LivaNova (Nasdaq: LIVN) says a new FDA clearance expands how long health providers can use its LifeSparc advanced circulatory support (ACS) pump for extracorporeal membrane oxygenation (ECMO). The new clearance makes permanent some of the temporary emergency guidelines under which LifeSparc provided ECMO therapy during the height of the COVID-19 pandemic. In a news release posted […]
Respiratory
ResMed opens manufacturing plant in Singapore
ResMed (NYSE: RMD, ASX: RMD) this week announced the grand opening of its new Advanced Manufacturing Center in Singapore’s Tuas area. The new 270,000-square-foot facility doubles the respiratory care company’s presence in Singapore to serve its key manufacturing hub in Asia Pacific. The facility will employ nearly 1,000 people and has smart dashboards that integrate […]
ResMed partners with Verily on digital health for sleep disorders
ResMed and Google’s sister company Verily recently launched a digital health joint venture called Primasun. The companies launched the joint venture on Nov. 13 during HLTH 2022 in Las Vegas. They said Primasun will combine advanced healthcare technology and research into one comprehensive digital health platform. It will work with employers and healthcare providers to […]
Teleflex has a serious breathing circuit bacterial filters recall
The FDA this week said the Teleflex (NYSE:TFX) recall of some Gibeck Iso-Gard bacterial and viral filters is a Class I recall, the most serious kind. Teleflex is recalling several types of the Iso-Gard Filter S after receiving reports that the filter may split or become detached from breathing systems. Iso-Gard Filter S filters are […]
VapoTherm misses in Q3, lowers guidance
VapoTherm (NYSE:VAPO) shares fell this morning on third-quarter results that came up short of the consensus forecast. The Exeter, New Hampshire-based company posted losses of $91.8 million. That equals 98¢ per share on sales of $13.55 million for the three months ended Sept. 30, 2022. VapoTherm registered a massive bottom-line slide deeper into the red on […]
Inogen grows sales 13% in Q3
Inogen (Nasdaq:INGN) this week posted third-quarter results that beat the overall consensus on Wall Street. The Goleta, California-based respiratory care company reported a loss of $9.5 million, or -42¢ per share, on sales of $105.4 million for the three months ended Sept. 30, for a sales growth of 13.19% compared with Q3 2021. Adjusted to […]
Inspire Medical Systems raises guidance on 77% sales growth in Q3
Inspire Medical Systems (NYSE:INSP) today posted third-quarter results that beat the overall consensus on Wall Street and raised its full-year guidance. The Minneapolis-based sleep apnea treatment device company reported losses of $16.8 million, or -60¢ per share, on sales of $109.2 million for the three months ended Sept. 30, for a sales growth of 77.01% […]
Philips is cutting its workforce by 4,000
Royal Philips (NYSE: PHG, AEX: PHIA) is launching a significant restructuring amid its serious CPAP recall, supply chain woes and other macroeconomic challenges. The Dutch medtech giant announced today that it would cut its workforce by roughly 4,000 roles globally — representing about 5% of the headcount listed in its most recent annual report. The […]
Medtronic plans spinoff of patient monitoring, respiratory intervention businesses
Medtronic (NYSE: MDT) today announced its intention to pursue a separation of the company’s Patient Monitoring and Respiratory Interventions businesses, part of the company’s Medical Surgical portfolio. The separation is the next step in the Fridley, Minnesota-based company’s ongoing portfolio assessment. It will allow the company to better focus investments. “We are executing on our […]
New Philips CEO says he is ‘deeply sorry’ over Respironics recall
Royal Philips’ new CEO Roy Jakobs has apologized for the company’s ongoing massive Respironics recalls. Since April 2021, the FDA has received more than 69,000 medical device reports, including 168 reports of death, related to sound abatement foam breaking down in CPAP and BiPAP ventilators and other respiratory devices. (Note: The FDA’s MDR system is […]
Ablation is the next step for Intuitive’s Ion system
Intuitive is best known for its da Vinci surgical robotics system, but there is buzz around its Ion system with its fully articulating catheter making its way through the lungs for cancer biopsy. Watch out for the Ion doing even more down the road. CEO Gary Guthart announced during Intuitive’s Q3 earnings call yesterday evening […]