Regenerative aesthetic product developer Suneva Medical filed an SEC Form D last week that confirmed the sale of nearly $25.1 million in equity. The San Diego-based company met its total offering amount of $25.098 million after making the first sale for the new notice on May 15. It did not intend for the offering to […]
Surgical
Groups release guidance on medtech reps’ return to hospitals
A handful of medical organizations released guidelines today on the safe return of medtech company representatives to healthcare facilities during the coronavirus pandemic. The guidance released today by AdvaMed, the Association of periOperative Registered Nurses (AORN) and the American Hospital Association (AHA) builds on the April 17 joint statement by AHA, AORN, the American College […]
Integra touts outcomes, cost-savings in wound-healing studies
A pair of retrospective studies of an Integra LifeSciences (NSDQ:IART) wound-healing matrix showed positive clinical and economic results, the company announced on Friday. The studies looked at the results of complex lower extremity reconstruction using Integra’s bilayer wound matrix. The data were published in Plastic and Reconstructive Surgery. The bilayer wound-healing matrix is formulated to provide […]
Medtech 100 roundup: Stocks dip slightly after strong start to month
Medtech stocks ticked down over the course of last week as the COVID-19 pandemic continues to bear economic ramifications. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 82.4 points at the end of last week (May 15). That total represents a -1.9% decline from the 83.98-point […]
Ocutrx debuts AR-assisted surgery system
Startup Ocutrx Vision Technologies (Irvine, Calif.) announced today that it is launching a new technology for surgery visualization. The OR-Bot Surgery Visualization Theatre includes the ORLenz augmented reality (AR) surgery headset with three visualization options, depending on the surgeon’s preference: A surgery view with augmented virtual patient and operating tool information. The choice of using […]
Titan Medical posts Q1 bottom-line gain
Titan Medical (TSX:TMD;OTC:TITFX) shares dipped today on first-quarter financial results that revealed a significant bottom-line resurgence. The Toronto-based surgical robotic technology developer posted losses of $768,043, or -2¢ per share for the three months ended March 31, 2020, for a 97.3% bottom-line gain from losses of nearly $28.3 million in the first quarter last year. Titan […]
TransEnterix narrows losses in Q1, expects negative COVID-19 impact
TransEnterix (NYSE:TRXC) narrowed its losses during its first quarter amid a major strategy shift — but the COVID-19 pandemic is expected to have a negative impact on the robot-assisted surgery developer’s results. The Research Triangle Park, N.C.-based company said in a news release that it implemented fourth-quarter restructuring that reduced its workforce by approximately two-fifths prior […]
Activ Surgical launches robotic surgery AI software
Activ Surgical said today it is launching ActivEdge, an artificial-intelligence and machine-learning platform designed to improve surgical procedures and outcomes. The Boston-based company said it will be available initially in the U.S. and next year worldwide. Activ Surgical said it will initially focus on promoting the new software for the most common laparoscopic procedures, including […]
Cardiovascular societies outline return to medical, surgical procedures
A group of North American cardiovascular societies released guidance today on the resumption of heart-related procedures in light of the COVID-19 pandemic. The guidance, scheduled to be published in a future issue of the Journal of the American College of Cardiology, takes into account regional differences in the intensity of the outbreak. Most invasive cardiovascular […]
Teleflex beats The Street on sales, posts sharply higher profits
Shares in Teleflex (NYSE:TFX) dropped nearly 4% today, despite a first-quarter 2020 report that revealed Street-beating sales and skyrocketing profits. The Wayne, Pa.-based surgical and critical care device maker posted profits of $131.15 million, or $2.83 per share on sales of $630.64 million for the three months ended March 29, 2020, for a 220.68% bottom-line gain […]
Onkos Surgical raises $7.6m
Surgical oncology device developer Onkos Surgical filed an SEC Form D to confirm the sale of nearly $7.6 million in equity. The Parsippany, N.J.-based company made its first sale for the new notice on April 21, having now sold approximately $7.57 million. The total offering amount is $12 million, leaving more than $4.4 million remaining […]