The Medical Device Manufacturers Association (MDMA) has elected Outset Medical Chair and CEO Leslie Trigg as chair of the trade group’s board of directors. MDMA announced the leadership change today, following the Washington, D.C.-based industry association’s annual meeting last week. “Medical technology innovators are at the forefront of improving patient outcomes and reducing the cost […]
Outset Medical
Outset Medical rises on Street-beating Q4 revenues, high growth projections for 2022
Outset Medical (NASDAQ:OM) shares shot up today on fourth-quarter revenues that beat the consensus forecast. OM shares were up more than 16% at $39.77 per share by late afternoon trading today. MassDevice’s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was down 1.6%. The San Jose, California-based dialysis technology developer posted […]
FDA clearance enables Outset Medical to streamline manufacturing
Outset Medical (NSDQ:OM) announced that a new sterilization method for its Tablo hemodialysis system received FDA 510(k) clearance. San Jose, California-based Outset’s new sterilization method for the cartridge — utilized in the Tablo system — enables the company to start cartridge production through a manufacturing partner in Mexico. The move facilitates the localization of cartridge […]
Outset Medical achieves landmark Medicare approval for home dialysis system
Outset Medical (NSDQ:OM) announced today that it received CMS approval for a payment adjustment on its Tablo hemodialysis system. San Jose, California-based Outset said in a news release that it received the first-ever CMS approval for a Transitional Add-on Payment Adjustment for New and Innovative Equipment and Supplies (TPNIES). The decision helps encourage healthcare providers […]
Outset Medical beats the Street in Q2, takes ‘interim’ out of CFO’s title
Outset Medical (NSDQ:OM) posted second-quarter results this week that beat the overall consensus on Wall Street. The San Jose, Calif.–based maker of the Tablo is a dialysis machine reported losses of -$30.2 million, or -66¢ per share, on sales of $25.2 million for the three months ended June 30, 2021, for a sales growth of 114.75% […]
MedTech 100 roundup: New all-time best reached
Once again, the medtech industry has soared to new heights, eclipsing its all-time best performance by the tiniest of margins. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (July 2) at 114.59 points. It was just 0.01 points ahead of the 114.58-point mark set in […]
Outset Medical CFO to leave, interim replacement named
Outset Medical (NSDQ:OM) announced that CFO Rebecca Chambers will step down and Nabeel Ahmed will take over in an interim capacity. San Jose, Calif.-based Outset said in a news release that Chambers will depart to pursue other opportunities, effective on July 16, 2021. Ahmed, current VP of finance at the company, will assume the role […]
Outset Medical hires Amazon’s top health AI engineer as its CTO
Outset Medical (NSDQ:OM) announced today that it appointed Jean-Olivier Racine as its new chief technology officer. Racine, a veteran of more than two decades in the technology industry, previously worked as the head of engineering and science for Amazon Web Services (AWS) Health AI, where he managed Amazon Comprehend Medical, Amazon HealthLake and more health […]
Outset Medical appoints Edwards Lifesciences exec Katie Szyman to board of directors
Outset Medical (NSDQ:OM) announced that it appointed Edwards Lifesciences executive Katie Szyman to its board of directors. Szyman currently serves as corporate VP & GM of critical care at Edwards, having spent more than 30 years in leadership roles in the medtech space, according to a news release. Much of her experience came in 23 […]
Outset Medical sales more than triple in Q1
Outset Medical (NSDQ:OM) posted first-quarter results that beat the overall consensus on Wall Street and increased its guidance. The San Jose, Calif.-based Tablo dialysis machine maker reported losses of -$30 million, or -70¢ per share, on sales of $22.9 million for the three months ended March 31, for a sales growth of 218.72% compared with […]
Outset Medical closes $149.7M public offering
Outset Medical (NSDQ:OM) announced that it closed a previously announced underwritten public offering with proceeds of approximately $149.7 million. San Jose, Calif.–based Outset offered 2.9 million shares of common stock sold by the company itself, plus nearly 3.9 million shares of its common stock sold by certain stockholders at a public offering price of $53.50 per […]
