Analysts at UBS and Jefferies found a lot to like in the Street-beating Q2 results out of Medtronic (NYSE:MDT). “Commentary was encouraging on many fronts. COVID is raging, but hospitals are coping better this time, and MDT still expects to see normalized growth by 4Q. The bigger story is the new tone under CEO Geoff Martha. […]
Zimmer Biomet could pay millions after two hip implant lawsuit losses
A federal judge in Missouri has signed off on a $21 million judgment against Zimmer Biomet (NYSE:ZBH) involving the company’s much-litigated M2a Magnum metal-on-metal hip implant. U.S. District Judge Stephen R. Clark’s sign-off yesterday of the award — $20 million to Mary Bayes and $1 million to her husband Philip Bayes — came a day […]
U.S. plans to ship 6.4M COVID-19 vaccine doses to states in mid-December
About 6.4 million doses of the COVID-19 vaccine from Pfizer (NYSE:PFE) and its partner BioNTech (NSDQ:BNTX) will ship to U.S. states in mid-December, as long as the vaccine soon receives an FDA EUA. There are also plans to quickly distribute vaccine from rival COVID-19 vaccine developer Moderna (NSDQ:MRNA), which could soon apply for an EUA, officials at the federal […]
Exactech to distribute Bodycad’s Reflex Uni knee
Exactech announced today that it has signed an agreement to be the exclusive U.S. distributor of Bodycad‘s Reflex Uni knee. The Reflex Uni expands Exactech’s Truliant primary and revision knee system to include a personalized unicompartmental implant, designed to fit each person’s unique anatomy. Exactech is touting the Truliant Reflex Uni as the latest addition […]
Canada approves Tandem Diabetes Caree’s advanced hybrid closed-loop insulin pump
Tandem Diabetes Care (NSDQ:TNDM) announced today that Health Canada has approved its t:slim X2 insulin pump with Control-IQ technology. The news comes nearly a year after the U.S. launch of the t:slim X2 with Control-IQ. Get the full story on our sister site Drug Delivery Business News.
Why making a lot of ventilators may not be enough to prevent COVID-19 deaths
Medical device companies and even manufacturers outside the industry answered the call to make ventilators needed to treat people with severe COVID-19 cases. But as a newer and larger wave of the novel coronavirus hits the U.S., the equipment may not be enough, The New York Times reported yesterday. The problem, according to the Times, […]
Chong Kun Dang to sell SkyLabs heart-monitoring ring in Korea
Pharmaceutical company Chong Kun Dang next month will start selling a heart-monitoring ring made by startup SkyLabs, according to Korean media reports. Chong Kun Dang paid ₩2.5 billion ($2.2 million) to SkyLabs for the right to sell the CART-I cardio tracker to consumers in South Korea, The Korea Herald reported today. Worn on a finger, […]
The top 5 MassDevice stories of the week — November 20, 2020
The past week saw major news in the robotic surgery space, with Johnson & Johnson (NYSE:JNJ) unveiling its new Ottava platform. Want to hear more about the week’s top medtech news on MassDevice? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” — as well as fictional monsters that come out of […]
GE Healthcare acquires Prismatic Sensors and its advanced photon-counting CT sensors
GE Healthcare (NYSE:GE) said today that it has acquired Prismatic Sensors, a Swedish startup with deep silicon detector technology for photon-counting computed tomography (PCCT). The financial terms of the deal were not disclosed. GE Healthcare expects to close the deal in January 2021; its held a minority position in the company since 2017. Photon-counting CT technology, […]
FDA clears Think Surgical’s second-gen robotic knee surgery system
Think Surgical announced today that FDA has granted 510(k) clearance for the second generation of its TSolution One total knee application. The TSolution One is an active robot for total knee replacement; it includes fully automated bone preparation and provides surgeons a choice of implant options. The newly-cleared version of the system features includes an […]
BREAKING: Pfizer, BioNTech submit FDA EUA request for COVID-19 vaccine
Pfizer (NYSE:PFE) and its partner BioNTech (NSDQ:BNTX) announced that they will submit a request today with FDA for an EUA of their mRNA vaccine candidate, BNT162b2, against SARS-CoV-2. If all goes as planned, the companies predict that high-risk populations in the U.S. could start receiving the vaccine by mid- to late-December. Vaccine distribution could start within […]
