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The Medical Device Business Journal — Medical Device News & Articles | MassDevice

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Essilor International

Essilor’s 2015 profit rises, sees higher revenue in 2016

February 19, 2016 By MassDevice

(Reuters) — Essilor International (EPA:EI), the world’s largest maker of ophthalmic lenses, said today that operating profit rose 19.6% in 2015 and forecast that revenue would grow over the coming years, helped by demand from an aging population. Operating profit rose to €1.18 billion ($1.31 billion) last year from €989 million in 2014, while revenue rose 18.4% to […]

Filed Under: MassDevice Earnings Roundup, Optical/Ophthalmic, Wall Street Beat Tagged With: Essilor International

China fines J&J and other contact lens makers for anti-trust violations

May 30, 2014 By Arezu Sarvestani Leave a Comment

China fines contact lens makers for anti-trust violations

Chinese regulators slapped a string of contact lens and eyeglass makers with more than $3 million (19 million yuan) in fines after accusing them of violating the country’s anti-trust laws.

Filed Under: Emerging Markets, Legal News, News Well, Optical/Ophthalmic Tagged With: Anti-Trust, Bausch + Lomb, Carl Zeiss Meditec, Essilor International, Johnson and Johnson, Nikon

Hansen Medical pulls in $93M, shares surge 20% | Wall Street Beat

July 31, 2013 By Brad Perriello Leave a Comment

MassDevice.com Wall Street Beat

Hansen Medical (NSDQ:HNSN) said it inked an equity financing deal for up to $93 million with a consortium of investors including Oracle Investment Management and private equity player Jack Schuler, a co-founder of Crabtree Partners.

Filed Under: Funding Roundup, News Well, Surgical Robotics, Wall Street Beat Tagged With: CryoLife, Essilor International, Hansen Medical Inc., InVivo Therapeutics, PPG Industries

Medical Device Companies: Medtech’s best/worst valued stocks

August 27, 2012 By MassDevice staff Leave a Comment

MassDevice.com Big 100

One way to assess stock values is to compare the stock’s share price with its asset value.

The latter is the number of shares outstanding divided into total assets. When the result is compared with share prices, it can help investors decide whether a stock is over- or under-valued.

We took a look at the asset values for 15 of the world’s largest pure-play medical device companies and then compared them with the companies’ stock price.

Filed Under: News Well Tagged With: Boston Scientific, Dentsply Sirona, depuysynthes, Edwards Lifesciences, Essilor International, Intuitive Surgical, MassDevice Big 100, Mindray Medical International Ltd., ResMed Inc., Smith & Nephew, stjudemedical, Stryker, Teleflex, Varian Medical Systems, Zimmer Biomet

Medical device companies: Who’s hiring?

August 23, 2012 By MassDevice staff Leave a Comment

MassDevice.com Big 100

The economic recovery has been slow going in the U.S. as the housing market and persistently high unemployment have proven particularly stubborn.

That’s why we were surprised, after looking at the employment numbers in our MassDevice Big 100 database, to find that only 3 of the largest 15 med-tech makers wound up cutting their global workforces last year.

Filed Under: News Well Tagged With: Biomet, Boston Scientific, Dentsply Sirona, depuysynthes, Edwards Lifesciences, Essilor International, Hillrom, MassDevice Big 100, Mindray Medical International Ltd., Personnel Moves, Smith & Nephew, Smiths Medical, stjudemedical, Stryker, Teleflex, Zimmer Biomet

Medical device companies: Who spends the most on R&D?

August 14, 2012 By MassDevice staff Leave a Comment

Across the medical device industry, R&D spending in 2011 increased despite a lethargic economy, job cuts and reorganization mandates by a number of big-name companies.

Filed Under: News Well, Research & Development, Wall Street Beat Tagged With: 3m, Abbott, Alcon, American Medical Systems Holdings Inc., Boston Scientific, Danaher Corp., depuysynthes, Edwards Lifesciences, Essilor International, Fujifilm, GE Healthcare, Johnson and Johnson, Philips, Siemens, stjudemedical, Stryker, Toshiba, Varian Medical Systems, Zimmer Biomet

Elekta’s Q3 sales spike, earnings soar | Earnings Roundup

March 7, 2012 By MassDevice staff Leave a Comment

MassDevice.com Earnings Roundup

 Elekta’s Q3 sales spike, earnings soar

Filed Under: MassDevice Earnings Roundup, News Well, Wall Street Beat Tagged With: CAS Medical Systems Inc., DGT Holdings, Elekta, Essilor International, Imris Inc., Iridex Corp., Oridion Systems Ltd., Q4, Stereotaxis

Simbionix buys GMV’s Arthro VR training simulator | Deals Roundup

January 27, 2012 By MassDevice staff Leave a Comment

Simbionix

Simbionix USA Corp. acquired the Arthro VR arthroscopic training simulator line from Spain’s GMV for an undisclosed amount.

The deal broadens Simbionix’s footprint in the orthopedic training arena. The Arthro VR features a line of simulated procedures using fiberglass limb replicas, 3D images and haptic sensation.

Filed Under: News Well Tagged With: Bayer, becton dickinson, Bracco Diagnostics, C.R. Bard, Covidien, Deals Roundup, Essilor International, Group Purchasing Organizations (GPO), Lantheus Medical Imaging, M*Modal, MedQuist Holdings Inc., Novation, PPD Inc., Premier Inc., Simbionix USA Corp., VirtualScopics Inc.

Weight loss: GI Dynamics names new chief commercial officer, finance VP | Personnel Moves

November 29, 2011 By MassDevice staff Leave a Comment

GI Dynamics logo

GI Dynamics (ASX:GID) has a new global commercial head in Mark Twyman, who was appointed this week alongside Robert Solomon, who will be VP of finance.

Twyman will oversee international expansion of sales and marketing efforts for the Lexington, Mass.-based obesity and Type II diabetes treatment company’s flagship EndoBarrier device.

Filed Under: News Well Tagged With: Ascendx Spine, CardioMEMS Inc., CorMedix Inc., Dehaier Medical Systems Ltd., Essilor International, Gastrointestinal, GI Dynamics, Medicalis, MedQuist Holdings Inc., Personnel Moves

3M’s Q3 profits slide despite sales boost | Earnings Roundup

October 25, 2011 By MassDevice staff Leave a Comment

3M Co.

Shares of 3M Co. (NYSE:MMM) lost nearly 6 percent today after the conglomerate reported a 1.6 percent profit slide for the third quarter and slashed its sales and earnings guidance for 2011.

3M reported profits of $1.09 billion, or $1.52 per share, on sales of $7.53 billion. That’s a top-line increase of 9.6 percent compared with Q3 2010. Wall Street analysts expected $1.61 per share for the latest quarter.

Filed Under: MassDevice Earnings Roundup, News Well, Wall Street Beat Tagged With: 3m, Cynosure Inc., Encision Inc., EnteroMedics Inc., Essilor International, Q3, ResMed Inc., Teleflex, Young Innovations Inc.

AstraZeneca sells its med tech arm to Dentsply for $1.8 billion in cash | Deals Roundup

June 23, 2011 By MassDevice staff Leave a Comment

AstraZeneca
Dentsply

AstraZeneca plc (NYSE:AZN) announced that it signed a definitive agreement to sell its medical device arm, Astra Tech, to dental device maker Dentsply International Inc. (NSDQ:XRAY) for $1.8 billion in cash.

Filed Under: Business/Financial News, News Well Tagged With: AstraZeneca plc, Deals Roundup, Dentsply Sirona, EraGen Biosciences, Essilor International, Luminex Corp., Orchid Orthopedic, Shamir Optical Industry Ltd., Smith & Nephew, Tenet Medical

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