A medical supply company is recalling BD (NYSE:BDX) Alaris infusion pumps — the third Class I recall for the pumps in recent months, according to the FDA. North Carolina-based Avante Health Solutions issued the Alaris pump recall March 24, 2021, because the bezel repair posts may crack or separate, leading to the inaccurate delivery of […]
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CMS extends joint replacement pricing by 3 years
The Centers for Medicare and Medicaid Services (CMS) has extended bundled pricing for hip and knee replacements for three years. The final rule, published in the Federal Register, extends the “Comprehensive Care for Joint Replacement” cost-bundling program through Dec. 21, 2024. The cost-cutting program began in January 2016, when CMS required all hospitals in 67 geographic […]
Abiomed stock falls on Q4 results
Abiomed (NSDQ:ABMD) stock is recovering slightly today — a day after its stock fell on fourth-quarter results. ABMD shares were up 0.4% at $324.18 per share in mid-morning trading today, rebounding from a -8% slide to $322.94 per share upon the release of the earnings report yesterday. MassDevice’s MedTech 100 Index — which includes stocks […]
Merit Medical rises on Street-beating Q1
Merit Medical (NSDQ:MMSI) shares ticked up today on first-quarter results that beat the consensus forecast. The South Jordan, Utah–based company posted profits of $11 million, or 19¢ per share, on sales of $248.9 million for the three months ended March 31, 2021, pulling its bottom-line from out of the red year-over-year on sales growth of […]
Olympus launches five single-use bronchoscopes
Olympus today said it has launched its product line of five H-SteriScope single-use bronchoscopes. The single-use endoscopes are for diagnostic and therapeutic procedures. They resulted from a collaboration between Olympus subsidiary Veran Medical Technologies and Hunan Vathin Medical Instrument Co. Get the full story on our sister site, Medical Tubing + Extrusion.
Hillrom dips despite Street-beating Q2, raised guidance
Hillrom (NYSE:HRC) shares dipped slightly despite second-quarter results that beat the consensus forecast. The Chicago-based company posted profits of $87.1 million, or $1.30 per share, on sales of $762 million for the three months ended March 31, 2021, for an 85.7% bottom-line gain on sales growth of 5.4%. Adjusted to exclude one-time items, earnings per […]
Butterfly Network partners with Sientra on ultrasound for breast implant patients
Butterfly Network (NYSE:BFLY) and Sientra (NSDQ:SIEN) announced today that they are partnering to aid plastic surgeons in breast implant evaluations. Through the partnership, plastic surgeons can use Butterfly Network’s Butterfly IQ and Ultrasound-on-Chip technology to evaluate Santa Barbara, Calif.–based Sientra’s breast implants, according to a news release. Guilford, Conn.–based Butterfly Network’s Butterfly IQ handheld ultrasound […]
Dexcom dips after hours despite Street-beating Q1, raised guidance
Dexcom (NSDQ:DXCM) shares took a hit after hours today despite first-quarter results that beat the consensus forecast. DXCM shares were down -5.2% at $400 per share after hours. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down -0.8%. Get the full story at our sister site, Drug Delivery Business […]
Moderna pledges to manufacture up to 3B COVID-19 vaccine doses in 2022
Moderna (NSDQ:MRNA) announced today that it committed funds to increase its COVID-19 vaccine manufacturing capacity to up to 3 billion doses for 2022. Cambridge, Mass.-based Moderna’s new funding commitments would increase supply at its owned and partnered manufacturing facilities up to that 3 billion-dose capacity, depending upon the mix between the authorized Moderna COVID-19 vaccine at […]
Smith+Nephew revenue up 11.5% in Q1
Smith+Nephew (LSE:SN, NYSE:SNN) today reported that Q1 revenue was up 11.5% year-over-year, to $1.264 billion. The British medtech giant saw year-over-year revenue growth for all three franchises: Orthopaedics was up 1.6%, with strong hip implants and trauma and extremities devices growth offset by weaker-than-anticipated knee implant sales. Sports Medicine & ENT was up 10.4% underlying, […]
Stryker’s Mako could be an MVP for Minor League Baseball
Stryker (NYSE:SYK) announced today that it is working with Minor League Baseball as the official joint replacement partner for the organization. Kalamazoo, Mich.-based Stryker has been designated as “The Official SmartRobotics Joint Replacement Partner of Minor League Baseball (MiLB),” according to a news release. The company is also the presenting partner of “Own the Walk,” […]