Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, August 3, 2023. Fast Five by MassDevice · Cooper Cos. abandons $875M acquisition, Siemens Healthineers reports logistics challenges at Varian Glytec this week unveiled the […]
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Siemens Healthineers reports temporary logistics challenges at Varian
News of some outbound logistics challenges holding back revenue at Varian helped send Siemens Healthineers (ETR: SHL) stock down today. SHL shares were down more than 5% to €49.16 apiece on the Xetra exchange in Germany. Excluding the declining rapid COVID-19 antigen test business at Siemens Healthineers, comparable revenue growth was at 10.1% during the […]
Nevro stock is down on slashed 2023 guidance
Nevro (NYSE: NVRO) stock lost more than a fifth of its value this morning — a day after the maker of spinal cord stimulation devices greatly reduced its full-year guidance. Redwood City, California–based Nevro now expects full-year 2023 revenue of roughly $410–415 million, an increase of 1–2% over 2022. The previous guidance was for $445–455 […]
Fast Five: Baxter has a Class I recall, Integra Lifesciences plans to resume manufacturing in Boston after hiatus
Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, August 2, 2023. Fast Five by MassDevice · Baxter has a Class I recall, Integra Lifesciences to resume manufacturing in Boston after hiatus Earnings season […]
Zimmer Biomet beats The Street in Q2 — but it may not be enough
Zimmer Biomet today reported second-quarter results that beat Wall Street’s analysts’ expectations, again upping its guidance for the year. “We’re pretty happy about the results we get to discuss today,” CEO Bryan Hanson told analysts. He added that the Warsaw, Indiana–based orthopedic device giant achieved its results in the face of significant macroeconomic challenges affecting […]
Hologic stock dips on Q3 losses, questions over future margins
Hologic shares fell this morning despite third-quarter results that topped the consensus forecast. Shares of HOLX dipped 4% at $76.29 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 0.6%. The Marlborough, Massachusetts-based women’s health and diagnostics company posted losses of $40.5 […]
Fast Five: Abbott withdraws Trifecta valves from U.S. market, Augmedics buys Surgalign’s digital health assets
Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, August 1, 2023. Fast Five by MassDevice · Abbott withdraws Trifecta valves from U.S. market, Augmedics buys Surgalign’s digital health assets The recent collaboration between […]
Court rejects Johnson & Johnson bankruptcy gambit over talc suits
A U.S. bankruptcy judge in New Jersey has dismissed a Johnson & Johnson-created company’s bankruptcy filing to resolve talc-related lawsuits. Judge Michael Kaplan’s ruling on July 28 was similar to a U.S. Court of Appeals for the Third Circuit ruling months ago, which failed to find immediate financial distress over the lawsuits. As recounted in […]
Integra Lifesciences expects to resume manufacturing in Boston
Integra LifeSciences (NASDAQ: IART) recently announced that it plans to resume manufacturing in its Boston facility by the end of the fourth quarter. Just two months before, Integra voluntarily recalled all tissue-related products made in Boston and distributed between March 1, 2018 and May 22, 2023. The recalled products included SurgiMend, PriMatrix, Revize and TissueMend. […]
Abbott is pulling its Trifecta valves off the market
Abbott announced today that it is withdrawing its Trifecta family of heart valves from worldwide markets. The market withdrawal comes more than five months after Abbott and the FDA told health providers that the valves could deteriorate early. In a statement shared with MassDevice, the company said: “Abbott has decided to withdraw and discontinue its […]
Inspire Medical appoints former AppliedVR exec as chief medical officer
Inspire Medical Systems announced today that it named Dr. Charisse Sparks as its new chief medical officer (CMO). Minneapolis-based Inspire made Sparks’ appointment effective on July 27. As CMO, she serves as a member of the sleep apnea treatment maker’s executive leadership teams. Sparks’ responsibilities include leading medical and clinical affairs, reporting to President and […]