Jogo Health (Bridgewater, N.J.) — a startup with a prescription digital therapeutics approach to train the brain to restore muscle function — has raised more than $2 million. The company has raised about $2.1 million of the $2.5 million it sought in the offering, with 26 investors involved, according to a Form D filed with […]
Hologic Q4 results meet or beat The Street
Hologic (NSDQ:HOLX) stock is up in after-hours trading this evening after the company posted fourth-quarter results that met or beat analysts’ expectations. The Marlborough, Mass.–based women’s health medtech company reported profits of $39.9 million, or 15¢ per share, on sales of $865.8 million for the three months ended Sept. 28, 2019, versus $50.5 million, or 18¢ […]
Owens & Minor results mixed for Q3
Owens & Minor (NYSE:OMI) today reported third-quarter profits that beat the consensus forecast on Wall Street, but revenues were down year-over-year. The Mechanicsville, Va.-based healthcare logistics and medical supplies company reported profits of $1.2 million, or 2¢ per share, on sales of $2.40 billion for the three months ended Sept. 30, 2019, versus a loss of […]
Coloplast to keep interventional urology business
Coloplast (CPH:COLO-B) officials have decided to keep the company’s interventional urology business — about five months after confirming it was the subject of a strategic review. “After completing a thorough review, we have firmly concluded that the interventional urology business is core to our mission, and that retaining the business is the right decision to […]
Former Theranos CEO wrangles with FDA over missing emails
As she prepares to face a criminal trial over federal wire fraud charges, discredited Theranos founder Elizabeth Holmes is arguing with the FDA over missing emails, according to media reports. Lawyers for Holmes and former Theranos president Sunny Balwani used a hearing yesterday in federal court in Northern California to criticize the FDA for failing […]
Zimmer Biomet nearly triples bottom line growth in Q3
Zimmer Biomet (NYSE:ZBH) reported third-quarter results today that beat the consensus forecast on Wall Street. The Warsaw, Ind.–based orthopedic device giant reported profits of $432 million, or $2.08 per share, on sales of $1.89 billion for the three months ended Sept. 30, 2019, nearly tripling the bottom line and growing sales 3% compared with Q3 2018. […]
BD beats The Street on Q4 results
Becton Dickinson (NYSE:BDX) today reported fourth-quarter results that beat Wall Street analysts’ expectations. The Franklin Lakes, N.J.–based medtech company reported profits of $150 million, or $0.41 per share, on sales of $4.58 billion for the three months ended Sept. 20, 2019. BD lost -$135 million off $4.40 billion in revenue during the same quarter a year […]
Fresenius Medical Care North America launches connected health platform
Fresenius (NYSE:FMS) recently announced that its Fresenius Medical Care North America (FMCNA) business has launched a connected health platform called TheHub. TheHub includes three integrated applications meant to enable people on dialysis, their care teams, and health providers to better collaborate. Fresenius officials see the system enhancing remote monitoring for people on home dialysis. The Trump administration […]
Orthofix taps former Biomet, Medtronic executive as new CEO
Orthofix (NSDQ:OFIX) has appointed Jon Serbousek — a 30-year veteran of the medical device and biotech industries — as its new president and CEO. The Lewisville, Texas–based orthopedic device company announced the appointment on Nov. 1, saying it was effective immediately. Serbousek takes over for Brad Mason, who previously announced his plan to retire. Mason will […]
Abbott recall of CentriMag circulatory support system designated as Class I
Updated Nov. 6 after FDA edited its notice to update on injury and fatality numbers. The U.S. FDA today issued a Class I designation — its most serious — over Abbott’s recall of its CentriMag circulatory support system. By the time Abbott (NYSE:ABT) initiated a recall in August 2019, there were already reports 44 injuries related […]
MD&M Minneapolis exhibitors you need to know
MD&M Minneapolis — held Oct. 23–24 this year — is one of the largest medical device manufacturing events in the Midwest, showcasing hundreds of industry suppliers. Thousands of medical device industry insiders, many based in the area, attend the show. Strolling around the show floor at the Minneapolis Convention Center, one gains an appreciation of […]
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