Henry Schein (NSDQ:HSIC) shares got a boost today on first-quarter results that topped the consensus forecast as medical sales boomed. The Melville, N.Y.-based company posted profits of $130.3 million, or 91¢ per share, on sales of $2.4 billion for the three months ended March 28, 2020, for an 18.7% bottom-line gain on sales growth of 2.9%. […]
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.
How can we keep our medtech community connected?
Everyone has had to rethink some priorities since the COVID-19 pandemic began circling the world. We’re working hard to make and renew connections in this critical industry with an eye toward personal safety and good health. Tom Salemi, Editorial Director, DeviceTalks Organizing conferences during the COVID-19 pandemic certainly creates new challenges. Most of us can’t […]
AdvaMed announces VentConnect online platform
Medtech trade association AdvaMed this week announced a new platform called VentConnect (www.VentConnect.org) to connect ventilator companies with component suppliers. The goal is to help quickly scale the production and distribution of life-saving ventilators amid the COVID-19 pandemic. Get the full story on our sister site Medical Design & Outsourcing.
ResMed launches remote ventilator monitoring in Europe
ResMed (NYSE:RMD) announced today an accelerated launch of cloud-based remote monitoring software for ventilators and Lumis bilevel devices across Europe. The San Diego–based maker of respiratory support devices has been among a host of ventilator makers rushing to meet demand amid the COVID-19 pandemic. But the company noted that there are also many other people who […]
Liberate Medical wins EUA for VentFree muscle stimulator
Liberate Medical announced today that it received FDA emergency use authorization (EUA) for its VentFree respiratory muscle stimulator. Crestwood, Ky.-based Liberate’s VentFree system is designed to reduce disuse atrophy of the abdominal wall muscles, which could reduce the number of days that adult patients require mechanical ventilation. It could also be used for patients with […]
Vyaire Medical, Spirit AeroSystems partner on ventilator production
Vyaire Medical and Spirit Aerosystems (NYSE:SPR) announced today that they are partnering to build critical care ventilators amid the COVID-19 pandemic. In a temporary partnership, Vyaire is slated to ramp up production of its critical care ventilators at Spirit’s Wichita, Kan.-based converted manufacturing facility. The agreement adds to Vyaire’s already-accelerated production, as the Chicago-based company […]
Roche Diagnostics win FDA EUA for COVID-19 antibody test
Roche Diagnostics has received FDA emergency use authorization (EUA) for its Elecsys Anti-SARS-CoV-2 COVID-19 antibody test. The test will identify antibodies to determine if a person has ever been infected with the coronavirus. The presence of SARS-CoV-2 antibodies in human serum or plasma can also indicate an adaptive immune response. Switzerland-based Roche has begun shipping […]
Cerus gains FDA approval for blood plasma kit
Cerus Corp. (NSDQ:CERS) announced today that it received FDA approval for its Intercept plasma with an alternative plastic disposable kit. The company’s conversion to the new disposable kit represents its strategy to enhance its global supply chain’s integrity, according to a news release. The approval is a prerequisite for the company’s planned PMA-S submission for […]
New bill would provide $75B for PPE, ventilator production
A bill by two progressive Congressional Democrats would provide the federal government with $75 billion to produce or purchase personal protective equipment (PPE) and medical devices to fight the COVID-19 pandemic. Sen. Bernie Sanders (I-Vt.) and Rep. Ro Khanna (D-Calif.) are co-sponsoring the bill, which aims to provide the money to the Federal Emergency Management […]
Tactile Systems up despite 1Q losses
Tactile Systems Technology (NSDQ: TCMD) shares crept up today on mixed first-quarter results that included a slide from profits to losses. The Minneapolis-based company posted losses of -$1.3 million, or -7¢ per share, on sales of $43.7 million for the three months ended March 31, 2020, for a bottom-line into the red from profits of $1.5 million […]
BREAKING: FDA grants emergency use of drug to treat COVID-19
The FDA this afternoon issued an emergency use authorization for the investigational antiviral drug remdesivir to treat severely ill COVID-19 patients. The authorization for the drug, made by Gilead Sciences’ (NSDQ:GILD), will allow both adults and children to be treated with the remdesivir, the first drug believed to have any effect on the virus that has […]