Align Technology (NSDQ:ALGN) said today it expanded a distribution deal with Glidewell Dental to distribute Align’s iTero Element intraoral scanning system in North America. Through the deal, San Jose, Calif.-based Align’s said its iTero Element scanner will feature Glidewell’s fastdesign.io software which serves to auto-design restorations for clinician approval and to communicate with a lab’s digital […]
Align Tech-backed SmileDirectClub levies lawsuits against critical dentists, orthodontists
The Align Technology (NSDQ:ALGN) backed SmileDirectClub is reportedly sending cease-and-desist letters to children’s dental care specialist who criticize its products, according to a BuzzFeed report. The company sent at least 2 cease-and-desist letters last month, threatening lawsuits if dentists did not remove videos they’d posted criticizing the practice of do-it-yourself clear teeth aligners, according to the report. […]
Align Technology shares soar on solid Q3 beat
Shares in Align Technology (NSDQ:ALGN) have risen over 15% today after the orthodontic device maker beat expectations on Wall Street with its third quarter results. The San Jose, Calif.-based company posted profits of $82.6 million, or $1.01 per share, on sales of $385.3 million for the 3 months ended September 30, for bottom-line growth of 60.7% […]
Align Technology, Patterson Dental ink deal for iTero Element scanner
Align Technology (NSDQ:ALGN) and Patterson Dental (NSDQ:PDCO) shares got a boost today after the companies said yesterday that they inked a non-exclusive distribution deal for Align’s iTero Element intraoral scanner. The scanner, used with Align’s Invisalign orthodontic device, is slated to hit the U.S. and Canadian markets under Patterson’s aegis next month, the companies said. “We’re pleased […]
7 medtech stories we missed this week: August 4, 2017
From MDCorp inking a European distribution deal to Align Technology’s North Carolina expansion, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. MDCorp inks distribution deal with Smart Endoscope Systems MDCorp announced in a July 31 press release that it has signed a distribution agreement with Smart Endoscope […]
Align Technology shares dip despite Q2 beat
Shares in Align Technology (NSDQ:ALGN) fell today despite the orthodontic device maker beating expectations on Wall Street with its 2nd quarter earnings results. The San Jose, Calif.-based company posted profits of $69.2 million, or 85¢ per share, on sales of $356.5 million for the 3 months ended June 30, for bottom-line growth of 37.9% while sales […]
9th Circ denies pension fund in $187m suit against Align Technology
The 9th Circuit this week affirmed a decision to deny a pension fund’s class action suit which alleges that orthodontic device developer Align Technology (NSDQ:ALGN) misled it’s investors about it’s 2011 acquisition of Cadent for $187.6 million. In the appeal, the plaintiffs, the Michigan-based City of Dearborn Heights Act 345 Police & Fire Retirement System, argued […]
Align Technology makes the S&P Index
Align Technology (NSDQ:ALGN) said that Standard & Poor’s will add the company to its S&P Index after trading closes today. The San Jose, Calif.-based company said it will be added to the S&P GICS Health Care Supplies Sub-Industry index. “We are excited to be added to the S&P 500 Index. This major milestone for the company reflects […]
Align Technology debuts in China
Align Technology (NSDQ:ALGN) said today that it is opening a new Invisalign treatment planning facility in Chengdu, China. The plant is Align’s 1st manufacturing operations in China. The facility will host treatment planning services for Invisalign providers in China, Align reported. Previously, planning services for China-based customers was conducted in San Jose, Costa Rica. “I am […]
Align Technology shares rise on Q1 Beat-and-Raise
Align Technology (NSDQ:ALGN) shares have risen significantly in after hours trading today after the orthodontic device maker posted 1st quarter earnings that beat expectations on Wall Street. The San Jose, Calif.-based company posted profits of $69.4 million, or 85¢ per share, on sales of $310.3 million for the 3 months ended March 31, for bottom-line growth […]
Align Technology, ClearCorrect trade blows in patent spat
ClearCorrect and Align Technology (NSDQ:ALGN) both claimed victories in ongoing patent spats between the 2 related to transparent dental aligners this week. Align Technology said on Tuesday that the US Patent and Trademark Office confirmed the validity of 2 patents which were being challenged by ClearCorrect. The company touted that the 2 confirmed patents are in […]
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