Avanos Medical (NYSE:AVNS) shares sunk today on third-quarter results that came up short of Wall Street’s projections. The Alpharetta, Ga.–based company posted losses of -$11.5 million, or -24¢ per share, on sales of $171.4 million for the three months ended Sept. 30, sliding on last year’s $4.2 million Q3 profit on sales growth of 3.8%. Adjusted […]
FDA lures Vyaire exec Desai for CTO | Personnel Moves, August 23, 2019
The FDA lured former Vyaire Medical executive Vid Desai to take over as permanent CTO, according to Politico. Desai replaces acting CTO Mohammed Sohail Chaudhry, who’s held the role on an interim basis since 2015. Ebb Therapeutics puts Röösli in the corner office Insomnia device maker Ebb Therapeutics said yesterday that it put Eduard Röösli […]
Avanos Medical beats the Street in Q2 results
Avanos Medical (NYSE:AVNS) posted second-quarter results yesterday that beat the consensus on Wall Street and increased its sales growth outlook for the rest of 2019. The Alpharetta, Ga.-based company reported a net loss of -$8 million, or -17¢ per share, on sales of $172.2 million for the three months ended June 30, 2019. At this time […]
Avanos launches third restructuring phase
Avanos Medical (NYSE:AVNS) yesterday embarked on the third and final phase of the restructuring it began at the end of 2017 that’s expected to deliver annual savings of as much as $24 million. A year ago the Alpharetta, Ga.-based company, which spun out of Kimberly-Clark (NYSE:KMB) as Halyard Health in October 2014, rebranded as Avanos a […]
Wright Medical creates digital arm, promotes Asper to chief digital officer | Personnel Moves – May 7, 2019
Wright Medical (NSDQ:WMGI) said today that it is creating a new digital division and that it is promoting strategy, tech & corporate dev senior VP Jason Asper to chief digital officer. The new CDO title comes alongside Asper’s existing responsibilities, Amsterdam-based Wright Medical said. The new digital division will focus on the company’s digital surgery strategy […]
Avanos tops Q1 estimates, puts $7m into NeoMed
Avanos Medical (NYSE:AVNS) beat the consensus forecast with its first-quarter numbers yesterday, sending share prices up on Wall Street. Alpharetta, Ga.-based Avanos posted losses of -$20.3 million, or -43¢ per share, on sales growth of 5.0% to $164.2 million for the three months ended March 31, compared with profits of $20.2 million during Q1 2018. Adjusted […]
DaVita taps Javier Rodriguez as CEO | Personnel Moves – April 29, 2019
DaVita Healthcare (NYSE:DVA) said today that its board of directors unanimously elected Javier Rodriguez to succeed Kent Thiry as its new CEO, effective June 1. The Denver-based company said that former CEO Thiry will transition to serve as executive chairman of the board, and that the announcement comes as part of a multi-year succession planning process. […]
Avanos Medical wins FDA nod for ON-Q Bolus pump
Avanos Medical (NYSE: AVNS), which rebranded from Halyard Health last June, said today that it won FDA 510(k) clearance for its ON-Q* with Bolus pump drug infusion device. The Alpharetta, Ga.-based company said that the new ON-Q* with Bolus system features improvements to improve ease of use and reduce postoperative opioid use for pain management. Read the whole story […]
Prioritizing Innovation – How major players in medtech stay ahead of the curve
In the medtech industry, if you don’t innovate, you can’t compete. While innovation and breakthrough technologies may be the core currency at startups, larger medical device firms have more to balance alongside research and development, making strategies for maintaining innovation essential to staying ahead of the curve. Last month at Device Talks West, Medtronic (NYSE:MDT) neurovascular R&D […]
FDA names Flatiron Health’s Abernethy as deputy commish | Personnel Moves, December 19, 2018
The FDA this week named Amy Abernethy, the chief medical officer for Roche subsidiary Flatiron Health, as principal deputy commissioner to replace Rachel Sherman, who is retiring in January. “She’s a highly regarded thought leader who has held numerous positions of leadership in her fields of interest and distinguished herself for her intellect, her passion […]
FDA chooses 8 medtech companies for opioid crisis challenge
The FDA has selected eight medtech companies to develop devices to help reduce the country’s opioid abuse crisis. More than 250 companies submitted entries to the FDA Innovation Challenge: Devices to Prevent and Treat Opioid Use Disorder, announced in May. Those selected include Masimo Corp. and deep-brain-stimulation company Brainsway Ltd. The companies will be expected to […]
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