The North American Free Trade Agreement may not be facing the gallows after the Trump administration this week said it does not plan to terminate it – but changes to the deal could have a huge impact on the medical device industry, according to a New York Times report. This week, Trump spoke with Mexican […]
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Integer Holdings schedules Q1 earnings release for May 8
Integer Holdings (NYSE:ITGR) said last week it will release its 1st quarter earnings on May 8th, scheduled to be released after the market closes. The release will be followed by a conference call with the management of the company, according to a press release. In late March, Integer, which rebranded from Greatbatch last June, said that Thomas Hook […]
Medtech stocks: the best and worst of Q1 2017
More than four-fifths of the 100 largest medical device companies in the world saw their stock prices increase during the first three months of 2017, according to a Medical Design & Outsourcing analysis of how the stocks of our Big 100 companies are faring. The situation suggests that even with the uncertainty around what the […]
Report: Looming NAFTA reforms, new border taxes threaten Mexican & US med device biz
The Trump administration’s threats to alter trade deals and add taxes to imports could affect a booming medical device business in Mexico, which imports a significant amount of products to the US, according to a New York Times report. The US imports approximately 30% of its medical devices and supplies and new taxes on imports […]
Hook to step down as Integer CEO | Personnel Moves | March 31 , 2017
Integer Holdings (NYSE:ITGR) said this week that current CEO Thomas Hook has stepped down as the company’s president and CEO, effective immediately, with Joseph Dziedzic taking over as interim prez & CEO. Hook will stay on the Frisco, Texas-based company’s board until the company’s 2017 annual meeting of stockholders, but will not seek re-election. Dziedzic is currently a […]
Integer Holdings shares dip on Q4
Shares in Integer Holdings (NYSE:ITGR) have drooped today after the medical device maker released 4th quarter and full year 2016 earnings that beat earnings per share expectations, but missed on revenue. The Frisco, Texas-based company posted profits of $7.9 million, or 25¢ per share, on sales of $359.6 million for the 3 months ended December 30, for […]
Appeals court upholds Greabatch win over AVX
The US Court of Appeals for the Federal Circuit this week affirmed a Patent Trial and Appeal Board ruling granting $37.5 million in damages to Greatbatch, now known as Integer Holdings (NYSE:INTGR), in a patent infringement case against AVX. A 3-judge panel affirmed the decision in a 1-sentence per curium order, according to court documents. Greatbatch won […]
Integer Holdings Q3 EPS beats the street
Shares in Integer Holdings (NYSE:INTGR) fell slightly today after the medical device maker topped earnings per share expectations and missed slightly on revenue for its 3rd quarter. The Frisco, Texas-based company posted profits of $11.5 million, or 37¢ per share, on sales of $346.6 million for the 3 months ended September 30. The company saw a […]
LimFlow taps Rose for CEO | Personnel Moves
LimFlow taps ex-Direct Flow GM Rose as CEO LimFlow said this week that it tapped former Direct Flow Medical VP and GM Daniel Rose as its new chief executive, with former co-founder & CEO Timothy Lenihan transitioning to chief technology officer. LimFlow is developing a device to create percutaneous venous arterialization in the foot to treat end-stage critical limb […]
Alphatec shuffles the deck | Personnel Moves, Sept. 19, 2016
Alphatec shuffles the deck Alphatec (NSDQ:ATEC) said it returned chairman Leslie Cross to the corner office as interim CEO, effective Sept. 16, and made a few other changes in the executive suite. Cross, who was Alphatec’s CEO from 2012 to 2014, succeeded the resigning James Corbett, Carlsbad, Calif.-based Alphatec said. The company also promoted COO Michael […]
Getinge ousts CEO Myers after 18 months, shares slide | Personnel Moves August 22, 2016
Getinge ousts CEO Myers after 18 months, shares slide After less than 18 months in the corner office, Getinge (PINK:GETI B) has removed CEO Alex Myers from his position, sending shares down as much as 6% in trading. The shift was due to “different views” on the direction of the company, and changes are going into […]