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 […]
Contract Manufacturing
Cardinal Health opens new distribution center in Ohio
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 […]
‘Catastrophic explosion’ and resin shortage led Medtronic’s supply chain problems
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 […]
Entegris opens Life Sciences Technology Center in Massachusetts
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, […]
Henry Schein hires former Medline veteran to drive ‘One Distribution’ push
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. […]
Texas power grid struggles a year after cold stopped semiconductor plants
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 […]
Steris rises on Street-beating Q4, sets fiscal 2023 guidance
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 […]
FDA warns of potential toxic risk from Fresenius hemodialysis machines
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 […]
The cloud is transforming medtech: Amazon, Microsoft, Google, J&J, Philips and GE Healthcare leaders explain
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 […]
Cardinal Health slides on missed Q3 EPS projections, supply chain-related headwinds
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 […]
Meet a wide range of medical device suppliers at DeviceTalks Boston
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 […]
