News In Brief
This article was originally published in The Gray Sheet
Executive Summary
Orthofix realigns business units. Globus Medial has to pay DePuy $16 million for patent infringement. More news.
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CMS Should Rethink Latest Lab Cut, Revaluation Proposals, Industry Says
CMS’ plans to cut reimbursement to independent labs by 26 percent next year, largely based on a policy to cap at outpatient rates, and to perform a wholesale review and revision of physician fee schedule laboratory payments in the longer term were met with resistance by ACLA, AdvaMed and other industry stakeholders.
Financings In Brief
Globus Medical goes public. Exact Sciences nets $57.8 million from stock sale for cancer test. Cleveland Heart gets $30 million for artificial heart development. More financings.
News In Brief
J&J completes $19.7 billion Synthes purchase. ReVision Optics’ PresbyLens presbyopia trial update. Mindray gains controlling stake in Dragonbio. More news briefs.