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Will Intuitive Surgical’s stock ever stop? | Wall Street Beat

March 13, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Shares of Intuitive Surgical (NSDQ:ISRG) hit an all-time high yesterday of $529.70 and beat it today, as investors sent the shares to $531.35 apiece this morning.

The spikes followed an upgrade by analysts at Lazard Capital, who raised their price target on the stock to $575 from $525 and reinforced their “buy” rating.

Filed Under: Funding Roundup, Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: BBK Ltd., Capinnova, Devicor Medical Products, DJO Global, Health Care DataWorks, Intuitive Surgical, Neurometrix, NxStage Medical Inc., Orgenesis, PLC Systems Inc., Rockwell Medical Technologies, Solta Medical Inc., Teleflex, Venture Capital/Private Equity, Zoll Medical

Moody’s estimates med-tech tax impact

March 9, 2012 By MassDevice staff Leave a Comment

MassDevice.com med-tech tax coverage

The 2.3% tax on revenues slated to go into effect next year for medical device makers could top $650 million for the med-tech companies covered by Moody’s Investor Services, according to a report by the ratings agency.

The tax will help slow EBIDTA growth rates for the med-tech sector to between 1% and 4% over the next year to 18 months, according to Moody’s, with organic growth rates of between 2% and 3% during that period.

Filed Under: News Well, Wall Street Beat Tagged With: Baxter, becton dickinson, Bio-Rad Laboratories, Biomet, Boston Scientific, C.R. Bard, CareFusion Corp., Covidien, Dentsply Sirona, DJO Global, Hillrom, Hospira Inc., Immucor Inc., Kinetic Concepts Inc., stjudemedical, Stryker, Teleflex, Zimmer Biomet

HeartWare gains on Wall Street as losses widen in 2011 | Earnings Roundup

February 16, 2012 By MassDevice staff Leave a Comment

HeartWare logo

HeartWare International (NSDQ:HTWR) reported strong sales growth amid widening losses for the 4th quarter and 2011, and Wall Street showed some love.

The Framingham, Mass.-based heart pump maker raked in $82.8 million for the year ended Dec. 31, 2011, a 50% bump from $55.2 million in 2010. Losses, however, widened to $55.1 million, or $3.94 per diluted share. Analysts had forecast a loss of $3.17 per diluted share for 2011.

Filed Under: MassDevice Earnings Roundup, News Well, Structural Heart Tagged With: Dentsply Sirona, DJO Global, Draeger Medical, HeartWare International Inc., Q4, Spectranetics Corp., Unilens

Stryker CEO Stephen MacMillan resigns for “family reasons”

February 9, 2012 By MassDevice staff Leave a Comment

Stryker Corp. (NYSE:SYK) chairman, president & CEO Stephen MacMillan walked away from one of the most successful medical device companies in the world on Wednesday, citing family reasons for an abrupt departure.

Filed Under: News Well, Orthopedics Tagged With: AdvaMed, DJO Global, Personnel Moves, Stryker

Mela adds five to board of directors to replace four outgoing members | Personnel Moves

December 12, 2011 By MassDevice staff Leave a Comment

Mela Sciences logo

Mela Sciences (NSDQ:MELA) added five new members to its board of directors this month, looking to tap their expertise in advance of a planned launch in the U.S. and Germany in the first quarter of 2012.

The Irvington, N.Y.-based company named the new directors on the heels of two regulatory wins granting its flagship skin cancer detection device MelaFind market access in the U.S. and Europe.

Filed Under: News Well, Oncology Tagged With: Competitive Technologies Inc., DJO Global, Intrinsic Therapies, MELA Sciences Inc., Personnel Moves, SuccessEHS

BD slides on missed Q4 expectations, 24% profit decline | Earnings Roundup

November 2, 2011 By MassDevice staff Leave a Comment

Becton, Dickinson

Shares of Becton Dickinson (NYSE:BDX) slipped 4.4 percent today after the company announced a 24.4 percent profit slide and missed Wall Street’s expectations for its Q4 earnings.

BD posted profits of $300.0 million, or $1.36 per share, on sales of $2.05 billion for the three months ended Sept. 30. That compares with profits of $396.7 million, or $1.68 per share, on sales of $1.87 billion during the same period last year.

Filed Under: MassDevice Earnings Roundup, News Well, Wall Street Beat Tagged With: becton dickinson, DJO Global, Fresenius, Given Imaging, Medical Action Industries Inc., Merge Healthcare, Q3, Steris Corp.

FDA warns Lasik docs to stay honest in advertising, Getinge pays $680 million for Atrium Medical, DJO’s executive VP resigns | MassDevice.com +3

October 3, 2011 By MassDevice staff Leave a Comment

Plus 3

Say hello to MassDevice +3, a bite-sized view of the top three med-tech stories of the day. This latest feature of MassDevice.com’s coverage highlights our three biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.

If you read nothing else today, make sure you’re still in the know with MassDevice +3.

Filed Under: Food & Drug Administration (FDA), Mergers & Acquisitions, News Well Tagged With: Atrium Medical Corp., DJO Global, Getinge, Personnel Moves

DJO Global’s executive vice president resigns | Personnel Moves

October 3, 2011 By MassDevice staff Leave a Comment

DJo Global

Medical device maker DJO Global, Inc. announced that its executive vice president of U.S. commercial operations, Andrew Holman, will leave the company “to pursue other opportunities.”

Newly minted DJO president & CEO Mike Mogul will assume responsibility for the San Diego, Calif.-based company’s U.S. commercial activities.

Filed Under: News Well Tagged With: Biogen, Dehaier Medical Systems Ltd., DJO Global, Elekta, Novella Clinical Inc., Personnel Moves, Revolutions Medical Corp., SANUWAVE Health Inc., Stereotaxis, Stryker

DJO Global Announces U.S. Commercial Leadership Transition

October 3, 2011 By MassDevice Leave a Comment

SAN DIEGO–(BUSINESS WIRE)–DJO Global, Inc., (“DJO” or the “Company”) a leading provider of medical device solutions for musculoskeletal health, vascular health and pain management, today announced that Andrew Holman, executive vice president, U.S. commercial operations, is leaving DJO to pursue other opportunities. In connection with this transition and for the immediate future, DJO president and chief executive officer, Mike Mogul, will assume direct responsibility for DJO’s commercial activities in the United States.

Filed Under: Uncategorized Tagged With: DJO Global, Press Release

Coloplast posts 44 percent boost in sales for latest quarter | Earnings Roundup

August 18, 2011 By MassDevice staff Leave a Comment

Coloplast

Coloplast AS (CPH:COLO B) reported a strong third quarter, with boosts in sales and earnings for the three months ended June 30.

The quarter’s sales grew 6 percent to $503 million, compared to $475 million during the same period last year.

Filed Under: MassDevice Earnings Roundup, News Well, Wall Street Beat Tagged With: Coloplast, Dehaier Medical Systems Ltd., DJO Global, Patient Safety Technologies Inc., Q2, Retractable Technologies Inc.

Blackstone Group in the hunt for Kinetic Concepts

July 6, 2011 By MassDevice staff Leave a Comment

Kinetic Concepts

One of the potential bidders for Kinetic Concepts Inc. (NYSE:KCI) is the Blackstone Group, a private equity firm with a massive $16 billion buyout fund and a past history of making big bets in med-tech.

Filed Under: Mergers & Acquisitions, News Well Tagged With: Biomet, DJO Global, Kinetic Concepts Inc., The Blackstone Group LP

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