Coloplast announced today that it entered into an agreement to sign Kerecis, a developer of biologics for the wound care market. The agreement has a total value reaching up to $1.3 billion. Of that, Coloplast intends to pay $1.2 billion in an upfront cash payment. Denmark-based Coloplast sees Kerecis as an “attractive opportunity” to strengthen […]
Coloplast
Coloplast wins summary judgement in transvaginal mesh suit in Minnesota
A federal judge in Minnesota granted summary judgment to Coloplast in a lawsuit over the company’s transvaginal mesh. Angela Dawn Cantrell received the Restorelle L mesh implant as part of surgery to correct vaginal prolapse in January 2018. Cantrell continued to experience pain and pelvic floor dysfunction after the surgery and underwent additional surgeries. In […]
Ambu replaces CEO with new leadership
Ambu today said it has hired board member Britt Meelby Jensen to replace CEO Juan Jose Gonzalez, effective tomorrow. “Since Juan Jose Gonzalez joined as CEO in 2019, Ambu has made good progress and achieved important milestones on the strategic transformation into the world’s largest single-use endoscopy company,” Ambu Chair Jørgen Jensen said in a […]
Coloplast to buy Atos Medical for more than $2B
Coloplast will spend 16 billion DKK kr. (roughly $2.4 billion) to acquire laryngectomy care device company Atos Medical. The Danish medtech giant in a Monday news release said Atos Medical’s goal of making life easier for people living with a neck stoma closely aligns with Coloplast’s purpose to serve people with intimate healthcare needs. Paris-based […]
DTW Podcast: Where will Intuitive find future growth? Abbott’s Moat on how population boom will boost demand
In this episode of the DeviceTalks Weekly Podcast, we’ll talk with Intuitive Surgical’s Julian Nikolchev, senior vice president, corporate development and strategy, and Dr. Oliver Keown, director of Intuitive Ventures, about the new $100 million venture fund. How will the capital be invested? Where does Intuitive see the opportunity, and how does the program fit […]
The top 5 MassDevice stories of the week — November 6, 2020
The medical device industry continues to move along — with M&A deals made and earnings reported — even as many people focus on the U.S. presidential election. Want to hear more about the week’s top news? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” — as well as fictional monsters […]
Coloplast sees revenue growth accelerating in 2021, acquires Nine Continents Medical
Coloplast (CPH:COLO-B) announced today that it was able to boost its annual earnings even as the COVID-19 pandemic held down sales growth — with the Danish medical device giant expecting a stronger 2021. Also today, Coloplast announced that it has completed its acquisition of Nine Continents Medical, an early-stage company pioneering an implantable tibial nerve stimulation […]
DTW Podcast: New tools helping medtechs overcome COVID19 challenges
In this week’s DeviceTalks Weekly Podcast, senior executives from Avail Medsystems and AliveCor detail how their tools are helping medtechs remain in contact with both physicians and patients. In the keynote interview with Daniel Hawkins, CEO of Avail Medsystems, says the company’s Procedural Telemedicine system will allow medical device sales representatives to observe more procedures […]
The top 5 MassDevice stories of the week — October 2, 2020
Major medtech companies are making tuck-in acquisitions and investments as they seek innovations to help them grow out of the COVID-19 pandemic and resulting recession. That was a major takeaway from our top stories on MassDevice over the past week. Want to hear more about the week’s top news? Executive editor Chris Newmarker and Tom […]
Coloplast invests $4M in Francis Medical
Urological cancer treatment developer Francis Medical announced today that it received a $4 million equity investment from Coloplast (CPH:COLO-B). Minneapolis-based Francis Medical develops ablation technology designed to apply thermal energy stored in sterile water vapor to deliver targeted treatments to the cancerous tissue in a transurethral procedure, according to a news release. The procedure potentially minimizes […]
Report: More women harmed by medical devices than men
A new investigation of FDA adverse event data has revealed that more women are harmed by medical devices than men. The report published by the International Consortium of Investigative Journalists (ICIJ) shows that among 340,000 people whom the FDA listed as having been injured by a medical device, women made up 67%, compared with men […]
