Tandem Diabetes Care (NSDQ:TNDM) narrowed its losses year-over-year in Q1, with results beating the consensus forecast on Wall Street. The San Diego-based company yesterday evening posted losses of –$5 million, or –8¢ per share, on sales of $141 million for the three months ended March 31, 2021, reducing losses by nearly two-thirds on sales growth […]
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Cutera stock up on reported Q1 sales growth
Cutera (NSDQ:CUTR) posted first-quarter results that beat the overall consensus on Wall Street. The Brisbane, Calif.–based cosmetic and aesthetic laser equipment company yesterday reported losses of -$359,000, or -2¢ per share, on sales of $49.668 million for the three months ended March 31, for a sales growth of 54.06% compared with Q1 2020. Earnings per […]
Conformis slides on mixed-bag Q1 results
Conformis (NSDQ:CFMS) posted first-quarter results that beat the revenue consensus on Wall Street but missed on earnings. The Billerica, Mass.-based orthopedic company yesterday reported losses of -$11.51 million, or -9¢ per share, on sales of $13.84 million for the three months ended March 31, for a sales loss of -16.02% compared with Q1 2020. Earnings […]
Outset Medical sales more than triple in Q1
Outset Medical (NSDQ:OM) posted first-quarter results that beat the overall consensus on Wall Street and increased its guidance. The San Jose, Calif.-based Tablo dialysis machine maker reported losses of -$30 million, or -70¢ per share, on sales of $22.9 million for the three months ended March 31, for a sales growth of 218.72% compared with […]
Medtronic Talks Podcast : Mazor, Hugo. What’s next in surgical robotics?
In this episode, two of the executives leading Medtronic’s push into robotic surgery update listeners on the progress and potential of Medtronic’s MAZOR X Stealth and Hugo RAS system platforms. Megan Rosengarten, president of surgical robotics, says Hugo is poised to deliver surgeons newfound capabilities and options. The company hopes to begin selling the system […]
BREAKING: Biden administration calls for waiving IP protections for COVID-19 vaccines
U.S. Trade Representative Katherine Tai announced this afternoon that the Biden administration supports waiving IP protections for COVID-19 vaccines. “This is a global health crisis, and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures,” Tai said in the statement. Get the full story on our sister site Pharmaceutical Processing World.
Pfizer to seek FDA approval for COVID-19 vaccine, will seek authorization for kids above 2
Pfizer CEO Albert Bourla said the company will soon seek full FDA approval and authorization for further age groups for its COVID-19 vaccine. Speaking during the company’s first-quarter earnings call yesterday, transcribed by The Motley Fool, Bourla outlined the regulatory pathways that the company is pursuing for the vaccine it developed with BioNTech, which is […]
Elizabeth Holmes wants to blame Silicon Valley startup culture for Theranos fiasco
Ex-Theranos CEO Elizabeth Holmes’ lawyers want to present evidence about Silicon Valley startup culture as part of her federal fraud trial defense, according to media reports. “Silicon Valley exaggeration occurs, there’s going to be natural discussion of startup companies and how they operate,” Judge Edward Davila said during a hearing yesterday in federal court in […]
TransMedics slides on Q1 earnings miss
TransMedics (NSDQ:TMDX) shares took a massive hit today on first-quarter results that missed the consensus earnings forecast. TMDX shares were down -12.4% at $24.58 per share in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down -1.2%. The Andover, Mass.-based organ transplant technology […]
Silk Road Medical sinks despite Street-beating Q1, raised guidance
Silk Road Medical (NSDQ:SILK) shares took a big hit today despite first-quarter results that beat the consensus forecast. SILK shares were down -10% at $55.30 per share in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down -0.9%. The Sunnyvale, Calif.-based company posted […]
Alcon dips despite Q1 earnings beat
Alcon (NYSE:ALC) stock is down today, even after the company reported first-quarter results that beat the consensus forecast. The Geneva, Switzerland-based company posted earnings per share of 17¢ on sales of $1.9 billion for the three months ended March 31, 2021, registering revenue growth of 4.8% year-over-year. Adjusted to exclude one-time items, earnings per share […]