Medtronic today confirmed a global layoffs first reported last month by MassDevice. At the time, a spokesperson for the world’s largest medical device company declined to confirm the Medtronic layoffs when asked, only saying “Medtronic continually evaluates its operations and aligns our resources with our highest strategic priorities.” Today, the company reiterated that messaging, adding […]
Securities and Exchange Commission
Medtronic employees report more layoffs
Medtronic employees recently reported a new round of layoffs at the world’s largest medical device company. Update: Medtronic has confirmed our reporting. A Medtronic spokesperson declined to confirm the latest cuts or provide more information, saying only that “Medtronic continually evaluates its operations and aligns our resources with our highest strategic priorities.” One laid-off employee […]
Another medtech company reports a cybersecurity incident
LivaNova says it’s the latest victim of a cybersecurity incident. The London-based device developer disclosed the cybersecurity incident in a Securities and Exchange Commission filing this week, saying the incident disrupted portions of its information technology systems and business operations. “Promptly after detecting the issue, the company began an investigation with assistance from external cybersecurity […]
Johnson & Johnson faces another ballot battle on racial justice audit
Johnson & Johnson is fighting another shareholder proposal for an independent racial justice audit of the company. New Brunswick, New Jersey–based J&J (NYSE:JNJ) defeated a similar measure at last year’s annual meeting of shareholders, though the vote was far from a landslide. The company also unsuccessfully petitioned the U.S. Securities and Exchange Commission to keep […]
SeaSpine warns of COVID-19 hit to surgical revenue
SeaSpine Holdings (NSDQ:SPNE) is the latest medical device maker warning that the SARS-CoV-2 Delta variant wave is hurting its business. Carlsbad, California–based SeaSpine filed an update for investors with the Securities and Exchange Commission on Sept. 24, citing “ongoing uncertainty regarding the duration and severity of COVID-19 and/or staffing shortages on spine surgery procedure volumes […]
SEC lawsuit accuses RenovaCare of securities fraud
The biotech RenovaCare (OTCMKTS: RCAR) announced that it has received a civil complaint from the Securities and Exchange Commission (SEC). The SEC accuses Harmel S. Rayat, a controlling shareholder and chair of RenovaCare, of orchestrating a secret promotional campaign to elevate the company’s stock price. The agency claimed that Rayat and RenovaCare worked with the financial publishing […]
