Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, May 3, 2023.
With a focus on innovation and strategic acquisitions, Zimmer Biomet is well-positioned to maintain its leadership position in the orthopedic market. Fast Five hosts Danielle Kirsh and Sean Whooley discuss Zimmer Biomet’s first-quarter earnings results this week and how investors reacted.
Dexcom’s recently proposed $1 billion offering of convertible senior notes is a sign of the company’s commitment to expanding its business and developing new technologies. Whooley gives listeners the financial details of the offering and what it earmarked those funds for.
Stryker’s acquisition of Cerus Endovascular is an important step toward expanding its portfolio of neurovascular devices. With the increasing demand for minimally invasive neurosurgery techniques, companies like Stryker are well-positioned to capitalize on this trend and provide innovative solutions for patients. Whooley explains how Cerus Endovascular will expand Stryker’s vast portfolio.
The layoffs at 3M, including 1,100 at its Minnesota HQ campus, are a reflection of the ongoing challenges facing many companies in the medical device industry. Whooley and Kirsh talk about the layoffs and if they may affect 3M’s Health Care spinoff.
The mistrial in the Masimo trade secret suit against Apple highlights the challenges facing companies in protecting their intellectual property in the fast-paced and highly competitive medical device industry. With the increasing use of digital health technologies and the growing importance of data privacy and security, companies must remain vigilant in protecting their valuable assets and proprietary information. Whooley and Kirsh take a look at the trial and what this could mean for other digital health companies.
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