Align Technology announced today that it plans to repurchase $225 million in its common stock through open market repurchases. The dental technology company expects the stock repurchase to complete a $1 billion repurchase program approved by its board back in January 2023. Tempe, Arizona-based Align Technology executed a $250 million repurchase in February 2023 with Citibank. […]
Align Technology
Align Technology wins CE mark for Invisalign palatal expander
Align Technology (Nasdaq:ALGN) announced today that it received CE mark for its Invisalign palatal expander system. In addition to CE mark under MDR, the palatal expander completed registration with MHRA for the UK and overseas territories. Approvals cover broad patient applicability, including growing children, teens and adults (with surgery or other techniques). The direct 3D-printed […]
Align Technology unveils new treatment plan software
Align Technology (Nasdaq:ALGN) announced that it released the next innovation of its Invisalign Smile Architect software. The platofrm now features multiple treatment plans, allowing doctors to visually compare and modify orthodontic only and ortho-restorative treatment plans side-by-side. These plans integrate into ClinCheck treatment planning software for doctors to visually compare, review and choose treatments. During […]
Align Technology announces $150M repurchase program
Align Technology (Nasdaq:ALGN) announced today that it plans to repurchase $150 million of its own common stock. The open-market repurchase falls under the company’s $1 billion stock repurchase program approved in January 2023. Align Technology executed a $250 million repurchase in February 2023 with Citibank. In October, the company triggered another $250 million repurchase in an […]
How GLP-1s tanked and reshaped the medtech stock market in 2023
Analysts weigh in on how the GLP-1 craze caused one of the biggest swings in the medtech stock market in recent years.
In a tumultuous year for the medtech industry, the combination of strong sales growth and promising clinical trial results from glucagon-like peptide 1 agonists (GLP-1s) created a seismic shift in the medtech stock market, triggering one of the largest dips in market value that analysts have seen in years. While analysts said the medtech stock market […]
How does medtech CEO compensation compare?
Medtech CEO compensation averaged $10.5 million during the companies’ most recent fiscal years. That number from our recent MassDevice analysis may seem like a lot to an average person — but not as much in the world of corporate CEOs. In fact, the average compensation of S&P 500 company CEOs was $25.2 million in 2022, […]
Align Technology acquires 3D printing company Cubicure
Align Technology (Nasdaq:ALGN) announced that it completed the acquisition of 3D printing company Cubicure. Cubicure offers 3D printing solutions for polymer additive manufacturing. It develops, produces and distributes innovative materials, equipment and processes for novel 3D printing solutions. Tempe, Arizona-based Align plans for the acquisition to support and scale its strategic innovation roadmap and strengthen […]
Align Technology wins FDA nod for Invisalign palatal expander system
Align Technology (Nasdaq:ALGN) announced today that the FDA granted 510(k) clearance for its Invisalign palatal expander system. The direct 3D-printed device provides rapid expansion and subsequent holding of skeletal and/or dental narrow maxilla (upper jaw). It enables primary, mixed or permanent dentition during the treatment of growing patients. FDA clearance covers broad patient applicability, including […]
Align Technology makes $100M open market stock repurchase
Align Technology (Nasdaq:ALGN) announced today that it plans to repurchase $100 million of its own common stock. Tempe, Arizona-based Align Technology’s open market repurchase falls under its $1 billion stock repurchase program. The company’s board approved the program in January 2023. Align Technology executed a $250 million repurchase in February of this year with Citibank. […]
Intuitive appoints Align Technology exec to its board
Intuitive announced that it appointed Align Technology executive Sreelakshmi Kolli to its board of directors. Kolli currently serves as EVP and chief digital officer at Align, the maker of Invisalign clear aligners and other dental tech. Her appointment to Intuitive’s board of directors went into effect on Oct. 27, 2023. “Sree has deep expertise in applying technology to transform industries, enable business growth and […]
Align Technology announces $250M accelerated share repurchase program
Align Technology (Nasdaq:ALGN) announced today that it entered into an agreement to repurchase $250 million of its common stock. The company also executed a $1 billion stock repurchase agreement announced in May 2021. Align took care of one buyback in October 2022 through a $200 million repurchase with Goldman Sachs. Align’s board officially approved the current […]
