Teleflex (NYSE: TFX) has hired Jason Fontana as president and general manager of its interventional cardiology business, the former Medtronic executive said today. Fontana spent more than two decades at the world’s largest medical device company, rising to the position of VP and general manager of the renal denervation (RDN) group that won FDA premarket […]
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CMR Surgical CEO outlines the path forward for Stryker’s robotics partnership
Stryker (NYSE: SYK) joined the soft-tissue robotics race through a $400 million deal with CMR Surgical for the U.S. rights to sell its Versius Plus system and an exclusive option to buy the robotics developer. But while other robotics companies have a head start, the pair haven’t started sprinting for the finish line just yet. […]
Stryker earns FDA clearance for new bone and soft tissue removal platform
Stryker (NYSE: SYK) earned an FDA 510(k) clearance for its latest ultrasonic bone and soft tissue removal platform, the Sonopet 3. The system adds enhancements to the company’s Sonopet offerings, such as pulse control, which gives providers added ability to regulate hard and soft tissue resection, as well as Stryker’s Reimagined Integrated Surgical Experience (RISE) […]
MiniMed completes split from Medtronic
MiniMed (Nasdaq: MMED) is celebrating its first day as an independent diabetes tech company, with the full completion of its spinoff from the Medtronic mothership. This week Medtronic reported the final results of its exchange offer for MiniMed stock, where it divested all of its remaining equity stake in the company through the swapping of […]
Heart implant maker BioVentrix withdraws plans for Nasdaq IPO
BioVentrix has withdrawn its plans to go public, after pitching a Nasdaq IPO earlier this year that aimed to raise about $17 million. In a filing with the SEC, the Massachusetts-based company said the terms of the offering were never set and no securities were sold, following the submission of its S-1 in February. It […]
FDA approves Gore bridging stent graft in complex aortic aneurysms
W. L. Gore & Associates received expanded FDA approval, broadening the use of its balloon-expandable stent graft and opening it up for the treatment of complex aortic aneurysms. The Viabahn VBX endoprosthesis was greenlit for use in both fenestrated and branched endovascular aortic repairs, known as FEVAR and BEVAR, where an aneurysm develops too close […]
Steris inks $2.1B deal for operating room supplier Xodus Medical
Steris (NYSE: STE) aims to boost its portfolio of hospital consumables and operating room products with a $2.1 billion deal to acquire Xodus Medical. The Pennsylvania-based Xodus provides a variety of products for patient positioning during surgery, including the Pink Pad cushioning systems designed to reduce the risk of pressure injuries, in addition to bed […]
Siemens Healthineers exits general ultrasound to focus on cardiac imaging
Siemens Healthineers is backing out of the general ultrasound market to instead focus on supporting imaging-guided therapies and procedures. Starting this week, the company said it will no longer sell certain Acuson ultrasound carts, including its Sequoia, Redwood, Juniper and Maple models designed for a variety of specialities and clinical settings. Instead it will move […]
Johnson & Johnson MedTech sets mid-2027 target for ortho spinoff, as Q3 device sales disappoint
Johnson & Johnson MedTech (NYSE: JNJ) has officially set a mid-2027 target for its DePuy Synthes orthopedics unit spinoff, while reporting broader medical device sales coming in below analyst expectations for the third quarter. The company’s leadership described facing international headwinds in medtech, including volume-based procurement changes in China and the ongoing conflicts in the […]
Olympus receives FDA warning letter after international inspections
Olympus has received a new warning letter from the FDA, following inspections late last year of six manufacturing facilities across Japan as well as in Europe and the U.S., the company reported. According to Olympus, the October 7 letter takes issue with the company’s responses to violations found in its quality management system and related […]
Stryker dives into soft-tissue robotics with $400M play for CMR Surgical’s Versius
Stryker (NYSE: SYK) is diving into soft-tissue robotics with a $400 million investment in CMR Surgical, netting exclusive rights to sell its Versius platform in the U.S. and pocketing an option to acquire the company in the future. The alliance comes shortly after Medtronic agreed to put $700 million into Cornerstone Robotics and its Sentire […]
