Wright Medical (NSDQ:WMGI) said today that it is creating a new digital division and that it is promoting strategy, tech & corporate dev senior VP Jason Asper to chief digital officer. The new CDO title comes alongside Asper’s existing responsibilities, Amsterdam-based Wright Medical said. The new digital division will focus on the company’s digital surgery strategy […]
Medical Alley companies beat Q1 investment total
A surge in first-quarter 2019 investments in Medical Alley Association member startups pushed them past their performance in the same quarter last year, according to the Minnesota-based trade group. Seven of the 10 largest raises of the quarter went to medical device companies, which propelled the sector to its best first quarter on record, nearly doubling the […]
CHF Solutions touts reduced cost, hospital stays in Aquadex Flex Flow ultrafiltation study
CHF Solutions (NSDQ:CHFS) today released results from a study of its ultrafiltration, such as with its Aquadex Flex Flow system, as compared to diuretic therapy for treating heart failure patients, touting a reduction in hospital duration and readmissions. The Eden Prairie, Minn.-based company said that results from the study were published in the Journal of Medical […]
CHF Solutions closes $12m offering
CHF Solutions (NSDQ:CHFS) said today that a stock-and-warrants offering brought in more than $12 million. The Eden Prairie, Minn.-based fluid management device maker said the $5.25-per-unit offering was worth a total of $10.8 million, plus an over-allotment option the underwriters exercised in full, adding another $1.6 million. The offering was divided into two issues, the first consisting […]
CHF Solutions prices $11m offering
CHF Solutions (NSDQ:CHFS) today priced a stock-and-warrants offering worth nearly $11 million. The Eden Prairie, Minn.-based fluid management device maker said the $5.25-per-unit offering is worth a total of $10.8 million, divided into two issues. The first consists of 147,000 Class A units of a stock share and a pair of warrants at that price, one […]
Cantel Medical taps ex-Cardinal Health COO Fotiades for CEO | Personnel Moves, March 5, 2019
Cantel Medical taps ex-Cardinal Health vet for CEO Cantel Medical (NYSE:CMD) said today that it named former Cardinal Health (NYSE:CAH) COO George Fotiades to be its new president & CEO, replacing Jorgen Hansen effective immediately. Fotiades will retain his seat on Cantel’s board, the Little Falls, N.J.-based company said. “On behalf of the board, I am very […]
CHF Solutions inks Indian Aquadex FlexFlow distro deal
CHF Solutions (NSDQ:CHFS) said yesterday that it inked an agreement with Wayinia Lifesciences to distribute its Aquadex FlexFlow system in India. The Eden Prairie, Minn.-based company said that the agreement will expand its sales outreach in Asia and open access to one of the larger population centers in the region. “We continue to expand our presence […]
CHF Solutions eyes post-cardiovascular surgery market
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 […]
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