Myomo (NYSE:MYO) shares took a hit today on fourth-quarter results that missed the consensus forecast for earnings but topped the revenue projections. The Cambridge, Mass.-based commercial-stage medical robotics company yesterday evening posted losses of $2.8 million, or -$4.81 per share, on sales of $1.5 million for the three months ended Dec. 31, 2019, for a 2.6% […]
Myomo shares down on news of $15m public offering
Shares of Myomo (NYSE:MYO) took a dive in price today after the commercial-stage medical robotics company announced it would raise $15 million from a public offering. MYO shares were down nearly 45% to $6.46 apiece by the afternoon. The company — maker of the MyoPro upper limb orthosis — is selling more than 2.1 million shares […]
Myomo stock sees week of volatility
Investors have traded millions of shares in commercial-stage medical robotics company Myomo (NYSE:MYO) this week, with the company saying it is unaware of what is causing the trading volatility. The Cambridge, Mass.–based company on Jan. 30 enacted a 1-for-30 reverse stock split, with stocks slumping for a few days before doubling in value on Tuesday and then […]
Animal OrthoCare gives dog a leg up on life
A Minnesota company is on a mission to develop prosthetics, braces and pain-relief medical devices for animals that are just as good as those made for humans. You may have seen the handiwork of veterinary medical device firm Animal Ortho Care. The company enabled a mini dwarf pony named Pumpkin that was born with four […]
Second Sight beat The Street in Q2 despite $8.44m loss
Second Sight Medical (NSDQ:EYES) posted second-quarter results yesterday that beat both the sales and earnings forecasts on Wall Street as it accelerated its pivot toward manufacturing a new cortical implant. Citing the costs of reorganization, the Sylmar, Calif.-based company reported a loss of $8.44 million, or -0.07¢ per share, on sales of $1.28 million for […]
Boston Scientific launches Tactra penile implant
Boston Scientific (NYSE:BSX) recently launched what it describes as a durable, natural-feeling implant to treat erectile dysfunction. A man with the Tactra implant in his member can push it up for intercourse and manually pushed it down when it is not in use. The prosthesis is made of dual-layer silicone in order to give it a […]
Judge orders Otto Bock to sell top U.S. microprocessor knee competitor
A judge has ordered prosthetics maker Otto Bock Healthcare North America to sell a competitor it acquired in 2017. Otto Bock (Austin, Texas) and smaller competitor Freedom Innovations (Irvine, Calif.) are the top U.S. sellers of microprocessor-equipped prosthetic knees, according to the U.S. Federal Trade Commission, which began seeking the divestiture shortly after the merger. […]
Swedish patient receives ‘dexterous, sentient’ prosthetic hand
A Swedish woman with a hand amputation has become the first recipient of an osseo-neuromuscular implant to control a dexterous hand prosthesis, according to Chalmers University of Technology in Gothenburg, Sweden. Surgeons placed titanium implants in the two forearm bones (radius and ulna), and extended electrodes to nerves and muscle to extract signals to control a […]
OSU touts new nerve rerouting procedure to reduce pain, phantom limb issues in amputees
New research out of the Ohio State University Wexner Medical Center suggests that patients who receive a procedure to reroute amputated nerves experience less pain, numbness and phantom limb pain than those who don’t receive the treatment. The procedure, dubbed targeted muscle reinnervation, has a significant effect on patients if performed at the time of […]
What should the Mann Foundation do next?
Dr. Robert Greenberg, the Mann Foundation’s new executive chairman, has ideas about where to take one of medtech’s top research and development outfits. He explained more at DeviceTalks West in December. The new executive chairman of the Alfred E. Mann Foundation for Scientific Research sees the foundation continuing its mission of developing devices for unmet medical needs. The foundation […]
Ortho and prosthetic manufacturing automation company FusiForm raises $6m
Medical manufacturing specialty service provider FusiForm has raised $5.8 million in a new round of equity funding, according to a recently posted SEC filing. FusiForm offers services intended to automate manufacturing management for orthotic and prosthetic producers, according to the company’s website. Funds in the round came from 11 unnamed investors, with the first sale […]
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