Merit Medical (NSDQ:MMSI) this week posted first-quarter results that beat the overall consensus on Wall Street. The South Jordan, Utah-based disposable interventional medical device maker reported profits of $10.5 million, or 18¢ per share, on sales of $275.4 million for the three months ended March 31, for a bottom-line loss of 3.8% on sales growth of […]
Merit Medical Systems
Merit Medical chief operating officer retires
Merit Medical Systems (Nasdaq:MMSI) recently announced that chief operating officer Ronald Frost is retiring and Neil Peterson will succeed him, effective immediately. Peterson has been with the South Jordan, Utah–based company for 27 years and has held numerous leadership roles. He most recently served as VP of operations, where he was responsible for oversight of […]
Merit Medical wins FDA clearance for wire-free breast localization system
Merit Medical Systems (Nasdaq:MMSI) announced today that it received FDA clearance for its Scout Bx delivery system. South Jordan, Utah-based Merit said in a news release that the technology represents the first wire-free breast localization solution that can be deployed at the time of stereotactic or MRI-guided biopsy. The company designed Scout Bx to be […]
Merit Medical Systems recalls some Access hemostasis valves
Merit Medical (Nasdaq:MMSI) issued an urgent field safety notice in Europe to alert users to a recall of some of its hemostasis valves. South Jordan, Utah-based Merit initiated the voluntary recall of its Access-9 and AccessPLUS hemostasis valves as a result of a defect relating to a recent design change made to improve manufacturability, according […]
Merit Medical wins FDA breakthrough nod for microspheres for treating knee osteoarthritis
Merit Medical (Nasdaq:MMSI) announced today that it received FDA breakthrough device designation for its Embosphere microspheres. South Jordan, Utah-based Merit Medical’s breakthrough nod covers the Embosphere microspheres for the genicular artery embolization (GAE) indication for reducing blood flow to the knee to reduce pain and disability caused by knee osteoarthritis. Merit Medical said in a […]
Merit Medical rises on Street-beating Q4, sets 2022 guidance
Merit Medical (NSDQ:MMSI) shares were up today on fourth-quarter results that topped the consensus forecast. Shares of MMSI were up more than 6% at 63.08 per share in later morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up more than 1%. The South […]
Merit Medical rises on Street-beating Q1
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 […]
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 […]
