The General Accounting Office (GAO) took three major federal departments to task today on their coronavirus responses and gave some pointed advice for the future. In a wide-ranging report, the GAO told the Department of Health and Human Services (HHS), the Federal Emergency Management Agency (FEMA) and the Department of Defense (DoD) how to better manage coronavirus-related […]
MedTech 100 roundup: Stagnant week for industry
Medtech stocks made a run at a new peak over the past week, but ultimately remained mostly unchanged from the previous seven days. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 89.3 (Sep. 18), marking a 0.3% gain from the 89.03 points registered at […]
COVID-19 molecular diagnostic test shipments surpass 150M in U.S.
Total U.S. shipments of COVID-19 molecular diagnostic tests have reached more than 150 million, based on the latest data from the AdvaMed COVID-19 testing supply registry. Manufacturers shipped nearly 8.5 million tests per week in August, up from 3.7 million weekly in April, the medtech trade group noted. AdvaMed launched the registry July 21 to aid state and federal pandemic […]
CVS to double drive-thru COVID-19 testing sites
CVS Health (NYSE:CVS) announced today that it plans to add more than 2,000 new COVID-19 drive-thru test sites at select locations around the U.S. Currently, CVS manages the largest number of independently run COVID-19 test sites in the country, according to a news release. It expects that the 2,000 new locations will just about double its […]
Quest lets consumers order COVID-19 tests online
Quest Diagnostics (NYSE:DGX) today announced that consumers will be able to order one of its COVID-19 diagnostics online and collect the specimen at home, without visiting a doctor’s office. QuestDirect Active Infection is also available by drive-through at more than 500 Walmart Neighborhood Market locations. Results are interpreted by a physician and provided digitally through the […]
Illumina may buy back Grail
Illumina (NSDQ:ILMN) may acquire Grail for more than $8 billion — four years after it spun out the cancer detection startup. That’s according to a Bloomberg report out yesterday, which cited people familiar with the matter. Analysts told Bloomberg that the acquisition would put Illumina — a giant in the DNA sequencing space — in direct […]
Report: BD investigating false-positive COVID-19 test results
Reports today say that Becton Dickinson (NYSE:BDX) is investigating false-positive results from its COVID-19 tests in nursing homes. The Wall Street Journal reported this morning that the company is probing reports of false positives from assays analyzed through its handheld, point-of-care Veritor Plus system. A Becton Dickinson spokesperson confirmed that the company is aware that a […]
Siemens, CDC team on standardizing COVID-19 antibody assays
Siemens Healthineers (ETR:SHL) announced today that it is collaborating with the CDC and the JRC on a project to standardize COVID-19 assays. The collaboration with the CDC and Europe’s Joint Research Centre (JRC) is slated to develop a novel process for standardizing the SARS-CoV-2 antibody tests as they differ among manufacturers and currently can’t e analytically […]
Hologic launches $950M private offering
Hologic (NSDQ:HOLX) announced today that it launched a private offering worth $950 million in senior notes due in 2029. Marlborough, Mass.-based Hologic said in a news release that it plans to use the proceeds collected from the offering, along with available cash, to refinance its existing 4.375% senior unsecured notes due in 2025, with current cash […]
MedTech 100 roundup: Stocks brought back down again
A week after topping pre-pandemic highs, the medtech industry’s stocks were brought back down to earth in quick fashion. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 89.03 (Sep. 11), marking a -0.3% dip from the 89.29 points registered at the end of the […]
COVID-19 antibody test shows promise in NIH-funded study
Researchers at The University of Texas at Austin are touting an accurate antibody test for COVID-19 with lower costs than those currently in use. According to a news release, the test, developed in collaboration with Houston Methodist and other institutions, is more accurate than the standard antibody tests in use right now and can handle […]
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