Medtech layoffs are picking up as 2024 draws to a close. Sean Whooley, Associate Editor, and Chris Newmarker, Editor-in-Chief The medical device industry is closing out the year with a fresh round of layoffs. At this point, MassDevice has reported on more than 22,000 medtech job cuts across the industry since mid-2022. (Have a tip […]
Acutus Medical
Acutus Medical announces operational downsizing to solely support Medtronic distro deal
Acutus Medical announced a realignment of resources and operational downsizing resulting in a 70% workforce reduction. Dr. Shaden Marzouk, the company’s board chair, called the downsizing “hard but necessary steps” in a news release. The company intends to continue to comply with its remaining obligations to Medtronic for the production of left-heart access products. Acutus […]
Acutus Medical delisted from Nasdaq market due to non-compliance
Acutus Medical has been delisted from the Nasdaq Capital Market, according a recent filing with the U.S. Securities and Exchange Commission. The delisting and 8-K filing follows a series of notifications from the Nasdaq Stock market regarding the cardiovascular device company’s non-compliance with listing requirements. Acutus Medical previously faced Nasdaq delisting in November 2022. It […]
Acutus Medical is laying off more than half of its workers
Acutus Medical (Nasdaq:AFIB) announced today that it will lay off 65% of its workforce as part of a major restructuring. The Carlsbad, California–based company’s most recent annual report lists 225 workers at the end of 2022, which means the layoff could involve roughly 146 workers. Restructuring will involve winding down Acutus Medical’s EP mapping and […]
Acutus posts Q2 beats, expects AcQBlate ablation catheter approval by end of 2023
Acutus Medical (Nasdaq:AFIB) reported positive second-quarter results, with some future plans that got analysts excited. Shares of AFIB rose 0.8% at 68¢ apiece in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 2.1%. BTIG analysts Marie Thibault and Sam Eiber maintained a “Buy” […]
Acutus Medical stock is down despite Street-beating Q4, raised guidance
Acutus Medical (Nasdaq:AFIB) shares took a hit today despite fourth-quarter results that came in ahead of the consensus forecast. Shares of AFIB fell 11% to 89¢ apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 0.8%. The Carlsbad, California-based arrhythmia management […]
Acutus Medical picks new CFO from within, announces 2023 guidance
Acutus Medical (Nasdaq:AFIB) announced today that it promoted Takeo Mukai to senior vice president and chief financial officer (CFO). Mukai joined Acutus in July 2021 as VP, finance. He expanded his responsibilities over the past 18 months, most recently serving as interim CFO. “Takeo has led our strategic priority to drive operational excellence at Acutus […]
The top 10 cardiac device stories of 2022
From pulsed-field ablation to noninvasive monitoring, this was an exciting year for cardiac device tech. Here are the top 10 cardiac device stories from MassDevice and its sister sites: 10. Medtronic to pay Acutus $17M following EU MDR submission of left-heart access portfolio Earlier this year, Acutus agreed to sell its left-heart access portfolio to […]
Medtronic to pay Acutus $17M following EU MDR submission of left-heart access portfolio
Acutus Medical (Nasdaq:AFIB) announced today that it achieved its second milestone under an asset purchase agreement with Medtronic (NYSE:MDT). The milestone covers submission for CE mark of the Acutus left-heart access portfolio under EU MDR. Hitting the milestone triggered a $17 million earnout payment from Medtronic to Acutus. Earlier this year, Acutus agreed to sell its left-heart […]
Acutus Medical fully launches next-gen heart ultrasound software
Acutus Medical (Nasdaq: AFIB) today announced the full commercial release of its next-gen AcQMap 8.5.
Acutus Medical (Nasdaq: AFIB) today announced the full commercial release of its next-gen AcQMap 8.5. Its latest heart ultrasound platform includes software improvements that further leverage the system’s capabilities for non-contact anatomy reconstruction, according to Carlsbad, California–based Acutus. “AcQMap 8.5 represents an important step forward in our technology roadmap with a specific focus on improving […]
Medtronic begins distributing Acutus AcQCross sheath-compatible septal crossing devices
Acutus Medical (Nasdaq:AFIB) announced today that Medtronic (NYSE:MDT) intends to begin distributing its left-heart access devices. In April, Acutus agreed to sell its left-heart access portfolio to Medtronic for $50 million. That portfolio includes the AcQCross line of sheath-compatible septal crossing devices. It also features the AcQGuide Mini, AcQGuide Flex and AcQGuide VUE technologies. Acutus […]
