NuVasive promotes Hannon to COO, Miles to vice chairman NuVasive Inc. (NSDQ:NUVA) said today that it promoted Jason Hannon to be its new president & CEOO, replacing Patrick MIles, who ws named vice chairman. The San Diego-based spinal implant maker said the changes were effective Sept. 11. Hannon, formerly NuVasive’s international EVP, a purview he’ll keep. […]
Getinge
Getinge, GE Healthcare launch ‘hybrid OR’ flexible angiography combo
Getinge (PINK:GETI B) said yesterday it launched a new combined angiography system designed for hybrid operating rooms as a collaborative project with GE Healthcare (NYSE:GE). The system combines Getinge’s Maquet brand Magnus OR table with GE’s Discovery IGS 730 angiography system to allow for an expanded range of surgical procedures and interventions. “Hybrid ORs have become the […]
Getinge ousts CEO Myers after 18 months, shares slide | Personnel Moves August 22, 2016
Getinge ousts CEO Myers after 18 months, shares slide After less than 18 months in the corner office, Getinge (PINK:GETI B) has removed CEO Alex Myers from his position, sending shares down as much as 6% in trading. The shift was due to “different views” on the direction of the company, and changes are going into […]
Getinge’s Q2 profits jump despite flat sales
Getinge (PINK:GETI B) yesterday reported a 2nd-quarter profit gain of more than 28% despite flat sales for the 3 months ended June 30. The Swedish medical device giant posted profits of 227 million krona ($26.6 million), or 0.93 krona per share (11¢), on sales of 7.46 billion krona ($873.6 million). That amounts to a 28.2% bottom-line gain […]
Abiomed sues Maquet over Impella patents
Threatened with a patent infringement lawsuit if it didn’t agree to a licensing deal with Maquet, Abiomed (NSDQ:ABMD) responded by asking a Massachusetts judge for a judgment of non-infringement last May. Maquet, a division of Getinge (PINK:GETI B), sent a letter to Danvers, Mass.-based Abiomed in December 2015, alleging infringement of a trio of patents by the […]
Getinge wins expanded FDA clearance for Sterizone VP4
Getinge (PINK:GETI B) said today it won expanded FDA clearance for its Sterizone VP4 sterilizer, now cleared to sterilize colonoscopes, gastroscopes and other multi-channel flexible endoscopes of up to 4 channels and 3.5 meters in length. The Swedish medical device firm touted the win, saying that regulatory authorities are becoming more scrutinous of medical device reprocessing, […]
NuVasive co-founder McKinley is Vascular Dynamics new COO | Personnel Moves June 9, 2016
NuVasive co-founder McKinley is Vascular Dynamics new COO Vascular Dynamics said it tapped NuVasive Inc. (NSDQ:NUVA) co-founder and former CEO James McKinley as its new chief operating officer. McKinley has held leadership positions at Advent Medical, Endosphere, Farallon Medical and Nellix, as well as NuVasive. “It is a tremendous opportunity to add Jim to our management team. […]
Fonar taps MR scan inventor and founder’s son as CEO | Personnel Moves
Fonar Corp (NSDQ:FONR) said yesterday it named Timothy Damadian, son of magnetic resonance scanning inventor and company founder Dr. Raymond Damadian, as its new president and CEO. The younger Damadian worked with Fonar for 16 years, eventually becoming veep of operations. He formed Fonar subsidiary Health Management Corporation of America, which manages medial and diagnostic […]
Maquet & Biotronik ink distribution deal for peripheral devices
Getinge‘s (PINK:GETI B) medical subsidiary Maquet Medical Systems USA said today it is partnering with Biotronik to distribute the German firms peripheral vascular devices in the U.S. Maquet will distribute “a range” of Biotronik products designed to treat peripheral artery disease, including its Astron iliac self-expanding stent, Passeo percutaneous transluminal angioplasty balloon products and the […]
Fourth-quarter, full-year earnings slide for Getinge
Fourth-quarter and full-year earnings slipped more than -3% for Getinge (PINK:GETI B), the Swedish medtech giant said today. Göteborg-based Getinge posted profits of $117.4 million (SEK 999 million), or 47¢ per share (SEK 4.02), on sales of $1.11 billion (SEK 9.42 billion) for the 3 months ended Dec. 31, 2015. That’s a -3.1% earnings slide on […]
Avedro CEO Muller is out | Personnel Moves
Avedro said CEO David Muller stepped down shortly after it closed a $32 million equity round last month, replaced on an interim basis by COO Brian Roberts, the former CFO at Insulet (NSDQ:PODD). Waltham-based Avedro said Muller left to “pursue other opportunities.” “On behalf of the board and all the Avedro employees, I want to thank […]