Analysts at UBS and Jefferies found a lot to like in the Street-beating Q2 results out of Medtronic (NYSE:MDT). “Commentary was encouraging on many fronts. COVID is raging, but hospitals are coping better this time, and MDT still expects to see normalized growth by 4Q. The bigger story is the new tone under CEO Geoff Martha. […]
Business/Financial News
Exactech to distribute Bodycad’s Reflex Uni knee
Exactech announced today that it has signed an agreement to be the exclusive U.S. distributor of Bodycad‘s Reflex Uni knee. The Reflex Uni expands Exactech’s Truliant primary and revision knee system to include a personalized unicompartmental implant, designed to fit each person’s unique anatomy. Exactech is touting the Truliant Reflex Uni as the latest addition […]
Who would — and wouldn’t — line up for COVID-19 vaccines?
Once enough people receive effective vaccines against the novel coronavirus, experts say, the end of the pandemic may be in sight. But a new poll of older adults — one of the highest-priority groups for vaccination — suggests an uphill climb lies ahead to reach that goal. In all, 58% of adults aged 50 to […]
Medtronic rises on Street-beating Q2 driven by ventilator sales
Medtronic (NYSE:MDT) shares ticked up before hours today on second-quarter results that topped the consensus forecast. The Fridley, Minn.-based company posted profits of $494 million, or 36¢ per share, on sales of $7.6 billion for the three months ended Oct. 30, 2020, for a -64% bottom-line slide on a sales decline of 0.8%. Adjusted to exclude […]
Butterfly Network to go public via merger
Butterfly Network announced that it entered into a definitive business combination agreement and will go public with Longview Acquisition Corp. Upon the closing of the deal between Butterfly, a medical imaging technology developer, and Longview, a special purpose acquisition company, the combined company’s Class A common stock is expected to be traded on the New […]
BD adds informatics option to its COVID testing platforms
Healthcare providers who use the Becton Dickinson (NYSE:BDX) BD Veritor Plus and BD Max COVID-19 testing platforms have a new informatics option. BD announced today that it has launched new reporting capabilities for COVID-19 data, enabling its BD Synapsys informatics to generate scheduled reports. BD Veritor Plus is a portable instrument designed to deliver SARS-CoV-2 antigen […]
Canada approves Tandem Diabetes Caree’s advanced hybrid closed-loop insulin pump
Tandem Diabetes Care (NSDQ:TNDM) announced today that Health Canada has approved its t:slim X2 insulin pump with Control-IQ technology. The news comes nearly a year after the U.S. launch of the t:slim X2 with Control-IQ. Get the full story on our sister site Drug Delivery Business News.
3M names first chief equity officer
3M (NYSE:MMM) announced that it created a new leadership role to promote diversity and more, with James Momon assuming that position. Momon will join 3M on Dec. 15 as VP of equity & community and chief equity officer as 3M looks to advance diversity, inclusion, equity and social justice both inside and outside the company, according […]
Chong Kun Dang to sell SkyLabs heart-monitoring ring in Korea
Pharmaceutical company Chong Kun Dang next month will start selling a heart-monitoring ring made by startup SkyLabs, according to Korean media reports. Chong Kun Dang paid ₩2.5 billion ($2.2 million) to SkyLabs for the right to sell the CART-I cardio tracker to consumers in South Korea, The Korea Herald reported today. Worn on a finger, […]
GE Healthcare touts new AI for COVID-19 patients’ breathing tubes
GE Healthcare (NYSE:GE) today unveiled a new artificial intelligence algorithm for assessing endotracheal tube (ETT) placements in COVID-19 patients. Included in GE Healthcare’s Critical Care Suite 2.0, the AI solution helps clinicians assess the ETT placements during the process of ventilating critically ill COVID-19 patients, according to a news release. Critical Care Suite 2.0 uses […]
Boston Scientific’s Lotus layoffs extend to Ireland
Boston Scientific (NYSE:BSX) has reportedly confirmed job losses at its Galway, Ireland, location, following the retirement of the Lotus Edge. Galway Bay FM reported today that the Marlborough, Mass.-based company confirmed the job losses at its Ireland location, adding that Boston Scientific confirmed the job loss will affect fewer than 30 employees. The report said that […]
