One Drop announced yesterday that it landed a multi-part collaboration with Fitbit (NYSE:FIT). The group’s first initiative will be to integrate Fitbit’s data onto One Drop’s mobile app for diabetes management, the company said, in the hopes to helping users better understand how physical activity impacts blood glucose management. Get the full story at our sister site, Drug […]
Wall Street Beat
Senseonics tops sales estimates with Q3 results
Shares in Senseonics (NYSE:SENS) fell today even though the medical technology company beat expectations on Wall Street with its third quarter results. The Germantown, Md.-based company posted a loss of -$17.4 million on sales of $2.1 million for the 3 months ended Sept. 30. Get the full story at our sister site, Drug Delivery Business News.
Long-term data for Abbott’s Absorb “highlight the need for continued improvements” in BRS tech
Hours before Abbott (NYSE:ABT) presented three-year data from a pivotal trial of its Absorb bioresorbable scaffold, the FDA updated a letter to healthcare providers, writing that the device continues to show an increased rate of major adverse cardiac events and thrombosis compared to patients treated with a drug-eluting stent. “The FDA’s recommendations for health care providers outlined […]
Novo Nordisk shares slip on cautious guidance, insulin pricing concerns
Shares in Novo Nordisk (NYSE:NVO) fell slightly today after the insulin-maker met expectations on Wall Street with its third quarter results, but issued cautious sales guidance for 2018. The company’s chief executive expressed concerns that draft legislation to make drug pricing more transparent could potentially hurt the industry, according to Reuters. Get the full story at our sister […]
Owens & Minor to buy Halyard Health’s infection prevention biz for $710m
Owens & Minor (NYSE:OMI) agreed to pay $710 million to acquire Halyard Health‘s (NYSE:HYH) surgical and infection prevention business. The deal, expected to close during the first quarter next year, adds $1 billion in revenues and $80 million in earnings before interest, taxes, depreciation & amortization to Owen’s & Minor’s books annually. “Halyard’s S&IP business […]
Zimmer Biomet misses the mark with Q3 results
Zimmer Biomet (NYSE:ZBH) missed the mark with its third-quarter results as ongoing supply issues plagued the orthopedics giant. Warsaw, Ind.-based Zimmer Biomet posted profits of $98.8 million, or 48¢ per share, on sales of $1.82 billion for the three months ended Sept. 30, for a bottom-line slide of -37.8% and a sales decline of -0.8% compared […]
Pfizer posts Street-beating Q3, raises full-year earnings forecast
Shares in Pfizer (NYSE:PFE) fell slightly today even though the pharmaceutical giant beat expectations on Wall Street with its third quarter results. The New York-based company posted profits of $2.84 billion, or 47¢ per share, on sales of $13.17 billion, for sales growth of 1% compared with last year’s third quarter results. Get the full story at […]
Agile Therapeutics touts late-stage trial for once-weekly contraceptive patch
Agile Therapeutics (NSDQ:AGRX) touted data today from a Phase III trial of its once-weekly, low-dose hormonal contraceptive patch, Twirla. The study showed that women experienced mean decreases in length of bleeding and spotting episodes, the Princeton, N.J.-based company reported. Get the full story at our sister site, Drug Delivery Business News.
Elixir Medical unveils ‘bioadaptive’ metallic drug-eluting stent at TCT 2017
Interventional cardiologists have used stents to keep the heart’s coronary arteries open for decades. Transitioning from bare-metal stents to drug-eluting stents in the early 2000s brought tremendous benefits for patients. “But over the last 10 years, the technological progress and meaningful clinical improvements have plateaued,” Elixir Medical CEO Motasim Sirhan told Drug Delivery Business News. “When you stent an artery today, you […]
Philips highlights wearable tech in healthcare with pitch competition
Entrepreneurs joined Royal Philips (NYSE:PHG) executives and other players in the medical device industry last week at Philips’ Wearables & Chronic Care Challenge to tout their novel wearable technology and compete for a chance to win $10,000. It was the second time that Philips has hosted the event, in-line with the two-year anniversary of the company’s […]
Orthofix’s Q3 profits plunge
Third-quarter profits for Orthofix (NSDQ:OFIX) plunged some 65% compared with the same period last year on increased income tax expenses, but the orthopedics company raised its 2017 sales outlook and increased the high end of its earnings forecast. Lewisville, Texas-based Orthofix posted profits of $3.5 million, or 19¢ per share, on sales of $105.2 million for […]