The MassDevice Weekly Checkup: June 1, 2010

Our Weekly Checkup takes the temperature of the medical device industry’s three largest U.S. clusters: Massachusetts, California and Minnesota.

The MassDevice Indices are weighted according to market capitalization, based on the number of shares outstanding for each company and each Friday’s closing share price.

MassDevice index Massachusetts
The Massachusetts index for the week ended May 28 closed at 5.84, up 2.5 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 31.9 percent.

MassDevice index Minnesota
The Minnesota index for the week ended May 28 closed at 3.88, up 31.3 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 5.9 percent.

MassDevice index California
The California index for the week ended May 28 closed at 8.67, down 6.7 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 104.3 percent.

We also create a composite index of the three regional indices and compare it with four other indices (the S&P 500, the Dow Jones Industrial Average, the Dow’s IHI medical devices index and the NASDAQ exchange):

MassDevice index composite

The Weekly Checkup also compares Monday morning’s opening share prices with their value when the markets close Friday afternoon to calculate the biggest gainers and losers.

Here are the 20 firms that posted the biggest share price gains and losses during the week ended May 28:

The 10 biggest gainers:

  1. Intraop Medical Corp.: 91.7% (open $0.12; close $0.23)
  2. Quick-Med Technologies Inc.: 37.5% (open $0.80; close $1.10)
  3. Cambridge Heart Inc.: 23.1% (open $0.26; close $0.32)
  4. Cardiogenesis Corp.: 19.4% (open $0.31; close $0.37)
  5. Thermage Inc. (Solta Medical Inc.): 19.2% (open $2.19; close $2.61)
  6. NxStage Medical Inc.: 16.0% (open $12.06; close $13.99)
  7. Cerus Corp.: 14.9% (open $2.75; close $3.16)
  8. Pressure BioSciences Inc.: 14.2% (open $1.48; close $1.69)
  9. NeuroMetrix Inc.: 14.2% (open $1.13; close $1.29)
  10. Patient Safety Technologies Inc.: 12.3% (open $0.73; close $0.82)

Sources: Google Finance and Yahoo! Finance.

arrow-downAnd the 10 biggest losers:

  1. Edwards Lifesciences Corp.: -48.3% (open $97.76; close $50.53)
  2. Argonaut Technologies Inc.: -33.8% (open $0.02; close $0.01)
  3. Trimedyne Inc.: -17.1% (open $0.35; close $0.29)
  4. Acusphere Inc.: -12.5% (open $0.08; close $0.07)
  5. Biomerica Inc.: -10.2% (open $0.49; close $0.44)
  6. World Heart Inc.: -9.2% (open $2.72; close $2.47)
  7. Interleukin Genetics Inc.: -8.0% (open $0.50; close $0.46)
  8. Oculus Innovative Sciences Inc. (Micromed): -7.4% (open $2.16; close $2.00)
  9. AdvanSource Biomaterials Corp.: -6.3% (open $0.32; close $0.30)
  10. HepaLife Technologies: -5.9% (open $0.17; close $0.16)

Sources: Google Finance and Yahoo! Finance.

Disclaimer:’s rankings do not reflect an opinion of companies’ health, prospects or viability. They are intended to provide a snapshot of publicly traded medical device companies and in no way constitute a recommendation to buy or sell any particular security, portfolio of securities, transaction or investment strategy.

RSS From Medical Design & Outsourcing

  • MIT’s MultiFab presents a stark challenge to incumbent 3D Printer manufacturers’ hardware, software, and business Models
    MIT’s Computational Fabrication Group recently announced the MultiFab, a low-cost 3D printer that can combine up to 10 different resins in one part and also includes a 3D scanning system to identify and fix errors during production. According to Lux Research, these capabilities are rare in commercial 3D printers today due to the manufacturers’ need […]
  • AVX releases Accu-P MP medical grade film chip capacitors for medical devices
    AVX Corporation, a leading manufacturer of passive components and interconnect solutions, has released a new series of thin film chip capacitors specifically designed to meet the demanding performance specifications for implantable medical devices. Delivering extremely tight capacitive tolerances, exceptionally repeatable performance, and remarkably low ESR and high Q at high frequencies—including VHF, UHF, and RF […]
  • RIVANNA commences manufacturing of its Accuro device
    Rivanna Medical announced that it has begun manufacturing its FDA-cleared Accuro device, a handheld and untethered smart-phone-sized device that is designed to guide spinal anesthesia with automated 3D navigation technology in addition to ultrasound imaging of abdominal, musculoskeletal, cardiac and peripheral vascular anatomies. The product will be launched at the ASA annual meeting in San […]
  • FDA seeks public input on Quality Metrics guidance
    by Oliver Wolf, Senior Product Manager, MasterControl In line with the general shift towards risk-driven approaches in the quality management world, FDA is now taking steps towards applying those same principles to its own auditing schedule. At the end of July, the Center for Drug Evaluation and Research (CDER) and the Center for Biologics Evaluation […]
  • First ‘Ear Wear’ for Active Adults Debuts with MDHearingAid FIT
    If you’ve burned out your ears with earbuds, headphones or decades of other audio abuse but aren’t ready for your grandmother’s hearing aids, not to worry! The new MDHearingAid FIT gets you back in the game with a tiny, FDA-registered, one-size-fits-most solution that doesn’t block your ear canal like old-fashioned in-the-ear hearing aids. The FIT feels […]
  • CardioGenics enters into manufacturing agreement with Ontario-based Plasticap
    CardioGenics Holdings, developer for the In-Vitro-Diagnostics (“IVD”) testing market, announced that it has entered into a manufacturing agreement with Plasticap of Ontario, Canada, pursuant to which Plasticap will manufacture CardioGenics’ proprietary self-metering cartridges for its QL Care analyzer. The term of the agreement is three years and the purchase price for each cartridge shall be […]
  • MTD Micro Molding releases micro materials menu
    MTD Micro Molding, a long-time leader in micro-injection molding, has released an updated “Materials Menu” of materials that can be successfully micromolded to help guide engineers at medical device companies. Material selection is a crucial step in product manufacturability. The correct material drives tolerance, dimension, strength, usabality, speed-to-market, design, critical features, and cost. Through MTD’s […]
  • MedTech Chat: Elastic technology for drug delivery
    Dr. Zhen Gu and Dr. Yong Zhu from North Carolina State University are both co-senior authors of a research paper describing their recent work. Dr. Gu, Dr. Zhu and other researchers from North Carolina State University and the University of North Carolina at Chapel Hill have developed a drug delivery technology that consists of an […]
  • B. Braun’s OEM Division offers large bore normally closed low-pressure check valves
    Infusion therapy and pain management device manufacturer B. Braun said today it is offering normally closed large-bore low-pressure check valves through its valve-focused contract manufacturing OEM division. The valves, offered by Bethlehem, Pa.-based B. Braun, are designed for the intermittent injection of fluids during medical treatment and open automatically when pressure is applied. The newly […]
  • Continuous 225W with natural convection for medical type BF power supply
    Powerbox, a European power supply company, introduces new Medline 225 series ac and dc single output open frame converters for medical type BF applications. The new OFM225 with its 3 x 5 in. footprint and 1.5 in. height is designed for a continuous output power of 225W with natural convection and 40°C ambient temperature, increasing to […]
  • Using data science to achieve ultra-low dose CT image reconstruction
    Prof. Jeff Fessler and Prof. Yong Long, Ph.D. of the University of Michigan-Shanghai Jiao Tong University (UM-SJTU) Joint Institute are collaborating on a project to develop a dramatically improved approach to low-dose X-ray CT image formation by extracting and using information from a big-data corpus of regular dose X-Ray Computed Tomography (CT) images. The research is […]

Leave a Reply