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Silk Road Medical Inc.

Silk Road Medical sinks despite Street-beating Q1, raised guidance

May 5, 2021 By Sean Whooley

Silk Road Medical (NSDQ:SILK) shares took a big hit today despite first-quarter results that beat the consensus forecast. SILK shares were down -10% at $55.30 per share in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down -0.9%. The Sunnyvale, Calif.-based company posted […]

Filed Under: Business/Financial News, Cardiovascular, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Silk Road Medical Inc.

Silk Road Medical reports losses in Q4, sales up 13%

March 2, 2021 By Danielle Kirsh

Silk Road Medical (NSDQ:SILK) posted fourth-quarter results that missed the consensus forecast on Wall Street, citing a second wave of COVID-19 in the last quarter of 2020. The Sunnyvale, Calif.-based company reported losses of -$16.8 million, or -49¢ per share, on sales of $21.1 million for the three months ended Dec. 31, 2020, for a […]

Filed Under: Business/Financial News, Cardiovascular, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Silk Road Medical Inc.

Silk Road Medical touts results of large TCAR study

February 26, 2021 By Sean Whooley

Silk Road Medical (NSDQ:SILK) touted results from a comparative effectiveness study of transcarotid artery revascularization (TCAR). Results, published in JAMA Network Open, found that the availability of TCAR at a hospital was associated with a significant decrease in the likelihood of major adverse cardiovascular events, which are a composite of in-hospital stroke, myocardial infarction or death […]

Filed Under: Cardiovascular, Clinical Trials, Featured, Vascular Tagged With: Silk Road Medical Inc.

Silk Road Medical issues voluntary recall of Enroute transcarotid stent system

January 25, 2021 By Sean Whooley

Silk Road Medical (NSDQ:SILK) announced today that it is voluntarily recalling additional lots of its Enroute transcarotid stent system. Enroute, which is manufactured by Cardinal Health (NYSE:CAH) subsidiary Cordis, has received a total of six product complaints between September 2020 and January 2021 involving an issue in which a tip detaches from the stent delivery system. Additionally, test […]

Filed Under: Blood Management, Featured, Food & Drug Administration (FDA), Recalls, Regulatory/Compliance, Vascular Tagged With: Cardinal Health, Cordis Corp., Silk Road Medical Inc.

Silk Road medical adds to executive team

September 22, 2020 By Sean Whooley

Stroke treatment developer Silk Road Medical (NSDQ:SILK) announced that it appointed a new executive VP of R&D and COO. William Whealon joined as executive VP of research & development, effective immediately, while current CFO Lucas Buchanan will also operate as Silk Road’s COO, effective Oct. 1. Whealon has over two decades of experience in the industry, having […]

Filed Under: Business/Financial News, Neurological Tagged With: Personnel Moves, Silk Road Medical Inc.

Silk Road Medical appoints chief commercial officer

July 10, 2020 By Sean Whooley

Stroke treatment developer Silk Road Medical (NSDQ:SILK) announced that it promoted Andrew Davis as its new chief commercial officer. In the newly created role at the Sunnyvale, Calif.-based company, Davis is slated to oversee Silk Road Medical’s global commercialization efforts by establishing near-term priorities and setting the long-term strategic direction for the organization, according to a […]

Filed Under: Business/Financial News, Neurological Tagged With: Personnel Moves, Silk Road Medical Inc.

Silk Road Medical closes allotment option

May 21, 2020 By Sean Whooley

Silk Road Medical (NSDQ:SILK) announced that underwriters fully exercised and closed on additional options to purchase shares in a stock offering. The offering of more than 6.8 million shares included the exercise of the option to purchase more than 1 million additional shares at the public offering price of $39 per share. Silk Road Medical […]

Filed Under: Business/Financial News, Funding Roundup, Neurological Tagged With: Silk Road Medical Inc.

COVID-19 upends medtech’s financial outlook

April 7, 2020 By Sean Whooley

The uncertain times brought on by the COVID-19 pandemic have affected businesses worldwide, and several sectors of medtech industry are projecting hits to their bottom lines. A number of companies have announced decisions to withdraw financial guidance, cut hours and/or staff, among other major business decisions. Initial impacts of the global pandemic on Wall Street […]

Filed Under: Business/Financial News, Cardiovascular, Clinical Trials, Contract Manufacturing, Diabetes, Diagnostics, Featured, Genomics/Molecular Diagnostics, Health Technology, Imaging, Implants, MassDevice Earnings Roundup, Patient Monitoring, Wall Street Beat Tagged With: Check-Cap, coronavirus, COVID-19, Cutera Inc., Endologix, Hologic, Iradimed Corp, Livongo, Myomo Inc, Natus Medical Inc., NovoCure, Penumbra Inc., Shockwave Medical, Silk Road Medical Inc., Zynex

These young medtech companies raised the most money in 2019

February 20, 2020 By Danielle Kirsh

Medical device industry insiders may very well remember 2019 as the year that IPOs came back — but another sign that the U.S. economy has left the Great Recession far behind. Among the top investment deals in the space, half involved public offerings, according to the MoneyTree report from PricewaterhouseCoopers (PwC) and CB Insights. Total investments […]

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Filed Under: Cardiovascular, Catheters, Clinical Trials, Diagnostics, Drug-Device Combinations, Featured, Funding Roundup, Gynecological, Imaging, Optical/Ophthalmic, Pharmaceutical, Research & Development, Women's Health Tagged With: Ablative Solutions, Acutus Medical, Avedro, Click Diagnostics, Gynesonics, Imperative Care, InMode Aesthetic Solutions, Shockwave Medical, Silk Road Medical Inc.

Why your medtech career needs graceful exits

February 3, 2020 By Chris Newmarker

Erica Rogers, the CEO of hot medtech IPO Silk Road Medical (NSDQ:SILK), learned an important career lesson back in the 1990s. After more than 10 years at Boston Scientific, Rogers didn’t want to move from the West Coast to Boston to try to rise up through the company even more. As she recently related to Medsider’s […]

Filed Under: Business/Financial News, Featured, Neurological Tagged With: medsider, Silk Road Medical Inc.

Silk Road Medical ups its stock offering by $31.8 million

August 9, 2019 By Nancy Crotti

Silk Road Medical (NSDQ:SILK) increased a stock offering it registered earlier this week to $191.8 million, according to a regulatory filing. The company’s original registration for $159 million was to fund its transcarotid artery revascularization (TCAR) technology for the treatment of stroke. The Sunnyvale, Calif.-based company is now proposing an offering of 4.8 million shares of its […]

Filed Under: Blog, Business/Financial News, Featured, Funding Roundup, Wall Street Beat Tagged With: Silk Road Medical Inc.

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