Align Technology (NSDQ:ALGN) has filed a suit against competitor Strauss Diamond Instruments, a subsidiary of Israel-based Strauss & Co, claiming that Strauss’s MagicSleeve product infringes upon Align’s own iTero Element sleeves, and that the company has engaged in “false and misleading advertising” of the product. The suit was filed in the US District Court for the […]
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Philips board backs reappointment of CEO van Houten, CFO Bhattacharya | Personnel Moves – October 29, 2018
Royal Philips (NYSE:PHG) said today that its board of directors is backing the re-appointment of Frans van Houten as its president and CEO and Abhijit Bhattacharya as chief financial officer and board member. CEO van Houten has been at the head of Philips since 2011, while Bhattacharya joined the company in 2015, Amsterdam-based Philips said. During […]
Align Tech shares tumble despite Q3 EPS beat
Shares in Align Technology (NSDQ:ALGN) have tumbled over 20% today after the orthodontic device maker posted downbeat guidance alongside third quarter earnings that beat The Street. The San Jose, Calif.-based company posted profits of approximately $100.9 million, or $1.24 per share, on sales of approximately $505.3 million for the three months ended September 30, seeing profits […]
Appeals court: Patent board erred in Align Technology decision
A federal appeals court yesterday found that a U.S. patent board erred when it invalidated portions of a patent covering the Align Technology (NSDQ:ALGN) Invisalign orthodontic device. After an inter partes review instigated by longtime rival ClearCorrect, the Patent Trial & Appeals Board found that four claims in the patent were invalid for obviousness. The PTAB ruling […]
3Shape files patent infringement suit against Align Tech
3Shape today announced it filed a patent infringement suit against Align Technology (NSDQ:ALGN) and its ITero intraoral scanner. The suit, filed in the US District Court for the District of Delaware, claims that the ITero scanner infringes on a patent owned by 3Shape, and seeks monetary damages and injunctive relief against further infringement. “3Shape TRIOS has […]
Align Tech shares rise on Street-beating Q1, iTero CFDA win, product launches
Shares in Align Technology (NSDQ:ALGN) rose today after the dental-focused device maker posted Street-beating Q1 earnings alongside a number of other updates, including a clearance from China’s FDA, an update on a legal spat with SmileDirectClub and multiple product launches. The San Jose, Calif.-based company posted profits of $95.9 million, or $1.17 per share, on sales of […]
Align Tech logs a win in continued patent spat with ClearCorrect
Align Technology (NSDQ:ALGN) said it racked up another win in a continuing patent spat with competitive transparent orthodontic corrective device maker ClearCorrect. The San Jose, Calif.-based company said that a three-judge panel of the Patent Trial and Appeal Board refused to initiate an inter partes review sought by its competitor ClearCorrect looking to challenge the patentability of […]
Siemens Healthineers taps ex-Abbott Vascular prez Nath to lead lab diag biz | Personnel Moves January 30, 2018
Siemens (NYSE:SI) Healthineers said today it tapped former Abbott (NYSE:ABT) Vascular president Dr. Deepak Nath as its new laboratory diagnostics business president, taking over for Franz Walt who operated as president from 2014 to 2017. Nath spent 10 years with Abbott, serving most recently as its vascular division president and as an executive officer of the company, and […]
Medical device companies: These 15 performed the best in 2017
Updated Jan. 5, 2018 Among the most successful medical device companies of 2017, there were two themes: innovation and breadth of services. That was the major takeaway of an MDO analysis of the stock performance of the 100 largest publicly traded medtech companies in the world. What does innovation mean? Think Align Technology (Nasdaq:ALGN) and […]
Align Tech shares ranked 2nd on S&P 500 for 2017, sees shares grow 131%
Clear orthodontic correction device maker Align Technology (NSDQ:ALGN) saw its shares rise 131% last year, making it second on the S&P 500 rankings for the full-year 2017, according to a Seeking Alpha report. The company was only slightly behind the front-runner, power company NRG, who saw shares grow 132.3% over the year, according to the report. […]
Align Tech nixes interoperability deal with, announces ITC patent investigation against 3Shape
Align Technology (NSDQ:ALGN) said yesterday that the US International Trade Commission voted to engage in two investigations of alleged patent infringement from orthodontic medical device firm 3Shape. The San Jose, Calif.-based Invisalign maker said that in the complaints, it asserts that 3Shape violated US trade laws by “selling for importation and importing its infringing Trios intraoral scanners, […]