Shares in Dentsply Sirona (NSDQ:XRAY) have significantly fallen today after the medical device maker posted second quarter earnings results that met expectations on Wall Street but showed growing losses. The York, Penn.-based company posted losses of $1.12 billion, or 4.98¢ per share, on sales of $1.04 billion for the three months ended June 30, seeing losses […]
Dentsply Sirona shares down despite Street-beating Q1
Shares in Dentsply Sirona (NSDQ:XRAY) have fallen today despite the dental-focused medical device maker posting first quarter 2018 earnings that topped consensus on Wall Street. The York, Penn.-based company posted profits of $81.2 million, or $59.8 million per share, on sales of $956.1 million for the three months ended March 31, for bottom-line growth of 35.8% […]
Second Sight Medical taps Blake as CFO | Personnel Moves – March 27, 2018
Second Sight Medical (NSDQ:EYES) said last week it named John Blake as its new chief financial officer, succeeding Thomas Miller who has held the position since 2014. Before joining Second Sight Medical, Blake acted as finance senior VP at Tyr Pharma, and has held positions with Volcano Corp and BD Biosciences, the company said. Blake worked with […]
Dentsply Sirona ousts interim COO, beats with Q4 results
Dentsply Sirona (NSDQ:XRAY) yesterday ousted interim COO Bob Size and reported fourth-quarter and 2017 results that beat the consensus expectation for both sales and earnings. Size was appointed last October, when the dental devices giant cleared the deck, ousting its chairman, CEO and COO (former Cardinal Health (NYSE:CAH) exec Donald Casey Jr. was hired as chief executive last […]
Neovasc taps former Boston Scientific CRM vet Colen for CEO | Personnel Moves January 22, 2018
Neovasc (NSDQ:NVCN) said today it tapped former Boston Scientific (NYSE:BSX) cardiac rhythm management lead Fred Colen as its new chief executive officer, with former CEO Alexei Marko staying on as an advisor and member of the company’s board of directors. The move comes as part of a company-wide strategy looking to support commercialization efforts for its Reducer […]
Is tax reform good or bad for medical device companies?
Medical device companies and others in the healthcare sector stand to benefit from the tax reform Congress passed at the end of 2017, but the picture isn’t entirely rosy, according to a new report from S&P Global Ratings. In many ways, the report offers a corrective to the bullish statements coming from corporate CEOs such […]
Zimmer Biomet lures Medtronic vet Hanson to CEO spot | Personnel Moves December 19, 2017
Zimmer Biomet (NYSE:ZBH) said today it tapped former Medtronic (NYSE:MDT) exec VP Bryan Hanson as its new prez and CEO, replacing interim CEO Daniel Florin who will continue on as CFO and senior VP. A 20-year veteran of medical devices, Hanson operated most recently as group president of Fridley, Minn.-based Medtronic’s approximately $9 billion minimally invasive […]
Spinal Elements lifts former COO Blain to the corner office | Personnel Moves November 30, 2017
Spinal Elements, previously known as Amendia, said this week it is lifting co-founder and current prez & COO Jason Blain to the position of prez & CEO, effective immediately. Prior to coming on to co-found Spinal Elements, Blain served in various roles with medtech companies Smith & Nephew (NYSE:SNN), Alphatec (NSDQ:ATEC) and NuVasive Inc. (NSDQ:NUVA). Blain is replacing […]
Dentsply Sirona shares up on Q3 beat
Shares in Dentsply Sirona (NSDQ:XRAY) rose today after the medical device maker beat expectations on Wall Street with its 3rd quarter earnings release. The York, Penn.-based company posted profits of $90.5 million, or 39¢ per share, on sales of $1 billion for the 3 months ended September 30, seeing its bottom line shrink by 2% while its […]
Dentsply Sirona wins $7m in trade secret case after accused ex-engineer ducks out
Dentsply Sirona (NSDQ:XRAY) was awarded $6.8 million in damages in a trade secret suit after the ex-engineer accused of stealing the designs stopped participating in the legal proceedings, according to court documents. Former engineer Jian Lu was accused of stealing trade secrets related to a 3- imaging system for the company’s Apollo DI device, according to […]
MRI Interventions taps ex-Philips exec Burnett as prez, CEO | Personnel Moves – Oct 19, 2017
MRI Interventions (OTC:MRIC) said early this month it tapped former Royal Philips (NYSE:PHG) neuro diagnostics & therapy biz GM Joseph Burnett as its new prez & CEO, effective November 7. Burnett will replace Frank Grillo who will stay in his role until November 6 and will continue to serve as an executive advisor afterwards, the Irvine, Calif.-based […]
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