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Home » MedTech 100 roundup: Industry climbs again

MedTech 100 roundup: Industry climbs again

June 21, 2021 By Sean Whooley

MedTech 100 IndexThe medtech industry built off a strong performance two weeks ago with another uptick in the midst of an up-and-down year.

MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (June 18) at 110.64 points, producing a 0.9% rise from the 109.63-point mark set one week prior (June 11). In all, the industry has risen 3.4% over the past two weeks.

The recent upswing provides a welcome sight after the industry’s progress came to a halt with a -1.4% dip earlier this month. The index looks poised to pick up again as it nears the high points registered when April brought the industry’s all-time best performance.

Even with some recent setbacks, medtech’s performance continues to reflect an overall rebound from the struggles brought on by the COVID-19 pandemic, too. The industry has registered a 19.8% rise from the pre-pandemic high of 92.32 (set on Feb. 19, 2020), plus a 78.1% increase from the mid-pandemic low of 62.13 (March 23, 2020).

The overall markets went the other way compared to medtech this past week, as the S&P 500 Index fell -1.9% and the Dow Jones Industrial Average fared slightly better, dipping by -0.5%.

Medtech companies continue to rebound from the COVID-19 pandemic more than a year later. Here are some of the major highlights from the past week:

  • Hologic completes $795M Mobidiag acquisition
  • What medtech’s top executives learned from their dads
  • Contract manufacturers fuel medtech expansion in Costa Rica
  • MedTech Innovator selects 50 startups for showcase and accelerator program
  • Fractyl raises $100M for diabetes reversal tech, renamed as Fractyl Health
  • Merck spinoff Organon completes Alydia Health acquisition
  • Former FDA commissioner Hahn to join VC behind Moderna

Filed Under: Business/Financial News, Featured, Funding Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Fractyl Health, Hologic, MedTech 100 Index, Merck, Organon

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  • Nasdaq grants Titan Medical 180-day extension to regain compliance
  • Aerin Medical reports positive 4-year results for VivAer treatment
  • Blackrock Neurotech and Pitt work on first at-home BCI system for remote trials
  • How medical device companies are responding to abortion bans

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