Johnson & Johnson, Steris, Philips, Fujifilm Holdings and Boston Scientific were recently named among Forbes’ best large employers in America, based on feedback from their employees. Forbes partnered with a market research firm to survey 50,000 Americans working for businesses with at least 1,000 employees. Survey participants were asked to rate their willingness to recommend their employer […]
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Hancock Jaffe completes $41M offering
Hancock Jaffe Laboratories (NSDQ:HJLI) announced that it successfully completed a public offering worth $41.1 million. Irvine, Calif.-based Hancock Jaffe sold more than 5.9 million shares of common stock and warrants to purchase nearly 3 million common shares in the offering, according to a news release. The $41.1 million collected in proceeds by the company are earmarked […]
Butterfly Network to start trading on NYSE soon
Longview Acquisition Corp. announced today that its stockholders approved its merger with Butterfly Network, which will soon begin trading on the New York Stock Exchange. Stockholders approved the business combination with nearly 100% of the shares of Longview voted at a special meeting in favor of the merger, with a total of six proposals considered […]
Feds order 200M more vaccine doses from Pfizer, Moderna
U.S. government agencies announced that they purchased a total of 200 million additional doses of COVID-19 vaccines from Pfizer (NYSE:PFE) and Moderna (NSDQ:MRNA). The orders of 100 million doses from each of the only two FDA-authorized vaccines in the U.S. were made by the U.S. Health & Human Services Dept. (HHS) and the Defense Dept. (DoD). The […]
Dexcom Q4 earnings miss by a penny — but revenue up 23%
Dexcom (NSDQ:DXCM) reported mixed Q4 2020 results and reiterated a fiscal year 2021 revenue guidance that is slightly below Wall Street projections. The San Diego–based continuous glucose monitor company yesterday evening reported profits of $355.2 million, or $3.48 per share, on sales of $568.9 million for the three months ended Dec. 31, 2020, nearly quadrupling the […]
How new CEO Mike Coyle plans to lead iRhythm forward
Taking over as CEO of a medtech company in the midst of a pandemic doesn’t seem ideal, but former Medtronic executive Mike Coyle was thrilled to take the helm of iRhythm Technologies (NSDQ:IRTC) in January 2021. The company had had a banner year in 2020, and Coyle believes it has a bright future in a space that […]
Are smart knee implants the next big thing in ortho?
Orthopedic device industry watchers think so, and Zimmer Biomet appears set to be the first out of the gate this year through a partnership with the startup Canary Medical. What do drug-eluting stents and “smart” implantable medical devices have in common? It turns out it’s a lot, at least according to Dr. Bill Hunter. The […]
Visby Medical wins FDA authorization for point-of-care COVID-19 PCR test
Visby Medical announced today that it received FDA emergency use authorization (EUA) for its rapid COVID-19 test at point-of-care. San Jose, Calif.-based Visby’s rapid PCR COVID-19 test received EUA previously but can now be used by any organization with a Clinical Laboratory Improvement Amendments (CLIA) certificate of waiver, according to a news release. Visby’s testing […]
Cardiologs touts results of AFib study
Artificial intelligence diagnostics company Cardiologs today announced the results of a clinical study showing its AI-based ECG analysis software “significantly” reduces the rate of false-positive atrial fibrillation (AFib) detection in remote cardiac monitoring of certain patients. The company, which has offices in Paris and Boston, worked with Valley Health System of northern New Jersey to […]
J&J CEO says getting a COVID-19 vaccine could be an annual ritual for years
Johnson & Johnson (NYSE:JNJ) CEO Alex Gorsky said people may need COVID-19 vaccines annually, like flu shots, over the next several years. Speaking to CNBC, Gorsky cited the mutations and variants of the disease, several of which have already landed in the U.S., as the driving force behind differentiating capabilities of the vaccine to fight off antibodies. Previous […]
Report: Pfizer speeding up vaccine production
Pfizer (NYSE:PFE) is reportedly expecting to trim the time needed to produce COVID-19 vaccine batches to speed up production. The company, which along with BioNTech (NSDQ:BNTX) developed one of two COVID-19 vaccines currently authorized in the U.S., is slated to cut the amount of time it takes to produce a batch of the vaccine from 110 […]