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 […]
Dynatronics taps ex-NinePoint CEO von Jako as chief exec | Personnel Moves – July 11, 2018
Dynatronics said late last month it tapped former NinePoint Medical CEO Christopher von Jako as its new chief executive officer and board member, succeeding Kelvyn Cullimore Jr. who will stay on the company’s board of directors. Prior to joining Dynatronics, von Jako acted as prez & CEO of NinePoint Medical. Before joining Nine Point, von Jako also […]
Integer closes $600m sale of advanced surgical, ortho lines to MedPlast
Integer (NYSE:ITGR) completed the spinoff of its advanced surgical and orthopedics products lines to MedPlast for $600 million in cash. Announced in May, the deal will double MedPlast’s top line and bolster the balance sheet for Integer, which missed expectations with its first-quarter earnings. Integer said it will apply the proceeds to reduce debt by […]
How’d they do that? 7 innovations from medical device contract manufacturers
Charles Darwin wrote, “In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed.” Medical device manufacturers get the credit for many innovations, but many need the ingenuity and commitment of contract manufacturers who design and produce the components that make those big splashes possible. […]
BD lifts Bard vet DeFord to CTO | Personnel Moves – June 4, 2018
Becton Dickinson (NYSE:BDX) said last Friday it is lifting former C.R. Bard science, technology and clinical affairs senior VP John DeFord to the role of chief technology officer and exec VP. Since acquiring Bard in a $24 billion deal that closed last December, DeFord has served as BD interventional segment R&D SVP, the Franklin Lakes, N.J.-based company […]
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