Transparent, well-designed clinical trials are a must. Here’s advice on how to get there. Scott Nelson, co-founder and CEO of FastWave Medical Dozens of medical devices annually make it onto the FDA’s list of the newest approved medtech. Yet, alongside this progress, the agency faces a stark reality: over the last decade, faulty devices have been […]
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How you can achieve product-market fit in medtech
In medtech, product-market fit can be key to keeping you out of the graveyard of once-promising startups. Scott Nelson, co-founder and CEO of FastWave Medical It’s incredibly rewarding to build in the medtech space, but some data suggests the average medical device requires $31 million to develop, with nearly three-quarters of that budget dedicated to […]
Steris reports strong Q1 on big gains in healthcare
Steris today reported first-quarter results that exceeded Wall Street’s expectations while upping guidance for the year ahead due to a recently announced acquisition. The Dublin, Ireland-based provider of sterilization services and other infection prevention tech posted profits of $123.6 million in the quarter ended June 30, 2023. That amounts to $1.25 per share on sales […]
Masimo makes an offer in board election fight with Politan
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 […]
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 […]
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 […]
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 […]
Stryker completes acquisition of Cerus Endovascular
Stryker today announced it completed the acquisition of Cerus Endovascular. The financial details of the deal were not disclosed. Cerus Endovascular designs and develops neurointerventional devices for the treatment of intracranial aneurysms. Cerus Endovascular’s CE marked products, the Contour Neurovascular system and Neqstent could assisted flow diverter, will expand Stryker’s portfolio of aneurysm treatment solutions. […]
