Cook Medical has signed a letter of intent to sell its Reproductive Health business to CooperCompanies, the two companies announced today. CooperCompanies (NYSE:COO) plans to pay privately-held Cook Medical $875 million: $675 million at closing, then the remaining $200 million paid in four $50 million annual installments. The proposed deal — which could close in […]
Women's Health
Hologic beats the Street with first quarter earnings ahead of Super Bowl ad debut
Hologic (NSDQ:HOLX) posted fiscal first-quarter results today that beat the consensus forecast on Wall Street and increased its outlook for the rest of the year. “We expect upside from COVID-19 testing, plus organic growth in our base Diagnostics and Surgical businesses, to offset headwinds from supply chain challenges in our Breast Health business,” CFO Karleen […]
‘Itty bitty’ falloposcope imaging device used inside fallopian tubes for the first time
After years of development, University of Arizona researchers have captured their first images inside fallopian tubes with a new device that could be used to search for early signs of ovarian cancer. University of Arizona BIO5 Institute Director Jennifer Barton developed the high-resolution falloposcope, which has a diameter of only 0.8 mm. “It’s itty bitty,” […]
Hologic says Q1 results will be better than expected
Hologic (Nasdaq: HOLX) announced preliminary Q1 revenue numbers that beat its previous projections, as well as the expectations of The Street. The Marlborough, Massachusetts–based company brought in revenue of roughly $1.47 billion for the quarter ended December 25, 2021, down 8% from the same quarter a year before but well above its most recent guidance […]
Establishment Labs names former Jefferies analyst as CFO
Establishment Labs today announced that it has appointed Raj Denhoy as chief financial officer, effective immediately. Denhoy has been with the Santa Barbara, Calif.–based women’s health medtech company since February when he was appointed as head of strategy and investor relations. He has served as interim CFO since August. “Raj has quickly become a trusted […]
Medtronic’s Hugo wins Health Canada license to expand robotic-assisted surgery
Medtronic (NYSE:MDT) announced today that it received a Health Canada license for use of the Hugo robotic-assisted surgery system. The company’s Brampton, Ontario-based Medtronic Canada subsidiary received the Health Canada license for use of Hugo in urologic and gynecologic laparoscopic surgical procedures. According to a news release, those procedures make up about half of all […]
Caldera launches new Desara TVez for stress urinary incontinence
Surgical product developer Caldera Medical announced today that it launched the Desara TVez as part of its Desara portfolio. Los Angeles-based Caldera’s Desara family of products includes offerings for treating stress urinary incontinence, pelvic organ prolapse and polyps. According to Caldera’s website, Desara TVez is used through the transvaginal approach with tighter trocar curve that […]
Hologic completes $160M acquisition of Bolder Surgical
Hologic (NSDQ:HOLX) announced today that it closed its previously announced $160 million purchase of Bolder Surgical. Marlborough, Massachusetts-based Hologic said just last month that it agreed to a deal that would see it acquire Louisville, Colorado-based developer and manufacturer of advanced energy vessel-sealing surgical devices. According to a news release, Hologic’s acquisition of Bolder adds laparoscopic […]
Olympus announces $50M medtech venture capital fund
Olympus (TYO:7733) announced that it established Olympus Innovation Ventures to invest in medtech startups. Tokyo-based Olympus, which has its U.S. headquarters in Center Valley, Pennsylvania, said in a news release last week that the venture fund will invest in pioneering startups. Olympus wants the money to go toward startups seeking to improve clinical outcomes, reduce […]
FDA clears Medtronic’s PillCam system for remote endoscopy procedures
Medtronic (NYSE:MDT) announced today that it received FDA 510(k) clearance for its PillCam Small Bowel 3 system for remote endoscopy procedures. PillCam SB3 @Home program works with Amazon logistics to ensure timely and accurate results for patients undergoing remote endoscopy procedures from the comfort of their own homes, according to a news release. The platform […]
Hologic beats the Street after an unprecedented year
Hologic (NSDQ:HOLX) posted fourth-quarter results today that handily beat the consensus forecast on Wall Street, concluding an impressive year of growth on the back of robust COVID-19 testing revenue. The Marlborough, Massachusetts–based diagnostics and women’s health company reported quarterly profits of $328.8 million — or $1.28 per diluted share — on sales of nearly $1.32 […]
