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 […]
GE Healthcare
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 […]
GE Healthcare touts new AI for COVID-19 patients’ breathing tubes
GE Healthcare (NYSE:GE) today unveiled a new artificial intelligence algorithm for assessing endotracheal tube (ETT) placements in COVID-19 patients. Included in GE Healthcare’s Critical Care Suite 2.0, the AI solution helps clinicians assess the ETT placements during the process of ventilating critically ill COVID-19 patients, according to a news release. Critical Care Suite 2.0 uses […]
GE Healthcare acquires Prismatic Sensors and its advanced photon-counting CT sensors
GE Healthcare (NYSE:GE) said today that it has acquired Prismatic Sensors, a Swedish startup with deep silicon detector technology for photon-counting computed tomography (PCCT). The financial terms of the deal were not disclosed. GE Healthcare expects to close the deal in January 2021; its held a minority position in the company since 2017. Photon-counting CT technology, […]
The 10 largest medical device companies in the world
Even as the world’s largest medical device companies grapple with COVID-19 and the resulting recession, they’re doing important work to help humanity manage the crisis. Read on to find out more about the 10 largest companies in the Big 100, MassDevice and Medical Design & Outsourcing’s annual analysis of the worlds’ 100 largest medical device companies. […]
Lantheus gains FDA clearance for bone scan AI
Lantheus Holdings (NSDQ:LNTH) announced today that it received FDA 510(k) clearance for its automated bone scan index (aBSI). The North Billerica, Mass.-based parent company of Lanthus Medical Imaging, Progenics Pharmaceuticals and Exini Diagnostics said in a news release that the clearance is for the artificial intelligence-enabled aBSI product for use on GE Healthcare’s Xeleris platform. In […]
GE stock up on better-than-expected Q3 results
Shares of General Electric (NYSE:GE) shot up today after the multinational industrial company reported adjusted Q3 profits that beat The Street, where analysts predicted a loss. Boston-based GE reported earnings of –$1.195 billion, or –13¢ per share, on sales of $19.417 billion for the three months ended Sept. 30, 2020. The company saw even wider losses […]
