Globus Medical (NYSE:GMED) announced that it signed a group purchasing agreement covering its trauma platform with Premier. Audobon, Penn.-based Globus’ agreement with Premier covers the company’s Anthem plating, Autobahn nailing, Arbor external fixation and Captivate screw platforms, according to a news release. “We are very pleased that Premier has selected Globus Medical as a contracted supplier […]
Contract Manufacturing
BREAKING: FDA says Pfizer’s COVID-19 vaccine meets success criteria
The FDA today said that the COVID-19 vaccine candidate made by Pfizer (NYSE:PFE) and BioNTech (NSDQ:BNTX) meets success criteria. Ahead of an advisory meeting on Thursday, Dec. 10, to review the vaccine candidate, the FDA found that data from Pfizer and BioNTech’s trials was “consistent” with its recommendations for emergency use authorization and that the candidate […]
3B Medical wins EUA for mask decontamination in nursing homes
3B Medical announced that it received FDA emergency use authorization (EUA) for the use of its Lumin UVC system for N95 mask decontamination. Lumin is designed for cleaning CPAP accessories but is also used as a multi-purpose sanitizer, 3B Medical said in a news release. The FDA EUA allows for the use of Lumin by healthcare […]
Chembio lands $12.7M from BARDA for point-of-care test
Chembio Diagnostics (NSDQ:CEMI) announced that it received a $12.7 million contract from BARDA for its rapid COVID-19 test. Hauppauge, N.Y.-based Chembio said in a news release that the contract will support the development of and pursuit of FDA emergency use authorization (EUA) for its rapid, multi-plex DPP respiratory antigen panel point-of-care testing system ahead of […]
Steris closes on Key Surgical buy
Steris (NYSE:STE) announced this week that it has closed on its $850 million purchase of Key Surgical, a manufacturer of disposable hospital and surgical products. Mentor, Ohio-based Steris now anticipates that Key Surgical will add about 35% more revenue and adjusted earnings per diluted share in the fiscal year than initially anticipated with a December 31, […]
MedTech 100 roundup: Stocks remain high after record-setting week
Medtech stocks have been on the rise since positive news regarding COVID-19 vaccines broke last week, breaking a record in the process. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 98.99 (Nov. 13), marking a 1.4% uptick from the 97.62 points registered at the […]
Vibalogics to invest $150M in Boston virotherapy facility
Vibalogics announced that it initiated the first phase of its planned $150 million investment in a virotherapy facility near Boston. The global contract development and manufacturing organization (CDMO) has a three-year investment plan which includes building a 110,000 square-foot facility, with the $150 million covering redevelopment, equipment and personnel, according to a news release. Vibalogics […]
Baxter lands major DoD contract
The U.S. Defense Dept. (DoD) announced that it awarded Baxter (NYSE:BAX) $40 million for its infusion pumps and accessories. Baxter’s contract includes a maximum $40 million fixed-price award with economic-price-adjustment and indefinite-delivery/indefinite-quantity for its infusion pumps and accessories. The competitive acquisition had 105 offers received. Get the full story at our sister site, Drug Delivery Business […]
Sotera Health files for $1.1 billion IPO
Sotera Health has filed with the SEC to confirm its intent to raise nearly $1.1 billion in an initial public offering. Broadview Heights, Ohio-based Sotera Health said in the filing out yesterday that it expects to sell 46.6 million shares of its common stock at an assumed IPO price of $21.50 per share, totaling $949.3 […]
Canada to buy 7.6M BD rapid COVID-19 tests
Becton Dickinson (NYSE:BDX) announced that Health Canada authorized its rapid COVID-19 tests and will buy 7.6 million of them. Under interim order, Health Canada authorized BD’s rapid, point-of-care SARS-CoV-2 antigen test for use with the BD Veritor Plus system. The order for 7.6 million tests runs through March 2021 in an effort to support Canada’s planning […]
3M lands $37.5M federal mask contract
The U.S. Department of Defense announced that it issued nearly $37.5 million to 3M (NYSE:MMM) for expanded production of N95 respirators. St. Paul, Minn.-based 3M will receive approximately $37.46 million in a firm-fixed-price modification to expand the production capacity for its N95 respirators, which have been in high demand since the beginning of the COVID-19 pandemic. […]