In this week’s DeviceTalks Weekly Podcast, Rich Newitter, managing director at SVB Leerink, says Zimmer Biomet’s decision to spin out its spinal and dental business will accelerate its already impressive market share grab in its core orthopedics industry. Newitter says CEO Bryan Hanson brings a tried-and-true diversification model used by companies like his former employer, […]
CooperSurgical
CooperSurgical acquires Aegea Medical and its water vapor ablation system
CooperCompanies’ (NYSE:COO) CooperSurgical business has purchased Aegea Medical, nearly a year after Aegea secured FDA approval for its Mara water vapor ablation system for treating heavy menstrual bleeding. The financial terms of the deal were not disclosed in the companies’ announcement yesterday. The companies pointed out an international, multi-center pivotal clinical trial enrolling 155 women, […]
Cooper Cos. shares rise on FY2019 Q1 earnings beat
Shares in Cooper Cos. (NYSE:COO) have risen in after-hours trading today after the company reported first quarter fiscal year 2019 earnings that beat expectations on Wall Street. The Pleasanton, Calif.-based company reported profits of $103.2 million, or $2.07 per share, on sales of $628.1 million for the three months ended January 31, seeing a swing […]
Teva closes Paragard sale to CooperSurgical
Teva Pharmaceuticals (NYSE:TEVA) said today that it closed the $1.1 billion cash sale of its Paragard intrauterine copper contraceptive device to Cooper Cos.‘ (NYSE:COO) CooperSurgical unit. The deal included Teva’s manufacturing facility in Buffalo, N.Y., the pharma company reported. The move is part of Teva’s efforts to restructure its business, narrowing its focus on CNS and respiratory […]
Smiths Medical deals Wallace IVF biz to CooperSurgical for $174m
Smiths Group (LON:SMIN) said today it divested its Wallace in-vitro fertilization product line to Cooper Cos. (NYSE:COO) CooperSurgical subsidiary for $174 million (UK £140 million). The divestiture is part of an ongoing program at Smiths to focus its portfolio on “market leading positions of scale in its chosen markets,” the company said. The company said that proceeds from […]
A medtech veteran takes on C. diff from the gut
Most people don’t think much about Clostridium difficile, or C. diff., until it impacts their family. That was the case for Rebiotix CEO Lee Jones, who had never heard of the disease until her mother fell ill with it several years ago. Lee says she quickly learned how dangerous the disease really is – it’s responsible for more than 29,000 […]
CooperSurgical pays $47m for IVF screener Reprogenetics
Cooper Cos. (NYSE:COO) CooperSurgical subsidiary acquired in-vitro fertilization screening company Reprogenetics last week for nearly $47 million. Livingston, N.J.-based Reprogenetics offers pre-implantation genetic screening and diagnosis for in vitro fertilization, Cooper said. The $46.5 million deal isn’t expected to affect earnings per share this year or in 2016, but should be accretive thereafter, the company said. Reprogenetics put up […]
FDA warns CooperSurgical about Texas manufacturing plant
The FDA issued a warning to CooperSurgical (NSDQ:COO) after inspectors noted violations at the company’s Stafford, Texas, manufacturing facility.
