Cardinal Health (NYSE:CAH) has agreed to pay more than $8.8 million to settle charges that a former subsidiary in China failed to detect bribes paid to government hospital officials and employees of state-owned retailers to buy skincare products. The settlement springs from a Securities and Exchange Commission investigation into Cardinal China, which Cardinal Health formed in […]
Cardinal Health
U.S. lifts tariffs on certain medical supplies to prevent spread of coronavirus
U.S. trade officials recently exempted more than 100 medical items manufactured in China from import tariffs in an effort to fight the coronavirus outbreak, according to published reports. Cardinal Health and Medline Industries were among 27 companies with certain products that had their 7.5% tariffs lifted. Exempted products included protective masks, drapes and gowns, hand […]
Medical device company stocks aren’t immune from coronavirus
Major U.S. medical device company stocks have generally performed as poorly as others over the past two weeks as the global coronavirus outbreak drive markets down. Among 20 of the largest U.S. companies on Medical Design & Outsourcing and MassDevice‘s annual Big 100 list, both the average and median decline in price was roughly 17% […]
How medtech companies are responding to the deadly coronavirus outbreak
Medical device companies all over have felt the impact of the coronavirus pandemic that originated in China. The latest figures from the World Health Organization (WHO) show that at least 600 people have died — almost all of them in China — with tens of thousands of confirmed coronavirus cases in dozens of countries. Demand […]
Cardinal Health stocks up 11% in Street-beating Q2 results
Cardinal Health (NYSE:CAH) posted second-quarter results today that beat the consensus on Wall Street. The Dublin, Ohio-based company reported profits of $220 million, or 75¢ per share, on sales of $39.7 billion for the three months ended Dec. 31, 2019, for a bottom-line loss of -21.4% sales growth of 5.3% compared with Q2 2019. Adjusted to […]
BREAKING: Cardinal Health says Chinese supplier behind massive surgical gowns recall
Chinese supplier Siyang HolyMed outsourced some of its surgical gowns production to a non-registered, non-qualified facility where sterility could not be assured — sending hospitals scrambling after Cardinal Health (NYSE:CAH) recalled 9 million of the gowns after learning of the problem. That was the story Dublin, Ohio–based Cardinal Health disclosed in a news release out after […]
Cardinal Health recalls 9 million surgical gowns, sends hospitals scrambling
Cardinal Health (NYSE:CAH) announced that it is voluntarily recalling 9.1 million surgical gowns produced by an unnamed contract manufacturer after discovering quality issues with the product. The Dublin, Ohio-based company said that some gowns were produced in unapproved locations that did not maintain proper environmental conditions as required by law. Some of the gowns were also […]
Mindray issues urgent field safety notice for Genius 2 tympanic thermometers
Mindray Medical issued an urgent field safety notice in Europe to warn of a calibration-related accuracy issue with Cardinal Health’s (NYSE:CAH) Genius 2 tympanic thermometers that are integrated into four versions of the Mindray VS-900 patient monitors. The affected Genius 2 thermometers were manufactured after Oct. 1, 2016, and may have been distributed with the Mindray […]
Cardinal Health has a surgical gowns contamination problem
The FDA announced that it is working to assess quality issues surrounding surgical gowns and the PreSource procedural packs that contain them, all produced by Cardinal Health (NYSE:CAH). Both Dublin, Ohio–based Cardinal Health and the FDA agree that customers should immediately discontinue the use of all affected gowns and the packs that include them because the […]
Medinol stent performs just as well as Medtronic Resolute, study says
The EluNIR drug-eluting stent made by Medinol performed just as well as the Resolute Integrity or Resolute Onyx stents from Medtronic (NYSE:MDT), according to new clinical study results from an international team of researchers. The randomized clinical trial — conducted by researchers from the U.S., Israel, Canada and the Netherlands — involved 2,221 people and compared […]
Stent makers point to quality-of-life findings by massive federal study
The giant federal study that found the use of stents in stable heart-disease patients is no better than drugs to treat clogged arteries reached another, less-hyped conclusion. Manufacturers of stents for percutaneous coronary intervention (PCI) note that the Ischemia study also concluded that patients who undergo a stenting procedure have a better quality of life. They suffer […]