CHF Solutions (NSDQ:CHFS) said yesterday it plans to expand into the post-cardiovascular surgery market, specifically with products for patients who need treatment for fluid overload and have failed diuretic therapy. The Eden Prairie, Minn.-based company said that it sees the expansion into the post CV surgical market as a “natural next step” in its commercial expansion, […]
CHF Solutions buys Vasamed’s AcQtrac
CHF Solutions (NSDQ:CHFS) said today that it acquired Vasamed‘s AcQtrac technology for an unspecified amount. The AcQtrac System is designed to measure cardiac and hemodynamic parameters using impedance cardiography and has 510(k) clearance from the FDA and CE Mark approval in the European Union. Eden Prairie, Minn.-based CHF Solutions said it plans to evaluate other ways to […]
CHF Solutions takes Aquadex manufacturing in-house
CHF Solutions (NSDQ:CHFS) said it has finished transferring all manufacturing for the Aquadex FlexFlow fluid filtration system to its Eden Prairie, Minn. plant. CHF acquired the Aquadex device in 2016 for $5 million from Baxter (NYSE:BAX), which had been the contract manufacturer of CHF products. CHF began the manufacturing transfer in June 2017 and completed it by beginning […]
CHF Solutions shares down on Q2 earnings release
Shares in CHF Solutions (NSDQ:CHFS) fell today after the medical device maker missed sales expectations on Wall Street with its second quarter results. The Eden Prairie, Minn.-based company posted losses of $4.2 million, or 93¢ per share, on sales of $1.1 million for the three months ended June 30, for bottom-line growth of 70.1% on sales growth […]
CHF Solutions enters the German marketplace
CHF Solutions (NSDQ:CHFS) said today it has entered the German market after expanding its relationship with German business solutions resource HSC-Medical. The Eden Prairie, Minn.-based company said that HSC-Medical will serve as both a fulfillment house and logistical support for its products in the region, while CHF Solutions’ own international sales team will provide direct sales support. […]
CHF Solutions closes $5m round
CHF Solutions (NSDQ:CHFS) today closed a $5.4 million offering with a fully-exercised underwriter’s over-allotment option. The Eden Prairie, Minn.-based company floated 2.2 million shares of its common stock at $2.12 per share and an additional 332,239 shares at the public offering price as part of a 45-day underwriter’s option to purchase additional shares. Ladenburg Thalmann & Co […]
CHF Solutions prices $5m offering
CHF Solutions (NSDQ:CHFS) last week priced a $4.7 million offering to support expanding its field sales force and commercial organization. The Eden Prairie, Minn.-based company said it plans to offer 2.2 million shares of its common stock at $2.12 per share. The offering includes a 45-day underwriter’s option for an additional 332,239 shares at the public […]
Dr. Gawande tapped to lead Amazon-JPM-Berkshire health play | Personnel Moves – June 21, 2018
The joint healthcare venture between Amazon (NSDQ:AMZN), Berkshire Hathaway and J.P. Morgan Chase said this week it named Brigham and Women’s Hospital surgeon, New Yorker magazine staff writer and bestselling author Dr. Atul Gawande as its CEO, effective July 9. The joint venture said that the newly formed company will be headquartered in Boston, and will operate […]
CHF Solutions shares down on Q1 miss
Shares in CHF Solutions (NSDQ:CHFS) have fallen today after the heart-focused medical device maker missed expectations on Wall Street with its first quarter earnings results. The Eden Prairie, Minn.-based company posted losses of $4.4 million, or $1.08 per share, on sales of $1 million for the three months ended March 31, seeing losses grow 363% while […]
5 medtech stories we missed this week: April 20, 2018
From CHF Solutions’ new Italian distribution deal to Masimo’s CE Mark approval, here are five medtech stories we missed this week but thought were still worth mentioning. 1. CHF Solutions signs Italian distribution deal CHF Solutions announced in an April 17 press release that it has signed a new distribution agreement with TRX Italy to distribute […]
CHF Solutions expands into Hong Kong
CHF Solutions (NSDQ:CHFS) said today it inked a deal to expand into the Hong Kong market through its Asian distributor Transmedic. The Eden Prairie, Minn.-based company said that Transmedic recently confirmed its first commercial orders in the region, coming in from both Singapore and Hong Kong. The commercial orders were for both Aquadex FlexFlow consoles and […]
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