Cutera (NSDQ:CUTR) recently announced that it appointed Rohan Seth as chief financial officer, effective August 10. Seth most recently served as the VP of finance for the global orthopedic franchise at Smith & Nephew. He has also held a number of leadership roles at Alcon Labs, Stryker and Whirlpool. Seth replaces Fuad Ahmad, who has served […]
Cutera, Senseonics and more receive Paycheck Protection Program loans
A number of medtech companies announced that they received millions of dollars in loans through the Paycheck Protection Program of the Coronavirus Aid, Relief and Economic Security (CARES) Act. Cutera (NSDQ:CUTR), Senseonics (NYSE:SENS), Viveve Medical (NSDQ:VIVE) and Encision (ECIA:ECIA) received approximately $15 million combined through the program administered by the U.S. Small Business Administration amid the COVID-19 pandemic. […]
COVID-19 upends medtech’s financial outlook
The uncertain times brought on by the COVID-19 pandemic have affected businesses worldwide, and several sectors of medtech industry are projecting hits to their bottom lines. A number of companies have announced decisions to withdraw financial guidance, cut hours and/or staff, among other major business decisions. Initial impacts of the global pandemic on Wall Street […]
Cutera claims Lutronic stole trade secrets
Medical aesthetic devicemaker Cutera (NSDQ:CUTR) has filed a lawsuit claiming that Lutronic Aesthetics stole trade secrets, lured away employees and competed unfairly under California’s business and professions code. Brisbane, Calif.-based Cutera is also suing certain former employees, alleging violations of their work agreements as well as violations of duties owed to the company under California […]
Cutera snags Vyaire Medical’s Mowry for CEO | Personnel Moves, July 9, 2019
Cutera (NSDQ:CUTR) said today that it snagged Vyaire Medical CEO David Mowry to be its new CEO, effective immediately. The aesthetic device maker in January fired president & CEO James Reinstein after the company missed expectations for its 2018 top line, naming COO Jason Richey as interim chief executive. Mowry led Tornier to a $3.3 billion […]
Cutera parts ways with CEO after missed 2018 prelims
Cutera (NSDQ:CUTR) this week parted ways with president & CEO James Reinstein after the aesthetic device maker missed expectations for its 2018 top line, naming COO Jason Richey as interim chief executive. Brisbane, Calif.-based Cutera said Jan. 7 that it expects to post sales of $161 million to $163 million for last year, short of the consensus […]
Cutera slashes guidance on FDA warning, shares fall
Shares in Cutera have fallen more than 20% today after the company cut its sales guidance for the third quarter and full year. The Brisbane, Calif.-based company said that it now expects to post sales of approximately $40 million in the third quarter. Cutera said that in light of the adjustment, it lowered its full […]
NinePoint Medical lifts Namati to the corner office | Personnel Moves – July 10, 2018
NinePoint Medical said earlier this month that it appointed Eman Namati as its new president and chief executive officer, succeeding Christopher von Jako who will remain on the company’s board of directors. Namati joined NinePoint Medical at its inception in 2010 as a technical co-founder, and operated as R&D VP for the past four years, […]
Vascular Dynamics taps ex-Ellipse Tech CEO Roschak as chief exec | Personnel Moves December 15, 2017
Vascular Dynamics said early this month it tapped former NuVasive Inc. (NSDQ:NUVA) exec and Ellipse Technologies CEO Ed Roschak as its new president and chief executive. Prior to joining Mountain View, Calif.-based Vascular Dynamics, Roschak served as prez and CEO of Ellipse Technologies, which he saw through a $410 million acquisition by NuVasive. He then took up […]
Lumicell taps ex-Accuray COO Londy as CEO | Personnel Moves July 18, 2017
Lumicell said last week it tapped former Accuray (NSDQ:ARAY) chief operating officer Kelly Londy as its new chief exec, with founder W. Lee moving to take the role of prez & chief scientific officer. Prior to holding the COO position at Accuray, Londy has held leadership positions at GE Healthcare (NYSE:GE) and Royal Philips (NYSE:PHG), Lumicell said. “We are […]
Getinge ousts CEO Myers after 18 months, shares slide | Personnel Moves August 22, 2016
Getinge ousts CEO Myers after 18 months, shares slide After less than 18 months in the corner office, Getinge (PINK:GETI B) has removed CEO Alex Myers from his position, sending shares down as much as 6% in trading. The shift was due to “different views” on the direction of the company, and changes are going into […]
