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Avalign Technologies

Smile Direct Club aligners now available in-office; stock soars

January 15, 2020 By Sean Whooley

SmileDirectClub (NSDQ:SDC) shares skyrocketed following the announcement that its clear aligners are set to be offered through the wholesale channel in dentist and orthodontist offices. The Nashville, Tenn.-based company’s announcement follows the Dec. 31, 2019, expiration of its exclusive supply agreement with Align Technology (NSDQ:ALGN). After yesterday’s announcement, shares of SDC are up 16.24% at $13.60 per […]

Filed Under: Business/Financial News, Dental, Emerging Markets, Wall Street Beat Tagged With: Avalign Technologies, smiledirectclub

Medtech trade lobbies unite for anti-tax push

September 24, 2019 By Sean Whooley

A group of medical device industry trade associations are joining together to push the U.S. Congress toward repealing the medical device tax that’s been in abeyance since 2015. MDMA, AdvaMed, MITA and a group of medical innovators, physician inventors, patient groups and more today sent a letter urging congressional leadership to permanently repeal the medical […]

Filed Under: Business/Financial News Tagged With: AdvaMed, Avalign Technologies, Bayer, Medical Device Manufacturers Association, Medical Imaging & Technology Alliance (MITA), medicaldevicetax, Stryker

Avalign pays $10m to settle fraud charges in uncleared devices case

September 18, 2019 By Brad Perriello

Avalign and its Instrumed International subsidiary agreed to pay $9.5 million to settle federal charges that it sold medical devices that weren’t cleared for the U.S. market. The case, which has already cost Instrumed distributor CareFusion $3.3 million, involves devices that Instrumed claimed as pre-amendment devices that were exempt from FDA regulations instituted in May 1976. […]

Filed Under: Featured, Food & Drug Administration (FDA), Legal News, Regulatory/Compliance Tagged With: Avalign Technologies, Instrumed

Avalign Technologies acquires Thortex and Millennium Surgical

July 25, 2017 By Danielle Kirsh

Avalign Technologies announced that is has acquired Thortex and Millennium Surgical. The financial details of the deal were not disclosed. Thortex provides precision manufacturing, porous coatings and metal injection solutions to the medical device market. It has porous coating solutions for titanium and cobalt-chrome orthopedic implants and manufacturing and engineering technologies for medical device OEMs. […]

Filed Under: Mergers & Acquisitions Tagged With: Avalign Technologies, Millennium Surgical, Thortex

Arlington Capital buys Avalign

August 17, 2015 By Fink Densford

Arlington Capital said today that it acquired medical device maker Avalign Technologies in a sale financed by CIT Healthcare. Forest, Ill.-based Avalign manufactures implants, specialty instrumentation, cutting tools, cases and trays for the orthopedic medical device and specialty surgical markets. “We are extremely pleased to be partnering with Arlington Capital. Avalign is committed to improving […]

Filed Under: Business/Financial News, Mergers & Acquisitions Tagged With: Arlington Capital Partners, Avalign Technologies, RoundTable Healthcare Partners

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