Google (NSDQ:GOOG) has picked up former Geisinger Health CEO David Feinberg to lead its fragmented health divisions under the Google Health moniker, according to a recent CNBC report. The tech giant had been searching for a head for several months, with artificial intelligence head Jeff Dean heavily involved in the process, according to the report. Other […]
Accuray posts mixed bag FY2019 Q1 earnings
Accuray (NSDQ:ARAY) today released fiscal year first quarter earnings that beat Wall Street expectations for sales, but missed on loss-per-share consensus. The Sunnyvale, Calif.-based company posted losses of $9.2 million, or 11¢ per share, on sales of $95.8 million for the three months ended September 30, seeing losses shrink 1.9% while sales grew 5.4% when compared […]
These 10 medtech companies care a lot about research
These 10 medical device companies spent the largest portion of their budgets on research and development. Here’s a look at what they produced. Each year, Medical Design & Outsourcing compiles a list of the top 100 medical device companies across the globe and ranks the companies based on annual revenue for the most recent fiscal […]
Accuray touts high survival rate, low toxicity in Cyberknife studies
Accuray (NSDQ:ARAY) today released data from two studies of its CyberKnife stereotactic body radiotherapy device exploring its use in treating patients with low and intermediate-risk prostate cancer, touting high survival rates and minimal toxicity. The Sunnyvale, Calif.-based company touted the studies as the largest conducted to date evaluating stereotactic body radiation therapy in patients with localized […]
Accuray shares rise on Street-topping Q4, FY2018 earnings
Shares in Accuray (NSDQ:ARAY) rose today after the medical device maker beat expectations on Wall Street with its fourth quarter and full fiscal year 2018 earnings. The Sunnyvale, Calif.-based company posted losses of $946,000 or 1¢ per share, on sales of $113.8 million for the three months ended June 30, seeing losses shrink 82% while sales […]
7 medtech stories we missed this week: June 22, 2018
From Accuray’s India approval to Masimo and PositiveID launching a Bluetooth-enabled thermometer, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. India approves Accuray’s Radixact X9 radiation therapy device Accuray announced in a June 21 press release that it has received an Atomic Energy Regulatory Board Type Approval in […]
Accuray shares down on Q3 EPS miss, growing losses
Shares in Accuray (NSDQ:ARAY) have fallen today after the medical device maker missed EPS expectations on Wall Street with its fiscal year 2018 third quarter earnings results. The Sunnyvale, Calif.-based company posted losses of $8.9 million, or 10¢ per share, on sales of $99.8 million for the three months ended March 31, seeing losses grow 76% […]
Accuray touts trigeminal neuralgia CyberKnife study results
Accuray (NSDQ:ARAY) today released data from a study exploring the use of its CyberKnife system used in stereotactic radiosurgery procedures for patients with trigeminal neuralgia, touting rapid and long-lasting pain relief with minimal side effects. Results from the study were published in the journal Neurosurgery, the Sunnyvale, Calif.-based company said. “This study is important because it reinforces […]
Accuray shares rise on FY2018 Q2 EPS beat
Shares in Accuray (NSDQ:ARAY) have risen today after the medical device maker beat expectations on Wall Street with its 2nd quarter earnings results. The Sunnyvale, Calif.-based company posted losses of $4.7 million, or 6¢ per share, on sales of $100.3 million, seeing losses shrink 49.6% while sales grew 14.7% compared with the same period during the […]
Accuray pulls the trigger on Series A convertible senior note buyback
Accuray (NSDQ:ARAY) said yesterday it made an irrevocable net share settlement election for its 3.5% Series A convertible senior notes due February 1, 2018, looking to pay cash up to $1,000 for each $1,000 principal amount of Series A notes converted alongside delivery of shares for the conversion value in excess of $1,000. The Sunnyvale, Calif.-based […]
Accuray to use $40m term loan to retire senior debt
Accuray (NSDQ:ARAY) said today that it plans to use the $40 million term loan it just took out from MidCap Financial Trust to buy back some of its senior debt notes and lower the amount of its credit revolver with MidCap. Sunnyvale, Calif.-based Accuray, which makes radiosurgery devices, said it plans to use the term loan […]
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