Intuitive (Nasdaq: ISRG) posted first-quarter financial results that fell short of the consensus forecast on Wall Street for earnings, but exceeded analysts’ expectations for sales. CEO Gary Guthart and CFO Jamie Samath discussed their efforts to address inflationary and supply chain challenges, with sole-source suppliers on their minds as they ramp up manufacturing capacity. (Go […]
Contract Manufacturing
Moody’s warns of cybersecurity, antitrust and supplier risks for medical device companies
Medical device companies face heightened cybersecurity burdens, antitrust enforcement and supplier risks, according to a new report out of Moody’s. The research firm’s previous quarterly report in February called attention to continued supply chain and labor problems for medtech. The report flagged legislative proposals for new rules and regulations on medical device developers and manufacturers, including new […]
Integer buys Aran Biomedical for $131.1 million
Integer (NYSE:ITGR) announced today that it acquired Connemara Biomedical and its subsidiaries Aran Biomedical and Proxy Biomedical (collectively “Aran”). Aran offers development and manufacturing solutions for implantable medical devices, including proprietary medical textiles, high-precision biomaterial coverings and coatings, and advanced metal and polymer braiding. Get the full story at our sister site, Medical Design & Outsourcing.
New M1 MedTech accelerator opens applications for first cohort
The new M1 MedTech accelerator is now taking applications from early-stage medical device developers for its first fall cohort. The program — sponsored by contract research organization Proxima Clinical Research, based in Houston’s Texas Medical Center — said it has closed its first fund and wants “five to seven of the most promising early-stage medical […]
Getinge wins new infection control contract with HealthTrust
Getinge announced today that national group purchasing organization HealthTrust awarded it an infection control contract. According to a news release, the HealthTrust contract allows the organization’s members to have access to Getinge’s infection control product portfolio for the first time in more than a decade. “We are proud that HealthTrust has awarded their respected infection […]
Abbott, LISC to invest $37.5M to address diversity, equity gaps in healthcare industry
Abbott (NYSE:ABT) and the Local Initiatives Support Corporation (LISC) announced a collaboration to address inequities in healthcare. Through a $37.5 million initiative, Abbott and LISC plan to provide diverse small businesses with the tailored growth capital, loans and support they need to compete, grow and create jobs. According to a news release, the initiative supports […]
FDA’s $8.4B budget request includes supply chain, pandemic prep and cancer funding
The FDA today said it wants a $2.1 billion funding bump as it released details of its $8.4 billion budget request for fiscal year 2023, which starts Oct. 1, 2022. The budget request includes full funding of the agency’s fiscal 2022 budget request, plus new programs and initiatives that would affect medical device developers and […]
Sterifre Medical prepares to launch its Aura desktop disinfection device
Sterifre Medical is demonstrating its Aura device and courting investors as it prepares to launch the automatic point-of-care disinfection system. The Aura is a portable machine that circulates hydrogen peroxide and activated oxygen with the push of a single button to disinfect stethoscopes, sensors, pumps, tablets, phones, keys, badges and anything else you can fit […]
Integer’s longtime board chair set for departure; replacement named
Bill Sanford will retire as chair of the Integer Holdings (NYSE: ITGR) board of directors at the end of the company’s annual shareholder meeting on May 18, the company said today. The Plano, Texas-based medical device outsource manufacturer said its board plans to appoint former AdvaMed CEO Pam Bailey as the next chair. Bailey has […]
Cardinal Health officials think their new surgical drape could reduce contamination
Cardinal Health (NYSE:CAH) said today that it has launched the first surgical incise drape using the antiseptic chlorhexidine gluconate (CHG). Dublin, Ohio-based Cardinal Health’s surgical drape includes Avery Dennison Medical’s patented BeneHold CHG adhesive technology designed to reduce the risk of contamination with organisms typically associated with surgical site infections. The company said it designed […]
Stanford startup hires Elbit’s KMC to get blood ammonia device approved and manufactured
Aza Technology has hired Elbit Systems of America’s KMC Systems medical instruments division to get the startup’s rapid blood ammonia detector approved by regulators and ready for manufacturing. Aza Technology developed the rapid ammonia monitoring device (AMD) with Stanford University and Stanford Hospital to detect hyperammonemia, which can lead to irreversible neurological damage, coma and […]