Becton Dickinson (NYSE:BDX) yesterday announced a new point-of-care test that can detect antibodies in blood to confirm current or past exposure to COVID-19 in as little as 15 minutes. The new test, developed and manufactured by BioMedomics (Morrisville, N.C.), will be available through BD and distributed exclusively by Henry Schein (NSDQ:HSIC) to healthcare providers throughout the […]
How will coronavirus affect medtech companies that rely on elective surgeries?
One thing is likely to hurt some medtech companies more than others during the coronavirus pandemic: an elective surgical procedure slowdown. This thought had begun to emerge last week among industry watchers, but a pair of tweets over the weekend gained thousands of “likes” and retweets. The American College of Surgeons called for hospitals to […]
Medical device company stocks aren’t immune from coronavirus
Major U.S. medical device company stocks have generally performed as poorly as others over the past two weeks as the global coronavirus outbreak drive markets down. Among 20 of the largest U.S. companies on Medical Design & Outsourcing and MassDevice‘s annual Big 100 list, both the average and median decline in price was roughly 17% […]
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 […]
Boston Scientific wins a round in patent spat with Micro-Tech
A federal judge in Delaware ruled yesterday that Boston Scientific may proceed in its patent dispute with Micro-Tech over hemostatic endoscopy clips. Boston Scientific filed the lawsuit against Micro-Tech USA and its Chinese manufacturer, Micro-Tech Nanjing, alleging that they infringed three of its patents for endoscopic hemostatic clips. Henry Schein (Melville, N.Y.) is named as […]
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 […]
Schein escapes FTC buying group probe
Henry Schein (NSDQ:HSIC) said yesterday that the U.S. Federal Trade Commission dismissed claims that it conspired with competitors to avoid giving discounts to buying groups representing dental practitioners. In February 2018, the FTC filed a complaint against Schein, Patterson (NSDQ:PDCO) and Benco alleging violations of U.S. antitrust law by conspiring to refuse to provide such discounts or to […]
The 20 largest medical device companies in the world
Consolidations continue to transform the roster of largest medical device companies in the world — as evidenced by the latest Big 100 list at our sister site Medical Design & Outsourcing. Overall, Big 100 companies saw $397.5 billion in sales during their most recent fiscal years, up 3.5% from the previous year. As companies continue to […]
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 shares rise on mixed-bag Q1 earnings, raised EPS outlook
Shares in Henry Schein (NSDQ:HSIC) are rising today after the medical device maker posted first quarter 2019 earnings that topped earnings per share expectations but missed sales consensus on Wall Street. The Melville, N.Y.-based company posted profits of $114.6 million, or 73¢ per share, on sales of $2.36 billion for the three months ended March 31, […]
Henry Schein closes North American Rescue acquisition
Henry Schein (NSDQ:HSIC) said today that it closed its acquisition of survivability and casualty-care medical product maker North American Rescue. The Melville, N.Y.-based company said that NAR reported sales of approximately $184 million for the 12 months ended October 31, 2018. The company said that it expects the acquisition to be neutral to its 2019 earnings […]
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