Former AcuFocus CEO Mazzo moves to head Ophthamology at Zeiss Carl Zeiss Meditec (ETR:AFX) said this week it tapped ex-AcuFocus CEO James Mazzo as the global president of its ophthalmology business as well as managing the entire company’s U.S. sales and service center. Mazzo comes from a 3-year run as president and CEO at AcuFocus, where […]
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Greatbatch rebrands as Integer Holdings
Greatbatch (NYSE:GB) said late last month it is rebranding to Integer Holdings Corporation, with the name change going into effect July 1. Read the full story at our sister site, Medical Design & Outsourcing.
Greatbatch Q1 meets the street on rev, misses EPS
Greatbatch (NYSE:GB) today released 1st quarter earnings mostly on target with the Street’s expectations while reiterating its full year revenue guidance. The Frisco, Texas based company reported losses of $12.7 million, or 41¢ per share, on sales of $332.2 million for the 3 months ended April 1. That amounts to a 258% turnaround from profits into […]
Layoffs for Baxter, Greatbatch’s Lake Region Medical in Colorado
Baxter (NYSE:BAX) and Greatbatch (NYSE:GB) subsidiary Lake Region Medical are laying off workers in Colorado, according to a Worker Adjustment and Retraining Notification Act notice. Baxter, which is planning to shutter a plant in Englewood, Colo., over the next year, will cut 106 jobs as a result, according to the April 5 WARN notice. Last October, Deerfield, Ill.-based Baxter said it planned to […]
Autonomic Technologies taps ex-Thoratec’s Pellegrini for CEO | Personnel Moves April 15, 2016
Asahi Kasei shuffles the deck at Zoll Medical | Personnel Moves
Japan’s Asahi Kasei Corp. (TYO:3407), which in 2012 paid $2.3 billion to acquire Zoll Medical, is shuffling the deck at the resuscitation device maker. Former CEO Rick Packer, who led Zoll for 13 years before overseeing the merger with Asahi Kasei, was promoted to primary executive officer and charged with building the healthcare business into “a 3rd […]
GreatBatch gains on updated post-spinout guidance
Greatbatch (NYSE:GB) today released updated guidance for its fiscal year 2016 after closing an acquisition and spin-out that raised its expectations for net profits. Greatbatch picked up Lake Region Medical for $1.7 billion in October last year, and announced the spin-out of Nuvectra last month, with an expected closure date of today. “With the completion of the […]
Greatbatch board OKs Nuvectra neurostim spinout
Greatbatch (NYSE:GB) said today that its board of directors approved the spinout of its QiG Group, which is slated to become Nuvectra Corp. once the deal closes, expected March 7. One Nuvectra share is due to be distributed to Greatbatch shareholders March 14, for every 3 GB shares, the Frisco, Texas-based company said. “This announcement marks an important […]
Greatbatch wins $37.5m patent infringement suit with AVX
Greatbatch (NYSE:GB) said yesterday it won $37.5 million in damages after a jury in the U.S. District Court for the District of Delaware ruled in its favor during a patent infringement case between Greatbatch and AVX. Greatbatch filed the patent infringement complaint in April 2013, alleging that AVX infringed on patents related to filtered feedthrough assemblies […]
PTAB reverses ruling on Greatbatch patent
The Patent Trial and Appeal Board said it instituted an inter partes review of a pacemaker patent from Greatbatch (NYSE:GB) on Wednesday, siding with challenger AVX corp that its initial decision overlooked a key argument. AVX was granted a request for a rehearing from the same 3-judge panel that denied it last August. The panel stated […]
Greatbatch wins FDA PMA for Algovita SCS
Greatbatch (NYSE:GB) said yesterday it won FDA premarket approval for its Algovita spinal cord stimulation system for treating chronic intractable pain. The Algovita system is a rechargeable, 24-electrode spinal cord stimulation system designed to deliver electrical pulses to the dorsal column of the spinal cord to treat intractable chronic pain of the trunk or limbs, the Frisco, […]