Medical Device Industry News

Visage Imaging names new North American sales GM

February 9, 2010 by MassDevice staff

Visage Imaging Inc. names John Danahy to lead its North American sales and services operation.

Visage Imaging Inc. named John Danahy as its general manager for North American sales and service.

Danahy's resumé includes stints at Medsphere, where he was vice president of sales, and McKesson/ALI.

Visage Imaging, a subsidiary of Pro Medicus Ltd. (ASX:PME), provides imaging data management tools to hospitals and imaging centers.

SeraCare swings to Q1 profits

February 9, 2010 by MassDevice staff

First-quarter sales for SeraCare Life Sciences rise 21 percent as it swings to Q1 profits of $1.3 million.

SeraCare Life Sciences Inc. (NSDQ:SRLS) posted strong first-quarter sales and earnings results, swinging back into the black after posting quarterly losses last year.

The Milford, Mass.-based life sciences service provider posted sales of $11.3 million for the three months ended Dec. 31, 2009, up 21.4 percent compared with $9.3 million during the same period in fiscal 2009. SeraCare reported net income of $1.3 million, or 7 cents per share, for the quarter, compared with net losses of $16.9 million, or 91 cents per share, during Q1 2009.

Cynosure wins patent case, posts wider Q4 sales decline and net losses

February 9, 2010 by MassDevice staff

Cynosure Inc. wins a patent infringement lawsuit against CoolTouch Inc. but fourth-quarter sales slide 25 percent and net losses widen 482 percent.

Cynosure Inc. (NSDQ:CYNO) announced mixed news today, saying it won a patent infringement lawsuit against a competitor but posting a 25 percent fourth-quarter sales slide and soaring net losses.

The Westford, Mass.-based cosmetic device maker reported fourth-quarter sales of $1.7 million for the three months ended Dec. 31, 2009, down 11.3 percent compared to $1.9 million during the same period in 2008. Fourth-quarter net losses widened 481.5 percent to $14.5 million, or $1.14 per diluted share, compared with $2.5 million, or 20 cents per diluted share, during Q4 2008.

Allied Healthcare swings to Q2 profits

February 9, 2010 by MassDevice staff

Allied Healthcare Products posted second-quarter profits despite a Q2 sales slide of 9 percent.

Allied Healthcare Products (NSDQ:AHPI) posted second-quarter sales of $11.4 million for the three months ended Dec. 31, 2009, down 8.9 percent compared with $12.5 million during the same period in fiscal 2009. Allied Healthcare swung to net income of $21,600 during the quarter, compared with a net loss of $436,100 during Q2 2009:

Press Release

Allied Healthcare Products Returns to Profitability By Offsetting Depressed Sales with Cost Reductions

Church & Dwight's Q4 sales rise 4 percent, net income jumps 19 percent

February 9, 2010 by MassDevice staff

Church & Dwight Co. Inc. posts fourth-quarter sales of $671 million and Q4 net income of $53 million.

Church & Dwight Co. Inc. (NYSE:CHD) posted fourth-quarter sales of $670.8 million for the three months ended Dec. 31, 2009, up 4 percent compared with $644.9 million during the same period in 2008. Net income rose 19.3 percent to $52.8 million, compared with $44.2 million during Q4 2008:

Press Release

Church & Dwight Reports 2009 Earnings Per Share of $3.41

Fourth Quarter Sales and EPS Exceed Expectations

PPD Inc.'s Q4 sales and earnings slide

February 9, 2010 by MassDevice staff

Contract research organization PPD Inc. sees fourth-quarter sales slide 2 percent and Q4 net income plunge 60 percent.

PPD Inc. (NSDQ:PPDI) posted fourth-quarter sales of $357.4 million for the three months ended Dec. 31, 2009, down 1.6 percent compared with $363.1 million during the same period last year. Net income fell 59.8 percent to $19 million, compared with $47.2 million during Q4 2008:

Press Release

PPD Reports Fourth Quarter and Full Year 2009 Financial Results

Highlights:

UPDATE: Hamburg, Sebelius say reforms of FDA, healthcare system are coming

February 8, 2010 by Erica Harbatkin

Regulatory science must evolve along with advances in the life sciences, according to Food & Drug Administration commissioner Margaret Hamburg, while Health & Human Services secretary Kathleen Sebelius says healthcare reform is not dead yet.

WASHINGTON — As the medical device and pharmaceutical industries develop and hone new technologies, the process for regulating those technologies and products needs to keep pace, Food & Drug Administration commissioner Margaret Hamburg said earlier today at the National Health Policy Conference here.

"Just as biomedical and life sciences research has evolved in the past decade, regulatory science ... must also evolve," Hamburg said.

Speaking before a crowd of about 200 people who braved the approximately two-and-a-half feet of snow that blanketed the Washington region over the weekend, Hamburg said the FDA needs to streamline regulatory procedures, which have not kept pace with innovations throughout the life sciences industry.

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Medical Device Industry News

Visage Imaging names new North American sales GM

February 9, 2010 by MassDevice staff

SeraCare swings to Q1 profits

February 9, 2010 by MassDevice staff

Cynosure wins patent case, posts wider Q4 sales decline and net losses

February 9, 2010 by MassDevice staff

Allied Healthcare swings to Q2 profits

February 9, 2010 by MassDevice staff

Press Release

Allied Healthcare Products Returns to Profitability By Offsetting Depressed Sales with Cost Reductions

Church & Dwight's Q4 sales rise 4 percent, net income jumps 19 percent

February 9, 2010 by MassDevice staff

Press Release

Church & Dwight Reports 2009 Earnings Per Share of $3.41

PPD Inc.'s Q4 sales and earnings slide

February 9, 2010 by MassDevice staff

Press Release

PPD Reports Fourth Quarter and Full Year 2009 Financial Results

UPDATE: Hamburg, Sebelius say reforms of FDA, healthcare system are coming

February 8, 2010 by Erica Harbatkin

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