Siemens Healthineers (ETR: SHL) and Geisinger Health have signed a 10-year deal for Siemens to provide digital health innovations, diagnostic imaging equipment and on-site staff support. Siemens will also provide education and workflow resources to the staff of Danville, Pa.-based Geisinger Health. The contract marks an expansion of a previous relationship between the health system and Siemens. Get the […]
DOJ charges medtech exec with fraud over COVID-19 tests
The U.S. Dept. of Justice announced that it charged Arrayit president March Schena for alleged involvement with fraudulent claims for allergy and COVID-19 testing. In a news release, the DOJ alleged that Schena participated in schemes to mislead investors, manipulate Arrayit’s stock price and conspired to commit health care fraud in connection with the submission […]
Senseonics plummets on big Q1 losses
Senseonics (NYSE:SENS) shares took a large dip today on first-quarter losses that came in well short of the consensus forecast. The Germantown, Md.-based implantable continuous glucose monitor maker posted losses of -$42.6 million, or -21¢ per share, on sales of $31,000 for the three months ended March 31, 2020, for a 45% bottom-line slide on a […]
Hologic says its Q3 financial outlook has improved
Hologic (NSDQ:HOLX) announced that the financial outlook for its current fiscal third quarter has improved since it reported its second-quarter results. In April, Hologic reported profits of $94.8 million, or 36¢ per share, on sales of $756.1 million for the three months ended March 28, falling in line with Wall Street projections. In the company’s report, […]
U.S. senators demand investigation of Trump COVID-19 supply chain effort
Three U.S. senators today demanded an investigation into Project Air Bridge, a Trump administration supply chain management project to import personal protective equipment (PPE) and other medical supplies during the COVID-19 pandemic. Dubbing the project “opaque,” U.S. Senators Elizabeth Warren (D-Mass.), Chuck Schumer (D-N.Y.) and Richard Blumenthal (D-Conn.) also released new documents and information from […]
InspireMD raises $10.7m
InspireMD (NYSE:NSPR) announced today that it entered into an underwriting agreement to raise $10.7 million. According to a news release, InspireMD entered into the underwriting agreement on June 3 with A.G.P./Alliance Global Partners in the offering of more than 7.6 million units consisting of one share of InspireMD’s common stock and one Series F warrant to […]
Glaukos announces $200m offering
Glaukos (NYSE:GKOS) announced today that it intends to offer convertible senior notes worth $200 million in a private offering. San Clemente, Calif.-based Glaukos is offering the notes, due in 2027, only to qualified institutional buyers with a 13-day option for initial purchasers to purchase up to an additional $30 million in notes, according to a news […]
MedTech 100 roundup: Stocks stand pat in June’s first week
While the markets experienced some growth over the past week, stocks in the medtech industry remained practically unchanged over seven days. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 87.15 points at the end of last week (June 5). That total represents just a -0.02-point decrease […]
Abbott shares take hit after Goldman Sachs lowers rating
Abbott (NYSE:ABT) shares took a hit this week after Goldman Sachs reduced its rating on the stock to sell, from neutral. The dip also comes on the back of an urgent field safety notice warning on issues with the TactiCath quartz contact force ablation catheter. According to The Street, Goldman Sachs advised investors on June 1 […]
Owens & Minor announces offers worth $240m
Owens & Minor (NYSE:OMI) announced that it commenced offers to purchase outstanding senior notes that could total up to $240 million. The tender offers to purchase the senior notes include the Mechanicsville, Va.-based company’s 3.875% notes due in 2021 ($233.1 million aggregate amount outstanding) and 4.375% senior notes due in 2025 ($275 million outstanding, plus $15 […]
Cantel Medical up on Street-beating Q3
Cantel Medical (NYSE:CMD) shares ticked up today on third-quarter financial results that came in ahead of the consensus forecast. The Little Falls, N.J.-based infection prevention products and services company posted profits of $15.8 million, or 37¢ per share, on sales of $236.9 million for the three months ended April 30, 2020, for a 93.1% bottom-line gain […]
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