Bioventus (Nasdaq:BVS) announced today that it successfully completed the divestiture of its wound business to LifeNet Health. Earlier this month, the Durham, North Carolina-based company announced an agreement to divest the business to LifeNet. The sale includes Bioventus’ skin substitutes, TheraSkin and TheraGenesis. The transaction includes a total cash consideration of $85 million. That features […]
Wound Care
Bioventus divests wound business to LifeNet Health
Bioventus (Nasdaq:BVS) announced today that it signed a definitive agreement to sell its wound business to LifeNet Health. Durham, North Carolina-based Bioventus’ sale includes its skin substitutes, TheraSkin and TheraGenesis. The transaction includes a total cash consideration of $85 million. That features $35 million at close, $5 million deferred 18 months and $45 million in […]
FDA clears Veraflo therapy dressings from 3M
3M (NYSE:MMM) announced today that it received FDA clearances for its Veraflo therapy with two different dressings. The clearances cover the Veraflo Cleanse Choice Complete dressing and V.A.C. Veraflo Cleanse Choice dressing. 3M said they received the first-ever FDA clearance for hydromechanical removal of infectious materials, non-viable tissue and wound debris. This reduces the number […]
Integra LifeSciences stock takes a hit despite Street-beating Q1
Integra LifeSciences shares dipped today despite first-quarter results that beat the consensus revenue forecast. Shares of IART slid 8.5% to $53.84 apiece as the market opened today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 1.4%. BTIG analyst Ryan Zimmerman said an implied set-up for the […]
Candela launches radiofrequency microneedle system
Candela announced today that it launched its new Profound Matrix system for radiofrequency-delivered skin treatments. Marlborough, Massachusetts-based Candela designed the Profound Matrix system to correct, maintain and restore skin. The multi-application system utilizes the Sublime, Sublative RF and new Matrix Pro applicators. Sublime and Sublative RF deliver bipolar radiofrequency (RF) treatments that improve the appearance […]
MiMedx appoints Joseph Capper as CEO
MiMedx (Nasdaq:MDXG) today announced it appointed Joseph Capper as CEO and director, effective immediately. He replaces interim CEO Todd Newton, who was appointed in September 2022. Newton will remain in his role on the Board of Directors at the Marietta, Georgia–based advanced wound care and therapeutic biologics company. Capper has nearly 30 years of medtech and […]
Integra Lifesciences’ CFO is leaving for the soup business
Integra Lifesciences CFO Carrie Anderson is leaving to take a job at another New Jersey–based company, but it’s not a medtech business. Campbell Soup Co. announced today that Anderson will become its EVP and CFO, effective Feb. 6. She succeeds Mick Beekhuizen, who became president of the Camden, New Jersey–based company’s Meals & Beverages division […]
Able Medical launches Valkyrie looped sternotomy sutures
Able Medical Devices announced today that it launched its Valkyrie looped sternotomy sutures for use after open heart surgery. Marquette, Michigan–based Able Medical designed the stainless steel sutures to close a patient’s chest after open heart surgery. Compared to traditional wire sutures, Valkyrie doubles the surface area of single wires and provides a more robust […]
Integra LifeSciences completes Surgical Innovation Associates acquisition
Integra LifeSciences (Nasdaq:IART) announced today that it completed its acquisition of Surgical Innovation Associates (SIA). Princeton, New Jersey-based Integra announced that it agreed to acquire SIA last week. SIA develops, markets and sells the DuraSorb resorbable synthetic matrix for plastic and reconstruction surgery. Integra believes the acquisition advances its global strategy in breast reconstruction. The deal expands […]
Integra LifeSciences to acquire Surgical Innovation Associates
Integra LifeSciences (Nasdaq:IART) announced today that it entered into a definitive agreement to acquire Surgical Innovation Associates (SIA). SIA develops, markets and sells the DuraSorb resorbable synthetic matrix for plastic and reconstruction surgery. Princeton, New Jersey–based Integra said in a news release that the acquisition advances its global strategy in breast reconstruction. The deal expands […]
3M’s V.A.C. Therapy hits 2,000 medical journal studies mark
3M (NYSE:MMM) Healthcare’s Medical Solutions Division announced the surpassing of 2,000 published studies for its V.A.C. Therapy. Maplewood, Minnesota-based 3M’s V.A.C. delivers negative pressure wound therapy (NPWT). The company said it’s the only NPWT tech to hit the milestone of 2,000 published, peer-reviewed medical journal studies. According to a news release, V.A.C. therapy accounts for […]
