Medtech entrepreneurs of color hoping to secure a portion of more than $100,000 in cash and in-kind services have until Feb. 5 to apply to MedTech Color’s first pitch contest. The organization launched the contest last month, inviting Black and Latinx founders in the healthcare space to pitch their ideas to investors and corporate sponsors. […]
ResMed
MedTech 100 roundup: January ends with a dip
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 […]
ResMed beats The Street on Q2 sales, disappoints on earnings
ResMed (NYSE:RMD) beat Wall Street analysts’ estimates for sales growth in its second quarter of 2021 but fell below their earnings projections. The San Diego-based company posted profits of $179.5 million, or $1.23 per share, on sales of $800 million for the three months ended Dec. 31, 2020, for an 11.8% bottom-line gain on sales growth […]
These medtech stocks performed the best in 2020
While 2020 did not go as planned for anyone, with the twists and turns came opportunities for medtech companies to power forward. Innovations came both as a result of the COVID-19 pandemic and perhaps in spite of the challenges brought on by the virus, highlighted by the increased efforts to produce vaccines and testing while […]
How did medtech companies score on environmental stewardship list?
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 […]
How ResMed is advancing sleep and respiratory care
The COVID-19 pandemic’s propulsion of widespread telehealth adoption has ResMed (NYSE:RMD) eyeing remote technologies for the next phase of its sleep and respiratory businesses. The president of that business for the San Diego-based company, Jim Hollingshead, told Medical Design & Outsourcing in a recent interview that the future lies with remote care and digital health offerings. “Right before the […]
MedTech 100 roundup: Stocks continue to plummet
Stocks in the medtech industry hit a wall two weeks ago, and it’s been a quick drop for them ever since. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 91.01 (Oct. 30), marking a 6.4% drop from the 97.02 points registered at the end […]
ResMed shares get boost from Street-beating Q1
ResMed (NYSE:RMD) shares ticked up today on first-quarter results that came in well ahead of the consensus forecast. RMD shares were up 6.6% at $191.33 per share in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down -1.1%, while the Dow Jones Industrial Average […]
AdvaMed pushes for Medicare coverage of digital health tech
Medtech trade group AdvaMed today called on the federal government to expand Medicare coverage to digital health technologies. The Medicare statute does not directly address coverage of digital health technologies, nor does it specifically limit or prohibit their coverage. But it doesn’t make Medicare coverage easy, either. Get the full story on our sister site, […]
ResMed launches nasal mask designed for comfort
ResMed (NYSE:RMD) announced today that it launched its AirTouch N20 CPAP nasal mask with a memory foam cushion. San Diego-based ResMed touts the AirTouch N20, its first CPAP (continuous positive airway pressure) nasal mask with a memory foam cushion, as “the softest nasal mask ever,” according to a news release. AirTouch N20 uses patented UltraSoft memory […]
Philips, Google, ResMed among companies joining digital therapeutics standards initiative
Major companies in the medtech space — including Philips, Google and ResMed — are among those joining the Consumer Technology Association’s new digital therapeutics standards initiative. “With the COVID-19 pandemic, we are seeing faster innovation across all aspects of digital health including digital therapeutics,” said Gary Shapiro, CEO of the CTA. “This field takes the […]