You know the big hitters in surgical robotics. Here are some of the companies you may not know about, but you should keep an eye on them. Last month, MassDevice compiled a list of 16 surgical robotics companies you need to know. That list included the usual suspects, like Intuitive, Medtronic, Johnson & Johnson and more. […]
Globus Medical
The 10 largest orthopedic device companies in the world
Stryker, Johnson & Johnson’s DePuy Synthes and Zimmer Biomet are the largest orthopedic device companies. With elective procedure numbers rebounding after the darkest days of the COVID-19 pandemic, sales at most of the world’s largest orthopedic device companies increased by double-digit percentages during their most recent fiscal years. Here are the world’s 10 largest orthopedic […]
Globus Medical rebounds in Q2, sticks by guidance
Globus Medical (NYSE:GMED) reported second-quarter results that beat the overall consensus on Wall Street. The Audubon, Pennsylvania-based musculoskeletal device company reported profits of $54.6 million, or 53¢ per share, on sales of $263.6 million for the three months ended June 30, for a bottom-line gain of 31.4% on sales growth of 5.03% compared with Q2 […]
The biggest medtech personnel moves so far in 2022
In the ever-changing world of medtech, those who are leading the companies are bound to move around a bit. At the end of last year, we compiled a list of medtech’s biggest personnel changes in 2021. So far in 2022, we’ve already seen a slew of major moves involving some of the space’s most powerful […]
Globus Medical announces first surgeries with Excelsius3D
Globus Medical (NYSE:GMED) announced today that the first surgeries were performed with its Excelsius3D imaging platform. Audobon, Pennsylvania-based Globus Medical designed its intelligent, intraoperative 3-in-1 imaging platform as a mobile X-ray system for 2D fluoroscopy, 2D digital radiography and 3D imaging of adult and pediatric patients. Its indication covers where a physician benefits from 2D […]
Globus Medical misses with Q1 results
Globus Medical (NYSE:GMED) posted first-quarter results today that missed the consensus forecast on Wall Street and reaffirmed its outlook for the rest of the year. The Audubon, Pennsylvania–based musculoskeletal solutions developer today reported profits of $38.1 million, or $0.37 per diluted share, on sales of $230.5 million for the three months ended March 31, 2022, […]
Globus Medical stock down after surprise CEO transition
Globus Medical (NYSE: GMED) stock is down more than 11% today, a day after the musculoskeletal repair tech company announced the surprise resignation of its CEO. Dave Demski said in a news release that he was stepping down as CEO to pursue other opportunities, with the board promoting Chief Commercial Officer Daniel Scavilla into the […]
Globus Medical rises on Street-beating Q4
Globus Medical (NYSE:GMED) shares ticked up this morning on fourth-quarter results that topped the consensus forecast. The Audubon, Pennsylvania–based musculoskeletal solutions developer posted profits of $15.1 million, or 14¢ per share, on sales of $250 million for the three months ended Dec. 31, 2021, for a 71.5% bottom-line slide despite sales growth of 7.1%. Adjusted […]
Globus Medical accuses Medtronic and former sales employees of stealing business
Globus Medical (NYSE:GMED) has accused four former sales employees of wrongfully joining Medtronic (NYSE:MDT) and taking business with them, saying in a lawsuit that Medtronic knew what was happening. Audubon, Pennsylvania-based Globus filed the lawsuit on Jan. 28 in Pennsylvania’s Eastern U.S. District Court against Medtronic, three former Globus spine territory managers and one former […]
Globus Medical could be eying NuVasive
Globus Medical (NYSE: GMED) has made an offer to acquire fellow spine surgery tech company NuVasive (Nasdaq:NUVA), according to Bloomberg and Reuters. Both media outlets cited people familiar with the matter during their reports yesterday. A NuVasive spokesperson had no comment when reached today by MassDevice. If it takes place, the deal would create one of […]
Globus Medical launches Anthem Mini Fragment fracture system
Globus Medical this week announced that it has launched its Anthem Mini Fragment fracture system at the annual Orthopedic Trauma Association meeting in Fort Worth, Texas. Audubon, Pennsylvania–based Globus Medical designed the Anthem system for fracture fixation of small bones and non-load-bearing stabilization of long bones in the upper and lower extremities. The implants are […]
