medical devices

St. Jude Medical to Buy AGA Medical for $1.3 Billion

Medical device company St. Jude Medical (STJ) will buy AGA Medical Holdings Inc (AGAM) for $1.3 billion, or $20.80 per share. AGA Medical makes devices to treat heart problems through transcatheter treatments, St Jude Medical said today in a statement.

FDA Eyes Overhaul of Medical Device Regulation

The Food and Drug Administration is proposing to revamp its regulations of medical devices, the agency said Wednesday. While seeking to improve device safety, the FDA also wants to ease the regulatory environment and foster innovation. But the proposals have the industry concerned.

Health-Care Sector Appears to Rally As Reform Chances Dim

President Obama can't be pleased by the loss of a Democratic Senate seat which jeopardizes passage of his cherished health-care reform. The news, however, appears to have fueled a mini stock rally in the health-care and pharma sectors wary of how any reform would affect their businesses. The uptrend is expected to continue.