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Vision

Alcon beats the Street with Q1 results

May 10, 2022 By Jim Hammerand

Alcon (SIX/NYSE:ALC) posted first quarter results today that beat the consensus forecast on Wall Street and maintained its sales and earnings outlook for the rest of the year. The Geneva, Switzerland–based eye care tech company reported profits of $168 million, or $0.34 per share, on sales of $2.2 billion for the three months ended March […]

Filed Under: Blog, Business/Financial News, News Well, Vision, Wall Street Beat Tagged With: Alcon

LumiThera acquires electrophysiology device maker Diopsys

March 3, 2022 By Danielle Kirsh

LumiThera today said it has completed its acquisition of Diopsys for an undisclosed amount. The acquisition of the Pine Brook, N.J.-based electrophysiology medical device maker Diopsys was previously announced on Nov. 11, 2021. Through the deal, Diopsys stockholders will also receive stock in LumiThera, and Diopsys will become a wholly-owned subsidiary of the Seattle-based company. […]

Filed Under: Business/Financial News, Diagnostics, Mergers & Acquisitions, News Well, Vision Tagged With: Diopsys, LumiThera

What happens when bionic eye implants suddenly go dark?

February 17, 2022 By Jim Hammerand

An update on the Second Sight Medical Products (NASDAQ:EYES) saga comes to us by way of IEEE Spectrum, offering a cautionary tale for the developers of cutting-edge implants and the patients who place their faith in them. The future remains cloudy for the Los Angeles–based developer of the Argus 2s retinal prosthesis system, which is […]

Filed Under: Blog, Featured, Implants, Neurological, News Well, Optical/Ophthalmic, Prosthetics, Vision Tagged With: Second Sight Medical Products

Staar Surgical beats the Street in Q3, reports order backlog of more than 20,000 lenses

November 4, 2021 By Jim Hammerand

Staar Surgical (NSDQ:STAA) posted third-quarter results after markets closed yesterday that beat the consensus forecast on Wall Street and raised its outlook for the rest of the year. The Lake Forest, California-based implantable lens maker reported profits of $6.0 million, or $0.12 per diluted share, on sales of $58.4 million for the three months ended […]

Filed Under: Blog, Business/Financial News, Featured, Implants, MassDevice Earnings Roundup, News Well, Optical/Ophthalmic, Vision, Wall Street Beat Tagged With: Staar Surgical

J&J launches Veritas Vision System for cataract surgery

July 23, 2021 By Danielle Kirsh

J&J Vision today announced that it has launched its Veritas Vision System for cataract surgery. J&J designed the phacoemulsification system to address patient safety, surgeon efficiency and comfort. Phacoemulsification is the gold standard treatment during cataract surgery and allows surgeons to effectively emulsify and efficiently remove the eye’s internal lens, according to the company. “In […]

Filed Under: Vision Tagged With: Johnson & Johnson Vision

Glaukos beats The Street in Q1 results

May 6, 2021 By Danielle Kirsh

Glaukos (NYSE:GKOS) posted first-quarter results that beat the overall consensus on Wall Street. The San Clemente, Calif.-based ophthalmic medical technology company yesterday reported losses of -$16.469 million, or -36¢ per share, on sales of $67.968 million for the three months ended March 31, for a sales growth of 22.83% compared with Q1 2020. Adjusted to […]

Filed Under: MassDevice Earnings Roundup, Optical/Ophthalmic, Vision, Wall Street Beat Tagged With: Glaukos

Staar Surgical rises on 44% sales growth in Q1 result

May 6, 2021 By Danielle Kirsh

Staar Surgical (NSDQ:STAA) posted first-quarter results that beat the overall consensus on Wall Street. The Lake Forest, Calif.-based implantable eye lenses company yesterday reported profits of $4.99 million, or 10¢ per share, on sales of $50.75 million for the three months ended April 2, for a sales growth of 44.24% compared with Q1 2020. Adjusted to […]

Filed Under: MassDevice Earnings Roundup, Optical/Ophthalmic, Vision, Wall Street Beat Tagged With: STAAR Surgical Co

9 medical devices you should keep an eye out for in 2021

April 16, 2021 By Nancy Crotti

The medical device industry weathered the COVID-19 pandemic well — and is now set to roll out a host of innovations in 2021. Economists generally expect the U.S. to see a boom as we emerge from the pandemic and resulting recession. Medtech companies appear set to ride the wave this year, with plans to seek approval or […]

Filed Under: Business/Financial News, Diagnostics, Endoscopic, Featured, Food & Drug Administration (FDA), Imaging, Implants, Neuromodulation/Neurostimulation, Oncology, Optical/Ophthalmic, Orthopedics, Pain Management, Pediatrics, Robotics, Spine, Surgical, Vision Tagged With: DePuy Synthes, Johnson & Johnson, Medtronic, Nevro Corp., Olympus, OrthoPediatrics, Smith+Nephew, Zimmer Biomet

Cardiovascular Systems completes minority investment in CarePICS with option to buy

April 12, 2021 By Sean Whooley

Cardiovascular Systems (NSDQ:CSII) announced that it completed a minority investment and entered into an option agreement to acquire telehealth company CarePICS. CarePICS offers a virtual care platform designed to aid in the treatment of people with peripheral artery disease (PAD), critical limb ischemia (CLI) and lower extremity wounds, according to a news release. The platform […]

Filed Under: Business/Financial News, Cardiovascular, Funding Roundup, Health Technology, Mergers & Acquisitions, Software / IT, Structural Heart, Vision Tagged With: Cardiovascular Systems Inc., CarePICS

Corza Medical set to take on ‘almost monopolistic’ surgical giants

February 1, 2021 By Tom Salemi

Corza Medical, a new venture forged by the financial firepower of private equity giant GTCR, is looking to become a surgical tool supplier that its executive chairman Greg Lucier says can compete with “almost monopolistic” leaders in the space. To mount the challenge, Corza acquired Surgical Specialties Corp., a supplier of surgical sutures and ophthalmic […]

Filed Under: Business/Financial News, Featured, Optical/Ophthalmic, Surgical, Vision, Wound Care Tagged With: Applied Biosystems, Corza Health, Corza Medical, Ethicon, GTCR Golder Rauner LLC, Invitrogen, Johnson & Johnson, Medtronic, Surgical Specialties, Takeda Pharmaceuticals, Thermo Fisher Scientific

Alcon slides on missed Q2 earnings

August 19, 2020 By Sean Whooley

Alcon (NYSE:ALC) shares dipped before hours today on second-quarter results that missed the consensus earnings forecast. The Geneva, Switzerland-based company posted losses of -$422 million, or -86¢ per share, on sales of $1.2 billion for the three months ended June 30, 2020, for an 8.2% bottom-line slide on a sales decline of -36.2%. Adjusted to exclude […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Surgical, Vision, Wall Street Beat Tagged With: Alcon, coronavirus, COVID-19

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