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Merit Medical lands breakthrough designation for dialysis stent graft system

November 25, 2019 By Nancy Crotti Leave a Comment

Merit Medical (NSDQ:MMSI) announced last week that it has been granted FDA breakthrough device designation for its Wrapsody endovascular stent graft system. Wrapsody is a flexible, self-expanding endoprosthesis designed for hemodialysis patients. Merit said it will seek indication to treat stenosis within the central veins of the outflow circuit of an arteriovenous fistula (AVF) up […]

Filed Under: Dialysis, Featured, Vascular Tagged With: breakthrough device, FDA, Medtronic, Merit Medical Systems

Merit Medical closes $50m BrightWater buyout

September 18, 2019 By Sean Whooley Leave a Comment

BrightWater Medical said today that it completed the sale of the organization to Merit Medical (NSDQ:MMSI), three months after Merit made its $50 million offer. In June, Merit valued the acquisition at $35 million upfront with a further $15 million in potential payments contingent upon CE Mark approval and meeting future sales targets. Temecula, Calif.-based BrightWater’s […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, News Well, Oncology, Stents, Wall Street Beat Tagged With: BrightWater Medical, Merit Medical Systems, OSF Ventures

Merit Medical plunges on Q2 miss, lowered outlook

July 26, 2019 By Brad Perriello Leave a Comment

Merit Medical (NSDQ:MMSI) shares lost more than a quarter of their value today after the medical device maker missed the consensus for its second-quarter sales and earnings and lowered its outlook on the rest of the year. South Jordan, Utah-based Merit posted profits of $6.9 million, or 12¢ per share, on sales of $255.5 million for […]

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: Merit Medical Systems

Merit puts $50m on the table for Brightwater

June 18, 2019 By Sarah Faulkner Leave a Comment

Merit Medical (NSDQ:MMSI) said this week that it plans to acquire Brightwater Medical in a deal valued at $50 million. Temecula, Calif.-based Brightwater Medical’s lead product, ConvertX, is a device designed to treat severe obstructions of the ureter. The company recently won FDA clearance for its ConvertX biliary stent system, according to Merit Medical. The deal […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Stents, Wall Street Beat Tagged With: BrightWater Medical, Merit Medical Systems

Merit Medical’s Q1 beats push shares higher

April 24, 2019 By Brad Perriello Leave a Comment

A first-quarter sales-and-earnings beat pushed Merit Medical (NSDQ:MMSI) shares up today before the market opened, as the medical device maker maintained its outlook for 2019. South Jordan, Utah-based Merit reported profits of $6.2 million, or 11¢ per share, on sales of $238.3 million for the three months ended March 31, for a 10.0% profit gain on […]

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: Merit Medical Systems

Merit Medical’s Q4, 2018 top The Street

February 27, 2019 By Brad Perriello Leave a Comment

Merit Medical (NSDQ:MMSI) yesterday posted fourth-quarter and full-year sales and earnings that beat the consensus forecast on Wall Street. The South Jordan, Utah-based medical device company reported profits of $9.2 million, or 16¢ per share, on sales of $233.2 million for the three months ended Dec. 31, 2018, representing bottom-line growth of 35.0% on sales growth […]

Filed Under: MassDevice Earnings Roundup, Wall Street Beat Tagged With: Merit Medical Systems

Merit Medical puts $60m on the table for Vascular Insights

December 18, 2018 By Brad Perriello Leave a Comment

UPDATED May 1, 2019, with milestone terms. Merit Medical (NSDQ:MMSI) said yesterday that it put $60 million on the table to acquire Vascular Insights and its ClariVein line of catheters, including a $20 million milestone pegged to sales targets. Quincy, Mass.-based Vascular Insights makes the ClariVeinIC and ClariVeinOC infusion and occlusion catheters for treating superficial […]

Filed Under: Catheters, Featured, Mergers & Acquisitions, Wall Street Beat Tagged With: Merit Medical Systems, Vascular Insights

Merit Medical wins FDA nod for EmboCube embolization gelatin

November 30, 2018 By Danielle Kirsh Leave a Comment

Merit Medical received FDA 510(k) clearance for its EmboCube embolization gelatin. EmboCube is used in the embolization of hypervascular tumors. It features uniformly cut cubes of gelatin foam that have been designed to address preparation concerns and inconsistent particle sizes that come with traditional gelatin foam sheets as an embolic. Embocube gets preloaded into a Medallion […]

Filed Under: 510(k), Regulatory/Compliance Tagged With: Merit Medical Systems

Merit Medical closes $200m Cianna Medical buy

November 14, 2018 By Fink Densford Leave a Comment

Merit Medical (NSDQ:MMSI) said yesterday that it closed its $200 million acquisition of Cianna Medical, making the company a wholly-owned subsidiary. Aliso Viejo, Calif.-based Cianna makes the Savi Scout wire-free breast tumor localization system, designed to produce audible and visual indicators surgeons can use to tag cancerous tissue during lumpectomy and biopsy procedures. The device won 510(k) clearance from […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Women's Health Tagged With: Cianna Medical, Merit Medical Systems

FDA clears NinePoint Medical’s AI-powered IRIS upgrade for Nvision VLE esophageal imager

November 5, 2018 By Fink Densford Leave a Comment

NinePoint Medical said today that it won FDA 510(k) clearance for the Intelligent Real-time Image Segmentation software upgrade for its flagship Nvision VLE imaging system. The newly cleared IRIS is an artificial intelligence-based platform for image feature segmentation, the Bedford, Mass.-based company said. The company touted that the approval was the first of its kind for […]

Filed Under: 510(k), Endoscopic, Food & Drug Administration (FDA), Imaging, Regulatory/Compliance Tagged With: Merit Medical Systems, NinePoint Medical Inc.

Merit Medical logs Q3 sales and earnings beat

October 26, 2018 By Brad Perriello Leave a Comment

Merit Medical (NSDQ:MMSI) yesterday put up third-quarter numbers that beat expectations on both sales and earnings and confirmed that it’s on track to hit the midpoint of its guidance for the rest of the year. South Jordan, Utah-based Merit posted a swing to black ink for the three months ended Sept. 30, with profits of $16.6 […]

Filed Under: Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Merit Medical Systems

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