Ireland-based Vivasure Medical said today it launched its PerQseal closure device intended for large-bore transcatheter procedures. The newly launched device is intended for novel transcatheter endovascular procedures including transcatheter aortic valve replacements, thoracic endovascular aneurysm repairs and endovascular abdominal aneurysm repairs, which require large-bore femoral artery access. The system consists of an intravascular patch to seal […]
Titan Spine closes undisclosed Series B round
Titan Spine said this week that it completed an undisclosed Series B financing round, with money slated to support company growth through product line additions, an expanded sales team and continued research & development. The round was led by current investor Southlake Equity Group, the Mequon, Wisc.-based company said. The round was also joined by […]
Stryker closes $1.4B K2M buy
Stryker (NYSE:SYK) said today that it closed its $1.4 billion acquisition of K2M (NSDQ:KTWO). Kalamazoo, Mich.-based Stryker paid $27.50 per share for each outstanding share of K2M, representing a 27% premium over K2M’s average closing price during the 90 days of trading ended August 29. With the acquisition, Leesburg, Va.-based K2M will become a wholly owned subsidiary […]
Dentsply announces workforce reductions & restructuring plan, posts Q3 miss
Dentsply Sirona (NSDQ:XRAY) today announced restructuring plans that will eliminate 6% to 8% of its workforce as the company looks to reduce costs alongside releasing third quarter earnings that missed Wall Street expectations. The York, Penn.-based company said that its management team has “conducted an extensive diagnosis of the market” over the past six months and […]
ICU Medical posts mixed bag Q3
ICU Medical (NSDQ:ICUI) today posted third quarter earnings that beat expectations for earnings per share but narrowly missed sales consensus on Wall Street. The San Clemente, Calif.-based company posted profits of $219,000, or 1¢ per share, on sales of $327.2 million for the three months ended September 30, seeing bottom-line growth of 61% while sales shrunk […]
Globus Medical Q3 beats The Street
Globus Medical (NYSE:GMED) today posted third quarter earnings that handily topped expectations from analysts on Wall Street. The Audubon, Pa.-based company posted profits of $35.2 million, or 35¢ per share, on sales of $169.2 million for the three months ended September 30, for bottom-line growth of 37.6% on sales growth of 11.5% compared with the same […]
TransEnterix posts Street-beating Q3
TransEnterix (NYSE:TRXC) today posted third quarter earnings that beat expectations on Wall Street. The Research Triangle Park, N.C.-based company posted losses of $20.2 million, or 10¢ per share, on sales of $5.4 million for the three months ended September 30, seeing losses shrink 47.5% while sales grew nearly 3000% compared with the same period during the […]
Cardiovascular Systems enters Chinese market through OrbusNeich deal
Cardiovascular Systems (NSDQ:CSII) said today that it successfully launched its Diamondback 360 coronary orbital atherectomy system in China as part of a distribution agreement with OrbusNeich. St. Paul, Minn.-based Cardiovascular Systems said that the first patient has already been treated with the device in Hong Kong. “Orbital Atherectomy is simple to use. It is a very controllable […]
Second Sight Medical wins final CMS reimbursement nod for Argus II
Second Sight Medical (NSDQ:EYES) said today that the Centers for Medicare & Medicaid Services finalized the outpatient payment rate for its Argus II retinal prosthesis system for the coming year. The Argus II induces visual perception in blind patients with retinitis pigmentosa by stimulating of the retina’s remaining cells with electrical pulses, which allows for the perception […]
Jabil and Recovery Force deploy e-textile tech to prevent blood clots
Compression technology startup Recovery Force and Jabil have joined forces to produce a mobile compression platform to enhance circulation. Recovery Force (Fishers, Ind.) designed the technology to address a host of therapeutic conditions, including blood-clot prevention, post-operative pain, joint pain and sore muscles. It embeds shape-changing memory fibers into various garments and footwear to produce therapeutic compressions. St. Petersburg, […]
FTC clears Stryker, K2M tie-up early
K2M (NSDQ:KTWO) said today that the U.S. FTC granted early termination to the Hart-Scott-Rodino Antitrust Improvement Act of 1976 waiting period for its pending $1.4 merger with Stryker (NYSE:SYK). The termination of the HSR Act clears yet another hurdle to the union between the two companies, which will position K2M as a wholly owned subsidiary of Kalamazoo, […]
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