SmileDirectClub (NSDQ:SDC) shares skyrocketed following the announcement that its clear aligners are set to be offered through the wholesale channel in dentist and orthodontist offices. The Nashville, Tenn.-based company’s announcement follows the Dec. 31, 2019, expiration of its exclusive supply agreement with Align Technology (NSDQ:ALGN). After yesterday’s announcement, shares of SDC are up 16.24% at $13.60 per […]
Neocis’ Yomi robotic system used in over 1,000 dental implants in 2019
Neocis announced that its Yomi robotics system performed over 1,000 dental implants over the course of 2019. The Yomi is a computerized navigational system designed to assist in both pre and intra-operative phases of dental implantation surgery, the Miami, Fla.-based company said. The system uses haptic robotic technology, which constrains the drill’s position, orientation and […]
Danaher completes spinoff of dental business into Envista
Danaher (NYSE:DHR) today announced the completion of split-off exchange offer of all the shares of the common stock belonging to its dental business spinout Envista (NYSE:NVST). The Envista common stock held by Danaher is slated to be exchanged for shares of Danaher’s common stock. Danaher accepted an aggregate of more than 22.9 million shares of Danaher common […]
Biolase lands 510(k) for dental hygiene laser
Biolase (NSDQ:BIOL) this week announced it has received FDA 510(k) clearance for its Epic Hygiene dental laser. The laser system allows dental hygienists to manage non-surgical periodontitis and increase clinical production. It offers a step-by-step clinical protocol with pocket therapy and perio debridement for easy implementation. “We were thrilled to announce the launch of the Epic […]
Danaher lists offering of Envista stock
Danaher (NYSE:DHR) initiated an offer to exchange nearly 130 million shares of common stock of its dental business spinout Envista (NYSE:NVST). In the exchange of up to an aggregate of 127,868,000 shares of Envista stock, which is listed at $27.70 per share in midday trading today, for each $100 of Danaher common stock accepted, approximately $107.53 of […]
SmileDirectClub beats The Street in Q3 results
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. […]
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