SmileDirectClub (NSDQ:SDC) posted third-quarter results that beat the consensus on Wall Street. The Nashville, Tenn.-based company reported losses of -$387.6 million, or -89¢ per share, on sales of $180.2 million for the three months ended Sept. 30, 2019, for a bottom-line gain of 2484% sales growth of 50.5% compared with Q3 2018. Adjusted to exclude one-time […]
FDA panel wants info on metal implant reactions
This article has been updated with a link to the FDA webcasts of the proceedings. An FDA panel will meet this week to discuss immunological responses to medical device implants made of metal, including artificial hips and the Essure permanent birth control device. The Immunology Devices Panel of the agency’s Center for Devices and Radiological […]
Dentsply Sirona raises guidance as Q3 earnings beat The Street
Dentsply Sirona (NSDQ:XRAY) shares are up today on third-quarter results that topped the consensus forecast. The York, Pa.–based dental equipment maker posted profits of $85 million, or 38¢ per share, on sales of $962.1 million for the three months ended Sept. 30, tripling its bottom line from the same quarter last year on sales growth of […]
Biolase prices $9m offering
Biolase (NSDQ:BIOL) has priced an underwritten public offering of its common stock worth approximately $8.5 million. The offering, priced yesterday, includes more than 7.8 million shares of common stock at about 58¢ per share, plus a 30-day over-allotment option for the additional purchase of up to nearly 1.2 million shares at the public offering price. The […]
Align Technology dives on missed Q2 earnings
Align Technology (NSDQ:ALGN) shares jumped today on third-quarter results that topped the consensus forecast. The San Jose, Calif.-based company posted profits of $102.5 million, or $1.28 per share, on sales of $607.3 million for the three months ended Sept. 30, for a 1.6% bottom-line gain on sales growth of 20.2%. Adjusted to exclude one-time items, earnings […]
Envista beats on earnings, misses on revenues with first quarterly report
Envista (NYSE:NVST), the Danaher (NYSE:DHR) dental spinout, today post third-quarter results that beat the consensus forecast on earnings but missed the revenues mark, in its first quarterly report since going public last month. Brea, Calif.-based Envista put up profits of $62.1 million, or 48¢ per share, on sales of $659.3 million for the three months ended Sept. […]
Schein escapes FTC buying group probe
Henry Schein (NSDQ:HSIC) said yesterday that the U.S. Federal Trade Commission dismissed claims that it conspired with competitors to avoid giving discounts to buying groups representing dental practitioners. In February 2018, the FTC filed a complaint against Schein, Patterson (NSDQ:PDCO) and Benco alleging violations of U.S. antitrust law by conspiring to refuse to provide such discounts or to […]
Swift Health raises $45m Series C for Inbrace orthodontics
Swift Health Systems said yesterday that it raised $45 million in Series C funding for the commercialization of its Inbrace orthodontics. The Inbrace aligner is designed to use an all-digital platform with wire and bracket designs to dictate a path for tooth movements, resulting in efficiency and reduced treatment time. Inbrace Smartwires are programmed with […]
Cantel Medical closes Hu-Friedy buy
Cantel Medical (NYSE:CMD) said today that it closed the buyout of dental instruments maker Hu-Friedy. Little Falls, N.J.-based Cantel said it put up about $719.4 million up front, consisting of $665 million in cash and 751,471 shares of its stock, which were worth about $54.4 million at yesterday’s $72.38 closing price. The deal also includes $50 […]
FDA clears new drill for Neocis Yomi robot-assisted dental surgery device
Neocis said yesterday that it received FDA 510(k) clearance for a new robot-assisted drill to be used with its Yomi dental surgery system. The Miami-based company said the clearance will lead to an easier workflow and provide enhancements to the surgeons’ drilling experience. Yomi won FDA clearance in March 2017 for dental implant procedures, becoming […]
FDA plans advisory panel on metal implants, dental alloys
The FDA is slated to hold an advisory panel meeting to discuss immunology concerns about metal implants and dental alloys. The Immunology Devices Panel meeting of the Medical Devices Advisory Committee is scheduled for Nov. 13-14 of this year to discuss the use of the materials and assess the adequacy of current approaches and standards […]
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