Siemens (NYSE:SI) Healthineers said today it tapped former Abbott (NYSE:ABT) Vascular president Dr. Deepak Nath as its new laboratory diagnostics business president, taking over for Franz Walt who operated as president from 2014 to 2017. Nath spent 10 years with Abbott, serving most recently as its vascular division president and as an executive officer of the company, and […]
Cardiovascular Systems Inc.
Cardiovascular Systems inks partnerships with OrbusNeich, Integer
Cardiovascular Systems (Nasdaq: CSII) announced today that it is expanding its product portfolio through new partnerships with OrbusNeich and Integer. The OrbusNeich partnership makes St. Paul, Minn.–based CSI the exclusive U.S. distributor of Hong Kong–based OrbusNeich‘s balloon products. The deal with Frisco, Texas–based Integer (NYSE: ITGR) involves Integer producing CSI-branded Zilient guidewires. Get the full story on our sister site Medical […]
Cardiovascular Systems escapes revived shareholders suit
Shareholders who revived a purported class-action kickbacks lawsuit against Cardiovascular Systems (NSDQ:CSII) saw their case dismissed with prejudice yesterday by a federal judge in Minnesota. St. Paul, Minn.-based CSI paid $8 million to settle a federal False Claims Act suit in July 2016 accusing it of running a kickbacks scheme by offering free, all-expense-paid training programs, product giveaways, 3rd-party […]
Spinal Elements lifts former COO Blain to the corner office | Personnel Moves November 30, 2017
Spinal Elements, previously known as Amendia, said this week it is lifting co-founder and current prez & COO Jason Blain to the position of prez & CEO, effective immediately. Prior to coming on to co-found Spinal Elements, Blain served in various roles with medtech companies Smith & Nephew (NYSE:SNN), Alphatec (NSDQ:ATEC) and NuVasive Inc. (NSDQ:NUVA). Blain is replacing […]
Cardiovascular Systems shares steady on mixed bag Q1 earnings
Shares in Cardiovascular Systems (NSDQ:CSII) have risen slightly today after the medical device maker met loss-per-share expectations but missed sales consensus on Wall Street with its first quarter 2018 earnings results. The St. Paul, Minn.-based company posted losses of $2 million, or 6¢ per share, on sales of $49.7 million for the 3 months ended September 30, […]
Analyst: Hurricanes Harvey, Irma, Maria expected to have impact on med device revenue
The combination of hurricanes Harvey, Irma and Maria are expected to have at least a net 1% impact on US med device revenue for the 3rd quarter, according to a Barclay’s note to investors from analyst Matt Taylor. The disruptions from Maria could extend their impact into the 4th quarter, according to Taylor, who said […]
Cardiovascular Systems expects lowered revenues due to hurricanes Harvey, Irma
Cardiovascular Systems (NSDQ:CSII) said today that due to hurricanes Harvey and Irma it is experiencing reduced procedure volumes and, as a result, is expecting to see 2018 1st-quarter revenues. The St. Paul, Minn.-based company said that the impact on its revenue is “magnified due to the company’s small product portfolio and location and timing of the […]
Cardiovascular Systems touts 1-year, sub-analysis data from Liberty PVI study
Cardiovascular Systems (NSDQ:CSII) today released both 1-year and a sub-analysis results from the Liberty 360 clinical trial of peripheral interventions, including those using its DiamondBack 360 coronary orbital atherectomy system. The 1,200 patient study aimed to evaluate acute and long-term clinical outcomes of peripheral interventions for patients with peripheral artery disease, with the most common device used […]
Cardiovascular Systems shares down despite Q4, FY2017 earnings beat
Shares in Cardiovascular Systems (NSDQ:CSII) fell today despite the medical device maker beating expectations on Wall Street with its 4th quarter and fiscal year 2017 earnings and announcing that the recall of its saline infusion pumps, initiated in April, is nearing completion. The St. Paul, Minn.-based company posted profits of $772,000, or 2¢ per share, on […]
Halyard Health taps former Acelity head Woody for CEO | Personnel Moves July 5, 2017
Halyard Health (NYSE:HYH) said late last month it tapped former Acelity prez & CEO Joseph Woody as its new chief executive officer, replacing a retiring Robert Abernathy. Woody will also assume a seat on the board of directors, with former CEO Abernathy continuing on as board chair, the Alpharetta, Ga.-based company said. “On behalf of the […]
Shareholders revive class-action kickbacks suit against Cardiovascular Systems
Shareholders revived a purported class-action kickbacks lawsuit against Cardiovascular Systems (NSDQ:CSII) that was dismissed without prejudice earlier this year, citing in the new complaint a $25 million judgment against the company in a related case. St. Paul, Minn.-based CSI paid $8 million to settle a federal False Claims Act suit in July 2016 that accused it of […]