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The recall of
hemostasis valves made by Vascular Solutions is deemed Class I, the most
serious category, by the FDA. The FDA slapped its most seri ...
March 28, 2013 -- MassDevice
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German medical
device company Biotronik says European regulators granted CE Mark approval
for its Iforia MRI-safe defibrillator. Biotronik said it ...
March 28, 2013 -- MassDevice
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After suddenly going
deaf at age 30, Ke Liu, a civil servant in China's eastern Jiangxi province,
didn't have many options. A cochlear implant mig ...
March 28, 2013 -- BusinessWeek
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Even as companies
like Boston Scientific and Stryker and smaller ones like Cook Medical have
complained loudly about the medical device tax, Medtr ...
March 28, 2013 -- Medical Device &
Diagnostic Industry
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A Connecticut
federal judge on Thursday awarded medical supplier Covidien PLC $176.5 million
in damages after finding that Johnson & Johnson unit ...
March 29, 2013 -- Law360
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Friday, March 29, 2013
Device News Digest - Mar 29
GRC News Update - Mar 29
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Among the reasons
DynCorp gave for the declination to prosecute in the filing were the
voluntary disclosure it made, an internal probe and steps t ...
March 29, 2013 -- Corruption Currents
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Morgan Stanley (MS)
Chairman and Chief Executive James Gorman took home $10.7 million in annual
compensation in 2012, down 18% from the prior year ...
March 28, 2013 -- FOXBusiness.com
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SAC Capital Advisors
LP will have to wait to learn if its $602 million insider trading settlement
with the Securities and Exchange Commission can ...
March 28, 2013 -- BusinessWeek
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Sweden-based
telecommunications company TeliaSonera AB received notice from Swedish
prosecutors it could face fines and possible forfeiture relate ...
March 28, 2013 -- Corruption Currents
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Technology company
Image Sensing Systems Inc. said Wednesday it is investigating itself for
possible violations of anti-corruption laws in the U.S ...
March 29, 2013 -- Corruption Currents
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Thursday, March 28, 2013
Device News Digest - Mar 28
Note that these new
bariatric surgery guidelines should lead to increased use of gastric sleeves.
In addition, the guidelines suggest that bariatr ...
March 27, 2013 -- MedPage Today
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Opponents of the
medical device tax aim to leverage a largely symbolic Senate vote to generate
momentum toward repeal. When the Senate voted this ...
March 27, 2013 -- MassDevice
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Doctor-owned
businesses that act as middlemen between medical device makers and hospitals
are "inherently suspect" and some of their practices may ...
March 26, 2013 -- BusinessWeek
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Selecting medical device interconnects
Technology advances in electronic consumer devices and the telecommunications industry are converging at a rapid rate with medical device technology. For example, the medical industry now embraces membrane switches from the appliance industry and relies on mobile phone interconnects within portable medical monitoring devices. In addition, super-precise surgical tools have been further improved by combining advanced fiber optic and interconnect design technologies
In this article published in http://www.eetimes.com there is a detailed explanation on this subject . click here to read full
In this article published in http://www.eetimes.com there is a detailed explanation on this subject . click here to read full
GRC News Digest - Mar 28
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JPMorgan Chase &
Co. (JPM), facing criticism that it misled investors about a change to a risk
model as trades backfired last year, told U.S. regu ...
March 28, 2013 -- Bloomberg
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Chevron Corp said on
Wednesday its executive pay would reflect certain incidents in 2012 as well
as a financial performance that outpaced the U.S. ...
March 27, 2013 -- Reuters
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The Federal Bureau
of Investigation didn't always detail the efforts it made to pursue financial
angles of terrorism cases, according to a report ...
March 27, 2013 -- Corruption Currents
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On Feb. 12, 2010,
Prudential Plc (PRU) Chief Executive Officer Tidjane Thiam offered $35.5
billion for AIA Group Ltd. (1299) in what would have be ...
March 28, 2013 -- Bloomberg
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When the now elderly
man left Japan on a Soviet ship in 1960 for North Korea, he thought he was
headed to the promised land. In reality, he surviv ...
March 28, 2013 -- Reuters
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Wednesday, March 27, 2013
Top FDA compliance seminars April 2013 - Sponsored Posting
Statistical Considerations for ICH Guidelines - Apr 11/12 MN
Statistical Techniques for Medical Device Manufacturers - Apr 17/18 TX
Why is FDA at my facility, and what do I do during an inspection? - Apr 18/19 Chicago
Medical Device Labeling (In-Vitro Lab “Home Brew” off - Label Guidance & Enforcement) - Apr 18/19 Chicago
Latin America: Regulatory Compliance Requirements for Life Science Products (Focus: Brazil, Mexico, Argentina) - Apr 25/26 LA
Computer System Validation - Reduce Costs and Avoid 483s - Apr 25-26 Las Vegas
Top 10 risks and opportunities for global organizations. Published by E&Y.
- Regulation and compliance
- Cost cutting
- Managing talent
- Pricing pressure
- Emerging technologies
- Market risks
- Expansion of government's role
- Slow recovery/double-dip recession
- Social acceptance risk/CSR
- Access to credit
In this report, the global top 10 business risks and opportunities emerging from it is explored. As in previous years, it has been taken a “bottom-up” approach to the work, gathering opinions from leading industry-based and academic commentators, across seven global sector groups.
This comprised a large-sample survey of companies and governments in 15 countries in order to rank the risks and opportunities, obtain forecasts on whether these challenges would be more or less important in 2013, and discover how leading organizations in each of the seven sectors are responding to these challenges.
The research suggests that regulation and compliance continues to be the biggest overall risk. In fact, four out of the seven sectors we surveyed ranked this as number ranking, although many respondents indicated steps taken to mitigate these risks have been reasonably effective.
With regard to opportunities, improving execution of strategy across business functions was ranked number one overall. Looking across the sectors, the impact of this opportunity is uniformly high in all cases. Investing in processes, tools and training to achieve greater productivity was ranked second overall. However, individual sectors and countries vary widely in the relative importance they give to this opportunity
Top 5 global risks of 2013 - World Economic forum
In a report published by global economic forum the top five risks for 2013 are
- Severe income disparity
- Chronic scal imbalances
- Rising greenhouse gas emissions
- Water supply crises
- Mismanagement of population ageing
The top 5 impacts due to these risks are
- Major systemic fi nancial failure
- Water supply crises
- Chronic scal imbalances
- Failure of climate change adaptation
- Di usion of weapons of mass destruction
The World Economic Forum’s Global Risks 2013 report is developed from an annual survey of over 1,000 experts from industry, government, academia and civil society who were asked to review a landscape of 50
global risks.
The global risk that respondents rated most likely to manifest over the next 10 years is severe income disparity, while the risk rated as having the highest impact if it were to manifest is major systemic financial failure. There are also two risks appearing in the top five of both impact and likelihood – chronic fiscal
imbalances and water supply crisis.
Device News Digest - Mar 27
|
Doctor-owned
businesses that act as middlemen between medical device makers and hospitals
are "inherently suspect" and some of their practices may ...
March 26, 2013 -- BusinessWeek
|
| |
Intuitive Surgical
Inc. (ISRG) lost a bid to have all claims dismissed in a lawsuit filed
against it in Washington state court over damages allege ...
March 26, 2013 -- Bloomberg
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|
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The US Food and Drug
Administration (FDA) has granted regulatory approval to Medicrea group's PASS
LP system for the treatment of adolescent idiop ...
March 26, 2013 -- Medical Devices Business
Review
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The FDA approves the
3rd and largest phase of BioControl Medical's investigational device
exemption trial of the CardioFit vagal nerve stimulation ...
March 26, 2013 -- MassDevice
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GRC Digest - Mar 27
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The Federal Reserve
took aim at Citigroup and the American branch of its Mexican subsidiary over
failure to monitor cash transactions for potentia ...
March 26, 2013 -- NYT > Business
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Cyprus is on the
verge of an unprecedented financial experiment: imposing controls on money
transfers in an economy that doesn't have its own curr ...
March 27, 2013 -- Bloomberg
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Monsanto Co. (MON)
and DuPont Co. (DD), the world's largest seed companies, agreed to drop their
respective antitrust and soybean patent lawsuits ...
March 26, 2013 -- Bloomberg
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|
Qantas Airways Ltd.
(QAN)'s bid to tie up with Emirates on international flights and shift the
so-called kangaroo route to fly through Dubai was c ...
March 26, 2013 -- BusinessWeek
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The inquiry, which
has already ensnared Barclays, JPMorgan Chase and Deutsche Bank, has been
broadened to include the International Swaps and Deri ...
March 26, 2013 -- NYT > Business
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Tuesday, March 26, 2013
FDA roles out RFP doc for vendors to help it monitor illicit product sales online
Mar 21 FDA has posted a RFP document. the plan here is to hire a contractor to look for a laundry list of illegal activity involving FDA-regulated products, from prescription drugs for sale online contrary to U.S. law, to the sale of stolen blood. The monitoring would cover websites that sell products, process payments, perform direct marketing or order fulfillment services, and even in some cases merely provide information online.
the monitoring will include sifting through mounds of publicly available information on websites, online bulletin boards, chat rooms, social networks and even email spam in order to find and report websites that might be engaging in illegal trade or marketing.
the monitoring will include sifting through mounds of publicly available information on websites, online bulletin boards, chat rooms, social networks and even email spam in order to find and report websites that might be engaging in illegal trade or marketing.
Device News Digest - Mar 26
|
GE Healthcare touts
an FDA win for its new AdreView nuclear imaging agent and vows to appeal a $5
million jury decision in favor of a patient who ...
March 25, 2013 -- MassDevice
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A surgeon and expert
witness for a woman suing Johnson & Johnson subsidiary DePuy Inc. over
its recalled ASR XL metal hip testified at the Illinoi ...
March 26, 2013 -- Law360
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A widow whose
husband cried about being 'trapped' in his body after undergoing a
prostatectomy that used Intuitive Surgical's da Vinci robotic sys ...
March 25, 2013 -- NYT > Science
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Preparing a Clinical
Evaluation is no small task. Having it rejected by reviewers, and doing it
over again to correct deficiencies is not uncommon ...
March 25, 2013 -- Medical Device &
Diagnostic Industry
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People suffering
from Type II diabetes and related obesity may have a new medical device that
addresses both the chronic conditions at the same ti ...
March 25, 2013 -- Medical Device &
Diagnostic Industry
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GRC digest - Mar 26
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Anheuser-Busch InBev
NV (ABI)'s India joint venture is being investigated by the U.S. Securities
and Exchange Commission for possible violations o ...
March 25, 2013 -- Bloomberg
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|
Regulatory oversight
of Libor rates will be handed to the U.K. Financial Conduct Authority on
April 1, under rules meant to restore credibility to ...
March 25, 2013 -- BusinessWeek
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|
The U.S. Supreme
Court expanded its scrutiny of affirmative action in higher education,
agreeing to review a Michigan law that would bar public un ...
March 25, 2013 -- Bloomberg
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Access to basic
banking services allows individuals and families to build a solid financial
foundation by safely granting the opportunity to condu ...
March 25, 2013 -- American Banker
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Monday, March 25, 2013
Drug News Digest - Mar 25
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The Supreme Court is
to decide whether the maker of a brand-name drug can pay a generic-drug
company to keep its version off the market.
March 24, 2013 -- NYT > U.S.
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U.S. health
regulators on Friday approved the first ever antibody that can counteract the
effect of all types of toxins known to cause botulism, a ...
March 23, 2013 -- Reuters
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The head of the U.S.
Food and Drug Administration proposed on Friday that the agency charge fees
to compounding pharmacies to pay for the oversigh ...
March 22, 2013 -- Reuters
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Johnson &
Johnson may soon cause frown lines at Allergan Inc, maker of Botox. J&J
expects to seek U.S. approval next year for an anti-wrinkle drug ...
March 24, 2013 -- Reuters
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Women who suffer
from migraines, and migraines with aura in particular, may have an elevated
risk of thrombotic complications when they use combin ...
March 24, 2013 -- MedPage Today
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•
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GRC News Update Mar - 25
|
Firms that issue or
exchange the increasingly popular online cash will now be regulated in a
similar manner as traditional money-order providers.
March 22, 2013 -- Corruption Currents
|
|
Deutsche Bank is
bracing for more than 300 million euros ($390 million) in charges linked to
suspected violations of U.S. sanctions on Iran, a Ger ...
March 24, 2013 -- Reuters
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|
Cisco Systems Inc.
was ordered to pay $70 million to XpertUniverse Inc. after a federal jury
ruled Friday the tech giant committed fraud during a ...
March 22, 2013 -- Corruption Currents
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|
J.P. Morgan, the nation's
largest bank by assets, added another notch on its belt, winning an award for
"best crisis management," the second time ...
March 22, 2013 -- WSJ.com: US Business
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Reuters Alistair
Graham, a London-based partner at Mayer Brown, predicts a high-profile prosecution
under the U.K. Bribery Act within the next 18 ...
March 22, 2013 -- Corruption Currents
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Friday, March 22, 2013
GRC News Digest - March 22
- India RBI Official Doesn't See Money Laundering by Three BanksThree Indian banks which are facing a central bank probe for possible violations of customer-verification, foreign-exchange and anti-money launder ...March 21, 2013-- FOXBusiness.com
- Standard Chartered Chairman Retracts Comments on U.S. Sanction ViolationsStandard Chartered Chairman John Peace is apologizing and retracting what he says are inaccurate comments he made about the company's U.S. sanctio ...March 21, 2013-- Corruption Currents
- Most Small Businesses Don’t Recover From CybercrimeSmall-business owners are more vulnerable to cybercrime than they think they are, according to a new study.March 21, 2013-- Corruption Currents
- Raj Rajaratnam brother charged with insider tradingA younger brother of Raj Rajaratnam was charged with insider trading on Thursday, nearly two years after the founder of the Galleon Group hedge fu ...March 21, 2013-- Reuters
- JPMorgan Silent Partner Revealed in Whale FiascoOne of the best parts about last week's Senate hearing on JPMorgan Chase & Co. (JPM)'s London Whale trades is that we finally got a clear picture ...March 21, 2013-- Bloomberg
Life Science News Digest - Mar 22
- FDA seeks to damp criticism over mobile health app proposalsThe U.S. Food and Drug Administration said its plans for regulating certain healthcare apps used on smartphones and tablets will not impose undue ...March 21, 2013-- Reuters
- U.S. Senate may back symbolic repeal of medical device taxOpponents of a 2.3 percent tax on medical device companies will likely win passage this week in the U.S. Senate of a largely symbolic resolution c ...March 21, 2013-- Reuters
- Ethicon lands FDA nod for cordless Enseal G2 tissue sealerEthicon wins 510(k) clearance for its new cordless Enseal tissue sealer. Johnson & Johnson(NYSE:JNJ) subsidiary Ethicon won 510(k) clearance from ...March 21, 2013-- MassDevice
- MEDICREA Receives FDA Pediatric Clearance for PASS® LP SystemsLYON, France--(Business Wire)-- The MEDICREA group (FR0004178572-ALMED), listed on Alternext by NYSE Euronext Paris, a medical company specialized ...March 21, 2013-- Reuters
- FDA Panel Votes 5-3 on Abbott DeviceA federal advisory committee narrowly said the benefits of Abbott Laboratories' Mitraclip heart device outweighed its risks.March 20, 2013-- WSJ.com: US Business
Thursday, March 21, 2013
GRC News update - Mar 21
After 30 years of
working for the city's two pension funds, attorney Ronald Zajac was indicted
today on charges he was part of a bribery and kickb ...
March 20, 2013 -- Huffington Post
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Bankers in Europe
will have one final bonus season before they are barred from awarding
themselves payouts worth more than their salary, EU lawmak ...
March 20, 2013 -- Reuters
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Speaking at a conference for compliance officers Wednesday, the two corruption hunters said that, by and large, U.S. multinationals seem to have accepted the need for comprehensive anti-corruption controls.
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WSJ reported Tuesday that lawyers from the DOJ and the SEC are examining kickback allegations made by a former Microsoft representative in China, as well as the company’s relationship with certain resellers and consultants in Romania and Italy.
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More than half of the compensation awarded to 51 CEOs last year was tied to their companies' financial or stock-market performance, according to a preliminary review of proxy statements by consulting firm Hay Group and The Wall Street Journal. In most cases, the companies must hit specified targets for the CEO to receive the promised money or equity.
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GRC News Update - Mar 20
The S.E.C. and
Justice Department are investigating accusations involving the company in
China, Italy and Romania, a person briefed on the matter ...
March 19, 2013 -- NYT > Home Page
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_ American Airlines
is defending a plan to pay its departing chief executive a severance payout
of nearly $20 million after the airline completes ...
March 20, 2013 -- Chicago Tribune
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Hewlett-Packard Co.
(HPQ) Shareholder advisers have said that the board failed to properly vet
the acquisition of software maker Autonomy, and are ...
March 20, 2013 -- BusinessWeek
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AP Companies where
there were breaches included large 'blue-chip' concerns,said two senior
executives at Mandiant Corp. The hackers generally woul ...
March 19, 2013 -- Corruption Currents
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U.S. mortgage
finance company Freddie Mac is suing more than a dozen banks for losses from
the alleged manipulation of the benchmark interest rate ...
March 20, 2013 -- Reuters
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Wednesday, March 20, 2013
Drug and Device News and Blog watch Mar18-19
Wanted: FDA App Enforcement
I need help figuring this out. A pretty innovative guy named Myshkin Ingawale of Biosense Technologies, Mumbai, India two weeks ago stood in front of the audience at TED (Technology, Education and Design) in Los Angeles and announced that he was introducing through Apple’s App Store an app that lets you test your urine. It got quite a bit of attention among the blogs with plenty of jokes about having to pee on your iPhone. More>>
New medical technology draws on nature for inspiration
Sea worms, jellyfish, geckos and spiders may seem unlikely muses to cutting-edge technology. But these creatures are helping stimulate medical innovations — including new adhesives, diagnostic tests and needles — that are slowly migrating from the lab to the clinic. More >>
The first-to-file provisions of the American Invents Act (AIA) take effect on March 16, 2013. Medical device companies have much at stake and are taking precautions now to prepare for this significant change in America’s patent system. Under the first-to-file rules, any patent application filed after March 16, 2013 containing even a single claim with a priority date of March 16, 2013 or later will fall under the first-to-file rules. More >>
Facebook graph search: opportunity or crossing the line for pharma
Facebook’s Graph Search is a search engine that traverses the Facebook data, accessible via a box at the top of Facebook. The system allows users to make lengthy natural-language queries in search of Facebook-based information about photos, friends, and other content. For example, you could input “Friends of friends who like trail running” and receive a list of people who meet that description—provided their information is public, and they indicated to Facebook that they “Like” trail running. However marketers could also enter “people who have bipolar disorder” and target ads specifically to them. Is this an opportunity for pharma or is it crossing the privacy line ? More >>
We thought it would only be a matter of time until the Federal Trade Commission (“FTC”) decided to voice its views in a lawsuit filed last September by Actelion Pharmaceuticals Ltd. and Actelion Clinical Research, Inc. (collectively “Actelion”) in the U.S. District Court for the District of New Jersey seeking declaratory relief that Actelion is under no affirmative duty or obligation to supply prospective ANDA applicants with its brand-name drug products TRACLEER (bosentan) Tablets and ZAVESCA (miglustat) Capsules for purposes of bioequivalence testing and ANDA submission. That time has come, and just on the heels of the Counterclaim Plaintiffs’ (Apotex Corp., Roxane Laboratories, Inc., and Actavis Elizabeth LLC) opposition to Actelion’s Motion for Judgment on the Pleadings and to Dismiss Antitrust Counterclaims More >>
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