/Covidien revamps revenue reporting, warns foreign exchange rates will hurt; J&J/DePuy rolls out new elbow prosthesis system;
NEWS

Covidien revamps revenue reporting, warns foreign exchange rates will hurt; J&J/DePuy rolls out new elbow prosthesis system;

FierceBiotech
2013/12/16

@FierceMedDev: Mindray climbs back from damage done on Twitter. Article | Follow @FierceMedDev

@MarkHFierce: Solta Medical, an aesthetic med device maker with sagging sales, will sell itself for $250M. Reorganization wasn't enough. Story | Follow @MarkHFierce

@MichaelGFierce: To deliver drugs, German engineers took a cue from some of the best swimmers in nature: sperm cells. More from FierceDrugDelivery | Follow @MichaelGFierce

@GalenMoore: Here's what 21 tweets can do to your reputation: Mindray climbs back from damage done on Twitter. More | Follow @GalenMoore

Covidien ($COV) is revamping how it reports revenue from its various business segments, and the company also warns that foreign exchange rates could negatively affect its fiscal 2014 guidance. Item

Johnson & Johnson's ($JNJ) DePuy Synthes division is launching a new prosthesis system in the U.S. for joint replacement in the elbow. Item

A long-time executive credited with building Varian Medical Systems' ($VAR) X-Ray Products division is retiring this February. Item

Corgenix said it has made its 510(k) submission with the FDA for its TxBCardio urine test. Item

InVivo Therapeutics has brought in a veteran Biomet executive as its interim chief financial officer. Item

Biotech News

@FierceBiotech: Genzyme's Lemtrada has been approved in Canada for treatment of multiple sclerosis. Release | Follow @FierceBiotech

@JohnCFierce: Why is it a CEO can't be fired or quit? Amarin's Joe Z "retires." joins a long list of biotech retirees who either jumped or were pushed. More | Follow @JohnCFierce

@DamianFierce: Genentech wrote a solid guide to some of the methodology used in the much-discussed I-SPY 2 studies. More from Genetech | Follow @DamianFierce

@EmilyMFierce: Booster of red blood cells synthesized for first time. Story via SciAm | Follow @EmilyMFierce

Cubist bounces along with more promising PhIII antibiotic results. News

AcelRx spikes on $250M deal for late-stage pain drug/device Zalviso. More

CEO of troubled Amarin heads for the exit as FDA readies Vascepa decision. Article

Agenus mounts a comeback on positive results for its brain cancer vaccine. Story

Pharma News

@FiercePharma: Endo to Acquire Specialty Pharmaceutical Company NuPathe. Release | Follow @FiercePharma

@EricPFierce: Bloomberg says drugmakers make catch a break on in Germany, price cuts and rebates may fall next year. More | Follow @EricPFierce

@CarlyHFierce: Sanofi signs on to sell Vivus ED drug in emerging markets. Friday's story | Follow @CarlyHFierce

China rounds up counterfeiters as the FDA boosts its oversight there. More

GlaxoSmithKline bets another $1B on India with stake-raising buyout offer. News

More new drugs, yes. Lots more sales? Not always, thanks to skeptical payers. Story

CRO News

Oxygen Bio taps Duke's in-house CRO to run Phase III for its cardio drug. Story

Quotient Clinical is the latest CRO snapped up by private equity. Report

Belgian CRO Genae reaches into Switzerland for medical device work. News

Bayer teams up with Texas' MD Anderson for cancer clinical trials. More

Charles River shakes up its leadership to cut costs and boost sales. Article

CROS NT names a new CEO amid its global push. Item

Biotech IT News

Twitter-driven stock furor prompts exchange to fine Medivir. More

Court fines Boehringer $1M for 'gross inadequacy' of record keeping. News

Merck turns to gamification to help Type 2 diabetics. Article

Accelrys inks $50M Qumas takeover to continue deal-driven expansion. Report

BGI is building a huge genome database to drive drug discovery. Story

NIH names its first associate director of data science. Item

Summary

@FierceMedDev: Mindray climbs back from damage done on Twitter. Article | Follow @FierceMedDev @MarkHFierce: Solta Medical, an aesthetic med device maker with sagging sales, will sell itself for...