The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
Study says Masimo pulse oximetry is accurate for different skin colors
Masimo today announced findings from a study evaluating its pulse oximetry technology across a variety of skin pigmentations. Dr. Vikrant Sharma, Dr. Steven Barker, Dr. William C. Wilson and colleagues at Masimo performed a focused analysis of previously published data evaluating the impact of low perfusion on the performance of Masimo SET pulse oximetry across […]
GE HealthCare, MedQuest collab on tech for outpatient imaging
GE HealthCare announced that it partnered with MedQuest to optimize multi-site outpatient imaging networks. MedQuest is a leading owner, operator and manager of outpatient diagnostic imaging facilities. The three-year collaboration provides access to GE HealthCare’s technology with infrastructure and resources from MedQuest. The companies believe MedQuest’s model with GE HealthCare’s offerings can help deploy emerging […]
Biotronik, IMDS launch new coronary microcatheter
Biotronik announced that it launched the Micro Rx catheter for enhancing guidewire support during percutaneous coronary interventions (PCI). Interventional Medical Device Solutions (IMDS) manufactures Micro Rx and Biotronik has exclusive distribution rights. Micro Rx marks the fourth IMDS product brought to the U.S. by Biotronik, joining the NHancer Rx, TrapIT and ReCross catheters. The Micro […]
Zimmer Biomet beats Street in Q4, reduces headcount in restructuring effort
Zimmer Biomet shares are down despite fourth-quarter results that topped the consensus forecast. The Warsaw, Indiana–based orthopedics device company is shedding hundreds of jobs in a new round of restructuring. Mike Matson, senior research analyst at Needham & Co., noted ZB’s Street-beating Q4 and its above-consensus 2024 projections. Still, the company has been losing share […]
Embecta beats The Street in Q1, raises guidance as insulin pump development moves along
Embecta (Nasdaq:EMBC) shares took a hit this morning despite Street-beating first-quarter results and increased 2024 guidance. Shares of EMBC fell 7.8% at $16.37 apiece as the market opened today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — opened today relatively even. The Parsippany, New Jersey-based BD Diabetes […]
Dexcom says revenues could grow 20% in 2024
Dexcom shares dipped after hours on fourth-quarter results that came in ahead of the consensus forecast. Shares of DXCM fell 1.6% at $125 apiece after the market closed today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — closed the day up 0.2%. The San Diego-based continuous glucose […]
Exactech, Statera partner on world’s first smart reverse shoulder implant
Exactech announced today that it partnered with Statera Medical to design the world’s first smart reverse shoulder implant. The companies plan to co-develop the new implant over the next few years. Samuel Bourdon, Statera’s CEO, said in a news release that the company developed its Goldilocks smart implant technology to give surgeons more precision. These […]
FDA clears 5008X hemodialysis system from Fresenius Medical Care
Fresenius Medical Care announced today that it received FDA clearance for its 5008X hemodialysis system. The company said this marks a step toward bringing a new standard of care in dialysis therapy to the U.S. Bad Homburg, Germany-based Fresenius can now begin U.S.-based clinical evaluations and user studies ahead of a broad launch in 2025. […]
Biosense Webster supports duo of new studies using Varipulse pulsed field ablation tech
Biosense Webster today announced its support for two collaborative studies using its Varipulse pulsed field ablation (PFA) platform. Johnson & Johnson MedTech’s electrophysiology unit says the two collaborative studies aim to better understand the use and workflows of the investigational platform in treating diverse arrhythmias. Varipulse features the Varipulse catheter, a variable-loop multielectrode catheter, the […]
Baxter beats The Street in Q4, kidney care spin progresses
Baxter shares ticked up today on fourth-quarter results that came in ahead of the consensus forecast. Shares of BAX rose 1.2% at $39.87 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — dipped 0.2%. The Deerfield, Illinois-based company posted profits of $245 million. […]