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SpineVision takes new COO from Wright Medical | Personnel Moves

July 12, 2013 by Sony Salzman

New SpineVision COO Ken Yamada joins the company's U.S. operations after 2 years at Wright Medical Technology.

fired/hired

SpineVision pulled in former Wright Medical (NSDQ:WMGI) executive Ken Yamada as its new chief of operations for its U.S. subsidiary.

The new COO worked at at Wright for 2 years as the VP of international operations and has 17 years experience at medical companies.

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Iridex receives CE Mark and FDA nod for its laser delivery system

December 10, 2012 by MassDevice staff

Iridex touts FDA and CE clearance for its TxCell scanning laser delivery system, a non-invasive device designed to treat serious retinal diseases.

Iridex logo

Mountain View, Calif.-based Iridex (NSDQ:IRIX) is celebrating twin regulatory wins for its laser system to treat serious retinal diseases.

The company said it landed FDA clearance in the U.S. and the CE Mark in the EU for its TxCell scanning laser delivery system, which would help physicians deliver the laser in a multi-spot scanning mode for the treatment of serious retinal diseases, according to a press release.

Iridex shuffles C-suite, names new interim CEO and COO | Personnel Moves

September 3, 2012 by MassDevice staff

Iridex announces the sudden departure of president & CEO Dominik Beck, the appointment of interim president, chairman & CEO William Moore, and the selection of James Mackaness as COO.

fired/hired

 Iridex shuffles its executive deck

Elekta's Q3 sales spike, earnings soar | Earnings Roundup

March 6, 2012 by MassDevice staff

Elekta's Q3 sales spike, earnings soar; Essilor's 2011 sales, earnings rise; DGT's sales rise, profits soar on divestiture; Q4, 2011 sales slump, losses widen for Stereotaxis; Sales, earning slide for Iridex in Q4; Losses soar for Imris in 2011; CasMed's sales slide, losses widen for Q4, 2011; and Oridion's 2011 sales rise, profits slide.

MassDevice.com Earnings Roundup

 Elekta's Q3 sales spike, earnings soar

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Ortho market growth stable but low | Wall Street Beat

February 15, 2012 by MassDevice staff

Growth rates for the hip and knee implant market are stable but in the low-single-digit range, according to analysts who attended the American Academy of Orthopedic Surgeons last week; also, Baxter, Hill-Rom close buyouts; BioStart closes down; Medisafe 1 to launch share buyback; Solos Endoscopy retires 150m shares; Daxor backtracks, will register as investment company; and analysts' ups and downs, a deals roundup and a funding roundup.

MassDevice.com Wall Street Beat

The market for hip and knee implants is stable but mired in a low-growth stage, according to analysts who attended the American Academy of Orthopedic Surgeons conference in San Francisco last week.

Although the abrupt departure of Stryker CEO Steve MacMillan drew the lion's share of attention at the AAOS event, analysts from Barclays Capital and Leerink Swann agreed that the sector's outlook calls for low-single-digit growth.

Cutera to buy Iridex arm for $5M

January 3, 2012 by MassDevice staff

Cutera Inc. will pony up $5.1 million for Iridex Corp.'s global aesthetic business arm.

Cutera Inc. (NSDQ:CUTR) entered into a binding agreement with Mountain View, Calif.-based Iridex (NSDQ:IRIX) to purchase parts of its global aesthetic business arm for $5.1 million.

The deal is expected to advance Cutera's place in the $1 billion global aesthetic business market, expanding the company's presence in the vascular aesthetic sector while allowing Iridex room to focus on laser eye treatments.

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Smith & Nephew falls on softer orthopedic margins | Earnings Roundup

November 4, 2011 by MassDevice staff

Smith & Nephew's third-quarter profits slip on declining profit margins for its orthopedic division, sending shares down nearly 3 percent on Wall Street today.

Smith & Nephew

Lower margins for Smith & Nephew's (NYSE:SNN) bread-and-butter orthopedics division drove the British company's third-quarter profits down nearly 3 percent for the three months ended Oct. 1.

Smith & Nephew posted profits of $133 million, or 14.9 cents per share, on sales of $1.03 billion for the quarter – a top-line increase of 9.7 percent when compared with the $941 million in revenues reported for the same period last year. But Q3 2010 profits were $137 million, or 15.4 cents per share.

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