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Globus Medical

Analyst downgrades pressure medtech stocks

January 3, 2019 By Brad Perriello

Several medical device companies took hits yesterday after analysts on Wall Street downgraded their stocks, on a day when the major market indices each closed up a hair, and even medtech firms that enjoyed upgrades came under pressure. Globus Medical (NYSE:GMED) suffered the most after Morgan Stanley analyst David Lewis cut his rating on the stock from […]

Filed Under: Featured, Wall Street Beat Tagged With: Abbott, Apollo Endosurgery, Bausch + Lomb, Baxter, Bayer, Globus Medical, Henry Schein Inc., Hologic, Insulet, Medtronic, Smith & Nephew, Stryker, Tactile Systems Technology, Zimmer Biomet

Globus Medical launches ExcelsiusGPS in EU

December 7, 2018 By Fink Densford

Globus Medical (NYSE:GMED) said yesterday that it launched its ExcelsiusGPS robotic guidance and navigation system in the global market, having completed installations of the system in several European countries. The ExcelsiusGPS system won CE Mark clearance in the EU in early 2017 with indications for use in both minimally invasive and open procedures for orthopedics and […]

Filed Under: Business/Financial News, Robotics Tagged With: Globus Medical

FDA warns Globus subsidiary HBT over ViaCell production facility issues

December 6, 2018 By Fink Densford

The FDA this week released a warning letter it sent to a Globus Medical (NYSE:GMED) subsidiary Human Biologics of Texas, which produces the company’s ViaCell allograft product, over issues it found during an inspection of the facility in April. The federal watchdog noted multiple infractions during the initial inspection, and also provided a response to corrective […]

Filed Under: Food & Drug Administration (FDA), Regenerative Medicine, Regulatory/Compliance Tagged With: Globus Medical

Globus Medical Q3 beats The Street

November 8, 2018 By Fink Densford

Globus Medical (NYSE:GMED) today posted third quarter earnings that handily topped expectations from analysts on Wall Street. The Audubon, Pa.-based company posted profits of $35.2 million, or 35¢ per share, on sales of $169.2 million for the three months ended September 30, for bottom-line growth of 37.6% on sales growth of 11.5% compared with the same […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Globus Medical

NASS 2018: Robotic platforms take center stage

September 27, 2018 By Fink Densford

Here’s a roundup from the North American Spine Society’s annual meeting in Los Angeles Medtech companies in the spinal market are rushing to join the robotic revolution, with Medtronic (NYSE:MDT) and Globus Medical (NYSE:GMED) leading the pack, according to a Leerink Partner analyst’s note from the North American Spine Society’s 2018 annual meeting. In a letter to […]

Filed Under: Business/Financial News, Robotics, Spine Tagged With: Brainlab, Globus Medical, Johnson and Johnson, mazorrobotics, Medtronic, Nuvasive, Zimmer Biomet

Globus Medical picks up Surgimap for ExcelsiusGPS robot-assisted surgery device

September 14, 2018 By Brad Perriello

Globus Medical (NYSE:GMED) said yesterday that it acquired Nemaris and its Surgimap planning software for an undisclosed amount. Globus said it plans to integrate New York City-based the Nemaris tech into its ExcelsiusGPS robot-assisted surgery platform. “The acquisition of Surgimap bolsters Globus Medical’s efforts to advance the future of computer-assisted surgery with the goal of improving […]

Filed Under: Featured, Mergers & Acquisitions Tagged With: Globus Medical, Nemaris

Globus Medical whales on Wall Street’s Q2 expectations

August 1, 2018 By Brad Perriello

Globus Medical (NYSE:GMED) today whaled on the consensus expecation with its second-quarter results and raised its outlook for the rest of the year. Audubon, Pa.-based Globus posted profits of $45.0 million, or 44¢ per share, on sales of $173.4 million for the three months ended June 30, for a bottom-line gain of 56.9% on sales growth […]

Filed Under: MassDevice Earnings Roundup, Orthopedics, Wall Street Beat Tagged With: Globus Medical, Personnel Moves

Globus Medical launches trauma devices

July 3, 2018 By Fink Densford

Globus Medical (NYSE:GMED) said today it launched the Anthem ankle fracture system and Anthem proximal humerus fracture system. The Audobon, Penn.-based company touted the release as its trauma division’s fourth and fifth product line over the past 10 months. The recently launched Anthem ankle fracture system includes seven plating options and is designed to minimize soft tissue […]

Filed Under: Business/Financial News, Orthopedics Tagged With: Globus Medical

Analyst’s rating changes push Cardiovascular Systems up, NuVasive and Globus down

June 27, 2018 By Brad Perriello

Ratings changes by an analyst with Bank of America-Merrill Lynch elevated one medical device company’s stock today in pre-marker trading but pushed two others down. Appearing this morning on Bloomberg television, BAML’s Bob Hopkins said Wall Street isn’t foucsed enough on the July 31 investor day at Cardiovascular Systems (NSDQ:CSII), according to Seeking Alpha. The St. Paul, […]

Filed Under: Cardiovascular, Orthopedics, Wall Street Beat Tagged With: Cardiovascular Systems Inc., Globus Medical, Nuvasive

7 medtech stories we missed this week: June 15, 2018

June 15, 2018 By Danielle Kirsh

From Cytosorbents opening a new U.S. manufacturing facility to DyAnsys received FDA clearance for a wearable to treat opioid withdrawals, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. Cytosorbents opens new U.S. manufacturing facility CytoSorbents announced in a June 12 press release that it has opened a new […]

Filed Under: 510(k), Contract Manufacturing, Diagnostics, Digital Health, Food & Drug Administration (FDA), Hospital Care, Implants, Neuromodulation/Neurostimulation, Orthopedics, Regulatory/Compliance, Spine, Surgical Tagged With: Centinel Spine LLC, CytoSorbents Corp., dyansys, Globus Medical, MedTech, Optovue, Prescient Surgical, summitmedical

OptiScan taps ex-Hansen Medical chief Vance for CEO | Personnel Moves, May 23, 2018

May 23, 2018 By Brad Perriello

OptiScan taps ex-Hansen Medical chief Vance for CEO OptiScan Biomedical tapped former Myoscience and Hansen Medical chief Cary Vance to be its new CEO, replacing interim head William Mince. “I am excited to join OptiScan at this pivotal point in the company’s growth. I believe that the cutting-edge OptiScanner diagnostic system provides a unique platform […]

Filed Under: Wall Street Beat Tagged With: Clinical Innovations, Dune Medical Devices Inc., Globus Medical, OMNIlife Science Inc., OptiScan, Personnel Moves, SetPoint Medical, Strata Skin Sciences, TrueVision Systems

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