BD (NYSE:BDX) announced today that it has commenced tender offers to use cash to buy up to $500 million in debt securities from their holders. The move comes nearly five months after BD said it was making tender offers for notes worth up to $200 million. Just last week, BD released Q3 results that beat […]
Business/Financial News
ViewRay moves HQ to Denver
ViewRay today announced it is moving its headquarters to Denver to support the future growth of its cancer treatment systems. The radiation therapy system maker in 2019 established an office in Denver that employed fewer than 10 people. It workforce in the area has since grown to over 50 employees as the company has expanded […]
Abbott is looking to address biases for cardiovascular patients
Earlier this year, Abbott’s (NYSE:ABT) vascular business released a supplement on gender and racial biases in cardiovascular care. According to the 2021 ACC/AHA/SCAI guidelines for Coronary Artery Revascularization, women are less likely to receive cardiac catheterization and more likely to have worse outcomes than their male counterparts. They’re also less likely to be recommended for […]
How DermaSensor aims to expand access to accurate skin cancer detection
The company’s innovative DermaSensor device could save lives with early skin cancer detection capabilities. With tens of thousands of deaths each year in the U.S. attributable to skin cancer, 99% of deaths from melanoma — the most deadly skin cancer — are avoidable if detected at an early stage, Cody Simmons says. That’s where DermaSensor […]
3M announces upgrades to wound therapy tech
The 3M (NYSE:MMM) Health Care’s medical solutions business announced upgrades to advance the delivery of certain wound care technologies. A new 3M Veraflo Cleans Choice Complete dressing kit and a software upgrade for the 3M VAC Ulta therapy unit were introduced at no increased cost to the customer. 3M said in a news release that […]
Internal investigation continues at Dentsply Sirona
The Dentsply Sirona (Nasdaq:XRAY) board’s audit committee continues to work with independent counsel and advisors to investigate potentially questionable financial practices. The Charlotte, North Carolina–based dental products and technologies company announced yesterday that it is still unable to file official quarterly reports. It’s notified the Nasdaq markets that it cannot meet a previously agreed upon […]
Neurostim tech developer Helius Medical prices $18M offering
Helius Medical Technologies (Nasdaq:HSDT) announced today that it priced a public offering of common stock worth $18 million. Newtown, Pennsylvania-based Helius, which develops the PoNS (portable neuromodulation stimulator), is offering 24 million shares of Class A common stock and warrants to purchase up to 36 million shares of Class A common stock at a purchase […]
Abbott, WeightWatchers partner on diabetes care
Abbott (NYSE:ABT) announced that it entered into a strategic partnership with WeightWatchers to help people living with diabetes. The companies will work together to integrate WeightWatchers’ diabetes-tailored weight management program with Abbott’s FreeStyle Libre continuous glucose monitoring (CGM) products to help them better understand and manage their diabetes and weight. According to a news release, the […]
Inari Medical to promote COO into CEO spot
Inari Medical (Nasdaq:NARI) announced this week that Drew Hykes will succeed Bill Hoffman as the company’s CEO. Hykes, who currently serves as COO at the venous-specific devices company, will succeed Hoffman, effective Jan. 1, 2023. He will also join Inari’s board, while Hoffman will continue to serve on the board as well. “Drew is a […]
Orthofix lowers full-year revenue guidance on missed Q2 results
Orthofix (Nasdaq:OFIX) this week reported second-quarter results that missed the overall consensus on Wall Street. The Lewisville, Texas-based orthopedic device maker reported profits of $2.5 million, or 12¢ per share, on sales of $118.1 million for the three months ended June 30, for a bottom-line gain of 2.9% on sales loss of 2.74%. Adjusted to […]
Alphatec stock is up on 36% sales growth in Q2
Alphatec (NSDQ:ATEC) shares rose today on second-quarter results that were mixed compared to the consensus forecast. The Carlsbad, California–based spine surgery device company posted losses of $37.3 million, or 36¢ per share, on sales of $84.2 million for the three months ended June 30, 2022, for a nearly $1 million bottom-line gain despite remaining in […]
