General Electric (NYSE:GE) reportedly filed confidentially for an initial public offering as it readies a spinout of its GE Healthcare business. The Boston-based industrial giant tapped Goldman Sachs, Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley for help with the flotation, according to Bloomberg, which cited sources “who asked not to be identified as the […]
FDA: GE R860 ventilator safety guard recall is Class I
The FDA today labeled a select recall of GE Healthcare‘s (NYSE:GE) CareScape R860 inspiratory safety guards, designed for use with a ventilator, as Class I. Class I designations, the FDA’s most severe classification, are used when there is a reasonable probability that product use could cause serious adverse health consequences or death. The R860 inspiratory safety […]
GE Healthcare closes out field inspection of Millennium radiation therapy systems
GE Healthcare (NYSE:GE) said last week that it closed out a full field inspection of all of its Millenium MG, MC and Myosight nuclear medicine systems after an incident in which the system malfunctioned. The company said that in September, it received notice that the top detector on on of its Millenium MG nuclear medicine systems detached […]
GE Healthcare’s Q3 profits tick up despite flat sales
Profits for the healthcare business at GE rose despite flat sales growth for the third quarter, as the parent company posted a swing to red ink on a -$22 billion charge. The Boston-based industrial conglomerate reported healthcare profits of $861 million on sales of $4.71 billion for the three months ended Sept. 30, for bottom-line […]
The 10 largest medical device companies in the world
Medtronic and Johnson & Johnson remain the world’s largest medical device companies. But after that, the roster is radically shifting amid a slew of mergers and acquisitions. In some cases such as GE, Philips and Siemens, major multinationals are breaking apart. We’ve sifted through data from public companies’ annual reports and other publicly disclosed information, […]
The 10 largest medtech employers of 2018 – and what their employees really think
Among the 10 largest medtech employers, workers feel pride in working on life-saving products – but there’s also frustration with big corporate bureaucracy. That was the major takeaway as Medical Design & Outsourcing compiled some of the most insightful current and former employee reviews posted on Glassdoor. The 10 companies we’re counting down were the largest […]
GE Healthcare, Lantheus launch 2nd Phase 3 trial of PET imaging agent
GE Healthcare (NYSE: GE) and Lantheus Holdings, Inc. (NASDAQ: LNTH), parent company of Lantheus Medical Imaging, Inc. have started a second Phase 3 clinical trial of flurpiridaz 18F, an investigational agent being evaluated for the detection of coronary artery disease. Flurpiridaz18F is designed as a positron emission tomography (PET) myocardial perfusion imaging (MPI) agent. The companies […]
GE Healthcare’s Q2 profits jump 12%
Second-quarter profits for the healthcare business at General Electric (NYSE:GE) rose more than 12% as its parent corporation eked out earnings and sales beats for the three months ended June 30. GE Healthcare’s profits rose 12.1% to $926 million on sales growth of 6.2% to $4.98 billion compared with Q2 2017 as it prepares to be spun […]
Medtronic, GE Healthcare, Change Healthcare to share $33m in Israeli grants
Medtronic (NYSE:MDT), GE Healthcare (NYSE:GE) and Change Healthcare have received approximately $33.1 million (NIS 120 million) from the Israeli government to support expanding the companies R&D centers in the country, according to a CTech report. The grants are part of a six year, $264 million (NIS 922 million) program headed by the Israeli Ministry of Economy and […]
Here are the top 5 medtech stories of mid-2018
A growing U.S. trade war with China and other countries casts a pall on medtech — and U.S. business in general — in mid-2018. The landscape of the medical device industry continues to evolve, though. There’s a major corporate spinout in the works, as well as a mega-merger that apparently was not to be. Read […]
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, […]
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