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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Guidant agrees to report defects
The deal with the Dept. of Health and Human Services is a last step in the medical device maker's June 12 Justice Dept. settlement over the now-discontinued Ancure Endograft. The cardiovascular device has been linked to 28 deaths, 12 of those hidden from authorities. Guidant has pleaded guilty to 10 felony counts and will pay $92.4 mil.
** Guidant still faces 16 civil lawsuits and possible class actions.
** Cyberonics won an EU OK for its vagus nerve stimulator, the VNS 102, a pacemaker-type device used to treat epilepsy and depression. It also got the nod for the 102R Generator. Cyberonics rose 7%.
** Pfizer will divest the Sweden-based diagnostics unit it got from its April buy of ...
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