Integer Holdings (NYSE:ITGR) said today that it has scaled back some guidance for fiscal 2019 among other changes after the announcement that Nuvectra (NSDQ:NVTR) filed for Chapter 11 protection last week. Plano, Texas-based Integer was near the top of the list among creditors with unsecured claims in the filing. The contract manufacturer, listed as Greatbatch Medical, is […]
Nuvectra
Nuvectra files for Chapter 11 protection
Nuvectra (NSDQ:NVTR) announced that it filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Plano, Texas–based neurostimulation company filed the petition earlier this week in the U.S. Bankruptcy Court for the Eastern District of Texas. Nuvectra said it plans to use the court-supervised bankruptcy process to review its options […]
Nuvectra seeks another FDA nod for spinal cord stimulation system
Nuvectra said yesterday that it filed for expanded FDA approval of its Algovita spinal cord stimulation device. The Plano, Texas-based company asked the federal safety watchdog for full-body MR-conditional approval for the Algovita SCS. The device first received FDA premarket approval in 2015. “We believe full-body MR conditional approval in the U.S., in addition to Algovita’s […]
Nuvectra shares dive on FDA, EU requests for more data on Virtis neuromod device
Nuvectra, which spun out of Greatbatch in 2016, saw shares fall nearly 25% after it updated on its applications for FDA and CE Mark clearance in the European Union for its Virtis sacral neuromod device, saying it has been asked to submit additional information and clinical study data to the regulatory bodies. The Plano, Texas-based […]
Greatbatch board OKs Nuvectra neurostim spinout
Greatbatch (NYSE:GB) said today that its board of directors approved the spinout of its QiG Group, which is slated to become Nuvectra Corp. once the deal closes, expected March 7. One Nuvectra share is due to be distributed to Greatbatch shareholders March 14, for every 3 GB shares, the Frisco, Texas-based company said. “This announcement marks an important […]