Zimmer Biomet (NYSE:ZBH) announced today that the planned spinoff of its spine and dental businesses will be called ZimVie. Spokesperson Laura Driscoll elaborated that “Zim” derives from Zimmer Biomet, the new company’s roots — and “Vie” is the French word for “life,” symbolizing the future. (Abbott used a similar construct with its AbbVie pharma spinoff.) ZimVie’s […]
Dental
Envista selling its KaVo unit to Planmeca for up to $455M
Envista this week announced that it has entered into a binding agreement to sell its KaVo treatment unit and instrument business to Planmeca for up to $455 million. Through the deal, Planmeca will pay up to $455 million with a potential earn-out payment of up to $30 million. The sale is expected to close at […]
SmileDirectClub plummets on missed Q2 projections
SmileDirectClub (NSDQ:SDC) posted second-quarter results this week that missed the overall consensus on Wall Street. Nashville, Tenn.-based teledentistry company reported losses of -$55.3 million, or -14¢ per share, on sales of $162.6 million for the three months ended June 30, for a sales growth of 72.22% compared to Q2 2020. Earnings per share were -14¢, 4¢ […]
Dentsply Sirona slides on Street-beating Q2 results
Dentsply Sirona (NSDQ:XRAY) posted second-quarter results today that beat the overall consensus on Wall Street. The Charlotte, N.C.-based company reported profits of $99 million, or 45¢ per share, on sales of $1.07 billion for the three months ended June 30 for a sales growth of 117.31% compared with Q2 2020. Adjusted to exclude one-time items, earnings […]
Henry Schein beats The Street in Q2 results, raises guidance
Henry Schein (NSDQ:HSIC) today posted second-quarter results that beat the overall consensus on Wall Street. The Melville, N.Y.-based company reported profits of $163.9 million, or $1.10 per share, on sales of $2.9 billion for the three months ended June 26, for a sales growth of 76.2% compared with Q2 2020. Adjusted to exclude one-time items, earnings […]
Align Technology skyrockets on Street-beating Q2
Align Technology (NSDQ:ALGN) shares shot up today on second-quarter results that came in ahead of the consensus forecast. ALGN shares were up 9.4% at $680.27 per share in late-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up 0.9%. The Tempe, Ariz.-based company posted […]
The 18 most innovative medical devices of 2021
The Galien Foundation today announced the nominees for most innovative medical devices for its 15th annual Prix Galien USA Awards. The foundation nominates devices, biotechnology and pharmaceutical products for its annual Prix Galien awards to highlight products designed to improve the human condition. “The Awards Committee is excited to introduce the nominees for the 2021 […]
Align to repurchase $1B of its common stock
Align Technology (NSDQ:ALGN) announced that its board of directors authorized a new stock repurchase program worth up to $1 billion. Tempe, Ariz.–based Align may purchase up to $1 billion of its common stock over the next three years under the repurchase program, according to a news release. Align said the authorization of the repurchase program […]
SmileDirectClub slides on mixed bag Q1
SmileDirectClub (NSDQ:SDC) shares dipped today on first-quarter results that were mixed compared to the consensus forecast. The Nashville, Tenn.-based dental technology company posted losses of $29.9 million, or -25¢ per share, on sales of $188.8 million for the three months ended March 31, 2021, for a -2.3% bottom-line slide on sales growth of 2.6%. Adjusted […]
Dentsply Sirona beats The Street in Q1 results, raises guidance
Dentsply Sirona (NSDQ:XRAY) posted first-quarter results today that beat the overall consensus on Wall Street. The Charlotte, N.C.-based dental equipment manufacturer reported profits of $117 million, or 53¢ per share, on sales of $1.027 billion for the three months ended March 31, versus a loss of –$140 million, or –63¢ per share, off sales of $874 […]
Henry Schein beats The Street in Q1, raises guidance
Henry Schein (NSDQ:HSIC) raised its 2021 guidance after reporting first-quarter financial results that topped the consensus forecast. The Melville, N.Y.-based company posted profits of $166 million, or $1.16 per share, on sales of $2.9 billion for the three months ended March 27, 2021, for a 27.4% bottom-line gain on sales growth of 20.4% year-over-year. Adjusted to […]
