Cardiovascular Systems (NSDQ:CSII) this week announced that it has partnered with Innova Vascular to develop a full line of thrombectomy devices. Under the terms of the agreement, Cardiovascular Systems will provide financing to Innova to develop thrombectomy devices to remove blood clots from arteries and veins. Cardiovascular Systems will have exclusive rights to acquire the devices […]
Cardiovascular Systems
Cardiovascular Systems cites lower procedure volumes due to COVID-19 variants for missed Q2 estimates
Cardiovascular Systems (NSDQ:CSII) posted second-quarter results this week that missed the overall consensus on Wall Street, citing issues caused by COVID-19 variants. The St. Paul, Minnesota-based company reported losses of $8.97 million, or -23¢ per share, on sales of $59.14 million for the three months ended Dec. 31, 2021, on sales loss of -7.84% compared […]
The top 10 catheter innovations of 2021
Last year was a big year for catheter innovation as medtech companies large and small received regulatory approvals for devices ranging from TAVR to single-use endoscopes. Catheter innovations weren’t limited to just adults; Catheter-deployed devices for premature babies and toddlers were also approved and released. And catheter-based devices made up nearly half of last year’s Prix […]
Cardiovascular Systems’ recall of its Wirion embolic protection device is Class I
The FDA determined that Cardiovascular Systems’ recall of some of its Wirion embolic protection devices is Class I, the most serious kind. St. Paul, Minnesota–based Cardiovascular Systems is recalling all products and lots of its Wirion embolic protection device due to complaints of filter breakage during retrieval. It includes devices with manufacturing dates of Jan. […]
How medtech fared in the first waves of the pandemic
Medtech industry revenue, research spending and employment declined in the first year of the COVID-19 pandemic, according to a Medical Design & Outsourcing analysis of financial data. Total sales, R&D spending and employment for the world’s largest medical device companies declined in 2020 and early 2021, according to a Medical Design & Outsourcing analysis tallying the ongoing pandemic’s initial […]
Cardiovascular Systems sales up 66% in Q4
Cardiovascular Systems (NSDQ:CSII) posted fourth-quarter results that beat the overall consensus on Wall Street. The St. Paul, Minn.-based company yesterday evneing reported losses of –$5.3 million, or -14¢ per share, on sales of $70.7 million for the three months ended June 30, 2021 — versus a loss of –$15.2 million on sales of 42.5 million […]
Cardiovascular Systems launches peripheral balloon catheter
Cardiovascular Systems (NSDQ:CSII) today said it has launched its OrbusNeich Jade percutaneous transluminal angioplasty over-the-wire balloon catheter in the U.S. Jade is an over-the-wire (OTW) balloon catheter for the peripheral vasculature, including obstructed native arteries and synthetic arteriovenous dialysis fistulae and post-dilation of balloon-expandable and self-expanding stents. Get the full story on our sister site, Medical […]
Barclays is bullish on medtech
A Barclays analysis projects that medtech might be on its way to a stretch of “outperformance” even in the wake of the COVID-19 pandemic. According to SeekingAlpha, the report cited eight reasons that make the investment bank bullish on the industry in the coming years, starting with what it calls “robust innovation.” On top of […]
Cardiovascular Systems sinks on missed Q3 earnings projections
Cardiovascular Systems (NSDQ:CSII) posted third-quarter results that beat the revenue consensus on Wall Street but missed on earnings projections. The St. Paul, Minn.-based company yesterday evening reported losses of –$6 million, or –15¢ per share, on sales of $63.27 million for the three months ended March 31, 2021 — versus a loss of nearly –$4 […]
4 catheter-based devices to watch for in 2021
Medical device companies are working to gain regulatory approvals and launch new catheter-based devices as the world slowly returns to normal after reeling from the COVID-19 pandemic. As of April 19, the FDA had approved 11 medical devices this year — two of them catheter-based. In comparison, the regulatory agency approved 19 devices by April 19 last year. However, […]