CHF Solutions (NSDQ:CHFS) recently announced that it has promoted Nestor Jaramillo Jr. to the president and COO spot at the company. Jaramillo’s promotion was effective July 1. Jaramillo has been at the Eden Prairie, Minn.-based fluid overload treatment developer since May 2019, focusing on commercial growth. “Nestor has had a strong impact on our commercial success […]
Haemonetics’ blood-collection devices could leave particles in donors, report says
A consortium of news outlets is questioning the safety of Haemonetics (NYSE:HAE) blood-collection devices, claiming that particles have been detected in donors whose plasma was extracted by the machines. According to a report in the Miami Herald, whistleblower documents indicate that more than 150 Haemonetics customer reports have been made regarding the presence of particles by plasma […]
DOD chooses ExThera blood filter for COVID-19 trial
ExThera Medical announced today that the U.S. Defense Dept. selected its Seraph 100 Microbind affinity blood filter for a U.S.-based clinical trial. The randomized, controlled, multi-center trial will be funded by the DoD and run by investigators at the Uniformed Services University in Bethesda, Md. It comes on the back of encouraging preliminary results in […]
Haemonetics to sell filter factory to GVS
Haemonetics (NYSE:HAE) said today that it has agreed to sell its Fajardo, Puerto Rico, manufacturing operations to filter manufacturer GVS. Boston-based Haemonetics will retain all intellectual property rights to its proprietary blood filters currently manufactured at its Fajardo facility, while GVS (Bologna, Italy) will obtain certain operating assets, including manufacturing equipment and inventory and a sublease […]
Haemonetics sells off blood donor software
Haemonetics (NYSE:HAE) announced today that it plans to sell certain blood donor management software assets to the GPI Group. GPI, a provider of IT solutions for healthcare and social services, is purchasing the assets from within Haemonetics’ blood center business unit, according to a news release. Under the agreement, Boston-based Haemonetics and its subsidiary Global Med […]
Magnolia Medical receives $20m venture loan facility
Horizon Technology Finance announced that it issued a $20 million venture loan facility to blood culture collection device maker Magnolia Medical. According to a news release, Horizon provided the loan facility to Magnolia on May 6 to support its FDA-cleared Steripath device for preventing the contamination of blood cultures upon collection. “Magnolia’s Steripath device has […]
FDA labels Applied Medical catheter recall as Class I
The FDA announced today that the Applied Medical recall of multiple kinds of its catheters is designated as Class I, the most serious type of recall. The Python embolectomy catheters, Bard embolectomy catheters and the OTW Latis cleaning catheters were the types recalled by Applied Medical. A total of 19,400 devices were recalled in the […]
Haemonetics slides on missed 4Q projections
Haemonetics (NYSE:HAE) shares slid today on fourth-quarter results that came up short compared to the consensus forecast. The Boston-based company posted profits of $17.6 million, or 34¢ per share, on sales of $238.5 million for the three months ended March 28, 2020, for a -15.4% bottom-line slide on a sales decline of -4.3%. Adjusted to exclude […]
Cerus gains FDA approval for blood plasma kit
Cerus Corp. (NSDQ:CERS) announced today that it received FDA approval for its Intercept plasma with an alternative plastic disposable kit. The company’s conversion to the new disposable kit represents its strategy to enhance its global supply chain’s integrity, according to a news release. The approval is a prerequisite for the company’s planned PMA-S submission for […]
Baxter beats The Street in Q1
Baxter (NYSE:BAX) shares ticked up slightly today on first-quarter results that topped the consensus forecast, despite a slight drop in year-over-year profits. The Deerfield, Ill.-based company posted profits of $333 million, or 64¢ per share, on sales of $2.8 billion for the three months ended March 31, 2020, for a 2.6% bottom-line slide on sales growth […]
Is coronavirus causing a run on pulse oximeters?
Multiple reports cited pulse oximeters as a device of interest as stores are selling out of the products amid claims of capabilities in detecting COVID-19 at home. Pulse oximeters can measure the saturation of oxygen in red blood cells by shining a light through the skin when clipped to the user’s body. They can be […]
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