DeviceTalks Boston is shaping up to be a great chance not only to hear from top medtech leaders and network with more than 700 industry insiders — but also to meet the dozens of medical device industry suppliers exhibiting on the show floor. Exhibitors at the Boston Convention and Exhibitor Center — May 10–11, 2022 — include contract […]
Titan Medical inks a $2.6M purchase order from Medtronic
Robotic-assisted surgery company Titan Medical (Nasdaq: TMDI; TSX: TMD) is deepening its relationship with Medtronic (NYSE:MDT), securing a $2.6 million purchase order from the medtech giant. The purchase order news comes more than three months after Titan Medical completed a development and licensing agreement with Medtronic that brought in a net $8.3 million, helping the […]
Masimo announces limited consumer release of W1 health watch
Masimo (Nasdaq: MASI) today announced that it will make its much-anticipated W1 health watch available to 10,000 early adopters. The select group can buy the W1s on a first-come, first-served basis at a 50% discount, according to Masimo. The goal is to collect feedback from the early adopters as the Irvine, California–based company better refines […]
Stryker faced challenges in Q1 — but it still beat The Street
Stryker (NYSE:SYK) today reported first-quarter results that exceeded Wall Street expectations, even in what CEO Kevin Lobo described as a “challenging macroeconomic environment.” “We are encouraged by the steady improvement of surgery volumes and the robust demand for our capital products; however, we expect supply chain challenges to persist for much of the year,” Lobo […]
Teledoc records $6.6B impairment charge amid tough Livongo integration
Teladoc (NYSE: TDOC) saw its stock lose about half its value after announcing a $6.6 billion impairment charge amid a challenging integration of Livongo and its health management app. TDOC shares today are trading around $30 apiece, down 50% from where they were before yesterday’s Q1 earnings announcement. Teladoc closed its $18.5 billion purchase of […]
Inspire Medical Systems invests in EnsoData and Ognomy
Sleep apnea treatment developer Inspire Medical Systems has invested in two private companies with digital health tech that could better screen people for sleep problems. Minneapolis-based Inspire Medical is the maker of a minimally-invasive, implantable device that uses neurostimulation to treat obstructive sleep apnea. It made a $10 million minority equity investment in Madison, Wisconsin–based […]
Abbott advises against mini-tender offer
Abbott (NYSE: ABT) appears to be part of the trend of large companies advising their shareholders to avoid unsolicited mini-tender offers. The Abbott Park, Illinois–based maker of diagnostics, medical devices, nutritionals and branded generic medicines posted a news release today in which it advised shareholders to ignore an unsolicited mini-tender offer from TRC Capital Investment […]
3M Health Care leads the way in Street-beating Q1
3M (NYSE: MMM) today reported first-quarter results that beat the consensus forecast on Wall Street, with Health Care turning in the best performance among the industrial conglomerate’s businesses. Maplewood, Minnesota–based 3M earned nearly $1.3 billion, or $2.26 per share, off $8.8 billion in sales for the quarter ended March 31, 2022, with the bottom and […]
Globus Medical stock down after surprise CEO transition
Globus Medical (NYSE: GMED) stock is down more than 11% today, a day after the musculoskeletal repair tech company announced the surprise resignation of its CEO. Dave Demski said in a news release that he was stepping down as CEO to pursue other opportunities, with the board promoting Chief Commercial Officer Daniel Scavilla into the […]
How Stryker is advancing digital healthcare
Count Stryker among the big medical device companies that have pioneered the transition toward digital, becoming medtech companies offering an array of software and services around their products. The company’s popular Mako robotic surgery systems are more than just the robot when it comes to knee and hip surgeries. There’s the preoperative data modeling and […]
Johnson & Johnson MedTech is shopping for M&A deals
Top officials at Johnson & Johnson (NYSE: JNJ) are eager to acquire companies with technologies that could enhance their MedTech business. That was one of the big takeaways yesterday from the company’s earnings call. MedTech is rebounding well from the COVID-19 pandemic, with revenues up 5.9% year-over-year in the first quarter. The company is reaching […]