Globus Medical (NYSE:GMED) this week posted fourth-quarter results that beat the earnings consensus on Wall Street but missed revenue estimates. The Audubon, Pennsylvania-based company reported profits of $50 million, or 49¢ per share, on sales of $274.5 million for the three months ended Dec. 31, 2022, for a bottom-line gain of 231.4% on sales growth […]
Globus Medical
Could 2023 be a boom year for orthopedic devices?
The orthopedic devices market is expected to reach nearly $50 billion this year as procedures bounce back from COVID-19, according to GlobalData. GlobalData predicts the orthopedic surgical robotics space will be even hotter this year, growing 25.6% year-over-year to $984 million. “Boosted by artificial intelligence (AI) and machine learning, new generations of orthopedic robots are […]
Globus Medical, NuVasive to merge to form global musculoskeletal company
Globus Medical (NYSE:GMED) and NuVasive (Nasdaq:NUVA) today announced an agreement to combine in an all-stock transaction. The deal values NuVasive at $3.1 billion, with Globus shareholders owning roughly three-fourths of the newly merged company. BTIG analysts raised the question of potential anti-trust challenges for the deal, which would create the second-largest spine tech company behind […]
Globus Medical posts mixed-bag Q3 results
Globus Medical (NYSE:GMED) this week posted third-quarter results that were in line with the revenue consensus on Wall Street but missed earnings estimates. The Audubon, Pennsylvania-based musculoskeletal device company reported profits of $47.4 million, or 47¢ per share, on sales of $254.14 million for the three months ended Sept. 30, for a bottom-line gain of […]
8 more surgical robotics companies you need to know
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. […]
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 […]
