Wound care company Acelity is set to lay off 68 employees in San Antonio, Texas, according to a report from the San Antonio Express-News. The employees are slated to be released from their positions on May 8, according to a Workforce Adjustment and Retraining Notification Act notice from the Texas Workforce Commission posted this week. […]
Wound Care
RenovaCare strikes back at shortseller Streetsweeper
RenovaCare late yesterday issued a response to shortseller Streetsweeper after the group released a scathing review of the company that was skeptical of it’s ability to hold its market valuation. The Gainesville, Fla.-based company strongly rejected the firm’s assessment, saying that Streetsweeper is known for spreading “short and distort” commentaries on companies it targets for short […]
Avita wins expanded FDA compassionate use for ReCell device
Avita Medical (ASX:AVH) said today the FDA approved an expansion to the number of patients treatable by its ReCell device under the compassionate use investigational device exemption program by 20 individuals. The ReCell autologous cell harvesting device is designed to use the patient’s own skin cells to treat a variety of skin issues, including burns, reconstructive and […]
Ex-Advanced BioHealing exec draws probation in VA fraud case
A former Advanced BioHealing executive who admitted to federal charges that he bribed U.S. Veterans Affairs Dept. doctors to use the company’s DermaGraft biologic wound dressing last week drew probation in the case. Federal had prosecutors accused Todd Clawson, who left the company in 2012, of participating in a scheme to bribe VA physicians to use the DermaGraft diabetic […]
Smith & Nephew looks to $160m cost-cutting as 2017 earnings top estimates
Perhaps seeking to stave off a hedge fund’s carveout push, Smith & Nephew (NYSE:SNN) today revealed a cost-cutting program it hopes will pare $160 million from its annual operating budget and posted 2017 results that beat earnings expectations. Last year Elliott Management took out a stake in the British orthopedic and wound care firm, leading to […]
Hollister plans to deal portions of wound care biz
Hollister said late last week it is divesting a portion of its wound care business, including its Hydrofera Blue, Endoform, Triact and FastCast products. The Libertyville, Ill.-based company’s Hydrofera and Endoform businesses are actively being transitioned to new owners who will continue to manufacture and deliver the products, Hollister said. “For more than 95 years, […]
RenovaCare touts data from 44-patient SkinGun burn treatment retrospective analysis
RenovaCare today released results from a retrospective analysis of 44 patients with severe second-degree wide-area burn injuries who were treated with the technology underlying the company’s SkinGun and CellMist system. Results from the analysis were published in the peer-reviewed journal Burns, the company said. “Treated patients presented with a variety of burn wound etiologies and a […]
Prescient Surgical wins FDA nod for CleanCision wound retraction system
Surgical device spin-out Prescient Surgical said today it won FDA clearance for its CleanCision wound retraction and protection system. The San Carlos, Calif.-based company, which was spun out of the Stanford Byers Center for Biodesign in 2012, said its CleanCision device is the 1st in a new category of irrigating wound protection devices, as classified by […]
Chemence Medical wins FDA nod for Exofin Fusion skin closure system
Chemence Medical said today it won FDA clearance for its Exofin Fusion skin closure system designed for medium to large wounds. The Exofin Fusion skin closure system features a self-adhering mesh strip, mesh anchors and a fast-curing 2-octyl cyanoacrylate topical adhesive to close and seal large incisions and form a microbial barrier to protect from infections, […]
Smith & Nephew launches MolecuLight i:X wound bacteria visualizer in Europe
Smith & Nephew (NYSE:SNN) said today it launched the MolecuLight i:X handheld imaging device designed to assess wound surface area and help visualize harmful bacteria within the wounds in Europe. The device is designed to improve wound assessments, which are currently made without tools, the company said. The system uses fluorescence to help visualize potentially harmful […]
Smith & Nephew takes $5m hit from hurricanes
Smith & Nephew (NYSE:SNN) said today that it took a $5 million hit during the third quarter from the hurricanes that devastated Texas and Puerto Rico and guided toward the low end of its outlook for the rest of the year. The British orthopedics and wound care giant, which only reports profit numbers at the […]