Medtech stocks took a dip as April came to a close, but opened May with a strong week as the COVID-19 pandemic continues to affect the economy. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 83.98 points at the end of last week (May 8). That […]
Henry Schein medical sales lead to Street-beating Q1
Henry Schein (NSDQ:HSIC) shares got a boost today on first-quarter results that topped the consensus forecast as medical sales boomed. The Melville, N.Y.-based company posted profits of $130.3 million, or 91¢ per share, on sales of $2.4 billion for the three months ended March 28, 2020, for an 18.7% bottom-line gain on sales growth of 2.9%. […]
How medtech companies are responding to the deadly coronavirus outbreak
Medical device companies all over have felt the impact of the coronavirus pandemic that originated in China. The latest figures from the World Health Organization (WHO) show that at least 600 people have died — almost all of them in China — with tens of thousands of confirmed coronavirus cases in dozens of countries. Demand […]
Henry Schein shares up after beating Street projections
Henry Schein (NSDQ:HSIC) shares are up today on third-quarter results that topped the consensus forecast. The Melville, N.Y.–based company posted profits of $148.9 million, or 91¢ per share, on sales of $2.51 billion for the three months ended Sept. 28, for a 15.7% bottom-line gain on sales growth of 6.5%. Adjusted to exclude one-time items, earnings […]
Henry Schein and Uber want to take telemedicine to the next level: Here’s how
Henry Schein (NSDQ:HSIC) has formed a partnership with Uber Health to enable doctors to have portable medical microcarts driven to people’s homes for remote examinations. Henry Schein’s Henry Schein Medical (Melville, N.Y.) is the exclusive seller, marketer and distributor of the Medpod MobileDoc 2, made by software company Medpod (New York). The new partnership integrates Uber Health […]
Henry Schein posts mixed bag Q3
Shares in Henry Schein (NSDQ:HSIC) have dipped slightly after the medical device maker beat earnings per share expectations but missed sales consensus on Wall Street with its third quarter earnings. The Melville, N.Y.-based company posted profits of $121.5 million, or 79¢ per share, on sales of $3.28 billion for the three months ended September 29, seeing […]
The 10 largest medical device companies in the world
Medtronic and Johnson & Johnson remain the world’s largest medical device companies. But after that, the roster is radically shifting amid a slew of mergers and acquisitions. In some cases such as GE, Philips and Siemens, major multinationals are breaking apart. We’ve sifted through data from public companies’ annual reports and other publicly disclosed information, […]
Medtronic taps Harvard cardiologist Mauri for clinical research VP | Personnel Moves – April 10, 2018
Medtronic (NYSE:MDT) said last week it tapped Harvard Medical School professor and cardiologist Dr. Laura Mauri as its new vice president of global clinical research and analytics. In the new position, Dr. Mauri will direct dynamic global clinical research strategies as well as the development of novel analytical and data science solutions as the Fridley, Minn.-baesd […]
7 medtech stories we missed this week: Feb. 24, 2017
Several companies made distribution deals this week, while others received approval for their products. Here are 7 medtech stories we missed this week but were still worth mentioning. 1. Israel OKs E-Qure’s BST device for chronic wounds E-Qure Corp. announced this week that it received marketing approval for its Bio-electrical Signal Therapy Device (BST Device) from […]
