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UPDATE: Stryker Corporation Announced Tender Offer For All Outstanding Shares Of Common Stock Of Orthovita For $3.85 Per Share
Friday, May 27, 2011 - 7:06am | 108Stryker Corporation (NYSE: SYK) and Orthovita, (NASDAQ: VITA) announced today that Stryker's indirect wholly owned subsidiary, Owl Acquisition Corporation, has commenced the previously announced tender offer for all outstanding shares of common stock of Orthovita for $3.85 per share, net to the...
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Jefferies Provides Color on Volcano Corporation, Hold
Friday, May 27, 2011 - 6:44am | 157Jefferies provided color on Volcano Corporation (NASDAQ: VOLC) in a research report published today. Jefferies commented on the new lawsuit by St. Jude Medical (NYSE: STJ). In the report, Jefferies states, "STJ filed another lawsuit against VOLC in their ongoing OCT litigation. STJ now alleges...
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Fast Money Picks For May 27th (MOS, IBM, FLS, MAKO)
Thursday, May 26, 2011 - 7:35pm | 173CNBC Fast Money's Tim Seymour said on the show that Mosaic Co. (NYSE: MOS) is a buy. Mosaic (MOS) gained 1.72% today, and it closed at $69.15. Joe Terranova likes International Business Machines Corp. (NYSE: IBM), and he thinks that investors should watch closely this stock. International Business...
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Statement From Volcano Corporation on Latest St. Jude Lawsuit
Thursday, May 26, 2011 - 4:11pm | 129Volcano Corporation (NASDAQ: VOLC) today issued the following statement: Earlier this year, the Massachusetts Superior Court rejected claims by LightLab Imaging, a wholly-owned subsidiary of St. Jude Medical, that Volcano Corporation and its wholly-owned subsidiary, Axsun Technologies,...
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Statement From Volcano Corporation on Latest St. Jude Lawsuit
Thursday, May 26, 2011 - 4:07pm | 138Volcano Corporation (NASDAQ: VOLC) today issued the following statement: Earlier this year, the Massachusetts Superior Court rejected claims by LightLab Imaging, a wholly-owned subsidiary of St. Jude Medical (NYSE: STJ), that Volcano Corporation and its wholly-owned subsidiary, Axsun Technologies...
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Kensey Nash Announces New Unsecured Revolving Credit Facility
Thursday, May 26, 2011 - 2:14pm | 86Kensey Nash Corporation (Nasdaq: KNSY) announced today that it has entered into a new $35 million unsecured revolving credit facility with Wells Fargo Bank, National Association. The new credit facility has a term of three years, maturing on May 25, 2014, with the option to extend it up to two...
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Calls Purchased on Stryker Corporation
Thursday, May 26, 2011 - 10:24am | 133Shares of Stryker Corporation (NYSE: SYK) are lower on the session by 0.67%, currently trading at $67.87. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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NASDAQ Stocks Hitting 52-Week Highs
Thursday, May 26, 2011 - 10:09am | 146Cubist Pharmaceuticals Inc (NASDAQ: CBST) shares gained 5.33% to create a new 52-week high of $38.72. CBST's trailing-twelve-month operating margin is 31.02%. HealthStream Inc (NASDAQ: HSTM) shares jumped 4.18% to create a new 52-week high of $13.20. HSTM shares have surged 176.64% over the past...
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BSD Medical Signs Agreement with Appleton Medical Services
Thursday, May 26, 2011 - 9:03am | 132BSD Medical Corporation (NASDAQ: BSDM) announced today that the Company has signed an agreement with Appleton Medical Services, for the sales and distribution of the MicroThermX Microwave Ablation line of products. Appleton is a leading seller of state-of-the-art, minimally invasive, surgical...
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Piper Jaffray Highlights DXCM's Early Continuous Glucose Management Data
Thursday, May 26, 2011 - 8:17am | 150Piper Jaffray is maintaining its Overweight rating and its $20 price target on DexCom Inc. (NASDAQ: DXCM) following the company's early positive results in its CGM data. According to Piper Jaffray, “We are beginning to see early signs of positive clinical data on use of continuous glucose...
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Piper Jaffray Reports On Stability Of BAX
Thursday, May 26, 2011 - 7:47am | 149Piper Jaffray is maintaining its Overweight rating and its $63 price target on Baxter International (NYSE: BAX) in light of of the company's recent and continued stability. Says Piper Jaffray, in its report, “Adjusted "apples-to-apples" US IVIG distributions rose again in April, up 14.7% vs. the...
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SonoSite Presents New Emerging Evidence on Cost and Safety Benefits from Bedside Ultrasound Use
Thursday, May 26, 2011 - 7:33am | 146SonoSite (NASDAQ: SONO) today announced that Diku Mandavia, MD, SonoSite's Chief Medical Officer, will present two new research studies that define the economic value of point-of-care visualization in reducing medical errors, complications and costs in patients who underwent a paracentesis or...
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Goldman Sachs Raises PT on MAKO Surgical from $36 to $40
Thursday, May 26, 2011 - 6:48am | 24Goldman Sachs is raising its PT on shares of MAKO Surgical Corp. (NASDAQ: MAKO) from $36 to $40.
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Oppenheimer Maintains Outperform on Medtronic
Wednesday, May 25, 2011 - 9:34am | 120Oppenheimer is out with its report today on Medtronic (NYSE: MDT), maintaining Outperform. In a note to clients, Oppenheimer writes, "We focus on MDT's near- and long-term pipeline, cost savings programs and strong FCF (over 40-50% being returned to shareholders in the form of dividends and stock...
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Wedbush Reiterates Neutral and PT of $36 on Medtronic
Wednesday, May 25, 2011 - 8:37am | 105Wedbush reiterated its Neutral rating and PT of $36 on Medtronic (NYSE: MDT). In a research report published today, Wedbush states, "We are maintaining our NEUTRAL rating and $36 price target. Our price target represents a multiple of 10x our FY2012 EPS estimate, which is in line with the large-...