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Baxter spending $350m to acquire surgical adhesion barrier tech from Sanofi

December 2, 2019 By Chris Newmarker Leave a Comment

Baxter (NYSE:BAX) said today that it will buy the Seprafilm adhesion barrier and related assets from Sanofi (NYSE:SNY) in what is expected to be a $350 million deal. The purchase is expected to close no later than the first quarter of 2020. A Bloomberg report in October hinted that a deal might be in the work. “While […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Wall Street Beat, Wound Care Tagged With: Baxter, Sanofi

8 execs exit Acelity after 3M takeover

November 15, 2019 By Nancy Crotti Leave a Comment

Eight top executives have departed wound care giant Acelity following its recent $6.7 billion purchase by 3M (NYSE:MMM), according to a report in the San Antonio Express-News. The executives include Acelity CEO Andrew Eckert, president & COO Gaurav Agarwal, CFO Tracy Jokinen, general counsel John Bibb, international president Ramesh Subrahmanian and Rohit Kashyap, president of global […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Wound Care Tagged With: 3m, Acelity

5 ways medtech research aims to help veterans

November 7, 2019 By Nancy Crotti Leave a Comment

As the United States prepares to honor its military veterans on Monday, medtech researchers are working to help survivors wounded in battle, both in body and mind. Whether the research comes out of government, industry or academia, there’s also a desire to help veterans facing other health challenges. Get the full story on our sister […]

Filed Under: Big Data, Electronic Medical Records (EMR), Featured, Imaging, Neurological, News Well, Regenerative Medicine, Research & Development, Respiratory, Surgical, Transplants, Wound Care Tagged With: DARPA, stratasys, U.S. Department of Veterans Affairs

Smith & Nephew beats on Q3 sales, raises outlook

October 31, 2019 By Brad Perriello Leave a Comment

Smith & Nephew (NYSE:SNN) today reported third-quarter revenues that beat the consensus forecast and raised its outlook on the rest of the year. The London-based orthopedics and wound care giant posted sales growth of 6.6% to $1.25 billion for the three months ended Sept. 28, compared with Q3 2018. Analysts were looking for sales of […]

Filed Under: Featured, MassDevice Earnings Roundup, Orthopedics, Wall Street Beat, Wound Care Tagged With: Smith & Nephew

Sanara MedTech closes $10m equity offering

October 21, 2019 By Sean Whooley Leave a Comment

Sanara MedTech said last week that it closed a private equity offering worth $10 million in common stock. The offering included more than 1.2 million newly issued shares at $8.30 each, according to Forth Worth, Texas-based Sanara, formerly known as Wound Management Technologies. They were sold to three unnamed investors, according to a regulatory filing. […]

Filed Under: Funding Roundup, Wound Care Tagged With: Sanara

Smith & Nephew taps ex-Roche chief Diggelman for CEO | Personnel Moves, October 21, 2019

October 21, 2019 By Brad Perriello Leave a Comment

Smith & Nephew (NYSE:SNN) today named former Roche (PINK:RHHBY) chief Roland Diggelmann to replace Namal Nawana next month. Nawana, named to succeed Olivier Bohuon last year, is stepping down effective Nov. 1 “to pursue other opportunities outside of the U.K.,” the London-based healthcare giant said. Nawana is slated to stay on until Dec. 31 to […]

Filed Under: Featured, Orthopedics, Wall Street Beat, Wound Care Tagged With: Accuray Inc., Alphabet (Google), conformis, Forward Industries, imperativecare, Magnetic Insight, Medtronic, Orchestra BioMed, Personnel Moves, Pi-Cardia, Smith & Nephew, Xtant Medical

Report: Sanofi is shopping SepraFilm unit to Baxter

October 17, 2019 By Brad Perriello Leave a Comment

Sanofi (NYSE:SNY) is said to be in advanced talks with BAX to sell its Seprafilm surgical products business for up to $400 million. SepraFilm is designed to prevent adhesion after abdominal surgeries. The French drugmaker, which acquired SepraFilm in 2011 when it paid $20.1 billion for Genzyme, wants to close the deal “with the next few […]

Filed Under: Featured, Mergers & Acquisitions, Surgical, Wall Street Beat, Wound Care Tagged With: Baxter, Sanofi

Admedus deals biologic patch business to LeMaitre Vascular for $24m

October 15, 2019 By Brad Perriello Leave a Comment

Admedus (ASX:AHZ) dealt its biologic patch business to LeMaitre Vascular (NSDQ:LMAT) in a deal worth up to $24.6 million to focus on the transcatheter aortic valve replacement market. The A$36.2 million buyout of the CardioCel and VascuCel patches called for LeMaitre to put up $14.2 million up front, with another $1.4 million due in a pair […]

Filed Under: Featured, Mergers & Acquisitions, Regenerative Medicine, Vascular, Wall Street Beat, Wound Care Tagged With: Admedus Ltd., LeMaitre Vascular Inc.

3M closes $6.7B Acelity buyout

October 15, 2019 By Brad Perriello Leave a Comment

3M (NYSE:MMM) last week closed the $6.7 billion buyout of wound care giant Acelity from the private equity consortium that took the company private back in 2011. San Antonio, Texas-based Acelity, which had registered for an initial public offering a month before 3M floated its offer, was formed after Apax Partners and a pair of Canadian pension […]

Filed Under: Featured, Mergers & Acquisitions, Wall Street Beat, Wound Care Tagged With: 3m, Acelity

Supremes deny Zimmer Biomet in $250m loss to Stryker

October 7, 2019 By Brad Perriello Leave a Comment

The U.S. Supreme Court today declined to take up the Zimmer Biomet (NYSE:ZBH) appeal of a $248 million loss to Stryker (NYSE:SYK) in a patent infringement case. The case dates back to December 2010, when Stryker sued orthopedics rival Zimmer, alleging infringement of 3 patents covering wound debridement technology by Zimmer’s Pulsavac Plus device. Last December the U.S. Court […]

Filed Under: Featured, Patent Infringement, Wound Care Tagged With: Stryker, Zimmer Biomet

Imbed Biosciences wins $1.5m NIH grant

October 1, 2019 By Sean Whooley Leave a Comment

Imbed Biosciences said last week that it received a $1.5 million grant from the National Institutes of Health to develop a bioresorbable, antibacterial wound dressing. Fitchburg, Wis.-based Imbed said the two-year Small Business Innovation Research grant, from the NIH’s National Institute for Arthritis & Musculoskeletal & Skin Diseases, is for R&D on a bioresorbable wound […]

Filed Under: Funding Roundup, Regenerative Medicine, Wound Care Tagged With: Imbed Biosciences, National Institutes of Health (NIH)

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