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Contract Manufacturing

Haemonetics completes move to new Pennsylvania manufacturing facility

June 24, 2022 By Sean Whooley

Haemonetics (NYSE:HAE) announced today that it fully commenced operations at its new manufacturing center in Clinton, Pennsylvania. Boston-based Haemonetics previously operated at a manufacturing plant in nearby Leetsdale, Pennsylvania, from 1990 until now. According to a news release, the custom-built facility constitutes approximately 200,000 square feet in Clinton Commerce Park near Pittsburgh International Airport. Initial […]

Filed Under: Blood Management, Business/Financial News, Contract Manufacturing, Featured, News Well Tagged With: Haemonetics

Cardinal Health opens new distribution center in Ohio

June 2, 2022 By Sean Whooley

Cardinal Health (NYSE:CAH) announced today that it added a new distribution center in the Columbus, Ohio, area. Dublin, Ohio–based Cardinal Health’s new distribution center, which folds into its multi-year warehouse modernization and growth strategy, will support its at-home solutions business that provides medical supplies for comfortable care in the home for those with chronic and serious […]

Filed Under: Business/Financial News, Contract Manufacturing, Distribution, News Well Tagged With: Cardinal Health, Ohio

‘Catastrophic explosion’ and resin shortage led Medtronic’s supply chain problems

May 26, 2022 By Jim Hammerand

Medtronic CEO Geoff Martha today said a “catastrophic explosion” in Medtronic’s supply chain for packaging and a shortage of resins were the biggest issues hurting the company’s fourth-quarter performance. Fridley, Minnesota-based Medtronic (NYSE:MDT) reported about $350 million less in sales than analysts were expecting for the quarter, which ended April 29. Martha said about 75% of […]

Filed Under: Blog, Business/Financial News, Featured, MassDevice Earnings Roundup, News Well, Outsourcing, Robotics, Surgical Tagged With: Medtronic, resin, semiconductor, supply chain

Entegris opens Life Sciences Technology Center in Massachusetts

May 24, 2022 By Sean Whooley

Entegris (Nasdaq:ENTG) announced today that it opened a new Life Sciences Technology Center in Billerica, Massachusetts. The new Life Sciences Technology Center was built to offer life sciences customers the opportunity to leverage Entegris’ cold-chain supply expertise to optimize processes, reduce costs and increase speed to market. Get the full story at our sister site, […]

Filed Under: Business/Financial News, Contract Manufacturing, Pharmaceutical Tagged With: Entegris

Henry Schein hires former Medline veteran to drive ‘One Distribution’ push

May 17, 2022 By Jim Hammerand

Henry Schein (Nasdaq:HSIC) today named Dirk Benson as VP and chief commercial officer of the medical device manufacturer and distributor’s North America Distribution Group (NADG). Melville, New York-based Henry Schein is the world’s largest provider of health care supplies and services for office-based dental and medical practitioners, and NADG is the company’s largest business group. […]

Filed Under: Blog, Business/Financial News, Contract Manufacturing, Dental, News Well Tagged With: Henry Schein, medline industries, Medline Industries Inc.

Texas power grid struggles a year after cold stopped semiconductor plants

May 16, 2022 By Jim Hammerand

A heatwave in Texas took at least six power plants offline Friday, with high temperatures forecasted to blaze throughout this week. A record cold snap in February 2021 took NXP Semiconductors and Samsung chip fabrication facilities offline for weeks, contributing to a global semicondcutor shortage that is still throttling medical device production. There’s no indication […]

Filed Under: Blog, Contract Manufacturing, Featured, News Well Tagged With: NXP Semiconductors, samsung, semiconductors, supply chain, Texas Instruments

Steris rises on Street-beating Q4, sets fiscal 2023 guidance

May 12, 2022 By Sean Whooley

Steris (NYSE:STE) shares ticked up today on fourth-quarter financial results that came in just ahead of the consensus forecast. The infection prevention technology company — headquartered in Dublin, Ireland and run operationally out of Mentor, Ohio — posted profits of $52.3 million, or 52¢ per share, on sales of $1.2 billion for the three months ended […]

Filed Under: Business/Financial News, Contract Manufacturing, Dental, MassDevice Earnings Roundup, Sterilization / Calibration, Wall Street Beat Tagged With: Steris Corp.

FDA warns of potential toxic risk from Fresenius hemodialysis machines

May 9, 2022 By Jim Hammerand

The FDA is evaluating the risk of exposure to toxic chemicals from silicone tubing used in Fresenius Medical Care (NYSE: FMS) hemodialysis machines. The investigation concerns three models of Fresenius hemodialysis machines: the 2008T, 2008K2, and 2008K. The chemicals — non-dioxin-like (NDL) polychlorinated biphenyl acids (PCBAs) and NDL polychlorinated biphenyls (PCBs) — are in the […]

Filed Under: Blog, Dialysis, Food & Drug Administration (FDA), Materials Testing, News Well, Regulatory/Compliance Tagged With: FDA, Fresenius Medical Care

The cloud is transforming medtech: Amazon, Microsoft, Google, J&J, Philips and GE Healthcare leaders explain

May 6, 2022 By Jim Hammerand

Leaders in medtech and cloud computing discuss payoffs and potential in device connectivity, product development and cross-industry partnerships. If knowledge is power, that power comes from a steady stream of information, and we know there’s no shortage of that in healthcare. The challenge has long been how to capture that information, store it, analyze it […]

Filed Under: Big Data, Blog, Digital Health, Electronic Medical Records (EMR), Featured, Health Information Technology, Health Technology, Imaging, Implants, News Well, Outsourcing, Patient Monitoring, Software / IT Tagged With: AI, Amazon, artificial intelligence, Cloud, cloud computing, GE Healthcare, Google, Johnson & Johnson, machine learning, Microsoft, Philips

Cardinal Health slides on missed Q3 EPS projections, supply chain-related headwinds

May 5, 2022 By Sean Whooley

Cardinal Health (NYSE:CAH) shares took a hit today on third-quarter results that missed the consensus earnings forecast. CAH shares were down 5.3% at $57.30 per share in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down 3.1%. Today, the Dow Jones Industrial Average […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Cardinal Health

Meet a wide range of medical device suppliers at DeviceTalks Boston

May 5, 2022 By Chris Newmarker

DeviceTalks Boston is shaping up to be a great chance not only to hear from top medtech leaders and network with more than 700 industry insiders — but also to meet the dozens of medical device industry suppliers exhibiting on the show floor. Exhibitors at the Boston Convention and Exhibitor Center — May 10–11, 2022 —  include contract […]

Filed Under: Contract Manufacturing, Featured Tagged With: DeviceTalks Boston

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