Financings In Brief
This article was originally published in The Gray Sheet
Device VC activity increases
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St. Jude Medical’s pacemaker revenue dropped 12 percent year-over-year in the first quarter, but the firm says it has several products in the pipeline that could help it regain pacemaker market share in Europe and Japan.
SEOUL - Samsung Electronics denied a local newspaper report June 2 that it is seeking to buy Israeli medical device maker OrSense Ltd.
Just before its planned debut on the New York Stock Exchange, wound healing device maker Advanced BioHealing Inc. instead agreed to a $750 million buyout offer May 17 from drug maker Shire PLC, which has a history of using acquisitions to jump quickly into new lines of business.