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The Medtechy Daily: December 6, 2018

Posted on December 06, 2018


The Medtechy Daily provides the latest news and insight for the medical technology industry, including medical device, biotech and digital health.

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Headlines

AbbVie’s Rova-T Sees Another Failure, Casts Doubt on Multi-Billion-Dollar Acquisition. Illinois-based AbbVie halted a Phase III trial evaluating Rovalpituzumab Tesirine (Rova-T) as a second-line therapy for advanced small-cell lung cancer after an Independent Data Monitoring Committee called for the stoppage due to shorter overall survival in the Rova-T arm. (BioSpace)

Medtronic to Pay $51 Million to Settle Federal Complaints Over ev3 Marketing. Minnesota-based medical device manufacturer ev3 Inc. has agreed to plead guilty to charges related to its neurovascular medical device, Onyx Liquid Embolic System, and pay $17.9 million, the Department of Justice announced today. Covidien LP, whose parent acquired ev3. (Medtechy)

J&J unit to pay $360 million to U.S. to resolve charity kickback probe. A unit of Johnson & Johnson will pay the U.S. government $360 million to resolve an investigation into its financial support of a charity that helped Medicare patients cover out-of-pocket drug costs. (Reuters)

McKesson Moving HQ from California to Texas. McKesson recently ($MCK) announced the relocation of its corporate headquarters from San Francisco, California to Las Colinas, Texas, effective April 1, 2019, expanding upon its presence in the Dallas area.(Medtechy)

Bracing For Amazon, Walgreens Launches Next-Day Drug Delivery With FedEx. Walgreens and FedEx are expanding their relationship to launch next-day prescription delivery nationwide. (Forbes)

Medtronic Announces Voluntary Field Corrective Action for Puritan Bennett 980 Ventilator Series. A thread was posted on our forums sharing that Medtronic notified customers of a voluntary field corrective action for its Puritan Bennett 980 (PB980) ventilator series. Medtronic initiated this field action on September 19, 2018. (Medtechy)

OIG report catches $34m in CMS overpayments to med device suppliers over 3 years.The U.S. Dept. of Health and Human Services’ Office of the Inspector General recently published a report claiming that the Centers for Medicare and Medicaid Services overpaid medical device suppliers by $34 million. (MassDevice)