Baxter (NYSE:BAX) announced today that it received FDA clearance for its Altapore Shape bioactive bone graft for bone growth and fusion. Deerfield, Ill.-based Baxter’s Altapore Shape is its latest addition to its bone graft substitute product line, designed to enhance bone growth and aid in achieving fusion, leading to reduced pain and other improved clinical outcomes […]
B,. Braun, Baxter, CareStream, Green Hills affected by Ripple20 cyber vulnerabilities
The U.S. Cybersecurity and Infrastructure Security Agency (CISA) said it is aware of vulnerabilities affecting Treck IP stack implications for embedded systems. Known as Ripple20, the vulnerabilities allow a remote attacker to exploit and take control of an affected system, according to the CISA statement. Among the affected companies were B. Braun, Baxter (NYSE:BAX), Green Hills […]
Baxter systems flagged for cybersecurity vulnerabilities
The U.S. Department of Homeland Security released notices citing cyber vulnerabilities with four devices made by Baxter (NYSE:BAX). Included among the devices listed by DHS were Baxter’s PrismaFlex/PrisMax devices, its ExactaMix, its Phoenix hemodialysis delivery system and its Sigma Spectrum infusion pumps. All four notices included warnings regarding the devices’ Cleartext transmission of sensitive information. According […]
Baxter wins CE Mark for EVO IQ syringe system
Baxter (NYSE:BAX) announced that it received regulatory approval in Europe and Australia for its Evo IQ syringe infusion system. With CE Mark approval in Europe and a nod from Australia’s Therapeutic Goods Administration (TGA), the company expects hospitals in the United Kingdom, Ireland, Greece, Australia and New Zealand to be among the first to receive the […]
What medtech’s top CEOs are saying about COVID-19
The COVID-19 pandemic is drying up sales for many large medical device companies, but there’s hope for a recovery later this year. That’s the big message from medtech’s top CEOs as they issue financial predictions and engage in earnings calls with analysts. Governments around the world are calling on medical device companies to make the […]
Baxter boosts quarterly dividend by 11%
Baxter (NYSE:BAX) announced today that it increased its quarterly cash dividend by 11% to a rate of 24.5¢ per share of its common stock. The Deerfield, Ill.-based company’s previous quarterly dividend sat at a rate of 22¢ per share. Baxter’s board of directors declared the new dividend rate payable on July 1, 2020, to stockholders of […]
MedTech 100 roundup: Stocks take a slight dip to end April
Medtech stocks remain in a stronger position than they were at the low point of the COVID-19-induced economic crisis, but they took a small dip over the last week. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 80.62 points at the end of last week […]
Baxter beats The Street in Q1
Baxter (NYSE:BAX) shares ticked up slightly today on first-quarter results that topped the consensus forecast, despite a slight drop in year-over-year profits. The Deerfield, Ill.-based company posted profits of $333 million, or 64¢ per share, on sales of $2.8 billion for the three months ended March 31, 2020, for a 2.6% bottom-line slide on sales growth […]
Baxter granted FDA EUA for Oxiris blood purification filter in COVID-19 treatment
Baxter (NYSE:BAX) announced that it received FDA emergency use authorization (EUA) for use of its Oxiris filter in treating COVID-19 patients. The authorization is for the use of Oxiris in patients admitted to the intensive care unit (ICU) with confirmed or imminent respiratory failure that are in need of blood purification therapy to reduce pro-inflammatory cytokine […]
MedTech 100 roundup: Medtech stocks hit highest point since early March
Medtech stocks generally ended last week at their highest point in more than a month — even as the COVID-19 pandemic continues to cause economic havoc. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 82.3 points at the end of last week (April 24). That […]
DeviceTalks Weekly: Ep.7 – Edwards, employment news, update on clinical trials from Avania
In this week’s episode of DeviceTalks Weekly, Tom Salemi and Chris Newmarker stare at each other through the Zoom lens while talking about the positive employment news from Baxter International and Conformis, the hopeful news from Edwards Lifesciences, and the cautionary tone from Medtronic. What can we expect from the rest of medtech? In the […]
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