Shares in Boston Scientific (NYSE:BSX) rose slightly this morning after the company reported preliminary results for the fourth quarter and full year of 2018 that were in-line with estimates on Wall Street. The Marlborough, Mass.-based company said it expects to report $2.56 billion in sales for the fourth quarter and $9.82 billion for the full year. […]
Si-Bone tops estimates with Q4 prelims | Wall Street Beat
Si-Bone (NSDQ:SIBN) said today that it expects to record fourth-quarter sales of $15.4 million to $15.6 million, up 12 – 13% from the same period last year. The company pegged its full-year sales for 2018 between $55.2 million and $55.4 million, up 15% from 2017. Analysts on Wall Street are expecting Si-Bone to post Q4 sales […]
Ex-NuVasive COO Miles loses in noncompete battle
Former NuVasive Inc. (NSDQ:NUVA) chief operating officer Patrick Miles has lost a battle with their former employer over the enforceability of a non-compete agreement in California after a Delaware Chancery Court ruled that non-compete agreements negotiated by legal counsel may be enforced against California residents, according to a National Law Review posting. California law generally prohibits […]
Alphatec raises $50m, acquires SafeOp Surgical
Alphatec (NSDQ:ATEC) had a busy day yesterday. The spinal implant maker revealed that it paid $27 million in cash and stock to acquire SafeOp Surgical and its intraoperative neuromonitoring technology, raised $50 million to cover the tab and made a raft of personnel changes – including the installation of former NuVasive Inc. (NSDQ:NUVA) exec Pat Miles as CEO. Oh, and […]
NuVasive levels poaching, infringement suit against Alphatec
NuVasive Inc. (NSDQ:NUVA) has filed a suit against Alphatec (NSDQ:ATEC) claiming the company hired on executives, including former COO and prez Pat Miles, with knowledge of its XLIF lateral interbody fusion procedures in an attempt to recreate the technology for its own products. In its infringement suit, submitted this week to the U.S. District Court for the Southern […]
Spinal Elements lifts former COO Blain to the corner office | Personnel Moves November 30, 2017
Spinal Elements, previously known as Amendia, said this week it is lifting co-founder and current prez & COO Jason Blain to the position of prez & CEO, effective immediately. Prior to coming on to co-found Spinal Elements, Blain served in various roles with medtech companies Smith & Nephew (NYSE:SNN), Alphatec (NSDQ:ATEC) and NuVasive Inc. (NSDQ:NUVA). Blain is replacing […]
Sterilis taps ex-Nanosphere CEO McGarrity as chief exec | Personnel Moves – November 1, 2017
Medical sterilization company Sterilis said yesterday it tapped former Nanosphere (NSDQ:NSPH) chief exec Michael McGarrity as its new CEO. McGarrity held the CEO position at Nanosphere from February 2013 to last June when he oversaw the company’s $76.9 million acquisition by Luminex (NSDQ:LMNX). Prior to his time as head of Nanosphere, McGarrity held positions in sales, marketing […]
Alphatec files countersuit in NuVasive case against exec chair Miles
Alphatec (NSDQ:ATEC) this week announced a countersuit against NuVasive Inc. (NSDQ:NUVA) in response to charges levied at its recently joined exec chair Patrick Miles, who jumped ship from NuVasive to lead Alphatec in early October. Earlier this month, NuVasive filed charges against Miles, claiming that he was involved in a year-long scheme to back Alphatec and discourage […]
NuVasive sues former COO Miles for jumping ship to Alphatec
UPDATED Oct. 11, 2017, with comment from Alphatec. NuVasive Inc. (NSDQ:NUVA) yesterday leveled a lawsuit against former COO Patrick Miles, who jumped ship for Alphatec (NSDQ:ATEC) earlier this month, alleging that he enacted a year-long scheme to secretly back Alphatec while discouraging NuVasive from acquiring the smaller company. The lawsuit, filed in the Delaware Chancery Court, claimed that after […]
Dentsply Sirona clears the deck, ousting chairman, CEO & COO | Personnel Moves, Oct. 3, 2017
Dentsply Sirona (NSDQ:XRAY) yesterday cleared the deck of its upper management, ousting its chairman, CEO and COO, appointing an interim chief executive and promoting from within for the interim operating chief role. That means chairman Bret Wise, CEO Jeffrey Slovin and COO Christopher Clark are out, replaced temporarily by Eric Brandt, Mark Thierer and Bob […]
Terumo taps DeRyke for CEO | Personnel Moves | April 7, 2017
Terumo Corp. (TYO:4543) said yesterday it tapped Rob DeRyke as its new CV group prez & CEO, effective April 1, 2017, succeeding a retiring Mark Sutter. Prior to his appointment, DeRyke operated as Terumo CV group electromechanical systems division prez, the company said. “Under his leadership, Rob brought stability and improved profitability to the business,” Terumo […]
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