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Northstar Neuroscience, whose technology for treating stroke patients failed a clinical trial last January, said Monday it plans to lay off most of its remaining employees and seek shareholder permission to liquidate the company.

KANDAHAR AIRFIELD, Afghanistan - The Canadian Forces has charged a military officer serving in Afghanistan with one count of second-degree murder in the death of a suspected Taliban insurgent.

Boston Scientific Corp., once a key growth engine in the suburbs west of Boston, is shrinking its footprint.

WASHINGTON (AP) -- Health care stocks are typically seen as a hedge against financial downturns, but medical device shares declined steeply in 2008 as broader economic worries exacerbated declines linked to product safety concerns. With the curre...

BOSTON (AP) -- The Massachusetts attorney general's office says Pennsylvania drug maker Cephalon Inc. has agreed to a nearly $4.7 million payment to settle allegations of off-label marketing of three pharmaceutical products. Under the terms of the se...

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Covidien Ltd., which is largely operated out of Mansfield, MA, but formally headquartered in Bermuda, said it wants to move its incorporation to Ireland next year. This move is part of a reorganization that will create a newly formed Irish compa...

Medical device maker Medtronic Inc., which is based in Minneapolis, MN, has purchased a line of surgical products used to treat sleep apnea from InfluENT Medical.

St. Jude Medical has global expansion on the brain. The medical device maker bought two smaller companies in as many days as it welcomes the global financial crisis.

MINNEAPOLIS—Medical device maker Medtronic Inc. said Wednesday it bought a line of surgical products used to treat sleep apnea for an undisclosed amount.

Medtronic Inc. Wednesday said it bought a product line that treats obstructive sleep apnea. Fridley-based Metronic (NYSE: MDT) bought the Repose GAHM product line from Concord, N.H.-based InfluENT Medical. Terms of the deal were not disclosed.

Medtronic is expanding its arsenal of medical device to treat sleep disorders.

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Covidien Ltd., which is operated out of Mansfield but formally chartered in Bermuda, said yesterday its board voted to move its incorporation to Ireland next year.

E-commerce platform company Demandware names a new chief financial officer Demandware Inc., a provider of an on-demand e-commerce technology platform, has appointed technology and finance veteran Scott Dussaul...

Israeli start-up has been bought for $300 million cash by medical technology and services giant St. Jude Medical (NYSE: STJ).

Simon is the vice president and general manager of the Design and Synthesis Division at Mentor Graphics and the speaker quoted in Mark LaPedus article. He thinks he was misunderstood, and wanted to make clear what his position about this subject is. ...

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ATS Medical Inc. said Tuesday it closed on $20 million in equity financing with Palo Alto-based Essex Woodlands Health Ventures.

St. Jude Medical Inc. is closing out the year with acquisitions of two international medical-technology companies for a total of $533 million.St. Jude paid $250 million for Radi Medical AB of Sweden and agreed to pay $283 million in installments plus...