Convatec announced that it partnered with Beta Bionics on the launch of the iLet Bionic Pancreas for automated insulin delivery. FDA last week cleared the Beta Bionics iLet ACE automated insulin pump and iLet dosing decision software. Convatec offers design and manufacturing services for infusion set technologies and insertion devices for insulin pump treatment. Beta […]
ConvaTec
Medtronic launches 7-day infusion set for insulin pumps in U.S.
Medtronic (NYSE:MDT) announced today that it launched its Medtronic Extended Infusion set for seven-day wear with insulin delivery. The Medtronic Extended Infusion Set represents the first and only infusion set labeled for wearing for up to seven days. The infusion set for delivering insulin from a pump to the body typically requires changing every two […]
Convatec warns on some Avelle negative pressure wound therapy pumps
Convatec issued an urgent field safety notice in Europe to warn of issues with its Avelle negative pressure wound therapy (NPWT) pump. The Avelle pump is a battery-powered device for use on patients that would benefit from a NPWT device with a low-to-moderately-exuding wound, such as chronic wounds like leg ulcers, acute wounds, dehisced wounds, […]
ConvaTec helps fund wound management research grants
ConvaTec (LON:CTEC) said today that it has joined the European Wound Management Association (EWMA) to launch three grants for wound management research. The grants will be available to nurses, doctors and scientists working in the field of wound management. ConvaTec’s contribution of approximately $34,000 will be split across three themes: Process redesign to improve quality […]
ConvaTec sees shares rise despite reduced Q1 sales
Shares in ConvaTec (LON:CTEC) rose today despite the company posting first quarter sales that saw sales shrink more than 5%. The Deeside, U.K.-based company reported sales of $430.6 million for the quarter ended March 31, 6% lower than the $458.2 million it reported during the first quarter of 2018. The company saw the biggest drop in […]
ConvaTec taps Bitar as CEO | Personnel Moves – March 26, 2019
ConvaTec (LON:CTEC) said today it tapped Karim Bitar as its new CEO, set to take the position on September 30. Prior to joining the U.K.-based medtech company, Bitar served as CEO of agricultural biotech company Genus, holding the corner office position for approximately eight years. Before his time with Genus, Bitar spent 15 years in various […]
ConvaTec CEO steps down amid lowered outlook
ConvaTec (LON:CTEC) shares lost a third of their value today after the British wound care giant said the CEO that took it public two years ago is stepping down and lowered its outlook for the rest of the year. Chief executive Paul Moraviec, who led ConvaTec to a $1.8 billion initial public offering in October 2016, […]
Motus GI taps Moran as CEO | Personnel Moves – September 25, 2018
Motus GI said today that it named Timothy Moran as its new chief executive officer, effective October 1, replacing former CEO Mark Pomeranz who will assume the role of president and COO. Moran has previously served ConvaTec‘s (LON:CTEC) Americas president and helped lead the company through its initial public offering in 2016. Prior to ConvaTec, Moran spent […]
ConvaTec picks up US distributor Woodbury Holdings for $121m
ConvaTec (LON:CTEC) said today it agreed to acquire US-based distributor Woodbury Holdings from MTS Health Investors for approximately $120.5 million. Floral Park, N.Y.-based Woodbury Holdings is an independent national distributor of incontinence and catheter products, as well as nutritional, enteral feeding and vascular compressions supplies, Convatec said, providing direct-to-home delivery across the US. With the acquisition, […]
ConvaTec expands Unomedical infusion set biz for Medtronic
ConvaTec (LON:CTEC) said today that it’s expanding its Unomedical infusion set business to keep pace with the diabetes segment at Medtronic (NYSE:MDT). The British wound care and colostomy supplies maker said the expansion of Unomedical’s production capacity is part of a decades-long partnership with Fridley, Minn.-based Medtronic. Unomedical makes disposable infusion sets for a range of Medtronic MiniMed insulin pumps, including […]
ConvaTec investors deal 19% stake for more than $1B
The private equity owners of ConvaTec (LON:CTEC) drummed up about $1.21 billion (£975 million) by selling off a 19% stake in the British medical device maker. PE shops Nordic Capital and Avista sold 375 million shares at £2.60 apiece in the over-subscribed offering, after raising the float from 300 million shares, according to bookrunner UBS. Other […]
