Joseph Slattery, who most recently served as chief financial officer at Baxano, has been named CFO of SafeStitch Medical. Baxano has tapped Tim Shannon, a former finance executive at Talecris Biotherapeutics, to replace Slattery as its CFO on an interim basis.
Stryker has agreed to pay roughly $1.65 billion to purchase Mako Surgical, maker of robot-aided devices used in orthopedic surgery. The deal would allow Stryker to gain a competitive edge over rival orthopedic-implant manufacturers and could spark a round of acquisitions in the medtech sector, analysts said.
Biosearch Technologies has bought a majority stake in LightSpeed Genomics for an undisclosed fee. LightSpeed is working on the Synthetic Aperture Optics technology, an optical detection device targeted at the diagnostics and life sciences markets.