Johnson & Johnson, Steris, Philips, Fujifilm Holdings and Boston Scientific were recently named among Forbes’ best large employers in America, based on feedback from their employees. Forbes partnered with a market research firm to survey 50,000 Americans working for businesses with at least 1,000 employees. Survey participants were asked to rate their willingness to recommend their employer […]
3m
DTW Podcast: Zimmer Biomet slims, Corza Medical grows in pursuit of grabbing market share
In this week’s DeviceTalks Weekly Podcast, Rich Newitter, managing director at SVB Leerink, says Zimmer Biomet’s decision to spin out its spinal and dental business will accelerate its already impressive market share grab in its core orthopedics industry. Newitter says CEO Bryan Hanson brings a tried-and-true diversification model used by companies like his former employer, […]
MedTech 100 roundup: Index hits another all-time high
The beginning of February brought yet another peak for medtech stocks. MassDevice‘s MedTech 100 index ended the week (Feb. 5) at 108.23 points, marking a 4% rise from the 104.05-point mark set at the end of the previous week (Jan. 29). The final mark for the week sets an all-time best for the index, which had […]
3M, Abbott in top 50 of Fortune’s most admired companies list
Medtech giants 3M (NYSE:MMM) and Abbott (NYSE:ABT) made it into the top 50 of Fortune‘s 2021 World’s Most Admired Companies list. 3M — a manufacturing conglomerate that also has one of the largest medical device businesses in the world — came in at No. 24, up from No. 29 in the 2020 list. Abbott meanwhile was No. […]
MedTech 100 roundup: January ends with a dip
After spending several weeks on the ascent, medtech stocks leveled out a bit to end January, ending a run of several new highs in 2021. MassDevice‘s MedTech 100 index ended the week (Jan. 29) at 104.05 points, marking a -2.2% drop from the 106.4-point mark set at the end of the previous week (Jan. 22). The […]
3M ticks up on Street-beating Q4, strong healthcare performance
3M (NYSE:MMM) shares ticked up before hours today on fourth-quarter results that came in ahead of the consensus forecast. The St. Paul, Minn.-based company posted profits of $1.4 billion, or $2.38 per share, on sales of $8.6 billion for the three months ended Dec. 31, 2020, for a 43.3% bottom-line gain on sales growth of 5.8%. […]
Biden’s COVID-19 response will make manufacturers busy
Manufacturers of vaccine supplies and personal protective equipment can expect more work as the new Biden administration rolls out its plans to combat the COVID-19 pandemic. In one of his first official acts as president, Joe Biden announced a plan to “fully use” the Defense Production Act to ramp up production of testing supplies, masks, […]
3M, Honeywell gain antitrust protection to boost N95 mask supply
3M (NYSE:MMM) and Honeywell (NYSE:HON) are among 60 companies and trade groups sharing production, distribution and pricing information under FEMA-led efforts to secure supplies of products needed to combat COVID-19, according to a Wall Street Journal report. The information-trading project, taking place under the Defense Production Act, is protected from antitrust scrutiny. 3M and Honeywell are major […]
BREAKING: Big medtech suspends political contributions in wake of Electoral College vote
Just as they lined up to condemn last week’s attack on the U.S. Capitol, major medtech companies are suspending political contributions. Boston Scientific announced on Sunday that it has chosen to temporarily suspend its political action committee (PAC) activity and “review our approach to future contributions. “As we shared last week, we believe in respecting […]
PPE makers want revamp of pandemic planning and supply distribution
Personal protective equipment manufacturers are asking the federal government to beef up its planning for and management of future pandemics to avoid the shortages that have endangered healthcare workers during COVID-19. Representatives of the International Safety Equipment Association (ISEA), which includes the major manufacturers of N95 masks, told reporters today that they plan to ask the federal […]
How did medtech companies score on environmental stewardship list?
Medical Design & Outsourcing recently rated the world’s largest medical device companies — the Big 100 — for their sales numbers and R&D spend. Now we can share how some of them scored on an environmental nonprofit’s annual list of companies ranked for their actions on climate change. Not-for-profit organization CDP (Stockholm, Sweden) runs a global disclosure system for […]
