Surgical robotics remains a hot area in medtech — even as it faces headwinds from the COVID-19 pandemic. Intuitive Surgical (NSDQ:ISRG) pioneered robotic surgery through the early 2000s and remains the dominant player, but major companies including Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) have big plans to enter the space and compete. Meanwhile, Stryker (NYSE:SYK) has built a […]
Siemens, Novartis team up on MS drug development
Siemens Healthineers (ETR:SHL) and Novartis (NYSE:NVS) have agreed to jointly design, develop and commercialize diagnostic tests for therapeutic products across Novartis’ therapeutic pipeline, the companies announced today. The first project will be a serum neurofilament light chain (NfL) immunoassay for patients with multiple sclerosis (MS) and other neurological diseases. Get the full story on our sister site, Drug […]
Siemens, CDC team on standardizing COVID-19 antibody assays
Siemens Healthineers (ETR:SHL) announced today that it is collaborating with the CDC and the JRC on a project to standardize COVID-19 assays. The collaboration with the CDC and Europe’s Joint Research Centre (JRC) is slated to develop a novel process for standardizing the SARS-CoV-2 antibody tests as they differ among manufacturers and currently can’t e analytically […]
Medtech and COVID-19: 7 things you need to know
When COVID-19 set upon the U.S. in March, medtech executives only had a month at most to explain to analysts in quarterly calls how the pandemic was hitting their companies — not nearly enough time to understand the long-term impact. Three more months have passed since those quarterly calls, and we’re now wrapping up a […]
MedTech 100 roundup: Another high as stocks tick up
For the third consecutive week, stocks in the medtech industry reached heights not yet seen since the COVID-19 pandemic began. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.65 points at the end of last week (Aug. 7). Overall, medtech stocks saw a 0.72% increase from […]
Siemens Healthineers wins FDA clearance for in-bed CT head scans
Siemens Healthineers (ETR:SHL) announced today that the FDA cleared its Somatom On.site mobile head computed tomography (CT) scanner. Malvern, Pa.-based Siemens Healthineers’ Somatom On.site scanner enables critically ill patients to receive CT head imaging in the intensive care unit (ICU) while remaining in bed, eliminating costly transports to the radiology department, according to a news […]
New Siemens antibody test can help quantify level of immune response to COVID-19
Siemens Healthineers (ETR: SHL) today announced that it’s secured an FDA emergency use authorization for its SARS-CoV-2 IgG (COV2G) antibody test, which the company touts as the first authorized with semi-quantitative detection. The COV2G test not only provides positive or negative result for IgG antibodies but also reports a numerical result expressed as index value — helping […]
Siemens Healthineers to buy Varian for $16.4b
Siemens Healthineers (ETR: SHL) will acquire Varian Medical Systems (NYSE:VAR) in a $16.4 billion deal to create what the companies say will be the most comprehensive cancer care portfolio in the industry. SHL shares closed down –8.95% to €40.02 apiece in trading in Germany today, while VAR shares are up 21.61% to $173.57 apiece as of midday NYSE […]
AdvaMed unveils COVID-19 diagnostic supply registry
AdvaMed announced today that it created a comprehensive national COVID-19 diagnostic supply registry to aid state and federal pandemic responses. According to a news release, AdvaMed is launching the registry in partnership with 13 commercial diagnostics manufacturers: Abbott (NYSE:ABT), Becton Dickinson (NYSE:BDX), bioMérieux, Bio-Rad Laboratories (NYSE:BIO), Beckman Coulter, Cepheid, Hologic (NSDQ:HOLX), Ortho Clinical Diagnostics, Qiagen (NYSE:QGEN), Roche Diagnostics, Sekisui Diagnostics, […]
Siemens Healthineers, DHL Supply Chain to create distribution facility in Memphis
Siemens Healthineers (ETR: SHL) and DHL Supply Chain announced today that they have inked a comprehensive U.S. service logistics agreement. The agreement includes the two companies creating a 260,000 ft2 distribution center that DHL will operate in Memphis, Tenn. Get the full story on our sister site Medical Design & Outsourcing.
Siemens Healthineers wins EUAs for additional COVID-19 antibody tests
More than a week after granting EUAs for COVID-19 antibody tests produced by Siemens Healthineers (ETR: SHL), FDA has authorized additional tests from the German medtech giant. The new EUAs, granted June 8, are for tests running on Siemens Healthineers Dimension Vista and Dimension® EXL systems. The tests already started shipping on May 29. Siemens Healthineers previously […]
