Varian Medical Systems (NYSE:VAR) reported first-quarter results today that beat the earnings consensus on Wall Street but missed on revenue. The company reported profits of $96.8 million, or $1.14 per share, on sales of $778.8 million for the three months ended Dec. 31, 2020, for a bottom-line gain of 8.9% sales loss of -6% compared with […]
Siemens Healthineers
Former Corindus CEO Toland joins robotic `micro’ surgical startup
Mark Toland, the former CEO of Corindus Vascular Robotics, believes the next big opportunity for surgical robotics is actually very small. Toland, who sold the telesurgery robotics company to Siemens in 2019 for $1.1 billion, is now the CEO of Medical Microinstruments S.p.A. (MMI), an Italian company that has developed a surgical robotic system capable […]
Corindus wins FDA clearance for robotic surgery automation tech
Corindus Vascular Robotics announced today that it launched a new set of automated robotic movements in its technIQ series for the CorPath GRX. Waltham, Mass.-based Corindus received FDA 510(k) clearance for a new software automation designed to provide predictable and consistent movements for advanced device manipulation during complex coronary peripheral procedures, according to a news […]
The 10 largest medical device companies in the world
Even as the world’s largest medical device companies grapple with COVID-19 and the resulting recession, they’re doing important work to help humanity manage the crisis. Read on to find out more about the 10 largest companies in the Big 100, MassDevice and Medical Design & Outsourcing’s annual analysis of the worlds’ 100 largest medical device companies. […]
Siemens Healthineers expects revenue to grow again in 2021
Siemens Healthineers (ETR: SHL) announced today that its sales tick down during its fiscal year ended Sept. 30, 2020 — but company officials expect revenue growth to return. The Erlangen, Germany–based medtech giant reported profits of €432 million ($484 million) on sales of €3.88 billion ($4.34) during Q4, with the bottom line –15% and the top line […]
The 11 largest medtech employers of 2020 – and what their employees really think
Employees of the 11 largest medtech employers are proud of working on life-saving products with added benefits due to the COVID-19 pandemic, but also reported frustration with big corporate bureaucracy. That was one major takeaway as Medical Design & Outsourcing compiled some current and former employee reviews posted on Glassdoor. The companies are the largest […]
Siemens’ X-ray system gains FDA clearance
Siemens Healthineers (ETR: SHL) today announced FDA clearance of the YSIO X.pree, a ceiling-mounted radiography system. YSIO X.pree comes with the MyExam Companion intelligent user interface, a new 3D camera for patient positioning and advanced collimation, and a new smart image processing engine. The MyExam Companion user interface provides proactive guidance to help technologists of any skill […]
MedTech 100 roundup: Industry continues its ascent
Stocks in the medtech industry maintained their upward trajectory, topping last week’s peak with yet another rise to new heights. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 95.66 (Oct. 16), marking a 0.6% gain from the 95.05 points registered at the end of […]
Varian shareholders approve Siemens’ takeover
Varian Medical Systems (NYSE:VAR) announced today that its stockholders approved the pending combination with Siemens Healthineers (ETR:SHL). Stockholders from the Palo Alto, Calif.-based cancer care technology developer voted overwhelmingly in favor of the transaction at a special meeting, according to a news release. In August, the companies announced that Siemens would acquire Varian in a $16.4 […]
Diversity in medtech: Just 20% of executive roles held by women
Diversity in executive roles in the medical device industry is trending more toward parity, with women holding 2% more C-suite roles in 2020 compared to last year. Just 20% of executives at the 100 largest medical device companies in the world are women, and those companies average 19% female composition in the C-suite, according to […]
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 […]
