House passes bill to repeal, refund medical device tax

On September 19th, the House voted 253-163 to approve the “Jobs for America Act,” a package of bills that had already individually passed the lower chamber. The package includes a measure that would roll back the 2.3% excise tax on U.S. sales of medical devices and issue a retroactive refund to companies for payments made on the tax since it went into effect last year. The U.S. House of Representatives voted to repeal and refund the medical device tax and promptly went into recess until after the mid-term elections in November.

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Why are so many companies failing to pay the device tax?

The 2.3% medical device excise tax raised $913 million in the first half of 2013, or about 75% of what was expected. A look at the number of filers reveals a large part of the problem. Out of an anticipation as high as 15,000 filers, only 5,107 medical device tax forms were filed.

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AAA Acquires GE’s FDG-PET Sector in Italy

Advanced Accelerator Applications (AAA) announced today that it has acquired GE Healthcare’s FDG-PET radiopharmaceutical division in Italy.

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IBA and Philips Join Forces

The world’s leading provider of proton therapy and radiopharmacy solutions, and Royal Philips announced the signing of a global collaboration to provide advanced diagnostic and therapeutic solutions for the treatment of cancer. The collaboration covers sales, marketing, research and development (R&D) of imaging and therapy solutions in oncology. By merging their respective expertise in therapy and image guidance systems, IBA and Philips will innovate with an integrated vision for more efficient, personalized cancer care. Leveraging high quality imaging and proton therapy offers the potential to increase confidence in the diagnosis and treatment of cancer, reduce short- and long-term side-effects and potentially enhance the quality of life of the patient before, during and after treatment, while reducing the cost of treatment for the healthcare system.

Read about it here.

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