Medtronic remains at the top, but Johnson & Johnson MedTech is now a close second in the Medtech Big 100 list of largest medical device companies. Could we see a new No. 1 company in next year’s Medtech Big 100 report? Time will tell. But in the meantime, this year’s edition of Medical Design & […]
Cardinal Health
FDA issues warning letter to Cardinal Health for adulterated and misbranded medical devices
The FDA recently issued a warning letter to Cardinal Health following an inspection at one of its facilities. The inspection revealed unapproved device violations pertaining to the Monoject Leur-lock tip syringes and the Monoject Enteral Feeding Syringes, as well as quality system regulation violations. Dublin, Ohio-based Cardinal Health was found to be marketing convenience kits […]
The UK wants to deliver medical supplies via drone
A new proposal from the U.K. Civil Aviation Authority (CAA) sets out a plan for medical supply delivery through drone operations. These proposals are part of the U.K. Future Flight Programme and seek to expand drone capabilities by permitting operations beyond remote pilots’ visual line of sight (BVLOS). The proposed measures involve drones operating at […]
How GLP-1s tanked and reshaped the medtech stock market in 2023
Analysts weigh in on how the GLP-1 craze caused one of the biggest swings in the medtech stock market in recent years.
In a tumultuous year for the medtech industry, the combination of strong sales growth and promising clinical trial results from glucagon-like peptide 1 agonists (GLP-1s) created a seismic shift in the medtech stock market, triggering one of the largest dips in market value that analysts have seen in years. While analysts said the medtech stock market […]
How does medtech CEO compensation compare?
Medtech CEO compensation averaged $10.5 million during the companies’ most recent fiscal years. That number from our recent MassDevice analysis may seem like a lot to an average person — but not as much in the world of corporate CEOs. In fact, the average compensation of S&P 500 company CEOs was $25.2 million in 2022, […]
BD recalls more Alaris pumps due to compatibility issues with Cardinal Health syringes
The FDA determined that another recall of BD Alaris infusion pumps is Class I, the most serious kind. In the latest Alaris recall, the company cites compatibility issues with Cardinal Health Monoject syringes. The issue mainly relates to changes made to the products by Cardinal Health. It affects more than 1 million total devices. BD’s […]
FDA issues warning about over-the-counter eye drops
The FDA issued a notice warning consumers about 26 over-the-counter eye drop products that could result in eye infections. In its notice, the FDA instructed consumers not to purchase and to immediately stop using these products. Using those eye drops could lead to the risk of infections that could result in partial vision loss or […]
Cardinal Health launches next-gen neonatal feeding device
Cardinal Health announced today that it launched its next-generation NTrainer 2.0 device for neonatal feeding. Dublin, Ohio-based Cardinal Health designed the NTrainer 2.0 to help premature and newborn infants develop oral coordination skills. These skills — important for a speedy transition to independent feeding — helps to reduce NICU length of stay. Through real-time assessment […]
What are the largest medical device companies?
Medtronic, Johnson & Johnson MedTech and Siemens Healthineers again lead the Medtech Big 100 list of largest medical device companies. However, there is so much more to Medical Design & Outsourcing and MassDevice‘s 2023 edition of the Medtech Big 100 report. We pulled thousands of data points to provide information on annual revenue, R&D spending, […]
Cardinal Health sales grow 12.7% in Q3 despite Medical segment declines
Cardinal Health shares ticked up today on third-quarter results that beat the consensus forecast. Shares of CAH rose 1.5% at $82.06 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 0.5%. The Dublin, Ohio–based company posted profits of $345 million in the […]
Cardinal Health, MedStar Health tackle a hairy surgical problem
Cardinal Health , in collaboration with MedStar Health’s Institute for Innovation, has launched Stray Away. Stray Away’s creators describe it as a unique hair management drape designed to streamline surgical procedure preparation and improve the patient experience. This goal is to minimize hair obstruction in the surgical area, saving valuable time for surgical teams while […]
