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 […]
Forward Science buys EarAid smart earplugs from Dental Innovations
Forward Science said yesterday that it acquired exclusive rights to earpieces from Dental Innovations for smart earplug technology for dental health providers. The Dental Innovations device, which Forward Science will rebrand as EarAid, is designed to protect dental professionals who are exposed to damaging noise from high-speed handpieces, high-volume suction, ultrasonic instruments, model trimmers and […]
Danaher dental spinout Envista closes $677m IPO
Envista (NYSE:NVST), the dental business spinout from Danaher (NYSE:DHR), last week closed its initial public offering at $677 million, including more than $88 million from the underwriters. Brea, Calif.-based Envista floated nearly 26.8 million shares at $22.00 apiece, grossing $588.9 million, plus more than 4.0 million shares in fully subscribed underwriters option. Net proceeds of about $643.4 million […]
Zimmer Biomet, Align Technology ink distribution deal
Zimmer Biomet (NYSE:ZBH) said yesterday that it entered into a multinational distribution deal with Align Technology (NSDQ:ALGN) for its iTero Element family of intraoral scanners. The companies did not disclose the terms of the agreement, but said the partnership has a goal of delivering multiple digital workflows for dental professionals and laboratories, enabling business-to-business collaboration and offering […]
Danaher dental spinout Envista prices $589m IPO
Envista (NYSE:NVST), the dental business spinout from Danaher (NYSE:DHR), yesterday priced its initial public offering at $589 million, sending its overall valuation well above the $3 billion mark. The spinout, announced in July 2018, will unite the Nobel Biocare, KaVo Kerr and Ormco dental brands under the Envista umbrella. The nearly 26.8-million-share flotation, at $22 per share, is for […]
Danaher dental spinout Envista preps $600m IPO
The dental business spinout at Danaher (NYSE:DHR), Envista, is gearing up for a $600 million initial public offering this week. The spinout, announced in July 2018, will unite the Nobel Biocare, KaVo Kerr and Ormco dental brands under the Envista umbrella. The newly public company, which employs some 12,000 workers, is headquartered in Brea, Calif. Envista […]
SmileDirect Club plunges after IPO
Shares in SmileDirectClub (NSDQ:SDC) regained some of their value this morning after closing down some -28% after their public debut yesterday. Nashville, Tenn.-based SmileDirectClub makes 3D-printed clear dental aligners designed to provide an alternative to traditional braces. The company floated 58.5 million shares at $23 apiece in its $1.35 billion initial public offering yesterday, only to […]
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