cook Medical sells portion of reproductive health business for $300M
The move comes three months after a proposed $875 million sale of Cook’s entire reproductive health business to Cooper was called off.
Device measures force of hands-on therapy
Researcher Terry Loghmani and two colleagues have developed a medical device they say can help physical therapists monitor the level of pressure they apply to the soft tissue of patients seeking greater mobility and pain relief.
New Indiana consortium aims to accelerate development of pediatric medical devices
The new effort involves Purdue University, the Indiana University School of Medicine and medical device company Cook Medical. It was created to develop new technologies for the underserved pediatric population.
Cash infusion could help Warsaw retain ortho hub
State lawmakers have earmarked $30 million in the 2023-2025 budget for an orthopedics-retention initiative.
Local podiatry office manager charged with Medicaid fraud
According to a federal complaint, the woman submitted $556,797 in false claims to Medicaid for portable medical devices known as oximeters and wired the money to her personal bank account.
OrthoWorx CEO: State funding to create boost for orthopedics industry
The CEO of orthopedic industry group OrthoWorx says the $30 million appropriation from the state’s new two-year budget has created excitement within Indiana’s orthopedic industry.
Fishers startup lands another $1.25M to help launch anti-clotting device
Recovery Force Health said it plans to use the new funding as growth capital to market its device to hospitals and introduce other products.
Stevanato inks deal for vaccine vial manufacturing in Fishers
The firm is in the midst of construction for its $145 million, 370,000-square-foot manufacturing facility in Fishers, which began last September.
Greenlight Guru celebrates new, larger downtown offices
Fast-growing software company Greenlight Guru recently moved into new, bigger office space at the Union Campus on South Meridian Street. The company says it is committed to maintaining physical offices, even as its remote workforce grows.
Report: Hill-Rom is acquisition target in advanced talks with Baxter International
Hill-Rom Holdings Inc., a medical-gear maker with heavy roots and a strong manufacturing presence in southeastern Indiana, could be acquired by Baxter International Inc., if advanced talks don’t fall apart, according to The Wall Street Journal.
Cook Medical, not-for-profits joining forces on $15M medical device facility
Cook has partnered with Goodwill of Central & Southern Indiana and several other community organizations to build the manufacturing facility, which is expected to employ 100 employees on the northeast side of Indianapolis.
Medical malpractice plaintiffs reach $66M settlement in case against cardiologist
The 262 plaintiffs claimed that the doctor’s practice had implanted pacemakers or defibrillators they didn’t need and routinely scheduled unnecessary procedures.
Co-founder of biomedical giant Biomet donates $10M to Rose-Hulman
Rose-Hulman, which offers the country’s top-rated undergraduate engineering program, said the gift was among the largest individual donations in institute history.
Medical device manufacturer plans $37M Westfield facility, 477 jobs
Abbott Laboratories announced plans Monday night to build a 120,000-square-foot facility in the NorthPoint Industrial Park along U.S. 31 where it will manufacture a heart valve repair device.
Indiana to share in J&J’s $117M settlement over pelvic mesh devices
Johnson & Johnson has agreed to a $117 million multistate settlement over allegations it deceptively marketed its pelvic mesh products, which support women’s sagging pelvic organs.
Roche Diagnostics CEO leaving to join Arizona company
Jack Phillips, who has led Roche Diagnostics’ North American operations in Indianapolis since 2010, will become chief operating officer of Accelerate Diagnostics in Tucson.