The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
Cook Medical
Cooper Companies spends $300M on some Cook Medical product lines
Cook Medical today agreed to sell some reproductive health and otolaryngology product lines to Cooper Cos., the companies announced. The purchase price was $300 million. The products in the sale represent about 2.5% of Cook Medical’s sales. Manufacturing will get transferred to Cooper Cos. over a two-year period. The news comes about three months after […]
Cook Medical wins Vizient’s supplier of the year award
Cook Medical announced on Tuesday that it won the 2023 Vizient Supply Assurance Supplier of the Year Award. The company received the award at the 2023 Vizient Connections Summit. It said the award demonstrates its transparency and commitment to communication during the supply chain process. Vizient’s award goes to a company that demonstrates flexibility, innovation […]
Cooper Companies abandons $875M Cook Medical Reproductive Health business acquisition
The FTC issued a statement announcing that it learned that the Cooper Companies terminated its planned acquisition of a Cook Medical business. In February 2022, Cook Medical signed a letter of intent to sell its Reproductive Health business to CooperCompanies. The deal totaled $875 million. Cooper agreed to pay $675 million at closing and the […]
Cook Medical gets FDA nod for endovascular graft trial for treating aortic aneurysm
Cook Medical received FDA approval to initiate an investigational device exemption (IDE) study for an aortic aneurysm treatment. The study will evaluate the Zenith Fenestrated + Endovascular Graft (ZFEN+). It assesses the safety and effectiveness of ZFEN+ in combination with Bentley’s InnoMed BeGraft balloon-expandable Fevar bridging stent graft system. The companies aim to look at […]
Cook Medical is laying off 500 workers amid strategic realignment
Cook Medical announced today that it will lay off 500 workers — about 4% of its global workforce. In a message to employees posted on the Bloomington, Indiana–based medtech company’s website, Cook Medical President Pete Yonkman described the layoffs as the “most difficult decision we have had to make in support of our strategy.” “The […]
Cook Medical treats first patients with venous valve
Cook Medical today announced the first patient treated in a study evaluating its new venous valve for treating chronic venous insufficiency. Dr. Mauricio Alviar, a principal investigator, treated the first patient in the clinical study. Alviar serves as a vascular surgeon at Clinica de la Costa in Barranquilla, Colombia. Deployment took a few minutes, Alviar […]
Cook Medical, Vizient ink contract for endoscopy devices
Cook Medical announced today that it received a contract with Vizient covering the company’s endoscopy devices. The contract enables Cook to continue offering its endoscopy devices at negotiated pricing terms to Vizient members. Get the full story at our sister site, Medical Tubing & Extrusion.
Cook Medical launches urological bipolar electrodes porfolio
Cook Medical announced today that it has launched a streamlined portfolio of urological bipolar electrodes in the U.S. The electrodes are for daily use in bladder and prostate procedures. The new portfolio includes seven products. Six have configurations for use in transurethral resection, ablation and soft tissue removal of the prostate and bladder, and where […]
6 drug delivery innovations you need to know
From wearable insulin delivery devices to drug-eluting implants and everything in between, drug delivery innovation never stops. Vaccines, life-saving therapeutics, vision-correcting drugs and more are being developed and marketed for delivery with all kinds of technologies. More than a year ago, we compiled a list of eight drug delivery innovations you need to know. With some […]
Cook Medical makes next-gen in vitro fertilization incubator available in U.S., Canada
Cook Medical announced today that it launched the next-generation MINC+ benchtop incubator in the U.S. and Canada. Bloomington, Indiana-based Cook Medical designed its MINC+ platform as the latest iteration of the MINC mini incubator benchtop system that has been in in-vitro fertilization (IVF) clinics for more than two decades. The latest version of MINC includes the […]