Bioventus (Nasdaq:BVS) announced today that it successfully completed the divestiture of its Advanced Rehabilitation business. The Durham, North Carolina-based company divested the unit to Accelmed Partners. Accelmed, a private equity (PE) firm, focuses on acquiring and growing commercial-stage healthtech companies. Bioventus initially announced the deal to divest Advanced Rehabilitation on Oct. 1, 2024. The company […]
Wound Care
Smith+Nephew layoffs cut beyond Memphis and the ortho business
Former employees at Smith+Nephew (NYSE:SNN) say the device developer’s recent layoffs went beyond what the company has publicly acknowledged. MassDevice was first to report layoffs by Watford, England–based Smith+Nephew to its orthopedics business this month, with the company confirming about 150 job eliminations in Memphis, Tennessee Now, employees in other parts of the U.S. who […]
Integra Lifesciences appoints Mojdeh Poul as CEO
Integra Lifesciences today announced it named Mojdeh Poul as president and CEO, effective January 6, 2025. Poul will also join the Integra board when she assumes her new role at the New Jersey–based tissue regeneration and neurological treatment technology companies in January. She succeeds Jan De Witte, who will remain president and CEO until January […]
Solventum unveils innovative wound dressing for VAC therapy
Solventum (NYSE:SOLV) today announced that it’s launched its VAC Peel and Place Dressing, with an all-in-one, extended-wear design to enhance negative pressure wound therapy. The Maplewood, Minnesota–based company, spun out of 3M in April, said health providers can apply the new VAC dressing in less than two minutes, a 61% time reduction from previous dressings. […]
InfuSystem, Smith+Nephew ink wound therapy distro deal
InfuSystem (NYSE:INFU) announced today that it entered into a distribution agreement with Smith+Nephew for its Renasys Edge system. The companies entered into a three-year deal for the Smith+Nephew negative pressure wound therapy (NPWT) system and supplies. Smith+Nephew launched the Renasys Edge system in the U.S. in April. Renasys Edge has a user-friendly interface with step-by-step […]
Integra LifeSciences to restart tissue tech manufacturing in Massachusetts
Integra LifeSciences announced today that it plans to restart the manufacturing of two products at a new facility in Massachusetts. The company plans to resume manufacturing for PriMatrix and SurgiMend at its new Braintree, Massachusetts, facility. Princeton, New Jersey-based Integra expects to operationalize the plant in the first half of 2026. Integra’s shift comes following […]
Avita Medical appoints new chief legal, compliance officer
Avita Medical (Nasdaq: RCEL) this week announced it appointed Nicole Kelsey as chief legal and compliance officer and corporate secretary, effective July 1. Kelsey joins the wound care management company with more than two decades of executive legal experience in M&A, securities, and governance. She was most recently the chief legal officer and secretary for […]
Integra Lifesciences posts mixed-bag Q1 results as Boston distribution facility faces another setback
Integra LifeSciences today announced first-quarter results that beat the revenue consensus on Wall Street and matched earnings estimates. The Princeton, N.J.-based company reported profit losses of $3.3 million, or -4¢ per share, on sales of $368.9 million for the three quarters ended March 31, 2024. Sales for Q1 were down slightly from the same period […]
Axogen announces first surgical implant of Avive+ Soft Tissue Matrix
Axogen (Nasdaq:AXGN) this week announced the first surgical implantation of its Avive+ Soft Tissue Matrix. Avive+ is a resorbable, multi-layer, placenta-based allograft that provides temporary protection and tissue separation during the critical phase of nerve healing. The soft tissue matrix is processed and distributed as a 361 tissue product in accordance with FDA Good Tissue Practices […]
Smith+Nephew rolls out new chronic wound treatment tech
Smith+Nephew announced today that it launched its Renasys Edge negative pressure wound therapy (NPWT) system in the U.S. London-based Smith+Nephew began the rollout in the U.S. as a patient-centric option for treating chronic wounds. The lightweight, compact system features a discreet canister and users can easily carry or wear it. It also operates quietly so […]
Fast Company names 10 medtech companies as most innovative of 2024
Fast Company recently named 10 medical device companies as some of the most innovative companies of 2024. Each year, Fast Company releases its list of the world’s most innovative companies. The list covers 58 industries and sectors, ranging from advertising to video. Companies on the “Most Innovative” list apply to be included, and then Fast […]
