More than four-fifths of the 100 largest medical device companies in the world saw their stock prices increase during the first three months of 2017, according to a Medical Design & Outsourcing analysis of how the stocks of our Big 100 companies are faring. The situation suggests that even with the uncertainty around what the […]
CryoLife
Siemens US CEO Spiegel to step down, Marks & Davis step up | Personnel Moves November 30, 2016
Siemens (NYSE:SI) said today that its U.S. CEO Eric Spiegel is retiring at the end of the year, with Lisa Davis slated to take the role of chair & CEO of the US-based Siemens Corporation, while Judith Marks will act as Siemens CEO U.S. Both changes are slated to go into effect January 1, 2017, according […]
CryoLife reports Q2 earnings, turns from loss to profit
CryoLife Inc. (NYSE:CRY) today saw shares sharply rise after releasing 2nd quarter results, seeing profits where there were losses in 2015. The company reported profits of $2.3 million, or 7¢ per share, on sales of $47.1 million for the 3 months ended June 30. The $2.3 million profit is a huge turnaround from Atlanta, Ga.-based Cryolife, […]
CryoLife buys Genesee BioMed’s PhotoFix pericardium patch
CryoLife Inc. (NYSE:CRY) said today it exercised its right to acquire Genesee BioMedical’s PhotoFix bovine pericardium patch for $2.3 million in cash. Atlanta, Ga.-based Cryolife said it had the option to purchase the patches after acquiring the distribution rights and a purchase option for PhotoFix in August 2014. “PhotoFix is a highly differentiated product that complements […]
CryoLife deals Hero graft to Merit Medical for $19m
CryoLife Inc. (NYSE:CRY) said today that it dealt its Hero hemodialysis access graft to Merit Medical (NSDQ:MMSI) for $18.5 million in cash. The Hero graft put up $7.5 million in sales for CryoLife last year, the Atlanta-based company said. The deal calls for CryoLife to continue manufacturing the device for up to 6 months, when Salt Lake […]
CryoLife closes $130m On-X Technologies buyout
CryoLife Inc. (NYSE:CRY) said yesterday that it closed its play for the mechanical heart valve space, the $130 million acquisition of On-X Life Technologies. On-X makes an aortic valve replacement and is developing a mitral chord repair device called Chord-X. The Austin, Texas-based company put up sales of about $33 million last year. The deal called for […]
CryoLife in $130m deal to enter valve market with On-X Life Technologies buy
CryoLife Inc. (NYSE:CRY) made a big play yesterday for the mechanical heart valve space with a $130 million deal to buy On-X Life Technologies. On-X makes an aortic valve replacement and is developing a mitral chord repair device called Chord-X. The Austin, Texas-based company put up sales of about $33 million last year, CryoLife said. The deal calls […]
Philips Healthcare’s India chief takes over new emerging markets biz | Personnel Moves
Royal Philips (NYSE:PHG) has promoted its India managing director and CEO Krishna Kumar to a position managing its emerging healthcare business division, according to The Times of India. Kumar is slated to continue as managing director of Philips India division until December, at which point he will lead the development of consumer and profesisonal healthcare […]
CryoLife BioGlue wins expanded indication in Japan
CryoLife Inc. (NYSE:CRY) said yesterday that it won expanded indications from the Japanese Pharmaceuticals and Medical Device Agency for its BioGlue surgical adhesive. The glue is now indicated for use in adhesion and support of hemostasis for aortotomy closure sites, suture and anastomosis sites (including aortic dissection and prosthetic grafts) and heart suture sites, the […]
CryoLife goes direct in France
CryoLife Inc. (NYSE:CRY) said Monday that it is transitioning to direct sales in France, effective October 1. Last year, the Atlanta, Ga-based company said it made approximately $3 million in revenue from sales to its French distributor. “We are working closely with our distributor to ensure a smooth transition as we end the distribution agreement […]