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Editorial Results (free)

1. Excise Tax Looms for Local Device Companies -

A new excise tax will be levied on medical devices beginning Jan. 1, and the impact will be significant for medical device companies with a Memphis presence.

Large players like Wright Medical Technology Inc. and fledgling outfits like Arrowhead Medical Device Technologies Inc. are preparing for the 2.3 percent pinch on each device sold in the U.S., including pacemakers and stents, defibrillators, artificial joints, chemotherapy delivery systems, surgical tools and X-ray machines.

2. Arrowhead Strengthens Area Footprint -

Local startup Arrowhead Medical Device Technologies LLC is rapidly growing a presence in the medical device industry thanks to its Arrow-Lok Digital Fusion System, an innovative toe implant device used for the surgical repair of a painful condition commonly referred to as “hammertoe,” or proximal interphalangeal joint flexion deformity.