Abbott (NYSE:ABT) shares are down before hours on fourth-quarter results that beat the consensus forecast. Shares of ABT dipped 1.7% at $110.66 apiece before the market opened today. The Abbott Park, Illinois-based company posted profits of $1.03 billion. That amounts to 59¢ per share on sales of $10.1 billion for the three months ended Dec. […]
MassDevice Article Archive
How BD is getting more proactive about medtech cybersecurity
Medtech giant BD today detailed how it has taken proactive steps to ensure medtech cybersecurity in an increasingly critical environment. “Medical device cybersecurity has become more critical than ever as the number of smart, connected devices grows and healthcare expands into more care settings, including patient homes,” said Rob Suárez, the company’s chief information security […]
Intuitive stock down amid next-gen robot disappointment
Intuitive Surgical (Nasdaq:ISRG) shares took a hit after an earnings call in which CEO Gary Guthart pushed back the timing of a potential next-gen surgical robotics multiport system. “As we start this year, we do not currently expect a new multiport system launch in 2023,” Guthart said in a call with analysts this evening. Later […]
Icotec wins FDA clearance for Vader pedicle screws
Icotec this week announced it received FDA 510(k) clearance to market its Vader pedicle screw system. The Vader system includes 4.5 mm pedicle screws and extended long carbon/PEEK rods made from BlackArmor. Vader’s extended pedicle screw system is indicated for open, MIS and cement-augmented surgical techniques while providing additional options for stabilizing the upper-thoracic region […]
FDA expands access to BioVentrix ischemic heart failure treatment
BioVentrix announced today that it received FDA approval for its application for an expanded access program for the Revivent TC system. San Ramon, California-based BioVentrix designed the Revivent TC system to support a minimally invasive heart procedure. It treats a dilated left ventricle of patients with ischemic heart failure. They also have reduced ejection fraction […]
Danaher grows profits 24% in Q4
Danaher (NYSE:DHR) this week posted fourth-quarter results that beat the overall consensus on Wall Street. The Washington, D.C.-based company reported profits of $2.2 billion, or $2.99 per share, on sales of $8.4 billion for the three months ended Dec. 31, 2022, for a bottom-line gain of 24.8% on sales growth of 2.7% compared with Q4 2021. […]
HeartBeam appoints new president
HeartBeam (Nasdaq:BEAT) announced today that it appointed Robert Eno to its newly created position of president. Eno’s responsibilities include the company’s strategic direction, commercialization efforts and day-to-day operations. His role includes these responsibilities over the HeartBeam AIMI and HeartBeam AIMIGo platforms. The Santa Clara, California-based company designed AIMIGo as a credit card-sized, 12-lead 3D vector […]
Eli Lilly to invest $450M in North Carolina diabetes treatment manufacturing facility
Eli Lilly (NYSE:LLY) announced today that it plans to invest an additional $450 million at a North Carolina manufacturing facility. Lilly expects the investment to create at least 100 new jobs at the Research Triangle Park, North Carolina, plant. Its expansion includes additional parenteral filling, device assembly and packaging capacity. Indianapolis-based Lilly said this expansion […]
Johnson & Johnson reports mixed Q4 results amid shaky economy
Johnson & Johnson (NYSE:JNJ) today reported Q4 results that beat The Street on earnings but missed on revenue amid continued macroeconomic challenges. The company’s Pharmaceutical business saw sales grow 6.8%. Meanwhile, Johnson & Johnson MedTech — fresh off its $16.6 billion acquisition of Abiomed — was up 6.1%. Electrophysiology products in Interventional Solutions, contact lenses […]
3M announces mixed Q4 results, will reduce manufacturing workforce by 2,500
3M (NYSE:MMM) today announced fourth-quarter financial results that missed the consensus earnings per share (EPS) forecast. The company also announced that it plans to reduce its global manufacturing workforce by 2,500. 3M Chair and CEO Mike Roman attributed the decision to a need to align with adjusted production volumes. MMM shares dipped 4.5% at $117.11 […]
NeuroMetrix launches peripheral neuropathy test
NeuroMetrix (Nasdaq:NURO) announced today that it commercially launched its DPNCheck 2.0 point-of-care device. Woburn, Massachusetts–based NeuroMetrix designed DPNCheck 2.0 to use nerve conduction technology to detect peripheral neuropathy. DPNCheck 2.0 provides rapid patient screening with quantitative measurement of peripheral nerve function. It features an easy-to-use touchscreen, step-by-step onboarding instructions and improved temperature compensation. Additionally, it […]
