Boston Scientific (NYSE:BSX) shares rose today on second-quarter results that topped the consensus forecast. The Marlborough, Mass.-based company posted losses of $147 million, or -11¢ per share, on sales of $2 billion for the three months ended June 30, 2020, seeing its bottom line slide from $154 million in profits into the red on a sales […]
coronavirus
Here at MassDevice — medtech's online business journal — we're covering news about the coronavirus (COVID-19) pandemic daily. Here is the latest about coronavirus and the medical device industry, regulatory changes related to the pandemic, new tests for the virus, vaccine development, and much more.
Moderna touts preclinical study results for COVID-19 vaccine candidate
Moderna (NSDQ:MRNA) announced today that the preclinical study of its COVID-19 vaccine candidate observed immune response and protection against the virus in non-human primates. Cambridge, Mass.-based Moderna’s study, published in The New England Journal of Medicine, showed that a two-dose vaccination schedule of the mRNA-1273 vaccine candidate led to a “robust immune response and protection” against SARS-CoV-2 infection […]
Protolabs stock takes a hit despite beating The Street for Q2
Shares in Protolabs (NYSE: PRLB) dropped by nearly 9% today on news of second-quarter medical device sales that would have been worse had it not been for orders that came in response to COVID-19. The Maple Plain, Minn.-based rapid manufacturing company reported profits of $12.6 million or $0.47 per share, on sales of $106.58 million for the three […]
How a top research lab pivoted to fight COVID-19
A top medtech research site, the Boston-based Karp Lab has responded to COVID-19 with a virus-fighting nasal spray, better mask straps and much more. COVID-19 completely disrupted the work at Jeff Karp’s medical engineering lab at Brigham and Women’s Hospital in Boston. That’s not necessarily a bad thing. One company that was planning to do […]
U.S. government agencies announce COVID-19 Insights Partnership
The U.S. Dept. of Energy, Dept. of Health and Human Services and Dept. of Veterans Affairs announced today that they formed a COVID-19 Insights Partnership. According to a news release, the trio of government agencies formed the partnership as an initiative to coordinate and share health data, as well as to research the virus and […]
3M dips on missed Q2 projections
3M (NYSE:MMM) shares took a hit today on second-quarter results that came up short of the consensus forecast. The St. Paul, Minn.-based company posted profits of $1.3 billion, or $2.22 per share, on sales of $7.2 billion for the three months ended June 30, 2020, for a 14.5% bottom-line gain on a sales decline of -12.2%. […]
HHS, DOD invest $7.6m in Hologic COVID-19 test samples
The U.S. Dept. of Health and Human Services (HHS) and Defense Dept. (DoD) announced a $7.6 million contract for COVID-19 testing from Hologic (NSDQ:HOLX). Marlborough, Mass.-based Hologic will receive the contract with a ceiling of $7.6 million so it can expand production of custom sample collection and processing consumables for COVID-19 testing, according to a news […]
LabCorp COVID-19 test may be used on asymptomatic people
The FDA on Friday added two new indications for the use of a Laboratory Corporation of America (NYSE:LH) COVID-19 RT-PCR diagnostic: to test people who have no symptoms of the virus or have no reason to believe they’ve been exposed; and to allow pooled testing of up to five samples from different people. The test, which received an emergency […]
Moderna launches Phase 3 study of its COVID-19 vaccine candidate
Moderna (NSDQ:MRNA) announced today that it began dosing participants in the Phase 3 clinical study of its mRNA-1273 COVID-19 vaccine candidate. Cambridge, Mass.-based Moderna’s COVE (coronavirus efficacy) study is being conducted in collaboration with the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH) and the Biomedical Advanced Research […]
MedTech 100 roundup: Industry remains on the rise
The medtech industry continues to climb back up in the markets, following a landmark week with another move up toward its pre-COVID-19-pandemic highs. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.29 points at the end of last week (July 24). That total represents just a […]
HHS seeks 20m point-of-care COVID-19 antibody tests per month
The federal government wants U.S. diagnostics companies to develop rapid point-of-care COVID-19 antibody tests — using only materials made in the USA. The Department of Health and Human Services (HHS) on Thursday issued the call for submissions from companies that can quickly begin production of more than 20 million such tests per month. The tests must […]