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Chris Newmarker

Terumo to acquire Health Outcomes Sciences

February 25, 2021 By Chris Newmarker Leave a Comment

Terumo (TSE: 4543) recently announced that it has signed a definitive agreement to acquire all assets of Health Outcomes Sciences. The financial terms of the deal were not disclosed. Phoenix-based HOS is a creator of predictive analytics and clinical decision support software. Its sePRISM content enablement platform is meant to enable healthcare organizations to deliver […]

Filed Under: Business/Financial News, Digital Health, Health Technology, Mergers & Acquisitions, Software / IT Tagged With: Health Outcomes Sciences (HOS), Terumo

iRhythm’s revenue jumps 33% in Q4

February 25, 2021 By Chris Newmarker Leave a Comment

iRhythm Technologies (NASDAQ: IRTC) today reported mixed Q4 results but predicted strong sales growth in 2021. The San Francisco–based company — maker of the Zio ambulatory cardiac monitoring patch — reported a loss of –$9.7 million, or –33¢ per share, on sales of $78.8 million for the three months ended Dec. 31, 2020, nearly halving […]

Filed Under: Business/Financial News, Cardiovascular, Diagnostics, Digital Health, Featured, Wall Street Beat Tagged With: iRhythm Technologies Inc.

NuVasive reports mixed Q4 results

February 25, 2021 By Chris Newmarker Leave a Comment

NuVasive (NASDAQ: NUVA) today reported Q4 earnings that beat the consensus forecast on Wall Street, but it came up short on revenue. The San Diego–based spine tech company earned $1.7 million, or 3¢ per share, on sales of $291.8 million for the three months ended Dec. 31, 2020, for a bottom-line drop of –94%  on […]

Filed Under: Business/Financial News, Featured, Funding Roundup, Orthopedics, Spine Tagged With: Nuvasive

Stereotaxis up on Street-beating Q4 results

February 25, 2021 By Chris Newmarker Leave a Comment

Shares of Stereotaxis (NYSE:STXS) shot up in morning trading today after the robotic surgery company reported Street-beating Q4 results and predicted double-digit revenue growth this year. The St. Louis–based company, creator of robotic technologies for the treatment of cardiac arrhythmias, reported a loss of –$1.18 million, or –2¢ share, on sales of $6.82 million for the […]

Filed Under: Business/Financial News, Cardiovascular, Featured, Robotics, Surgical, Wall Street Beat Tagged With: robot-assisted, Robotic Surgery, Stereotaxis

Nevro posts Street-beating Q4 results

February 25, 2021 By Chris Newmarker Leave a Comment

Nevro (NYSE:NVRO) posted fourth-quarter results that beat the consensus forecast on Wall Street as it issued 2021 guidance that was slightly below analysts’ expectations. The Redwood City, Calif.–based spinal cord stimulation system maker reported a loss of –$7.2 million, or –21¢ per share, on sales of $109.7 million for the three months ended Dec. 31, 2020, […]

Filed Under: Business/Financial News, Featured, Neuromodulation/Neurostimulation, Pain Management, Wall Street Beat Tagged With: Boston Scientific, Nevro Corp.

Elizabeth Holmes, prosecutors trade accusations over lost evidence

February 24, 2021 By Chris Newmarker Leave a Comment

Ex-Theranos CEO Elizabeth Holmes through her lawyers is blaming prosecutors’ “investigative failure” for the loss of a company database that would have shown the level of inaccurate blood-testing results. In a filing yesterday, Holmes’ lawyers claim that in the absence of information in the Laboratory Information System (LIS) database, the judge should not allow jurors […]

Filed Under: Diagnostics, Featured, Legal News, Product Liability Tagged With: Elizabeth Holmes, Theranos

Titan Medical brings in another $23 million

February 24, 2021 By Chris Newmarker Leave a Comment

Titan Medical (TSX:TMD;OTC:TITFX) today announced the closing of a $23 million bought deal. The Toronto-based surgical robotics company conducted the sale by way of a short form prospectus in each of the provinces of British Columbia, Alberta and Ontario — as well as a private placement in the U.S. Last month, Titan Medical raised an additional […]

Filed Under: Business/Financial News, Funding Roundup, Robotics, Surgical Tagged With: robot-assisted, Robotic Surgery, Titan Medical Inc.

Masimo reports a Street-beating Q4

February 23, 2021 By Chris Newmarker Leave a Comment

Masimo (NSDQ:MASI) posted fourth-quarter results today that beat the consensus forecast on Wall Street, issuing 2021 guidance that also exceeds analysts’ expectations. The Irvine, Calif.–based maker of noninvasive patient monitoring technologies and sensors reported profits of $70.7 million, or $1.21 per share, on sales of $295.1 million for the three months ended Jan. 2, 2021, boosting […]

Filed Under: Business/Financial News, Diagnostics, Digital Health, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Masimo

12 surgical robotics companies you need to know

February 23, 2021 By Chris Newmarker Leave a Comment

Surgical robotics remains a hot area in medtech — even as it faces headwinds from the COVID-19 pandemic. Intuitive Surgical (NSDQ:ISRG) pioneered robotic surgery through the early 2000s and remains the dominant player, but major companies including Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) have big plans to enter the space and compete. Meanwhile, Stryker (NYSE:SYK) has built a […]

Filed Under: Business/Financial News, Featured, Orthopedics, Robotics, Surgical Tagged With: Corindus Vascular Robotics, Intuitive Surgical, Johnson & Johnson, Johnson and Johnson, Medtronic, Monteris Medical, robot-assisted, Robotic Surgery, Siemens Healthineers, Smith & Nephew, Smith+Nephew, Stereotaxis, Stryker, Titan Medical Inc., TransEnterix, Vicarious Surgical, Zimmer Biomet

Former Verb Surgical CEO has a medtech SPAC, planning a $175M IPO

February 22, 2021 By Chris Newmarker Leave a Comment

A group of medical device industry insiders — including former Verb Surgical and Volcano Corp. CEO Scott Huennekens  — is planning a $175 million IPO for a special purpose acquisition company (SPAC). Los Angeles–based VIDA FLaSH Acquisitions filed a form S-1 with the U.S. Securities and Exchange Commission on Feb. 18 for a proposed IPO […]

Filed Under: Business/Financial News, Featured, Funding Roundup, Initial Public Offering (IPO) Tagged With: Compute Health Acquisition, MedTech Acquisition Corp., SPACs, VIDA FLaSH Acquisitions

Could artificial intelligence boost surgical robotics to new heights?

February 19, 2021 By Chris Newmarker Leave a Comment

Ken Goldberg thinks artificial intelligence will enable surgical robots to achieve their best function — not replacing surgeons but augmenting their work by reducing the monotony of specific subtasks like suturing. The William S. Floyd Jr. Distinguished Chair in Engineering at UC Berkeley, Goldberg and his research team have continued to advance the field. The group — which includes postdoctoral […]

Filed Under: Featured, Health Technology, Robotics, Software / IT, Surgical Tagged With: Intuitive Surgical, Ken Goldberg, robot-assisted, Robotic Surgery, TransEnterix, UC Berkeley

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