Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) are interested in acquiring Shockwave Medical (Nasdaq:SWAV), according to a StreetInsider.com report citing an unnamed source. The financial news website did not say how the source knows the information or why they are not being identified by name. “We don’t comment on rumors or speculation,” Medtronic spokesperson Erika […]
Johnson & Johnson
Johnson & Johnson MedTech: ‘Stay tuned’ for Ottava next-gen surgical robot
It’s been about two and a half years since Johnson & Johnson (NYSE:JNJ) unveiled its plans for a next-generation surgical robot. At the time, the six-armed “Ottava” system generated a lot of buzz. Johnson & Johnson shared details on the surgical robotic platform set to offer unrivaled flexibility and control compared to the rest of […]
Electrophysiology tech boosts J&J MedTech in Street-beating Q1
J&J today reported first-quarter momentum that enabled it to up its full-year guidance. New Brunswick, N.J.–based Johnson & Johnson also reported progress in the heavily competitive robotic surgery space. J&J lost $68 million, or 3¢ per share, off of $24.7 billion dollars during its first quarter. A $6.9 billion talc-based baby powder litigation settlement proposal […]
What’s on the horizon in surgical robotics?
While question marks remain over where medtech is going, the path for surgical robotics remains full of excitement. Medical technology has experienced a bit of a rocky period lately. Layoffs continue to hamper the space, and financial outlooks are a bit cloudy for some companies. However, there remains plenty to look forward to in the […]
Johnson & Johnson MedTech’s leader is AdvaMed’s new chair
AdvaMed announced today that it has named Ashley McEvoy, EVP of MedTech at Johnson & Johnson, as its new chair. The group’s board of directors unanimously elected McEvoy as its chair during its quarterly meeting yesterday. She is the first woman to serve as chair at the major U.S. medical technology trade association, which was […]
Johnson & Johnson cuts nearly 350 surgical robotics jobs
Johnson & Johnson is letting go of nearly 350 employees in the surgical robotics space, according to layoff notices filed in California at the beginning of this month. The WARN notices list layoffs involving 292 workers at Auris, 47 at Verb Surgical, and four at Ethicon Endo-Surgery. All of the jobs were based in Santa […]
Biosense Webster marks first cases with dual energy ablation tech
Biosense Webster today announced the first cases with its investigational Thermocool SmartTouch SF dual energy catheter for treating AFib. The system enables doctors performing an ablation to toggle between two types of energy: pulsed-field and radiofrequency. It appears to be the Johnson & Johnson MedTech subsidiary’s answer to the dual energy ablation tech coming out […]
Johnson & Johnson is cutting jobs in its MedTech business
Johnson & Johnson announced restructuring and layoffs to employees over the past week that could eliminate at least 1,000 jobs, according to people inside and outside of the company. The reorganization included folding the company’s Mitek Sports Medicine business into another business, according to Rajit Kamal, the outgoing worldwide president of sports medicine and shoulder […]
FDA clears surgical robot from Noah Medical
Noah Medical announced that it received FDA clearance for its Galaxy System for robotic-navigated bronchoscopy. San Carlos, California-based Noah Medical designed Galaxy and its accessories to provide bronchoscopic visualization and access. These capabilities provide diagnostic and therapeutic procedures in patient airways. The system features advanced imaging technologies that provide real-time location updates for potentially cancerous […]
Supreme Court denies J&J appeal of $302M vaginal mesh ruling
The U.S. Supreme Court today declined to hear Johnson & Johnson‘s (NYSE:JNJ) appeal of a $302 million judgment for false and deceptive marketing of its vaginal mesh implants. The nation’s highest court denied the medtech maker’s bid for review without comment, allowing the California ruling to stand. Attorneys for the state sued Johnson & Johnson […]
Alcon to pay $199M to J&J to settle patent dispute
Alcon (SIX/NYSE: ALC) recently announced that it has settled a patent dispute with J&J Surgical Vision. The $199 million settlement, announced Feb. 12, ends a lawsuit that J&J had filed in June 2020 in U.S. District Court in Delaware. J&J Surgical Vision had claimed that Alcon femtosecond laser-assisted cataract surgery devices, including the company’s LenSx […]