VapoTherm (NYSE:VAPO) yesterday released an update increasing its financial guidance for the fourth quarter of fiscal 2020. In November, the Exeter, N.H.-based respiratory distress treatment developer projected fourth-quarter revenues ranging between $18 million and $20 million, bringing its full-year revenue guidance to between $102.8 million and $104.8 million. That marked an anticipated year-over-year increase of between […]
Respiratory
How ResMed is advancing sleep and respiratory care
The COVID-19 pandemic’s propulsion of widespread telehealth adoption has ResMed (NYSE:RMD) eyeing remote technologies for the next phase of its sleep and respiratory businesses. The president of that business for the San Diego-based company, Jim Hollingshead, told Medical Design & Outsourcing in a recent interview that the future lies with remote care and digital health offerings. “Right before the […]
This AI algorithm could detect COVID-19 in chest X-rays
Northwestern University researchers are touting a new AI platform that can detect COVID-19 in X-ray images of the lungs. DeepCOVID-XR, a machine-learning algorithm, performed better than a team of specialized thoracic radiologists by spotting COVID-19 in X-rays about 10 times faster and 1%-6% more accurately, according to a news release. Get the full story at […]
Medtronic rises on Street-beating Q2 driven by ventilator sales
Medtronic (NYSE:MDT) shares ticked up before hours today on second-quarter results that topped the consensus forecast. The Fridley, Minn.-based company posted profits of $494 million, or 36¢ per share, on sales of $7.6 billion for the three months ended Oct. 30, 2020, for a -64% bottom-line slide on a sales decline of 0.8%. Adjusted to exclude […]
Why making a lot of ventilators may not be enough to prevent COVID-19 deaths
Medical device companies and even manufacturers outside the industry answered the call to make ventilators needed to treat people with severe COVID-19 cases. But as a newer and larger wave of the novel coronavirus hits the U.S., the equipment may not be enough, The New York Times reported yesterday. The problem, according to the Times, […]
GE Healthcare touts new AI for COVID-19 patients’ breathing tubes
GE Healthcare (NYSE:GE) today unveiled a new artificial intelligence algorithm for assessing endotracheal tube (ETT) placements in COVID-19 patients. Included in GE Healthcare’s Critical Care Suite 2.0, the AI solution helps clinicians assess the ETT placements during the process of ventilating critically ill COVID-19 patients, according to a news release. Critical Care Suite 2.0 uses […]
X-Cor Therapeutics raises $2.6M
X-Cor Therapeutics announced that it closed a $2.6 million seed financing round to move its technology toward clinical trials. The Boston-based company developing a novel extracorporeal carbon dioxide removal device is a portfolio company of Alira Health’s investment arm, Alira Health Ventures, according to a news release. Alira Health Ventures led the financing round, with […]
3M lands $37.5M federal mask contract
The U.S. Department of Defense announced that it issued nearly $37.5 million to 3M (NYSE:MMM) for expanded production of N95 respirators. St. Paul, Minn.-based 3M will receive approximately $37.46 million in a firm-fixed-price modification to expand the production capacity for its N95 respirators, which have been in high demand since the beginning of the COVID-19 pandemic. […]
Electromed beats The Street’s EPS projections
Electromed (NSDQ:ELMD) shares dipped today despite first-quarter EPS results that topped the consensus forecast. The New Prague, Minn.-based airway clearance therapy technology developer posted profits of $535,262, or 6¢ per share, on sales of $8 million for the three months ended Sept. 30, 2020, for a -47.2% bottom-line slide on a sales decline of -3.6%. Adjusted […]
Ex-Sanovas CEO sentenced to 11+ years in fraud case
Former Sanovas president & CEO Larry Gerrans was sentenced yesterday to 135 months in prison for wire fraud and money laundering in connection with a scheme to defraud the medical device company. U.S. District Judge Edward M. Chen handed down the sentence following a guilty verdict after a two-week trial in San Francisco in January 2020. The […]
Inspire skyrockets on massive Q3 revenue beat, raised guidance
Inspire Medical Systems (NYSE:INSP) shares took an enormous leap on third-quarter results that came in well ahead of the consensus forecast. Shares of INSP were up 24.2% ($29.41) at $151.16 per share in mid-morning trading today. Inspire said in a news release that its strong performance in the third quarter and the encouraging implant activity trends […]
