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Wright Medical creates digital arm, promotes Asper to chief digital officer | Personnel Moves – May 7, 2019

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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

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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

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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

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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

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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

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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

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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 […]

Avanos shares down on Q3 sales miss, shrinking profits

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Shares in Avanos Medical (NYSE: AVNS), which rebranded from Halyard Health in June, have fallen over 10% today after the company posted third quarter earnings that showed profits shrinking nearly 75% and sales numbers that didn’t meet expectations on Wall Street. The Alpharetta, Ga.-based company posted profits of $4.2 million, or 9¢ per share, on sales of $165.1 […]

Avanos, formerly Halyard Health, sees shares rise on Street-beating Q2

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Avanos Medical (NYSE: AVNS), which rebranded from Halyard Health in June, has seen shares rise today after the medical device maker handily beat expectations on Wall Street with its second quarter results. The Alpharetta, Ga.-based company posted profits of $35.3 million, or 73¢ per share, on sales of $160.9 million for the three months ended […]

Halyard Health inks $65m deal to acquire CoolSystems

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Halyard Health (NYSE:HYH) said today it inked a $65 million deal to acquire cold and compression therapy company CoolSystems, which markets under the name Game Ready. CoolSystems produces devices designed for pain management and rehabilitation of patients recovering from orthopedic surgery or sports-related injuries, including its GRPro 2.1 cold and compression therapy system, Med4 Elite multi-modality […]

Halyard Health to rebrand as Avanos Medical

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Halyard Health (NYSE:HYH) said today that it’s planning to re-brand – and re-list its stock – under the Avanos Medical name. Alpharetta, Ga.-based Halyard, formed by the November 2014 spinout of Kimberly-Clark (NYSE:KMB) unit K-C Health Care, said it derived its new moniker from the words “advanced” and “innovation” to emphasize its “focus on innovating with speed […]

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