The World Health Organization (WHO) reportedly warned that a massive shortage of syringes for COVID-19 vaccines could be on the horizon. Reuters reported that WHO expert Lisa Hedman told a United Nations briefing that the potential shortage of 1 billion to 2 billion syringes could slow down routine immunizations and create issues with needle safety along […]
Contract Manufacturing
Medtronic targets supply chain for greenhouse gas emission reductions
Medtronic (NYSE:MDT) plans to reward suppliers that help reduce greenhouse gas emissions throughout its supply chain, citing “the risks that climate change poses to human health and long-term global financial stability.” Fridley, Minnesota-based Medtronic said the efforts will help the biggest company in medtech achieve net zero emissions across scopes 1, 2, and 3 — […]
Phillips-Medisize, Exact Sciences to collaborate on colorectal cancer screening
Phillips-Medisize and Exact Sciences (NSDQ:EXAS) today announced a collaboration to advance early cancer detection. The collaboration centers around Exact Sciences’ Cologuard, the first and only FDA-approved, non-invasive stool DNA screening test for colorectal cancer, according to a news release. Phillips-Medisize, a Molex company, said the collaboration will seek to focus on the patient experience through […]
Philips wants its suppliers to get serious about climate change
Philips (NYSE: PHG) wants at least half of its supply purchasing to come from companies that commit to science-based targets to reduce carbon dioxide emissions by 2025. The health technology company said yesterday that the initiative would be seven times more impactful than Philips’ own carbon dioxide emission reductions. The move comes as medical device […]
Pfizer to provide 50M COVID-19 vaccines for U.S. children
Pfizer (NYSE:PFE) and BioNTech (NSDQ:BNTX) announced today that the U.S. bought 50 million more doses of its COVID-19 vaccine. The U.S. purchased the additional doses of the vaccine in its effort to support preparedness for pediatric vaccinations as it seeks authorization for use in younger adolescents and children. Get the full story at our sister site, Drug Discovery […]
Proto Labs stock dives on Q3 earnings miss
Proto Labs (NYSE:PRLB) stock dropped more than 18 percent after the digital manufacturing service provider reported third-quarter earnings that missed Wall Street’s expectations. Maple Plain, Minnesota-based Proto Labs this morning reported earnings of $4.8 million (or 17¢ per share) off sales of $125.3 million. That’s a 67% decrease from Q3 2020’s earnings of $14.7 million (55¢ […]
Integer beats The Street in Q3, plans to acquire Oscor
Integer Holdings (NYSE:ITGR) posted third-quarter results today that beat the consensus forecast on Wall Street — and announced plans to spend $220 million to acquire Oscor. The Plano, Texas–based medtech contract manufacturing giant plans to finance the acquisition with debt. Integer officials expect the deal to close in December under customary closing conditions. They see […]
West Pharmaceutical Services beats Street in Q3, raises guidance
West Pharmaceutical Services (NYSE:WST) shares rose slightly today on third-quarter results that topped the consensus forecast. The Exton, Pennsylvania–based maker of injectable drug packaging and delivery systems posted profits of $175.6 million, or $2.31 per share, on sales of $706.5 million for the three months ended Sept. 30, 2021, more than doubling its bottom-line on sales […]
3M beats The Street in Q3 as healthcare sales increase year-over-year
3M (NYSE:MMM) shares rose slightly today on third-quarter results that topped the consensus forecast. The Maplewood, Minnesota-based company posted profits of $1.4 billion, or $2.45 per share, on sales of $8.9 billion for the three months ended Sept. 30, 2021, for a 0.3% bottom-line gain on sales growth of 7.1%. Earnings per share registering at $2.45 […]
HHS, DOD invest more than $562M to increase COVID-19 test manufacturing
The U.S. Department of Health & Human Services (HHS) and Department of Defense (DOD) have awarded more than $562 million for COVID-19 test manufacturing. The funding — part of the American Rescue Plan to boost manufacturing of key products that increase domestic testing supply — went to a dozen U.S. companies to support the production […]
Phillips-Medisize expands its global manufacturing capacity
Phillips-Medisize announced today that it expanded its global manufacturing capacity through several collaborations and internal initiatives. Hudson, Wisconsin-based Phillips-Medisize, a Molex company, said its global reach now encompasses 36 world-class facilities with scalable, end-to-end capabilities tailored to help customers bring products to market quickly and efficiently from anywhere in the world. Get the full story […]