Some medical device businesses not only survived the COVID-19 pandemic but actually thrived — with many producing the medtech needed to fight the coronavirus’s spread. Medical Design & Outsourcing recently analyzed financials for 20 of the largest medical device businesses in the world. Not only was revenue only slightly down for the 20 during 2020, but it was […]
Align Technology
How big medtech fared during a year of COVID-19
Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]
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 […]
Align Technology rises on Street-beating, record-breaking Q4 revenues
Align Technology (NSDQ:ALGN) shares skyrocketed today on fourth-quarter results that topped the consensus forecast. ALGN shares were up 13.44% at $619.60 per share in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up 2.1%. The Tempe, Ariz.-based dental aligner maker posted profits of $133.8 […]
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 […]
Align Technology skyrockets after hours on strong Q3
Align Technology (NSDQ:ALGN) shares shot straight up after hours today on third-quarter results that beat the consensus forecast. Shares of ALGN were up 25.1% at $420.01 per share after the market closed tonight. The San Jose, Calif.-based company posted profits of $139.4 million, or $1.76 per share, on sales of $734.1 million for the three months […]
MedTech 100 roundup: Industry remains on the rise
The medtech industry continues to climb back up in the markets, following a landmark week with another move up toward its pre-COVID-19-pandemic highs. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.29 points at the end of last week (July 24). That total represents just a […]
Align Technology down on Q2 losses
Align Technology (NSDQ:ALGN) shares dipped today on second-quarter losses that missed the consensus earnings forecast. The San Jose, Calif.-based dental company posted losses of -$40.6 million, or -52¢ per share, on sales of $352.3 million for the three months ended June 30, 2020, for a massive bottom-line slide into the red from nearly $150 million in […]
Align Technology drops on missed Q1 earnings
Align Technology posted first-quarter results that missed the consensus forecast on Wall Street. The San Jose, Calif.-based company reported profits of $1.5 billion, or $19.21 per share, on sales of $551 million for the three months ended March 31, for a bottom-line gain of 2,013% sales growth of 0.36% compared with Q2 2019. Adjusted to […]
Align Technology to acquire software maker Exocad
Align Technology (NSDQ:ALGN) announced it has agreed to acquire dental software company Exocad (Darmstadt, Germany) for approximately $420 million in cash. The move will add Exocad’s experience in restorative dentistry, implantology, guided surgery and design to Align’s technology portfolio, which includes Invisalign clear-aligner orthodontic and iTero digital solutions. Exocad will also bring nearly 200 digital dentistry […]
