Merit Medical (NSDQ:MMSI) shares ticked up today on first-quarter results that beat the consensus forecast. The South Jordan, Utah–based company posted profits of $11 million, or 19¢ per share, on sales of $248.9 million for the three months ended March 31, 2021, pulling its bottom-line from out of the red year-over-year on sales growth of […]
Merit Medical Systems
MedTech 100 roundup: Heading back to previous heights?
Although March brought on tough times for top stocks in the medtech industry, April is already showing signs of a rebound. The year’s strong start, during which MassDevice‘s MedTech 100 index notched an all-time best of 110.96 points (Feb. 15) came to an end later that month and carried over into March, with the index hitting its lowest […]
Merit Medical must face shareholder lawsuit
A federal judge in California quashed a bid by Merit Medical to dismiss a lawsuit alleging misrepresentation of success to stockholders. The consolidated class action complaint states two claims for securities fraud, alleging that Merit CEO Fred P. Lampropoulos and CFO Raul Parra, plus the company itself, made multiple misrepresentations to investors that resulted in […]
Merit Medical ticks up on Street-beating Q4 results
Merit Medical (NSDQ:MMSI) posted fourth-quarter results that beat the consensus forecast on Wall Street. The South Jordan, Utah-based company reported profits of $15.4 million, or 27¢ per share, on sales of $258 million for the three months ended Dec. 31, 2020, for a sales growth of 0.03% compared with Q4 2019. Adjusted to exclude one-time items, […]
Merit Medical beats The Street in Q3, updates guidance
Merit Medical (NSDQ:MMSI) shares ticked up today on third-quarter results that topped the consensus forecast. The South Jordan, Utah-based company posted losses of -$3 million, or -5¢ per share, on sales of $243.98 million for the three months ended Sept. 30, 2020, for an 11.4% bottom-line gain on sales growth of 0.3%. Adjusted to exclude one-time […]
DTW: Philips’ Imaged Guided leader Landon shares global giant’s plans for minimally invasive devices
In this week’s DeviceTalks Weekly podcast, we visit with Chris Landon, senior vice president and business leader of image guided therapy devices at Philips about that company’s plans to build a medtech powerhouse. In this conversation we’ll learn: Why Landon left Medtronic Where Philips fits into medtech’s future How Philips hopes to expand Will Philips […]
The top 5 MassDevice stories of the week — October 23, 2020
The U.S. presidential election is top of mind for many people, but medtech news continued to roll out on MassDevice this past week. Want to hear more about the week’s top news? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” — as try out new, “exciting” sound effects — during […]
Merit Medical settles physician kickback suit for $18M
Merit Medical (NSDQ:MMSI) recently agreed to pay $18 million to resolve allegations that the company paid kickbacks to physicians to use its embolization and occlusion products. Whistleblower and former Merit chief compliance officer Dr. Charles Wolf alleged in a civil suit that the Salt Lake City-based company paid doctors and hospitals to use more of its […]
MedTech 100 roundup: Another rebound as markets continue to fluctuate
Medtech stocks rebounded from a significant dip earlier in June last week, continuing to highlight the topsy-turvy nature of the markets during the COVID-19 pandemic. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 85.00 points at the end of last week (June 19). That total represents […]
Former Merit Medical executive claims physician kickbacks in whistleblower lawsuit
The U.S. has joined in a whistleblower lawsuit filed by the former chief compliance officer of Merit Medical (NSDQ:MMSI), who claims the company ran a fraud scheme involving physician kickbacks. Dr. Charles Wolf alleges the Salt Lake City-based medical device company engaged in unlawful kickbacks to induce physicians to use more of its Embosphere and QuadraSphere […]
Merit Medical lands CE mark for Wrapsody endovascular stent graft
Merit Medical (NSDQ:MMSI) announced that it received CE Mark approval in Europe for its Wrapsody endovascular stent graft system. Wrapsody is a flexible, self-expanding endoprosthesis indicated for use in hemodialysis patients for treating stenosis or occlusion within central veins, along with the dialysis outflow circuit of an arteriovenous (AV) fistula or AV graft, according to a […]
