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Patent board invalidates SurgiQuest patent in Lexion spat

July 3, 2018 By Brad Perriello Leave a Comment

ConMed (NSDQ:CNMD) subsidiary SurgiQuest lost an intellectual property spat with Lexion Medical last week when a U.S. patent board invalidated a trocar patent. SurgiQuest sued Lexion last year, alleging infringement of patent no. 9,095,372B2, covering a “system and method for improved gas recirculation in surgical trocars with pneumatic sealing,” by Lexion’s line of Insuflow Synergy […]

Filed Under: Legal News, Patent Infringement, Surgical Tagged With: ConMed Corp., Lexion Medical, SurgiQuest Inc.

ConMed shares rise on beat-and-raise Q1

April 26, 2018 By Fink Densford Leave a Comment

Shares in ConMed (NSDQ:CNMD) have risen today after the medical device maker beat expectations on Wall Street with its first quarter earnings results. The Utica, N.Y.-based company posted profits of $10.7 million, or 37¢ per share, on sales of $202.1 million for the three months ended March 31, seeing a swing from red ink on the […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

Conmed’s Q4, 2017 profits surge on tax gain

February 1, 2018 By Brad Perriello Leave a Comment

Fourth-quarter and full-year profits surged for ConMed (NSDQ:CNMD) thanks to the tax reforms passed last year, as the medical device maker posted Street-beating sales and earnings numbers. Utica, N.Y.-based Conmed yesterday reported profits of $46.7 million, or $1.65 per share, on sales of $222.6 million for the three months ended Dec. 31, 2017. That’s a […]

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

Cerner taps former head of Philips North America to take over corner officer | Personnel Moves January 11, 2018

January 11, 2018 By Sarah Faulkner Leave a Comment

Cerner Corp. (NSDQ:CERN) said yesterday that it named Brent Shafer to serve as chairman & CEO effective Feb. 1. Shafer previously served as CEO of Philips‘ (NYSE:PHG) North America business. Cerner’s co-founder Cliff Illig has been serving as interim CEO and chairman of the board since July last year. Illig said he plans to resume […]

Filed Under: Wall Street Beat Tagged With: Allurion Technologies, Cerner Corp., ConMed Corp., General Electric, Hewlett-Packard Co., Hillrom, Imaging3, LivaNova, Natus Medical Inc., Personnel Moves, Philips, ReWalk Robotics, Teleflex, Tryton Medical Inc.

Hologic to retain CEO MacMillan | Personnel Moves – November 3, 2017

November 3, 2017 By Fink Densford Leave a Comment

Hologic (NSDQ:HOLX) said this week its current prez and CEO Stephen MacMillan will stay on with the company, resolving rumors that he may depart it to take up the corner office at Zimmer Biomet (NYSE:ZBH). In an SEC filing, the Marlborough, Mass.-based company’s board said it approved a special “performance-based retention equity grant” to MacMillan after he had begun […]

Filed Under: Business/Financial News Tagged With: ConMed Corp., Hologic, Invacare, kentimaging, Meritech Capital Partners, Pulmatrix Inc., Sanofi-Aventis, Smith & Nephew, Tissue Regenix, Zimmer Biomet

ConMed ticks up on Street-beating Q3 results

November 3, 2017 By Brad Perriello Leave a Comment

ConMed (NSDQ:CNMD) shares ticked up today after the medical device company yesterday reported third-quarter results that topped Wall Street’s forecast and announced the retirement of its financial chief. Utica, N.Y.-based ConMed posted profits of $7.2 million, or 26¢ per share, on sales of $190.1 million for the three months ended Sept. 30, for a -1.9% […]

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

ConMed shares steady on Q2 beat

July 27, 2017 By Fink Densford Leave a Comment

Shares in ConMed (NSDQ:CNMD) have stayed steady today after the device maker met expectation on Wall Street with its 2nd quarter earnings results. The Utica, N.Y.-based company posted profits of $6.1 million, or 22¢ per share, on sales of $197.2 million for the 3 months ended June 30, for bottom-line growth of 112.9% while sales grew […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: ConMed Corp.

MedShape deals ExoShape ACL portfolio to ConMed

July 5, 2017 By Fink Densford Leave a Comment

MedShape said today it inked a deal to divest its ExoShape ACL fixation system properties to ConMed (NSDQ:CNMD) for an undisclosed amount. The deal, which closed on Monday, includes Atlanta-based MedShape’s ExoShape femoral and tibial soft tissue fasteners designed to fixate soft tissue grafts in anterior cruciate ligament reconstructive surgery. “The ExoShape system has represented a […]

Filed Under: Business/Financial News, Orthopedics Tagged With: ConMed Corp., MedShape Inc

Lombard Medical CEO Hubbert, CFO Kullback step down | Personnel Moves, April 28, 2017

April 28, 2017 By Fink Densford Leave a Comment

Lombard Medical Technologies (NSDQ:EVAR) said this month that its CEO Simon Hubbert and CFO William Kullback are stepping down from their positions, with Kurt Lemvigh stepping into the CEO role. Hubbert served as CEO for 6 years after joining the company in 2010, and will be replaced by Lemvigh, who has held positions with multiple companies, including […]

Filed Under: Business/Financial News Tagged With: Accuray Inc., becton dickinson, Boston Scientific, Cardiac Sciences Corp., ConMed Corp., Fresenius, GE Healthcare, lombardmedical, Magnolia Medical Technologies, ReWalk Robotics, Senseonics, Toshiba

Conmed’s SurgiQuest loses $12m to Lexion in false advertising case

April 12, 2017 By Fink Densford Leave a Comment

Conmed (NSDQ:CNMD) said today that a jury today returned a $12.2 million verdict against it and its SurgiQuest subsidiary in a false advertising case with Lexion Medical. The jury in the US Federal District Court for the District of Delaware found SurgiQuest liable for $2.2 million in compensatory damages and an additional $10 million in punitive damages, […]

Filed Under: Business/Financial News, Legal News Tagged With: ConMed Corp., Lexion Medical

ConMed licenses KFx rotator cuff repair patents

April 7, 2017 By Fink Densford Leave a Comment

 KFx Medical has inked a new licensing agreement with ConMed (NSDQ:CNMD) related to its knotless double row rotator cuff repair patents. Through the agreement, ConMed and its subsidiaries will have the right to market products and techniques for knotless double row rotator cuff repair. The companies said that approximately 1/3rd of the rotator cuff repairs in the […]

Filed Under: Business/Financial News, Orthopedics Tagged With: ConMed Corp., KFx Medical

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