Masimo today promised to accept one of the board members proposed by Politan Capital Management under certain conditions while taking more shots at the activist investor’s leader. The device developer said it would appoint former Johnson & Johnson MedTech executive Michelle Brennan to the board if shareholders voted to expand it from five members to […]
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Masimo management trades blows with activist investor Politan
The fight for two seats on the Masimo board is heating up ahead of the medtech developer’s annual shareholder meeting next month. Masimo management and activist investor Politan Capital Management released dueling presentations over the last 24 hours in support of their respective director nominees. Previously: Masimo beats the Street in Q1 ahead of proxy […]
Medtronic and Johnson & Johnson reportedly consider Shockwave acquisition
Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) are interested in acquiring Shockwave Medical (Nasdaq:SWAV), according to a StreetInsider.com report citing an unnamed source. The financial news website did not say how the source knows the information or why they are not being identified by name. “We don’t comment on rumors or speculation,” Medtronic spokesperson Erika […]
Philips shareholders vote against relieving management of liability
Royal Philips shareholders voiced their displeasure with management’s handling of the company’s massive respiratory device recall at the annual meeting this week. Shareholders voted down a proposal to relieve the board of management of liability, keeping the potential for investor lawsuits related to the Philips Respironics recall on the table. “This follows the voting guidance […]
Butterfly Network shares slide on Q1 results
Butterfly Network (NYSE:BFLY) shares dropped today on first-quarter results that fell short of sales expectations. Shares of BFLY dropped 16% to $1.88 apiece in morning trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was relatively flat at the same time. The Burlington, Massachusetts-based handheld ultrasound technology maker posted […]
Steris beats the Street on Q4 earnings and increases guidance
Steris (NYSE:STE) today reported fourth-quarter results that exceeded Wall Street’s expectations while upping guidance for the year ahead. Shares of STE climbed 4% t0 $197 apiece in after-hours trading. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was flat on the day. The Dublin, Ireland-based provider of sterilization services and […]
DeviceTalks Boston: The ZimVie Tether helps kids with scoliosis — if they can get it in time
The ZimVie (Nasdaq:ZIMV) Tether is a groundbreaking system for treating adolescent idiopathic scoliosis, developed with the help of surgeons who saw an opportunity to improve the lives of their pediatric patients. But for every patient the clock is ticking, as children are only eligible if they have enough growth ahead of them for the technology […]
Telepresence technology is accelerating medical device development while broadening and deepening relationships between medtech and customers
An expanding customer base, rapidly advancing technology and intense cost pressures are driving medtech companies to use surgical telepresence to cost effectively meet customer needs, enhance customer relationships, develop new products faster and empower healthcare providers to raise the standard of care. By Daniel Hawkins, Avail Medsystems The medical technology industry is relentlessly challenged to […]
Masimo beats the Street in Q1 ahead of proxy fight; CEO discusses Apple mistrial
Masimo reported Street-beating first-quarter results and maintained its full-year 2023 guidance ahead of a proxy battle at the annual meeting of shareholders. Investors reacted by sending MASI shares up 1% to $186.50 apiece in after-hours trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was down slightly. The […]
Oculogica uses eye-tracking tech for new OcuPro roadside cannabis test
The developer of a new roadside cannabis test is using the same eye movement technology behind its FDA-cleared device for rapidly diagnosing concussions. Oculogica today announced its OcuPro device for detecting recent marijuana use and impairment. The headset device weighs less than 2 lb and is roughly the size of a large pair of binoculars, […]
Intuitive stock pops on Street-beating Q1; da Vinci price increase coming
Intuitive Surgical posted first-quarter results that beat the consensus forecast on Wall Street. Investors reacted by sending ISRG up more than 12% to $303.58 apiece by midday trading today. The Sunnyvale, California–based surgical robotics developer yesterday evening reported profits of $355 million, or $1.oo per share, on sales of $1.7 billion for the three months […]
