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Olympus

Olympus opens new U.S. medical business HQ in Massachusetts

April 9, 2021 By Sean Whooley Leave a Comment

Olympus announced that it opened a new global headquarters in Westborough, Mass. for its therapeutic solutions division. The facility, announced yesterday, is also the new U.S. headquarters for the Tokyo-based company’s medical business Olympus said in a news release that it identified its therapeutic solutions division (TSD) as a strategic focus for growth, shifting its […]

Filed Under: Business/Financial News, Featured, Surgical Tagged With: Olympus

FDA flags infection risk from reusable urological endoscopes

April 1, 2021 By Nancy Crotti Leave a Comment

The FDA said today that is looking into the causes of infections from reprocessed urological endoscopes based on “numerous” adverse event reports. The agency said that since 2017 it has received more than 450 medical device reports — including three deaths — associated with reprocessed cystoscopes, ureteroscopes and cystourethroscopes used for viewing and accessing the […]

Filed Under: Endoscopic, Featured, Food & Drug Administration (FDA), Regulatory/Compliance Tagged With: FDA, Karl Storz, Olympus

MedTech 100 roundup: January ends with a dip

February 1, 2021 By Sean Whooley

After spending several weeks on the ascent, medtech stocks leveled out a bit to end January, ending a run of several new highs in 2021. MassDevice‘s MedTech 100 index ended the week (Jan. 29) at 104.05 points, marking a -2.2% drop from the 106.4-point mark set at the end of the previous week (Jan. 22). The […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: 3m, Abbott, Abiomed, coronavirus, COVID-19, Edwards Lifesciences, Hologic, Johnson & Johnson, Olympus, ResMed, Stryker, Varian Medical Systems

Olympus acquires Quest Photonic Devices for $60.7 million

January 29, 2021 By Sean Whooley

Olympus (TYO:7733) announced that it entered into an agreement to acquire Quest Photonic Devices for up to $60.7 million (€50 million). Tokyo-based Olympus’ total price for the acquisition includes milestone payments as the company seeks to strengthen its surgical endoscopy capabilities, according to a news release. Netherlands-based Quest develops fluorescence imaging systems (FIS) for the medical […]

Filed Under: Business/Financial News, Featured, Imaging, Mergers & Acquisitions, Surgical Tagged With: Olympus, Quest Photonic Devices

5 innovations to make duodenoscopes more single-use — and save lives

January 22, 2021 By Danielle Kirsh

Duodenoscopes are important medical devices that are used for endoscopic retrograde cholangiopancreatography (ERCP) procedures. However, the devices have had serious problems in the past. Luckily, several medical device companies have stepped in to solve the problems. (Here are five of the innovations.)  Duodenoscopes are flexible, lighted tubes threaded through the mouth, throat and stomach into the […]

Filed Under: Endoscopic, Featured Tagged With: Ambu, Boston Scientific, GI Scientific, Hoya, Olympus, Pentax

MedTech 100 roundup: Ringing in the New Year with another high

January 4, 2021 By Sean Whooley

For the third time in the past four weeks, stocks within the medtech industry climbed to never-before-seen heights as 2021 reared its head. Previous highs have largely been a result of the FDA granting Moderna emergency use authorization for its vaccine candidate and its subsequent rollout to the U.S., joining the one made by Pfizer (NYSE:PFE) and BioNTech (NSDQ:BNTX), […]

Filed Under: Business/Financial News, Featured, Funding Roundup, MassDevice Earnings Roundup, Mergers & Acquisitions, Research & Development, Wall Street Beat Tagged With: Boston Scientific, Corinth MedTech, coronavirus, COVID-19, COVID-19 vaccine, Defense Production Act, DiaSorin, MedTech 100 Index, Medtronic, Olympus, Omnia Medical, Teleflex, U.S. Biomedical Advanced Research and Development Authority (BARDA), Veran Medical Technologies, Z-Medica

Olympus acquires Veran Medical Technologies

December 30, 2020 By Danielle Kirsh

Olympus (TYO:7733) today said it acquired Veran Medical Technologies for $340 million. St. Louis, Mo.-based Veran Medical Technology makes medical devices specializing in interventional pulmonology. Through the deal, Olympus will gain Veran’s global sales network, marketing, manufacturing, R&D and other function to expand its respiratory product portfolio. “We are very excited about the synergies this acquisition […]

Filed Under: Mergers & Acquisitions Tagged With: Olympus, Veran Medical Technologies

Olympus warns on endoscope infection risk

December 14, 2020 By Nancy Crotti

Olympus (TYO:7733) is advising healthcare providers to inspect certain ultrasound endoscopes before using them due to the potential for patient infection. The global recall covers 8,522 devices distributed in the U.S., according to FDA records. In an urgent field safety notice, the company listed 23 models of endoscopes that might contain residual blood and foreign matter […]

Filed Under: Business/Financial News, Endoscopic, Featured, Food & Drug Administration (FDA), Recalls, Regulatory/Compliance Tagged With: FDA, Olympus

How did medtech companies score on environmental stewardship list?

December 8, 2020 By Nancy Crotti

Medical Design & Outsourcing recently rated the world’s largest medical device companies — the Big 100 — for their sales numbers and R&D spend. Now we can share how some of them scored on an environmental nonprofit’s annual list of companies ranked for their actions on climate change. Not-for-profit organization CDP (Stockholm, Sweden) runs a global disclosure system for […]

Filed Under: Business/Financial News, Featured Tagged With: 3m, Abbott, Abiomed, Align Technology, Baxter, Bayer, becton dickinson, Boston Scientific, Canon, Cardinal Health, Carl Zeiss Meditec, CDP, danaher, Edwards Lifesciences, elkemsilicones, emerson, Fujifilm, Henry Schein Medical, Hologic, Intuitive Surgical, Johnson & Johnson, Kyocera, Medtronic, Olympus, PerkinElmer Inc., Qualcomm, ResMed, Robert Bosch North America, royalphilips, stericycle, Steris Corp., Stryker, TE Connectivity, Terumo, Tessy Plastics, Thermo Fisher Scientific, Toray Industries, Varian Medical Systems, Zimmer Biomet

MedTech 100: New heights reached once again

December 7, 2020 By Sean Whooley

Nearly a month after reaching a new high mark, the medtech industry once again shot up to reach another peak in its mid-pandemic rebound. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 100.75 (Dec. 4), marking a 2.6% uptick from the 98.23 points registered […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Mergers & Acquisitions, Research & Development, Wall Street Beat Tagged With: 3m, becton dickinson, Boston Scientific, coronavirus, COVID-19, MedTech 100 Index, Medtronic, Olympus

Olympus buys Veran Technologies for $340M

December 4, 2020 By Sean Whooley

Olympus (TYO:7733) announced today that it entered into an agreement to acquire Veran Medical Technologies for up to $340 million. St. Louis, Mo.-based Veran Medical develops advanced medical devices specializing in interventional pulmonology, including navigation products to develop solutions for improved diagnosis of peripheral lung cancer, according to a news release. The acquisition by Olympus is […]

Filed Under: Business/Financial News, Diagnostics, Featured, Imaging, Mergers & Acquisitions, Oncology, Respiratory Tagged With: Olympus, Veran Medical Technologies

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