Despite Stock Drop, Obama Budget Not Expected To Tangibly Impact Medtech
Market confidence in the medical device sector declined, at least in the short term, in response to the Obama administration's fiscal 2010 budget proposal in late February, but analysts say investors are overreacting to very abstract risks to the industry
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After receiving FDA clearance for its Genio sleep apnea implant, Nyxoah plans a major US rollout despite a patent suit from rival Inspire Medical. Genio offers bilateral nerve stimulation as a CPAP alternative, with strong trial results.
Draeger Medical has recalled certain SafeStar and TwinStar ventilation filters after reports of serious injuries caused by misleading carbon dioxide readings.
The UK device regulator wants to align health institution device exemptions with its evolving policy of agile regulation of medtech in the British market. It asks stakeholders to complete a survey by Sept. 15.