Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]
GE Healthcare
GE Healthcare 2D/3D imaging system wins FDA nod
GE Healthcare has announced FDA 510(k) clearance for a new surgical imaging system capable of 3D and 2D imaging. OEC 3D offers interoperative 3D imaging with precise volumetric images for spine and orthopedic procedures, according to GE Healthcare. It combines the benefits and familiarity of 2D imaging with OEC C-arms, delivering a familiar user experience with […]
J&J leader McEvoy lays out future for medtech giant; Stryker’s Murray talks 3Dprinting
In this week’s DeviceTalks Weekly podcast — the 50th of the series— J&J’s medical device chief Ashley McEvoy makes her debut. McEvoy, EVP and chair of Medical Devices at Johnson & Johnson, delivered insights on several areas of interest including: COVID-19’s impact on J&J in the past, and what changes may remain in the future; […]
GE Healthcare launches handheld ultrasound
GE Healthcare (NYSE:GE) announced that it launched the Vscan Air wireless, pocket-sized ultrasound device. Cleared by FDA in November, Vscan Air is designed to offer clear image quality, whole-body scanning capabilities and an intuitive software platform delivered in a small handheld device, according to a news release. The company debuted the first Vscan color pocket-sized ultrasound […]
GE Healthcare sells molecular breast imaging assets to SmartBreast
SmartBreast today announced that it has acquired GE Healthcare (NYSE:GE)’s molecular breast imaging assets for an undisclosed amount. The Pittsburgh-based company acquired the Discovery NM750b and other MBI scanner designs, manufacturing tools, instructions and related patents and installed-base service business as part of the deal. SmartBreast will begin to market and distribute the Discovery NM750b and […]
GE ticks up on mixed-bag Q4
General Electric (NYSE:GE) shares ticked up today on fourth-quarter results that were mixed compared the consensus forecast. The Boston-based company posted profits of $2.6 billion, or 27¢ per share, on sales of $21.9 billion for the three months ended Dec. 31, 2020, more than tripling its bottom line despite a sales decline of -16.4%. Adjusted to […]
MedTech 100 roundup: Another peak for the industry
Medtech stocks have been on the rise in 2021, and the past week saw the trend continue with yet another all-time best mark. MassDevice‘s MedTech 100 index reached 107.4 points on Jan. 20, topping the all-time best of 106.81 points set on Jan. 8. That mark represents a 16% jump from the pre-pandemic high of 92.32 […]
GE Healthcare reportedly lays off 140 in Wisconsin
GE Healthcare (NYSE:GE) has reportedly laid off 140 employees at its Madison, Wis. facility due to decreased demand for certain products. The Wisconsin State Journal reported that union representatives confirmed that layoffs came after the need for new ventilators and anesthesia machines has decreased. Demand for such devices had been high over the past year as […]
GE Healthcare helps set up a ‘Virtual ICU’ across Oregon
As the COVID-19 pandemic ravages rural areas in the U.S., GE Healthcare (NYSE:GE) is touting “Virtual ICU” technology as a way to allow people with severe cases to stay near their homes. The medtech giant today announced a multi-year agreement with Oregon Health & Science University (OHSU) to help intensivists virtually connect with ICU patients across […]
Cyber vulnerability discovered in GE Healthcare radiological devices
CyberMDX announced that it uncovered a cyber vulnerability across a range of popular devices made by GE Healthcare (NYSE:GE). The U.S. Dept. of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) disclosed the vulnerability yesterday after CyberMDX discovered that it could affect dozens of radiological devices by allowing an attacker to gain access to sensitive data, […]
Medtronic CEO Martha says pandemic emphasized need for reorg
The pandemic has shone a bright light on inefficiencies across medtech, including at its biggest company. In an exclusive interview on the DeviceTalks Weekly Podcast, Medtronic (NYSE:MDT) CEO Geoff Martha said the executive team began telling investors at the JP Morgan Healthcare conference in January that a reorganization would be coming. Martha was scheduled to […]
