Medical Devices Stocks and SmartMoney's The Next Wave Of Moneymakers

This is from SmartMoney Magazine this month. It highlights the Medical Device Industry, which many investors tend to forget about, but there is a huge market for medical devices in the coming years. Although, with Obama's Healthcare Plan starting 2013 there will be an 2.3% increased tax on Medical Devices, I don't see it affecting these companies bottom lines as much as people think. You can read more about the tax at MassDevice.com's article, Device makers react to healthcare reform bill's excise tax. My main concern will be the FDA's tightening of 510K approvals in the near future.

There are a few others out there I would like to mention. Here is my list of Medical Device Companies on the rise. (In no particular order)

1. BSD Medical (BSDM)-- Huge gains as of late
2. Trinity Biotech (TRIB)--One of my favorites
3. MedQuist (MEDQ)--actually a Medical Coder
4. St Jude Medical (STJ)
5. NxState Medical (NXTM)
6. Derma Sciences (DSCI)
7. Varian Medical Systems (VAR)
8. iCAD, Inc. (ICAD)
9. Alcon (ACL)
10. STAAR Surgical (STAA)
11. Becton, Dickinson (BDX)

The Next Wave of Medical Moneymakers

Revolutions Medical Safety IV and Syringe

Revolutions Medical RMCP 0.690 +0.191 acheives 38% gain

Revolutions Medical is a safety medical device and software application company. Its products include the RevVac safety syringe (FDA approved), safety blood drawing device and safety IV catheter. The Company also provides RevColor, RevDisplay and Rev3D -- software solutions and proprietary tools that are compatible with standard MRIs and standard PACS. The software suite's functionality includes sorting of images, color, 3D and automatic segmentation of images.

For additional information, please visit Revolutions Medical corporate website: http://www.revolutionsmedical.com/.

Fact Sheet:

http://content.stockpr.com/rmcp/files/RMCP+-+Fact+Sheet+02-26-10.pdf

News Today:

BSD Medical receives FDA clearance for MTX-180

Image via CrunchBase SALT LAKE CITY, Aug 18, 2010 (BUSINESS WIRE) -- BSD Medical Corporation /quotes/comstock/15*!bsdm/quotes/nls/bsdm (BSDM 1.82, +0.69, +61.06%) (Company or BSD) today announced that the U.S. Food and Drug Administration (FDA) has granted the Company a 510(k) clearance to market its MicroThermX Microwave Ablation System (MTX-180) for ablation of soft tissue. Clearance from the FDA of BSD's 510(k) Premarket Notification submission authorizes the commercial sale of the MTX-180 in the United States. The MTX-180 was designed to provide a higher power, optimized system targeted to the growing therapeutic interventional and surgical oncology market.

BioPharma List for Wednesday August 11th

Stocks that I will be following for the near future. Yesterday's market was down heavy due to the FED's recommendation but we will see how the market recovers Wednesday. The FED acknowledged the economy needs help and was cashing in mortgage securities into long-term treasury notes.

Here are stocks I am currently following for Wednesday and interested by near future events.

1. BSD Medical BSDM

Three Extreme FDA Medical Device / Diagnostic Trades
by: Mike Havrilla June 03, 2010