Precision medical device components maker Micron Solutions reported improvements with its finances during the first three months of 2017–even as it faced challenges related to validation requirements. “We have made several improvements in quality systems, capacity and our ability to meet customer requirements. We believe we have laid a solid foundation for further improvement and […]
Contract Manufacturing
Integer slashes Q1 losses but misses earnings mark
Integer Holdings (NYSE:ITGR) yesterday missed the consensus forecast for its 1st-quarter earnings, despite topping Wall Street’s sales outlook by nearly $11 million. The Frisco, Texas-based medical device OEM reported losses of -$4.3 million, or -14¢ per share, on sales of $345.4 million for the 3 months ended March 31, slashing losses by -65.7% on sales growth […]
TE Connectivity acquires MicroGroup
TE Connectivity has acquired MicroGroup, a Medway, Mass.–based provider of precision metal shafts for medical devices. The deal, which TE Medical SVP and general manager Paraic Curtis announced in a message to customers on May 1, is but the latest in a number of acquisitions TE has made in recent years to strengthen its medical device […]
Stryker picks up controlled substance disposal device maker Cactus
Stryker (NYSE:SYK) said yesterday it acquired all of the assets of controlled substance waste management system maker Cactus, LLC. Cactus produces the Smart Sink, Pharma Lock and Pharma Lock O.R. controlled substance waste management systems designed to render waste which could contain controlled substances unrecoverable and unusable. The Smart Sink system is designed to capture […]
How Boston Sci is getting drug-eluting stents and balloons into legs
Boston Scientific officials think they have a leg up when it comes to bringing drug-eluting technology to bear on peripheral artery disease. That’s because the medical device giant has decades of experience with balloons and drug-eluting stents used around the heart. When it comes to treating the narrowing arteries in the legs and thighs, Boston […]
Medizone to pursue FDA 510(k) for AsepticSure
Medizone said last Friday after meeting with the FDA that it will pursue 510(k) clearance for its AsepticSure portable hospital disinfection system. The system is designed to be turned on from outside the room to be disinfected, enabling the machine to safely fill the room with a disinfecting gas formula. The device later clears the […]
Nelipak acquires Computer Designs
Nelipak said today that it has closed on its buy of thermoforming company Computer Designs (Whitehall, Pa.), which Nelipak will operate under the Nelipak Healthcare Packaging name. Financial terms of the deal were not disclosed. Computer Designs makes thermoformed rigid packaging including trays, clamshells, and blisters, with manufacturing facilities in Pennsylvania, North Carolina, Arizona and Puerto […]
BD launches surgical infection control and prevention program
Becton Dickinson & Co. (NYSE:BDX) said today it is launching the Power in Prevention program which aims to reduce risks of infection during surgical procedures. The Power in Prevention program will use a quantitative process to identify potential risks for infections and provide evidence-based infection control strategies for specific areas of quality improvement in skin prep, […]
MedPlast completes buy of Vention division
MedPlast (Tempe, Ariz.) said today that it has closed on its acquisition of Vention’s medical device manufacturing services division. Financial terms of the deal were not disclosed. The device manufacturing services business has locations in New Jersey, Michigan, Puerto Rico and Costa Rica. “This acquisition is a first and important step in our strategic plan to expand […]
ADM Cleveland: Here are some top medtech manufacturing highlights
The inaugural Advanced Design and Manufacturing is showcasing some of the medical device industry’s top design and manufacturing technology this week at the Huntington Convention Center in Cleveland, Ohio. From manufacturing depression treating machines to dry ice cleaning machines, here are 8 exhibitors you should check out at ADM Cleveland. Next >>
Permira funds to buy contract manufacturer LSNE
Private equity firm Permira announced today that it will acquire Lyophilization Services of New England (LSNE), a contract developer and manufacturer in both the pharmaceutical and medical device industries. Permira is buying the company in partnership with management. LSNE founder and CEO Matt Halvorsen will still hold a significant equity stake in the company and will […]