Masimo (NSDQ:MASI) announced today that it commenced the global launch of the iSirona medical device connectivity hub. Irvine, Calif.-based Masimo’s iSirona hub is designed to maximize interoperability across care, with efficiency in physically connecting up to six medical devices at the bedside and automatically routing the data to the company’s Hospital Automation platform. Masimo Root, a […]
Business/Financial News
Thermo Fisher to acquire Mesa Biotech
Thermo Fisher Scientific (NYSE:TMO) today announced it will acquire Mesa Biotech, a privately held molecular diagnostic company, for approximately $450 million in cash. Under the terms of the agreement, Thermo Fisher will pay up to an additional $100 million in cash upon the completion of certain milestones following the close of the transaction. Mesa Biotech has […]
MedTech 100 roundup: Finally a dip as industry stays relatively strong
After three consecutive weeks of record-breaking numbers, medtech industry stocks finally fell backward over the past seven days. MassDevice‘s MedTech 100 index finished last week at 105.8 (Jan. 15), marking a -0.95% drop from the 106.81 points (the highest ever total for the index) registered at the end of the week prior (Jan. 8). Medtech’s […]
These medtech stocks performed the best in 2020
While 2020 did not go as planned for anyone, with the twists and turns came opportunities for medtech companies to power forward. Innovations came both as a result of the COVID-19 pandemic and perhaps in spite of the challenges brought on by the virus, highlighted by the increased efforts to produce vaccines and testing while […]
3M, Honeywell gain antitrust protection to boost N95 mask supply
3M (NYSE:MMM) and Honeywell (NYSE:HON) are among 60 companies and trade groups sharing production, distribution and pricing information under FEMA-led efforts to secure supplies of products needed to combat COVID-19, according to a Wall Street Journal report. The information-trading project, taking place under the Defense Production Act, is protected from antitrust scrutiny. 3M and Honeywell are major […]
TransEnterix raises more than $31M in stock offering
TransEnterix (NYSE:TRXC) announced today that it has raised $31.25 million from several institutional investors in a direct offering of common stock. The offering involves the sale of 25 million shares of TransEnterix common stock at a purchase price of $1.25 per share. The surgical robotics company plans to use the funds for general corporate purposes, including […]
Apple magnetic charger, smartwatch may deactivate Medtronic ICD
A new study in the Heart Rhythm Journal showed a magnetic charger for the iPhone 12 was able to deactivate a Medtronic implantable cardioverter defibrillator (ICD). The iPhone 12 has a circular array of magnets deployed around a central charging coil, making it compatible with the company’s wireless “MagSafe” accessories, according to the study published Jan. 4, […]
EU allows remote audits for medical devices during pandemic
The European Union has announced that it will temporarily allow remote audits of medical devices and in vitro diagnostics under the new regulations (MDR IVDR), set to go into effect on May 2021 and 2022 respectively. In a document published Monday, the European Commission agreed with industry and notified bodies that the ongoing COVID-19 pandemic […]
Smith+Nephew sees Movemedical automating inventory for its sales people
Smith+Nephew (NYSE:SNN) announced today that it has successfully introduced a new field sales operations and inventory automation system in the U.S. in partnership with Movemedical. The new system is meant to help field sales reps better manage their daily inventory operations — and better serve surgeons’ needs — boosting automation and transparency. Real-time data will […]
BD stock up on Street-beating preliminary quarterly revenue numbers
Becton Dickinson (NYSE:BDX) today announced that it brought in $5.3 billion in revenue for its first quarter ended Dec. 31, 2020, beating the nearly $4.7 billion expected by Wall Street analysts. The announcement of the preliminary unaudited Q1 results sent BDX shares up 1.8% to $261.75 apiece by midday trading today. MassDevice’s MedTech 100 Index, which includes […]
Boston Scientific’s preliminary Q4 results show 6.8% revenue decline
Boston Scientific (NYSE:BSX) announced today that its fourth-quarter net sales represent an approximate decline of 6.8% year-over-year. Marlborough, Mass.-based Boston Scientific’s estimation of $2.71 billion in fourth-quarter revenue brings its full-year 2020 sales total to approximately $9.91 billion, marking a 7.7% total decline from 2019. Wall Street analysts on average had predicted $2.86 billion in revenue […]
