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How much do the world’s biggest medtech companies pay physicians?

November 21, 2019 By Danielle Kirsh Leave a Comment

The top 50 medical device companies in the world paid physicians and teaching hospitals $690.3 million last year in general payments, according to an analysis of Medical Design and Outsourcing‘s Big 100 and CMS Open Payments data. Medtech companies averaged $17.3 million in general payments to doctors last year, spending an average of 0.2% of […]

Filed Under: Business/Financial News, Featured Tagged With: Abbott, Alcon, becton dickinson, Big 100, Boston Scientific, Centers for Medicare and Medicaid Services (CMS), Johnson and Johnson, Medtronic, Philips, Siemens Healthineers, Stryker, Zimmer-Biomet

These medical device companies pay doctors the most money

November 20, 2019 By Danielle Kirsh Leave a Comment

The top medical device companies in the world made more than $542.6 million in general payments to physicians and hospitals in 2018, according to an analysis of Medical Design & Outsourcing‘s Big 100 and CMS Open Payments data. Zimmer Biomet topped the list with $109.4 million in general payments* to physicians and teaching hospitals in […]

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Filed Under: Business/Financial News, Featured Tagged With: Abbott, Alcon, becton dickinson, Big 100, Boston Scientific, Johnson and Johnson, Medtronic, Philips, Siemens Healthineers, Stryker, Zimmer Biomet

The 20 largest medical device companies in the world

September 17, 2019 By Chris Newmarker Leave a Comment

Consolidations continue to transform the roster of largest medical device companies in the world — as evidenced by the latest Big 100 list at our sister site Medical Design & Outsourcing. Overall, Big 100 companies saw $397.5 billion in sales during their most recent fiscal years, up 3.5% from the previous year. As companies continue to […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: 3m, Abbott, Alcon, B. Braun, Baxter, BD, becton dickinson, Big 100, Boston Scientific, Henry Schein Inc., Owens and Minor, Zimmer Biomet

FDA approves Alcon’s AcrySof IQ PanOptix trifocal IOL

August 27, 2019 By Sean Whooley Leave a Comment

Alcon (NYSE:ALC) said today that it won FDA approval for its AcrySof IQ PanOptix trifocal intraocular lens and is preparing an initial commercial launch for the device. The Fort Worth, Texas-based company’s AcrySof IQ PanOptix device is the first and only trifocal device in the U.S. for patients undergoing cataract surgery. It’s designed to provide […]

Filed Under: Food & Drug Administration (FDA), Optical/Ophthalmic, Regulatory/Compliance, Vision Tagged With: Alcon

Alcon slides on Q2 earnings miss

August 21, 2019 By Brad Perriello Leave a Comment

Alcon (NYSE:ALC) shares took a hit today after the former Novartis (NYSE:NVS) vision care business posted second-quarter earnings that missed the consensus forecast, despite a healthy top-line beat. Geneva-based Alcon, which Novartis spun into a public company in April, reported a swing to Q2 red with losses of -$390.0 million, or -80¢ per share, on sales growth […]

Filed Under: Featured, MassDevice Earnings Roundup, Optical/Ophthalmic, Wall Street Beat Tagged With: Alcon

Freshly spun-out Alcon posts Q1 sales beat

May 16, 2019 By Fink Densford Leave a Comment

Shares in Alcon (NYSE:ALC) are steady today after the ophthalmic device maker, freshly spun out from Novartis (NYSE:NVS), posted first quarter 2019 earnings that beat sales expectations on Wall street. The Geneva-based company posted sales of $1.8 billion for the three months ended March 31, just in line with its sales during the same quarter of […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Alcon, Novartis

Novartis completes spinout of Alcon eye biz

April 9, 2019 By Brad Perriello Leave a Comment

Novartis (NYSE:NVS) closed the spinout of its Alcon vision care business, setting the stage for its shares to begin trading today in Switzerland and New York. The spinout, announced last June, saw each Novartis shareholder receive a single ALC share for every five NVS shares as of the close of business April 1, Novartis said last […]

Filed Under: Featured, Mergers & Acquisitions, Vision, Wall Street Beat Tagged With: Alcon, Novartis

ReShape taps Allergan vet Bandy for CEO | Personnel Moves, April 3 2019

April 3, 2019 By Brad Perriello Leave a Comment

ReShape Lifesciences (NSDQ:RSLS) said last week that it named Allergan (NYSE: AGN) veteran Barton Bandy to replace Dan Gladney in the corner office, effective April 1. Gladney, who announced his retirement in January, is staying on as chairman. Bandy spent a decade at Inamed until its $3.2 billion purchase by Allergan in 2005. “I am […]

Filed Under: Business/Financial News, Featured Tagged With: Alcon, Bio-Rad, Dept. of Health & Human Services (HHS), ExsoMed, FDA, iCad Inc., McKesson, Novartis, Personnel Moves, polarityte, ReShape Lifesciences, Stryker

Novartis plans Alcon spinout for early April

March 22, 2019 By Brad Perriello Leave a Comment

Novartis (NYSE:NVS) said today that it’s planning to list the shares of its Alcon vision care business April 9 in Switzerland and New York. Terms for the spinout, announced last June, call for each Novartis shareholder to receive a single ALC share for every five NVS shares at the close of business April 8. The […]

Filed Under: Featured, Mergers & Acquisitions, Vision, Wall Street Beat Tagged With: Alcon, Novartis

Novartis’ Alcon picks up PowerVision for $285m

March 18, 2019 By Fink Densford Leave a Comment

Novartis (NYSE:NVS) subsidiary Alcon said today that it acquired intraocular lens developer PowerVision for $285 million. PowerVision is developing fluid-based intraocular lens implants that use the eye’s natural accommodating response to transport fluid in the implanted lens, Fort Worth, Texas-based Alcon said. The fluid-based lens creates a continuously variable monofocal lens using the natural contractions of the eye’s […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Optical/Ophthalmic Tagged With: Alcon, Novartis, PowerVision Inc.

Novartis unit Alcon picks up Tear Film Innovations

December 20, 2018 By Brad Perriello Leave a Comment

Novartis (NYSE:NVS) subsidiary Alcon said it acquired Tear Film Innovations for an undisclosed amount. San Diego-based TFI makes the iLux system, which is designed to treat blocked meibomian glands in eyelids. The company had raised a total of $18 million in two rounds in as many years, split evenly between the two. iLux won 510(k) clearance from the FDA […]

Filed Under: Featured, Mergers & Acquisitions, Optical/Ophthalmic, Wall Street Beat Tagged With: Alcon, Novartis, tearfilminnovations

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