AdaptHealth (NSDQ:AHCO) announced today that it upsized and priced an underwritten offering of common stock at approximately $124 million. Plymouth Meeting, Pa.-based AdaptHealth is offering 8 million shares of its Class A common stock at $15.50 per share. The maker of home medical equipment, supplies and related services had previously set the offering at 6.5 […]
Smith & Nephew expects 29% sales dip in Q2
Smith & Nephew (NYSE:SNN) said today it expects second-quarter revenues to dip by 29% due to the coronavirus pandemic, although results gradually improved as time went on. Sales were hardest hit in the company’s orthopedic reconstruction, sports medicine and ENT businesses due to the pandemic-related lockdown and pause in elective surgeries. The company’s advanced wound management […]
Sanuwave announces intent to acquire Celularity’s UltraMist
Sanuwave Health (OTC:SNWV) announced that it entered into an exclusive agreement to acquire Celularity’s UltraMist ultrasound healing therapy platform. The non-binding letter of intent includes the acquisition of UltraMist and exclusive partnership rights for Celularity’s wound care biologic products, according to a news release. Celularity develops allogeneic cellular therapies engineered from postpartum human placenta, in cancer, […]
Support grows for return of medtech reps to hospitals
Twenty-six more medical and surgical societies and healthcare associations have endorsed guidelines for the safe return of medtech company representatives to healthcare facilities during the coronavirus pandemic. The guidance, released in May by AdvaMed, the Association of periOperative Registered Nurses (AORN) and the American Hospital Association (AHA), builds on the April 17 joint statement by AHA, […]
Sanuwave partners with The Mobile Health Company
Sanuwave Health announced that it is partnering with its former president’s new business, The Mobile Health Company (MHC). Former Sanuwave president Shri Parikh launched MHC as a mobile solution for wound care and other treatments to be streamlined directly to a patient’s home setting. In launching MHC, Shri is resigning from Sanuwave, but will remain […]
Integra touts outcomes, cost-savings in wound-healing studies
A pair of retrospective studies of an Integra LifeSciences (NSDQ:IART) wound-healing matrix showed positive clinical and economic results, the company announced on Friday. The studies looked at the results of complex lower extremity reconstruction using Integra’s bilayer wound matrix. The data were published in Plastic and Reconstructive Surgery. The bilayer wound-healing matrix is formulated to provide […]
Medcura relocates corporate headquarters
Medcura today said it moved its headquarters to a new purpose-built facility in Riverdale, Md. The company chose the Discovery District of Riverdale, Md. to manufacture and commercialize its product line. Medcura plans to manufacture core cGMP compliant hemostatic and wound treatment materials at a manufacturing scale necessary to launch commercially. “Expanding into this new […]
Clozex wound closure system wins FDA approval
Clozex Medical this week said it won FDA approval for its wound closure system. The Clozex system treats minor cuts and lacerations from home safely without having to go to a doctor. “Statistics are showing us that as many as 75% of ER visits are potentially preventable visits, and the number three reason for an […]
Smith & Nephew expects Q1 revenue to be down 8% amid coronavirus
Smith & Nephew (NYSE:SNN) announced today that it is withdrawing its 2020 full-year financial guidance and projecting a sizeable decline in first-quarter revenue growth as a result of the COVID-19 pandemic. The London-based medtech giant’s guidance, issued on Feb. 20, assumed a normalization of the coronavirus outbreak early in the second quarter. However, given the rapid […]
MiMedx appoints new CFO
MiMedx recently announced that it appointed Peter Carlson as chief financial officer, effective March 19. Carlson previously served as the company’s executive VP of finance and joined MiMedx in December last year. “I am extremely pleased to have Pete Carlson on board and appointed as our chief financial officer,” CEO Timothy Wright said in a […]
These ‘smart’ bandages could heal chronic wounds
UConn biomedical engineers are touting a wirelessly controlled “smart” bandage and corresponding platform for delivering medications to chronic, non-healing wounds. UConn’s School of Dental Medicine, School of Medicine and School of Engineering comprise the biomedical engineering department, which contributed to developing the smart bandage. Ali Tamayol, an associate professor at UConn, led the development of […]
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