Axonics Modulation Technologies (NSDQ:AXNX) announced today that it entered into an agreement to supply its r-SNM (sacral neuromodulation) system to the University of Tennessee Medical Center (UTMC) in Knoxville, Tenn. UTMC has been implanting SNM devices for more than a decade and is one of the first hospitals in the U.S. to use the Axonix r-SNM […]
How much do the world’s biggest medtech companies pay physicians?
The top 50 medical device companies in the world paid physicians and teaching hospitals $690.3 million last year in general payments, according to an analysis of Medical Design and Outsourcing‘s Big 100 and CMS Open Payments data. Medtech companies averaged $17.3 million in general payments to doctors last year, spending an average of 0.2% of […]
Axonics places $110 million public offering
Sacral neuromodulation device-maker Axonics Modulation Technologies (NSDQ:AXNX) has commenced a proposed public offering worth more than $100 million in shares of its common stock. The offering is placed at $110 million, with Irvine, Calif.-based Axonics expecting to offer $100 million in shares to go along with $10 million in shares offered by selling stockholders. Axonics plans […]
These medical device companies pay doctors the most money
The top medical device companies in the world made more than $542.6 million in general payments to physicians and hospitals in 2018, according to an analysis of Medical Design & Outsourcing‘s Big 100 and CMS Open Payments data. Zimmer Biomet topped the list with $109.4 million in general payments* to physicians and teaching hospitals in […]
Stent makers point to quality-of-life findings by massive federal study
The giant federal study that found the use of stents in stable heart-disease patients is no better than drugs to treat clogged arteries reached another, less-hyped conclusion. Manufacturers of stents for percutaneous coronary intervention (PCI) note that the Ischemia study also concluded that patients who undergo a stenting procedure have a better quality of life. They suffer […]
Ishrak backs Martha for success on Medtronic earnings call
Medtronic (NYSE:MDT) outgoing CEO Omar Ishrak said on the company’s latest earnings call that his successor Geoff Martha is poised to prosper in the role, having already taken over as president and being given a seat on the board this month. The Fridley, Minn.–based company announced in August that Martha would take over for Ishrak, who […]
Medtronic Q2 results beat The Street
Medtronic (NYSE:MDT) posted second-quarter results today that beat the consensus forecast on Wall Street and reiterated its outlook for the rest of the fiscal year. The Fridley, Minn.–based company reported profits of $1.4 billion, or $1.01 per share, on sales of $7.7 billion for the three months ended Oct. 25, 2019, for a bottom-line gain of […]
Study: Stents no better than drugs for stable heart disease
This article has been updated with stock market results and comments from Medtronic. A major new study has concluded that the use of stents in stable heart disease patients is no better than drugs to treat clogged arteries. Results of the Ischemia study were released at the American Heart Association annual meeting in Philadelphia on Saturday. The […]
Axonics wins FDA approval for sacral neuromodulation device
Axonics Modulation Technologies (NSDQ:AXNX) announced today that it won FDA premarket approval for its r-SNM sacral neuromodulation system for the treatment of overactive bladder and urinary retention. The implantable, rechargeable sacral neuromodulation device is the first of its kind approved for sale in the U.S., Europe, Canada and Australia. It is also the only SNM device […]
DHS warns on Medtronic Valleylab cybersecurity vulnerabilities
The U.S. Homeland Security Dept. last week warned of cybersecurity vulnerabilities with the Medtronic Valleylab FT10 and FX8. The DHS Industrial Control Systems Cyber Emergency Response Team, acting on research from Medtronic, said the Valleylab devices had vulnerabilities that could allow an attacker to overwrite files or remotely execute code that could result in a […]
Report: Medtronic to shift jobs from Indiana
Medtronic (NYSE:MDT) will reportedly move some of its manufacturing jobs from Warsaw, Ind., to other locations. The Fridley, Minn.-based company’s senior principal communications generalist Michelle Claypool shared in in email that the moving is slated to occur in phases over the next two years, according to a Times Union report yesterday. Claypool also said there was no […]
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