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The Medtechy Daily: November 16, 2018

Posted on November 16, 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

Walmart will require workers to travel for spine surgery in effort to cut healthcare costs. Walmart is aiming to lower healthcare spending by requiring employees to travel to certain hospitals for spine surgeries, according to The Wall Street Journal. (Becker's Hospital Review)

Boston Scientific Announces New Restructuring Program. Boston Scientific posted an 8-K disclosing the approval of a new global restructuring plan meant to support the company's effort to improve operating performance and meet anticipated market demands. (Medtechy)

MiMedx Whistleblower Speaks Out. Mike Fox, a client of Halunen Law, was a successful executive for MiMedx, a biopharmaceutical company that manufactures and sells regenerative and therapeutic biologics. Fox contends that his fortunes turned, however, when he challenged MiMedx and refused to participate in what he believed to be an illegal revenue recognition scheme. (Medtechy)

Bristol-Myers Squibb laying off 69 employees in Florida in push to 'focus resources'. After opening an office in Tampa, Florida, in 2014 and filling hundreds of positions, Bristol-Myers Squibb plans to lay off dozens of employees there early next year. (Fierce Pharma)

FDA Warns Against Off-Label Use of Implantable Pain Pumps. FDA is cautioning doctors and patients about the serious complications that can occur when using medications not approved for use with implanted pumps that deliver medication into the spinal fluid to treat or manage pain. (MDDI)

A Spine-Surgery Robot Turned This Entrepreneur Into A Billionaire. But How Well Does His Robot Work? When David C. Paul traveled to Phoenix in 2013, he saw the future of spinal surgery: a robot prototype called the Excelsius GPS. Nicholas Theodore, one of the robot’s inventors, remembers Paul being immediately impressed. “This is going to change everything,” Paul said, according to Theodore. (Forbes)