Becton Dickinson (NYSE:BDX) shares were up in pre-market trading on Street-beating second-quarter results. The Franklin Lakes, N.J.-based company posted profits of $183 million, or 53¢ per share, on sales of $4.3 billion for the three months ended March 31, 2020, for a massive bottom-line gain from $20 million in profits this time last year on 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.
Smith & Nephew’s Q1 revenues take a hit amid COVID-19 pandemic
Smith & Nephew (NYSE:SNN) shares slightly ticked up today on first-quarter results that were heavily impacted by the ongoing COVID-19 pandemic. The London-based orthopedics and wound care giant posted a sales decline of 5.7%, dropping from $1.2 billion in sales this time last year to $1.1 for the quarter ended March 28, 2020. In March, the […]
Cleanbox launches UV-C mask decontamination device
Cleanbox Technology announced that it is launching its CleanDefense ultraviolet point-of-use mask decontamination product in response to the COVID-19 pandemic. The Carlsbad, Calif.-based company’s technology uses UV-C light in an LED to decontaminate products worn on the face or the head with a focus on high-risk contagion transfer points. According to a news release, Cleanbox […]
Cardiovascular Systems sinks on missed Q1 revenues
Cardiovascular Systems (NSDQ:CSII) shares dropped today on COVID-19-affected first-quarter results that missed the consensus forecast. The St. Paul, Minn.-based company posted losses of -$2.9 million, or -8¢ per share, on sales of $61.2 million for the three months ended March 31, 2020, sliding into the red from profits of $672,000 year-over-year on a sales decline of […]
3M, Ford to begin shipping respirators to COVID-19 first responders
3M (NYSE:MMM) and Ford Motor Company announced today that they have begun shipping 10,000 of the jointly developed powered air-purifying respirators (PAPRs) to healthcare workers fighting COVID-19. Production began April 13 at Ford’s Vreeland facility near Flat Rock, Mich., after 40 days of development, according to 3M. 3M said it will sell and distribute the PAPRs […]
Inspire Medical up on Q1 mixed bag
Inspire Medical Systems (NYSE:INSP) shares ticked up today on mixed first-quarter results compared to the consensus forecast. The Minneapolis-based company posted losses of -$16.2 million, or -67¢ per share, on sales of $21.3 million for the three months ended March 31, 2020, nearly doubling last year’s losses of -$8.3 million despite sales growth of 31.4%. Adjusted […]
Avanos up on Street-beating Q1
Avanos Medical (NYSE:AVNS) shares ticked up today on first-quarter results that topped the consensus forecast. The Alpharetta, Ga.-based company posted profits of $3.7 million, or 8¢ per share, on sales of $180.4 million for the three months ended March 31, 2020, recording profits after a $20.3 million loss this time last year on sales growth of […]
AdvaMed’s Whitaker calls for pandemic cooperation
Preparation for future pandemics will require closer cooperation between the medtech industry and the U.S. government, according to Scott Whitaker, CEO and president of the trade group AdvaMed. In an interview on the DeviceTalks Weekly podcast, Whitaker laid out steps he believes the federal government and medtech industry must take, including addressing medical device and […]
Cardiovascular societies outline return to medical, surgical procedures
A group of North American cardiovascular societies released guidance today on the resumption of heart-related procedures in light of the COVID-19 pandemic. The guidance, scheduled to be published in a future issue of the Journal of the American College of Cardiology, takes into account regional differences in the intensity of the outbreak. Most invasive cardiovascular […]
PerkinElmer receives EUA for COVID-19 antibodies test
PerkinElmer (NYSE:PKI) announced today that it received FDA emergency use authorization (EUA) for its EuroImmun subsidiary’s COVID-19 serology test. The Waltham, Mass.-based company’s Anti-SARS-CoV-2 ELISA serology test for detecting the IgG antibody in COVID-19 patients is now available for immediate use in clinical laboratories. PerkinElmer and EuroImmun designed the ELISA test to aid in identifying individuals […]
Haemonetics slides on missed 4Q projections
Haemonetics (NYSE:HAE) shares slid today on fourth-quarter results that came up short compared to the consensus forecast. The Boston-based company posted profits of $17.6 million, or 34¢ per share, on sales of $238.5 million for the three months ended March 28, 2020, for a -15.4% bottom-line slide on a sales decline of -4.3%. Adjusted to exclude […]