Baxter continues to streamline, announcing today that it will sell its pharma and biotech contract manufacturing business. The Deerfield, Illinois-based medtech company — maker of diagnostic, critical care, kidney care, nutrition, hospital and surgical products and services — will sell its BioPharma Solutions (BPS) business to private equity firms Advent International and Warburg Pincus. Baxter […]
Contract Manufacturing
Cardinal Health sales grow 12.7% in Q3 despite Medical segment declines
Cardinal Health shares ticked up today on third-quarter results that beat the consensus forecast. Shares of CAH rose 1.5% at $82.06 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 0.5%. The Dublin, Ohio–based company posted profits of $345 million in the […]
Kindeva Drug Delivery names new chief commercial officer
Kindeva Drug Delivery announced today that it appointed David Stevens as its global chief commercial officer (CCO). Stevens’ role includes spearheading the commercial, business development and R&D activities for Kindeva. He aims to ensure continued growth, expansion and innovation from the drug delivery device contract development and manufacturing organization (CDMO). Get the full story at […]
Getinge acquires Ultra Clean Systems for $16M
Swedish medtech company Getinge announced today that it will pay SEK 170 million ($16 million) to acquire Ultra Clean Systems and its ultrasonic cleaning tech. Getinge has already been the exclusive North American distributor of Tampa, Florida–based Ultra Clean Systems’ offerings for nearly a decade. Health providers use ultrasonic cleaning tech in hospitals and surgery […]
Steris stock dives on Q3 misses, slashed 2023 guidance
Steris (NYSE:STE) shares took a hit today — a day after reporting third-quarter results that missed the consensus forecast on Wall Street. Shares of STE dipped more than 9% at $195.42 apiece by midday trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was up more than 10%. The […]
Integer stock down on Q4 prelims, convertible notes plans
Integer Holdings (NYSE: ITGR) stock is down — a day after the medtech contract manufacturing giant released preliminary fourth-quarter numbers. ITGR shares were down more than 7% to $65.30 apiece by midday today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was up more than 9%. Plano, Texas–based Integer […]
Integer Q3 results mixed amid supply chain challenges
Integer Holdings (NYSE:ITGR) today reported third-quarter results that beat The Street on earnings but missed on revenue amid continued supply chain challenges. The Plano, Texas–based medtech contract manufacturing giant had already warned investors early this month. It reported that deteriorating delivery performance and missed commitments from three suppliers would impact Q3 sales by $15 million. […]
Integer revises 2022 outlook amid supply chain woes
Integer (NYSE:ITGR) announced yesterday that it is revising its 2022 financial outlook due to the negative impact of the supply chain environment. Shares of ITGR took a massive hit today after yesterday’s post-market close announcement. They slid down 12.1% at $58.27 apiece in midday trading. Plano, Texas-based Integer said in a news release that its […]
Enovis opens new manufacturing plant in Austin
Enovis (NYSE:ENOV) announced that it opened a state-of-the-art manufacturing facility in Austin, Texas last week. The company held a ribbon-cutting ceremony for the facility’s opening on Sept. 27. President of Enovis Surgical, Louis Vogt, and VP of Operations, Shayne Myhand, attended the event. The 40,000-square-foot ISO 9001-certified center complements Enovis’ existing 75,000-square-foot manufacturing facility. Wilmington, […]
OraSure Technologies receives $8.6M contract to develop next-gen Ebola test
OraSure Technologies (Nasdaq:OSUR) announced today that received a government contract to develop a second-generation Ebola diagnostic. The Biomedical Advanced Research and Development Authority (BARDA) issued the company the $8.6 million contract. Bethlehem, Pennsylvania-based OraSure is to develop the test on its OraQuick testing platform. Its aim is to improve sensitivity, increase shelf life, introduce new […]
Report: J&J Vision spending €100 million to expand Irish facility
J&J Vision reportedly plans to invest €100m in the expansion of its Plassey, Limerick, Ireland facility. The Irish Examiner reported last week that the company plans to expand and create 80 new jobs at the location. In March, the company announced a €35 million investment in the same facility. That cash infusion aimed to create […]
