Shares in Zimmer Biomet (NYSE:ZBH) rose today after the medical device maker posted second quarter earnings that topped expectations on Wall Street. The Warsaw, Ind.-based company posted profits of $184.9 million, or 90¢ per share, on sales of $2 billion for the three months ended June 30, for bottom-line growth of 0.4% while sales grew 3% […]
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Novo Nordisk exec: In the digital age, it’s not enough to have a better molecule
Much of Dr. Todd Hobbs’ life has centered around diabetes – he was diagnosed with Type I diabetes roughly 30 years ago and now he is the father of a child with diabetes. At his Kentucky-based primary care practice, he took on diabetic patients and helped manage their care. And when he made the jump […]
AI-powered wearable health monitor dev Snap40 raises $8m
Scottish wearable health monitor developer Snap40 said today it raised $8 million in seed financing to help support continued development and deployment of its Snap40 device. The round was led by ADV and joined by MMC Ventures and individual investors including Craneware co-founder Gordon Craig, Skyscanner founder Gareth Williams and former Y Combinator COO Qasar […]
Amplifon to pay $615m for Spanish hearing aid retailer Gaes
Amplifon said on Tuesday it inked a deal to acquire Spanish hearing aid retailer Gaes in a deal worth $614.9 million (EU €528 million). Gaes, founded in 1949, is currently the leading hearing aid retailer in Spain and employs approximately 1,800 individuals, with 600 sales points globally. Amplifon touted the company as the largest privately-owned […]
Baxter shares dip despite Q2 earnings beat
Shares in Baxter (NYSE:BAX) have fallen slightly today despite the medical giant beating expectations on Wall Street with its second quarter earnings results. The Deerfield, Ill.-based company posted profits of $343 million, or 63¢ per share, on sales of $2.8 billion for the three months ended June 30, seeing profits grow 29.4% while sales grew 9.1% […]
Omron’s Q1 healthcare sales rise 9%
Omron (TYO:6645) today said that sales for its healthcare division grew nearly 9% during its fiscal first quarter. Kyoto, Japan-based Omron, whose largest segment is its industrial automation business, said healthcare sales rose 8.5% to ¥27.9 billion, or roughly $250.2 million, “stemming from favorable sales of blood pressure monitors, nebulizers and low-frequency therapy equipment.” Overall profits […]
NovoCure’s Q2 sales top forecast, earnings miss
NovoCure (NSDQ:NVCR) shares are under pressure this morning after the company reported second-quarter losses that exceeded estimates. The British firm’s losses fell -26.7% to -$15.5 million, or -17¢ per share, on sales growth of 60.3% to $61.5 million for the three months ended June 30. Get the full story at our sister site, Drug Delivery Business […]
Smith & Nephew gains on Q2 results
Share prices for Smith & Nephew (NYSE:SNN) are up today after the medical device company reported second-quarter numbers that beat expectations. Smith & Nephew posted sales of $1.25 billion during the three months ended June 30, up 4.3% over Q2 2017. The company, which no longer reports first- or third-quarter earnings results, said operating profits […]
Abiomed shares down despite Street-beating FY2019 Q1, Indian Impella approval
Shares in Abiomed (NSDQ:ABMD) have fallen today despite the medical device maker posting earnings that beat expectations by Wall Street for its fiscal year 2019 first quarter and announcing approval of its Impella heart pump in India. The Danvers, Mass.-based company posted profits of $90.1 million, or $1.95 per share, on sales of $180 million for the […]
Boston Scientific delays Spectra WaveWriter trial data release
Boston Scientific (NYSE:BSX) is delayed the timeline for a clinical trial of its Spectra WaveWriter spinal cord stimulation device by nine months, chief medical officer Dr. Ian Meredith said yesterday, hard on the heels of a court decision involving SCS rival Nevro Corp. (NYSE:NVRO). Judge Vince Chhabria of the U.S. District Court for Northern California, who ruled earlier […]
Varian Medical shares rise on Street-beating Q3
Shares in Varian Medical (NYSE:VAR) have risen in after-hours trading today after the medical device maker beat expectations on Wall Street with its third quarter fiscal year 2018 earnings results. The Palo Alto, Calif.-based company posted profits of $72.5 million, or 79¢ per share, on sales of $709.1 million for the three months ended June 29, […]