Dental tech developer Sonendo said today it closed a $35 million equity financing round with funds slated to support the commercialization of its GentleWave alternative root canal treatment system. The round was led by newly vested DiNovA Capital and Henry Crown & Company affiliate CVF, and joined by existing investors Fjord Ventures, OrbiMed Advisors, Meritech […]
Dental
Henry Schein buys 80% stake in Polish dental distributor Marrodent
Henry Schein (NSDQ:HSIC) said today made an 80% equity investment in Polish full-service dental distributor Marrodent. Warsaw, Poland-based Marrodent was founded in 1990, and recorded 2015 sales of approximately $32 million, according to Henry Schein. The company employs 60 sales representatives, and serves approximately 10,000 office-based dental practitioners in the region. “Our partnership comes at a […]
Propel Orthodontics ratchets up patent spat with OrthoAccel Technologies
Propel Orthodontics said today that the U.S. Patent and Trademark Office’s Patent Trial and Appeals Board accepted a petition for an Inter Partes review of a patent spat between it and rival OrthoAccel Technologies. The patent is for OrthoAccel’s AcceleDent, and covers a “vibrating orthodontic remodeling device,” according to court documents supplied by Propel, which […]
Israel’s Sino-Lite picks up dental laser maker Light Instruments
Israeli medical and dental group Sino-Lite said today it acquired formerly Syneron Medical Ltd.-owned (NSDQ:ELOS) dental laser maker Light Instruments for an undisclosed amount. Light Instruments develops and produces dental laser technology for hard and soft tissue treatments, including its flagship LiteTouch laser-in-handpiece non-fibre Er:YAG dental laser device, Sino-Lite said. “The acquisition of Light Instruments […]
NovaBone wins CE Mark for collagen-based dental wound dressings
Bio-active synthetic bone graft company NovaBone said today that it won CE Mark approval in the European Union for its NovaTape and NovaPlug dental wound dressings. The Jacksonville, Fla.-based company said both devices are collagen-based and designed for the management of soft tissue oral wounds and sores, including dental sores, oral ulcers, periodontal surgical wounds, […]
ITC bows out of Align complaint against ClearCorrect, battle to play out in court
The U.S. International Trade Commission last week declined to fight for its authority to regulate data, leaving the battle between Align Technology‘s (NSDQ:ALGN) and ClearCorrect to play out in patent infringement litigation. Both Align and the ITC had until August 26 to appeal a ruling made in November which found that the ITC does not […]
Straumann raises sales growth target after strong first half
(Reuters) – Dental implant maker Straumann Holding on Tuesday raised its sales growth forecast for a 2nd time this year following a strong 1st half and bought an Indian rival to tap into a fast-growing market. The Basel-based company reported a 16% rise in 1st-half revenue to 461.2 million Swiss francs ($480.1 million), beating an average 451 […]
Dentsply Sirona shares slip despite beating expectations in Q2
Dentsply Sirona (NSDQ:XRAY) reported 2nd quarter earnings that topped The Street, but still saw shares tumble in response. The York, Penn.-based company reported profits of $105 million, or 44¢ per share, on sales of $1 billion for the 3 months ended June 30. That amounts to a massive 139% bottom-line gain as sales expanded 46.4% compared […]
Cantel Medical picks up Accutron for $52m
Cantel Medical (NYSE:CMN) said today it acquired Accutron for approximately $52.5 million. Accutron manufactures nitrous oxide delivery systems and single-use nasal masks, and will be folded into the dental portfolio of Cantel’s healthcare disposables segment Crosstex International. “We are pleased to welcome Accutron to the Cantel family. The addition of Accutron’s portfolio of high quality, conscious […]
Dentsply Sirona beats expectations with post-merger Q1
Dentsply Sirona (NSDQ:XRAY) topped expectations with its 1st quarterly results since closing closing the $5.6 billion merger in February created the world’s largest dental equipment maker. York, Pa.-based Dentsply Sirona posted profits of $125.0 million, or 70¢ per share, on sales of $772.6 million for the 3 months ended March 31, for profit growth of 95.3% on sales […]
OrthoAccel closes $12m Series C
OrthoAccel Technologies said today it closed a $12 million Series C funding round to support its AcceleDent orthodontic treatment device. The company’s AcceleDent orthodontic device is designed to accelerate tooth movement using sonic technology. The round was joined by existing institutional equity investors S3 Ventures and Healthpoint Capital as well as new investor Piper Jaffray […]