Hologic hits 52-week high on mammography study | Wall Street Beat

MassDevice.com Wall Street Beat

Hologic (NSDQ:HOLX) shares hit a 52-week high yesterday on news that mammography using 3D technology significantly improved diagnostic accuracy.

HOLX shares reached their highest level since May 2011 yesterday, peaking at $23.22 apiece before closing at $22.36, up 7.0% on the day. Shares were trading at $22.39 as of about 12:50 p.m. today.

The Norwegian study, published in the journal Radiology, reviewed the results of 12,631 mammograms and found a 27% increase in detection rates for mammograms using 3D tomosynthesis technology. False-positive rates fell 15% and 25 additional invasive cancers were detected using the 3D technology, for a 40% boost.

Sign up to get our free newsletters delivered straight to your inbox

"The use of mammography plus tomosynthesis in a screening environment resulted in a significantly higher cancer detection rate and enabled the detection of more invasive cancers," the study’s authors concluded.

"The Oslo trial is the first large-scale prospective study to show the additional cancers found with 3D mammography in combination with 2D mammography were invasive cancers – the very type of cancers we want to detect and treat early. 3D mammography is the best breast screening technology to date in that it finds significantly more invasive cancers while also reducing false positives," Hologic president & CEO Rob Cascella said in prepared remarks.

 Analogic to drop $83 million on Ultrasonix
Analogic (NSDQ:ALOG) agreed to pay $83 million for Canadian ultrasound device maker Ultrasonix Medical Corp., saying it expects the deal to boost earnings per share as soon as 2014.
Read more

 Steris buys out VTS Medical Systems JV partner
Steris (NYSE:STE) said it bought out the remaining interest in its surgical suite monitor joint venture for about $19 million in cash. VTS Medical will be integrated into Steris’s surgical solutions business. 
Read more

 Spectranetics acquires Upstream’s needle & catheter line

Spectranetics (NSDQ:SPNC) said it struck a deal with Upstream Peripheral Technologies and ARAN Research Development & Prototypes to buy the Upstream needle holder, the Upstream support catheter and the Upstream GR guiding balloon catheter for $5.5 million plus $2.5 million in earn-outs and ⅓ of revenues from the product lines in 2014, 2015, and 2016.
Read more

 Natus buys Astro-Med’s Grass Technologies group
Natus Medical (NSDQ:BABY) said it agreed to pay $18.6 million for Astro-Med’s Grass Technologies line of neurodiagnostic and monitoring devices.
Read more

 Analysts’ ups and downs

  • Analogic (NSDQ:ALOG): Benchmark Company reiterates "buy" rating, $87 price target.
  • Boston Scientific (NYSE:BSX): Deutsche Bank maintains “hold” rating, raises price target to $6.70.
  • C.R. Bard (NYSE:BCR): Morgan Stanley downgrades to “underweight” rating, $91 price target.
  • Hologic (NSDQ:HOLX): Leerink Swann maintains "outperform" rating, $25 price target.
  • Medtronic (NYSE:MDT): Wunderlich reiterates "buy" rating, $46 price target.
  • NuVasive Inc. (NSDQ:NUVA): Leerink Swann maintains "market perform" rating, $16 price target.
  • St. Jude Medical (NYSE:STJ): Leerink Swann maintains “outperform” rating, ~$50 price target.
  • Stryker (NYSE:SYK): Leerink Swann maintains "outperform" rating, ~$61 price target.
  • Syneron Medical Ltd. (NSDQ:ELOS): Zacks upgrades from “neutral” to “outperform” rating, $9.70 price target.

RSS From Medical Design & Outsourcing

  • Herrmann Ultrasonics, Inc. announces its 25 Year Anniversary
    In 1990, Thomas Herrmann, the son of Walter Herrmann, who founded Herrmann Ultraschalltechnik GmbH in 1961, established Herrmann Ultrasonics Inc. in the Chicago area. Hermann Ultrasonics, Inc. is proud to recognize a milestone year in observance of their 25th anniversary. Herrmann Ultrasonics has been focused on providing ultrasonic welding technology for various markets such as […]
  • Consumer Health Applications receive the most attention today, but the future is elsewhere
    Wearables for health fall into a wide range of technologies, functions, use cases and over-arching regulatory frameworks that developers and prospective entrants have to understand in order to effectively compete. Using an underlying taxonomy for human health, we establish a health-focused wearables taxonomy around three major categories—applications, use cases, and form factors—the three areas critical […]
  • Paralyzed men move legs with new non-invasive spinal cord stimulation
    Five men with complete motor paralysis were able to voluntarily generate step-like movements thanks to a new strategy that non-invasively delivers electrical stimulation to their spinal cords, according to a new study funded in part by the National Institutes of Health. The strategy, called transcutaneous stimulation, delivers electrical current to the spinal cord by way […]
  • SCHURTER’s new power entry module offers IP 54 protection with V-Lock cord sets
    SCHURTER is pleased to announce, that its power entry module, series 5707, now offers IP 54 protection with V-Lock cord sets at the power input, in addition to IP 65 protection to the equipment. The sealed module is ideal for use in medical equipment exposed to leaks, drips and spills, as well as equipment subject […]
  • GlobTek presents its latest level VI AC/DC adapter and connverter
    T-43086-WWVV-X.X-Q Model is an addition to GlobTek’s Level VI compliant GT-43086 family and represents GlobTek’s 6 Watt wall plug-in series of AC/DC adapters (power supplies and chargers) with International Interchangeable blades. GlobTek’s changeable input blade system with individual field replaceable input plugs, including: North America and Japan NEMA 1-15P, Australian, UK BS 1363, European CEE […]
  • Sanmina’s familiarity with FDA gets skin treatment product to market fast
    The medical market for cosmetic devices is booming. However, quickly launching new products to meet demand is becoming more challenging because device manufactures face increased regulatory scrutiny. To help meet regulatory requirements, aesthetic and other medical-device OEMs are partnering with electronics manufacturing services (EMS) companies that also offer expertise with the FDA filings necessary to […]
  • Fluid connectors and quick disconnects for IVD equipment from CPC
    Colder Products Company (CPC) offers thousands of tubing connectors, quick disconnects and fittings for smart fluid handling in IVD and analytical equipment. Non-spill connectors speed testing throughput by eliminating drips, preventing air inclusion and increasing operator safety. Panel mount connectors can be added to existing equipment or bottle caps to provide secure, leak-free connections. Puncture […]
  • 310 Watt desktop medical power supply meets efficiency level VI requirements
    Power Partners releases a new 310 Watt medical grade desktop power supply from their PEAMD Series of AC and DC adapters. The 310 Watt unit is packed for ideal performance inside a compact case measuring 7.8 x 4 x 2 in. with a weight of only 3 lbs. The PEAMD310 Series is approved to the latest […]
  • Saelig introduces Multiple Instrument System MIS4 universal test system
    Saelig Company has introduced the ABI Electronics’ Multiple Instrument Station MIS4, an all-in-one testing tool that provides all commonly required test instruments in one compact programmable hardware module, mounted in a compact case or installed in a PC-drive bay. Controlled by ABI’s sophisticated SYSTEM 8 Ultimate PC software with a simple yet programmable operator interface, […]
  • AssurX announces document management software update for small to mid-size companies in FDA regulated industries
    AssurX, an enterprise quality management, risk and regulatory compliance solution provider, announces the release of the latest update to their AssurX document management software. The document management solution provides a cost-effective solution for small to medium sized companies faced with streamlined operations and is fully compliant for FDA regulated industries. Ideal solution for small to […]
  • Saelig presents new Amplicon Impact-R 1100F series computer
    Saelig Company announces the Amplicon Impact-R 1100F series, a fanless system powered by the Intel ATOM D2550 processor. Configured with a high performance 2.5 in. MLC Solid State Drive (SSD), the Impact-R 1100F series is a silent controller system. With options for multiple serial communication ports, the Impact-R 1100F can offer up seven DB9 connections […]

Leave a Reply