Baxter (NYSE:BAX) said yesterday that it launched an FDA-cleared clinical trial of its on-demand peritoneal dialysis solution generation system intended to allow patients to make peritoneal dialysis solutions in small batches at home. The system is designed to use a small water filtration device, concentrates and Deerfield, Ill.-based Baxter’s Amia automated peritoneal dialysis system to turn a […]
Analyst downgrades pressure medtech stocks
Several medical device companies took hits yesterday after analysts on Wall Street downgraded their stocks, on a day when the major market indices each closed up a hair, and even medtech firms that enjoyed upgrades came under pressure. Globus Medical (NYSE:GMED) suffered the most after Morgan Stanley analyst David Lewis cut his rating on the stock from […]
Senseonics CFO Elsey to retire | Personnel Moves – December 4, 2018
Senseonics (NYSE:SENS) said yesterday that its CFO R. Elsey is retiring for the company, and that it has begun searching for a permanent replacement. The Germantown, Md.-based company said that Elsey will stay on until a replacement is appointed, and remain on in an advisory role through to the completion of the company’s 2018 fiscal […]
Baxter expands share repurchase program to $3.4B
Baxter (NYSE:BAX) said yesterday that it expanded its share purchase program to $3.4 billion. The Deerfield, Ill.-based company approved a $2 billion increase in authorization for the company’s existing share repurchase plan. Baxter also declared a quarterly cash dividend of 19¢ per share of common stock to stockholders as of Dec 3, payable on Jan. 2, of […]
Baxter touts Hemopatch, Floseal study results
Baxter (NYSE:BAX) today presented results from studies of its Hemopatch and Floseal products, touting reductions in costs and hospital stays in both trials. Results from studies of the devices were presented this week at the International Society for Pharmacoeconomics and Outcomes Research Europe 2018 meeting, the Chicago-based company said. In a retrospective observational analysis exploring pancreaticoduodenectomies […]
Baxter dips on Q3 sales miss
Baxter (NYSE:BAX) shares slipped today in pre-market trading after the healthcare giant posted third-quarter sales that missed the consensus forecast on Wall Street and cut its sales outlook for the rest of the year. Chicago-area Baxter posted profits of $544 million, or $1 even per share, on sales of $2.77 billion for the three months ended […]
Baxter wins CE Mark for PrisMax continuous renal replacement system, TherMax blood warmer
Baxter (NYSE:BAX) said today that it won CE Mark approval in the European Union for its PrisMax continuous renal replacement system and TherMax blood warmer. The newly cleared PrisMax system is the company’s next-gen renal replacement and organ support therapy tech, and is intended to supply a range of extracorporeal therapies to remove waste products, excess […]
Baxter, Mayo Clinic ink collab deal to develop US-based renal care center
Baxter (NYSE:BAX) said today that it inked a collaborative deal with the Mayo Clinic to develop a new renal care center of excellence in the US. The new renal care center will be located at the Mayo Clinic’s dialysis center in Jacksonville, Fla., Baxter said, and will integrate Baxter’s Renal Care Services clinical service model and […]
FDA clears Baxter’s Altapore bone graft for spinal indications
Baxter (NYSE:BAX) said today it won FDA clearance for its Altapore bioactive bone graft, indicated for use as an autograft extender in posterolateral spinal fusion. The Altapore bone graft is designed to enhance bone growth and features improved porosity which the company said promotes earlier vascularization and can improve the bone formation process. Baxter said that […]
Motus GI taps Moran as CEO | Personnel Moves – September 25, 2018
Motus GI said today that it named Timothy Moran as its new chief executive officer, effective October 1, replacing former CEO Mark Pomeranz who will assume the role of president and COO. Moran has previously served ConvaTec‘s (LON:CTEC) Americas president and helped lead the company through its initial public offering in 2016. Prior to ConvaTec, Moran spent […]
The 20 largest medical device companies in the world
The medical device industry saw even more consolidation over the past year, as evidenced by Medical Design & Outsourcing‘s newest Big 100 list. It used to be that a company had to have at least $100 million in annual revenue to make it on the list. This time around, No. 100 on the list is […]
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