GE (NYSE: GE) has filed a Form 10 registration statement with the SEC as aims toward completing a GE HealthCare spinoff in early 2023. With $17.6 billion in annual revenue and 51,000 employees, GE HealthCare will remain a major medtech business. (Check out our recent Medtech Big 100 report on the world’s largest medical device […]
General Electric
GE Healthcare to keep its name after spinoff — but with tweaks
GE (NYSE:GE) announced today that GE Healthcare will keep its name after it spins off from its parent company early next year. Though, new branding capitalizes the “C” in “healthcare” (i.e. GE HealthCare) — a move the company says better demonstrates the healthcare business’s focus on supporting both better health and better care and the […]
Johnson & Johnson to spin off consumer segment
Recently, General Electric (NYSE:GE), Zimmer Biomet (NYSE: ZBH) and Toshiba (TYO:6502) announced their plans to slim down by spinning out core businesses. Now, Johnson & Johnson (NYSE:JNJ) is following a similar approach by making its consumer health business a standalone company. J&J will retain its pharmaceutical and medical device segments. The company said in an […]
GE beats The Street as healthcare segment thrives in Q2
GE (NYSE:GE) shares ticked up today on second-quarter results that beat the consensus forecast. The Boston-based company’s healthcare segment posted profits of $801 million, registering a bottom-line gain of 58.3% year-over-year on sales of $4.5 billion — a 14% increase on revenues from the previous year. GE’s overall sales totaled $18.3 billion for the three […]
GE stock up on better-than-expected Q3 results
Shares of General Electric (NYSE:GE) shot up today after the multinational industrial company reported adjusted Q3 profits that beat The Street, where analysts predicted a loss. Boston-based GE reported earnings of –$1.195 billion, or –13¢ per share, on sales of $19.417 billion for the three months ended Sept. 30, 2020. The company saw even wider losses […]
DTW: Philips’ Imaged Guided leader Landon shares global giant’s plans for minimally invasive devices
In this week’s DeviceTalks Weekly podcast, we visit with Chris Landon, senior vice president and business leader of image guided therapy devices at Philips about that company’s plans to build a medtech powerhouse. In this conversation we’ll learn: Why Landon left Medtronic Where Philips fits into medtech’s future How Philips hopes to expand Will Philips […]
DTW Podcast: Who will win medtech’s own Supreme Court fight; and can the many mini Medtronics plan work?
In this week’s DeviceTalks Weekly podcast, we’ll first delve into Medtech’s own brewing Supreme Court battle. J. Michael Jakes, a partner at Finnegan, will tell us why the industry should be watching when the Supremes review the latest patent battle between Arthrex and Smith+Nephew. We’ll also talk about Medtronic’s Analyst Meeting where CEO Geoff Martha […]
CVRx’s Yared speaks to the value of confidence and cooperation
This week, CVRX reported positive six-month trial results for its Barostim Neo, an FDA-approved treatment for heart failure. The results follow years of close work between the agency and CVRx, one of the more ambitious startups in medtech. CVRx is targeting a huge clinical need with novel neuromodulation technology. In this week’s DeviceTalks Weekly podcast, […]
$4.2m project with GE would develop air transport vital-signs patch
The Nano-Bio Materials Consortium (NBMC) announced this week that it has launched a project with GE Research to develop a medical-grade wireless patch that monitors the vital signs of medical patients during emergency air transport. The device would advance medical care coordination, records management and patient outcomes in aeromedical evacuation and help drive advances in consumer-based telehealth, according to […]
MedTech 100 roundup: Stocks take a slight dip to end April
Medtech stocks remain in a stronger position than they were at the low point of the COVID-19-induced economic crisis, but they took a small dip over the last week. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 80.62 points at the end of last week […]
GE drops on missed Q1 earnings
General Electric (NYSE:GE) shares slid down today on mixed first-quarter results compared to the consensus forecast; the company’s healthcare segment saw rising revenue and profits. The Boston-based company posted profits of $6.2 billion, or 72¢ per share, on sales of $20.5 billion for the three months ended March 31, 2020, for a 71% bottom-line gain on […]