Neocis yesterday said it pulled down $30 million for the Yomi robotic guidance system for dental implant procedures it developed. Miami-based Neocis, which won 510(k) clearance from the FDA for Yomi in 2017, said it plans to use the proceeds on commercialization and R&D. Existing investors, including Mithril Capital Management, backed the round, joined by […]
Sonendo raises another $17m for acoustic-based root canal treatment tech
Sonendo has brought in $17 million — its latest multimillion-dollar money raise as it expands marketing of its GentleWave system that uses acoustic energies to better clear out a tooth’s root canal system. The roughly $17 million matches the full amount that Laguna Hills, Calif.–based Sonendo was seeking to raise, according to a Form D […]
Dentsply Sirona inks $116m private placement in Japan
Dentsply Sirona (NSDQ:XRAY) this week inked a private placement deal with Japanese investors that’s worth about $116.4 million. The ¥12.6 billion offering consists of Series W 0.99% senior notes due in 2031, which are slated for issue Sept. 25. The York, Pa.-based dental products giant said it plans to use the proceeds to refinance existing […]
Dentsply Sirona shares rise on Q1 EPS, sales beat
Shares in Dentsply Sirona (NSDQ:XRAY) are rising today after the dental-focused medical device maker beat expectations on Wall Street with its first quarter earnings results. The York, Penn.-based company posted profits of $39.2 million, or 17¢ per share, on sales of $946.2 million for the three months ended March 31, seeing profits shrink 51.7% while sales […]
SmileDirectClub inks deal to offer clear aligners, products through select CVS locations
CVS (NYSE:CVS) today announced plans to launch SmileDirectClub SmileShops within CVS pharmacy locations which will offer the orthodontic-focused device maker’s clear aligner systems and other products. Woonsocket, R.I.-based CVS said that both it and Nashville, Tenn.-based SmileDirectClub have already run a successful pilot of the stores, and that new SmileShops will launch at hundreds of […]
Align Technology puts $31m price tag on forced retail store closures
Align Technology (NSDQ:ALGN) yesterday put a price tag of as much as $31 million on the forced closure of its Invisalign retail outlets after losing arbitration with SmileDirectClub last month. The March 4 decision required San Jose, Calif.-based Align Technology to close the stores by April 3 and enjoined it from opening new Invisalign stores or […]
Align Tech, ClearCorrect parent co Straumann bury the hatchet, ink distro deal
Align Technology (NSDQ:ALGN) said today that it inked a deal with competitor ClearCorrect parent company Straumann Holding to settle all outstanding patent disputes between the companies. The deal includes a $35 million payment from Switzerland-based Straumann, as well as a 5-year global distribution deal through which Straumann will distribute 5,000 of San Jose, Calif.-based Align Tech’s iTero Element […]
3m settles dental crown case for $33m
3M Cos. (NYSE:MMM) agreed to settle a proposed class-action lawsuit brought over alleged defects in its Lava Ultimate dental crown product. The lawsuit, filed in May 2016 in the U.S. District Court for Minnesota by 39 dentists who used the Lava Ultimate crowns, alleged that they failed at rates that were “orders of magnitude higher […]
Carbon debuts dental technology platform
3D printing company Carbon unveiled an integrated technology platform for the dental market this week at the International Dental Show in Cologne, Germany. The platform combines software, hardware and materials in an end-to-end solution designed to meet the needs of dental and orthodontic labs and enable them to scale quickly and economically, according to the Redwood […]
Align Tech to close InvisAlign stores as result of arbitration with Smile Direct Club
Align Technology (NSDQ:ALGN) said today that it is closing its Invisalign stores due to the outcome of arbitration with SmileDirectClub. San Jose, Calif.-based Align Technology, known for its clear orthodontic alignment devices, said that it will close its Invisalign stores by April 3. The stores were first piloted in 2017 and have since expanded into 12 […]
Cantel Medical closes $32m Omnia buy
Cantel Medical (NYSE:CMD) said today that it closed its $31.9 million acquisition of Italian dental surgical consumable maker Omnia for an undisclosed amount. Omnia owns a portfolio of sutures, irrigation tubing and customized dental surgical procedure kits, Little Falls, N.J.-based Cantel said. The newly acquired company’s products are intended for use across a number of dental […]
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