Becton Dickinson (NYSE:BDX) said today that China’s Ministry of Commerce has cleared its acquisition of C. R. Bard (NYSE:BCR), and that the deal is expected to close tomorrow. The news comes only a day after the company said that the US’s Federal Trade Commission gave the go-ahead to the merger, with the caveat that it divests of […]
Merit Medical Systems
Merit Medical slides to Q3 red on acquisition expenses
Expenses from recent acquisitions pushed Merit Medical (NSDQ:MMSI) into the red during the third quarter, but the medical device maker still managed to top Wall Street’s earnings forecast for the quarter. CEO Fred Lampropoulos said Merit acquired bone biopsy assets from Laurane Medical; spinal implant maker Osseon; steerable “smart” guidewire maker IntelliMedical Technologies; and ITL Healthcare and its custom […]
Merit Medical licenses KatGuide pleural drain tech from Pleuratech
Merit Medical (NSDQ:MMSI) has licensed a novel surgical device designed to ensure drain placement in the pleural cavity from Pleuratech, according to a Young America Capital press release posted this week. The device is Denmark-based Pleuratech’s flagship product, the KatGuide, and is designed to guide chest tubes to the part of the pleural cavity which needs […]
FDA grants de novo clearance for Merit Medical’s Embosphere
Merit Medical (NSDQ:MMSI) said yesterday that its Embosphere device won expanded de novo clearance from the to treat benign prostatic hyperplasia. The federal safety watchdog’s clearance means Embosphere can be used in prostatic artery embolization procedures to treat BPH. “Merit’s Embosphere is the first embolic agent to receive FDA 513(f)(2) classification for prostatic artery embolization, providing a non-surgical […]
Merit Medical sees shares rise in after hours trading on Street-topping Q1
Shares in Merit Medical (NSDQ:MMSI) have risen in after hours trading today after the medical device maker beat expectations on The Street with its 1st quarter earnings. The South Jordan, Utah-based company posted profits of $14.8 million, or 32¢ per share, on sales of $171.1 million for the 3 months ended March 31, for bottom-line […]
Tip-separation issues prompt recall of Merit Medical’s Prelude sheath introducer
The FDA today released data on a recall of Merit Medical‘s (NSDQ:MMSI) Prelude short sheath introducer over issues with the tip separating during the insertion process, and labeled the recall a Class 1. A Class 1 indication from the federal watchdog indicates “a reasonable probability that use of these products will cause serious adverse health […]
Merit Medical prices $136.5m offering
Merit Medical (NSDQ:MMSI) early this week announced an upcoming offering, looking to raise $136.5 million with funds slated to repay outstanding debt. The South Jordan, Utah-based company will look to float 4.5 million shares of common stock with a 30-day underwriter’s option to purchase an additional 675,000 shares. The shares will be offered to the public […]
Merit Medical backs Bluegrass Vascular’s Surfacer ‘inside-out’ catheter
Bluegrass Vascular Technologies said today that it entered a “strategic relationship” with Merit Medical (NSDQ:MMSI) for its Surfacer “inside-out” catheter that includes an equity stake and a distribution agreement. The Surfacer device is designed to provide access to the jugular vein to restore central venous access in hemodialysis patients with blocked neck veins; it won CE Mark approval […]
Merit Medical sees 52-week high on Q4, 2016 beats
Merit Medical (NSDQ:MMSI) posted 4th-quarter results today that beat the consensus forecast on Wall Street, sending share prices to a new 52-week high. The South Jordan, Utah-based medical device company said profits were up 17.1% to $7.5 million, or 17¢ per share, on sales of $157.7 million for the 3 months ended Dec. 31, for top-line growth of 14.0% […]
Merit Medical picks up Argon Medical Devices, Catheter Connections assets for $48m
Merit Medical (NSDQ:MMSI) said today it picked up assets from Argon Medical Devices and Catheter Connections for $48 million. The South Jordan, Utah-based company did not say which specific assets it acquired, but said that the 2 product lines it bought had combined revenue of $46 million in 2016. “These product acquisitions broaden Merit’s product offering, expand […]
Merit Medical reveals U.S. Justice Dept. subpoena
Merit Medical (NSDQ:MMSI) said last week that the U.S. Justice Dept. issued a subpoena seeking information on its marketing practices. The Oct. 19 subpoena seeks “documents and other information regarding certain marketing and promotional practices relating to the company’s products,” the South Jordan, Utah-based medical device company said. “The company is in the process of responding to […]