Medical device innovation doesn’t just come from startups or big corporate R&D departments. Contract manufacturers and suppliers are increasingly playing a role, too. [Image by Kristopher Roller on Unsplash] Long gone are the days when medical device industry suppliers simply produced or manufactured according to specifications. Companies are increasingly coming up with their own answers […]
Integer shares rise on Q1 EPS, sales beat
Shares in Integer Holdings Corp. rose today after the contract manufacturing giant posted first quarter 2019 earnings that topped both sales and earnings per share consensus on Wall Street. The Plano, Texas-based company posted profits of approximately $21.7 million, or 67¢ per share, on sales of approximately $314.7 million for the three months ended March […]
S&P boosts Integer Holdings’ outlook
Integer Holdings (NYSE:ITGR) said it has received a positive outlook and a reaffirmed B+ long-term issuer credit rating from Standard & Poor’s (S&P). The positive outlook, which was revised from stable, is based on Integer’s debt reduction and expected future targeted debt-to-adjusted EBITDA leverage ratio between 2.5X – 3.5X. S&P also cited Plano, Texas-based Integer’s customer […]
10 women in medtech manufacturing you should know
Women account for nearly one-third of employees in the manufacturing industry, where men have historically held the majority of jobs, according to the U.S. Census Bureau. The situation includes manufacturers and other outsourcers serving the medical device space. The lack of diversity is even more apparent farther up the corporate leadership ladder. According to a report […]
Integer wins $22m in damages from AVX pacer patent spat retrial
Integer Holdings (NYSE:ITGR), formerly known as Greatbatch, has been awarded approximately $22.2 million in damages in the retrial of a pacer tech patent spat with AVX, down from a previous award of $37.5 million, according to recently released court documents. Integer originally filed a patent infringement complaint in April 2013, alleging that AVX infringed on patents […]
10 of the best performing medical device stocks of 2018
Updated Jan. 8, 2019 Medical device company stocks are not looking as rosy as they did two months ago, but the medtech industry still appears to be resisting the overall downward trend in stock markets, according to a Medical Design & Outsourcinganalysis. More than half of the roughly 100 largest medical device companies in the world […]
Webinar: Here are the medical device outsourcing challenges you need to avoid
Constant cost pressures – coupled with increased expectations to reduce time to market – often require medtech manufacturers to outsource all or part of their device assembly. Medical device outsourcing allows a medtech company or startup to focus on its core competencies. But cost containment and speed to market aren’t everything: They represent just a […]
Integer gains on Q3 sales, earnings beats, raises outlook
Integer Holdings (NYSE:ITGR) share prices rose today after the contract manufacturer posted third-quarter results that handily beat the consensus forecast, powered by a whopping 733.3% bottom-line gain. Plano, Texas-based Integer reported profits of $114.1 million, or $3.54 per share, on sales of $305.1 million for the three months ended Sept. 28, for top-line growth of 6.6% […]
GE replaces CEO Flannery with ex-Danaher chief Culp | Personnel Moves – October 1, 2018
General Electric (NYSE:GE) said today it named former Danaher (NYSE:DHR) prez and CEO H. Lawrence Culp Jr. as its chair and CEO, replacing John Flannery, effective immediately. The Boston-based company said that alongside the switch in the corner office, it does not expect it will meet its guidance for free cash flow and earnings per share for […]
Integer misses Wall Street mark in Q2
Integer Holdings (NYSE:ITGR) earnings for the second quarter fell below Wall Street estimates. The Frisco, Texas-based medical device contract manufacturer posted profits of $23 million or 70¢ per share, on sales of $314 million for the three months ended June 29. Earnings per share were 18¢ behind the average estimate on Wall Street, where analysts were looking […]
Integer adds radial introducer for patients with smaller arteries
Integer’s new radial access introducer kit for interventional cardiology and peripheral vascular procedures has won FDA clearance and the CE Mark. RadialSeal was engineered for optimal device compatibility and ease of insertion, the company said in a statement. Its thin-walled sheath design minimizes outer diameter while maximizing inner diameter, according to Payman Khales, president of Integer’s cardiovascular division. The […]
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