Smith & Nephew (NYSE:SNN) announced today that it has landed a contract with the UK government to build OxVent ventilators amid the COVID-19 pandemic. The London-based company’s OxVent system is currently under review by the Medicines and Healthcare products Regulatory Authority (MHRA), making the contracted order subject to the device receiving authorization from the governing body. […]
Smith & Nephew expects Q1 revenue to be down 8% amid coronavirus
Smith & Nephew (NYSE:SNN) announced today that it is withdrawing its 2020 full-year financial guidance and projecting a sizeable decline in first-quarter revenue growth as a result of the COVID-19 pandemic. The London-based medtech giant’s guidance, issued on Feb. 20, assumed a normalization of the coronavirus outbreak early in the second quarter. However, given the rapid […]
Smith & Nephew stock up as 2019 revenue hits top of range
Smith & Nephew (NYSE:SNN) today saw its stock price rise more than 7% after reporting 2019 results that met or beat the consensus forecast. The London-based orthopedics and wound care giant saw improved underlying revenue growth of 4.4% in 2019 — at the top end of its guidance — boosting annual sales past the $5 billion […]
Smith & Nephew buys Tusker Medical
Smith & Nephew (NYSE:SNN) today said it acquired Tusker Medical for an undisclosed amount. Tusker Medical develops the Tula System, which is an in-office ear tube delivery system to treat recurrent or persistent ear infections. The pediatric ear tubes won FDA breakthrough device designation in November last year. “The Tula System is a truly innovative option […]
The 10 greatest medtech advances of the 2010s
From disposable endoscopes to TAVR to robotic surgery, there’s a whole host of medtech advances widely available now that weren’t around much 10 years ago. “In terms of technological advances, I would put this past decade as one of the most important for medical technology. From connected devices and robotics, to advances in material sciences […]
Smith & Nephew issues urgent field safety notice for Profix mallet
Smith & Nephew (NYSE:SNN) initiated a field safety corrective action to update its Profix 750 grams mallet cleaning and sterilization guide after complaints regarding a potential failure mode associated with the use of the mallet, used in surgeries. Profix supplier Signal Medical received complaints regarding the failure mode in which the poly tip of the mallet may […]
Smith & Nephew beats on Q3 sales, raises outlook
Smith & Nephew (NYSE:SNN) today reported third-quarter revenues that beat the consensus forecast and raised its outlook on the rest of the year. The London-based orthopedics and wound care giant posted sales growth of 6.6% to $1.25 billion for the three months ended Sept. 28, compared with Q3 2018. Analysts were looking for sales of […]
Smith & Nephew taps ex-Roche chief Diggelman for CEO | Personnel Moves, October 21, 2019
Smith & Nephew (NYSE:SNN) today named former Roche (PINK:RHHBY) chief Roland Diggelmann to replace Namal Nawana next month. Nawana, named to succeed Olivier Bohuon last year, is stepping down effective Nov. 1 “to pursue other opportunities outside of the U.K.,” the London-based healthcare giant said. Nawana is slated to stay on until Dec. 31 to […]
Smith & Nephew launches assurance program for Trigen Intertan hip nail
Smith & Nephew (NYSE:SNN) said yesterday that it launched the Intertan product assurance program centering on the performance Trigen Intertan intertrochanteric hip fracture nail. The Trigen Intertan device is designed to use a Smith & Nephew proprietary integrated compression screw to reduce risk of implant failure and non-union, reduce postoperative pain and increase time to […]
Appeals court tosses two ConforMIS patents despite settlement with Smith & Nephew
A federal appeals court has upheld U.S. Patent Trial and Appeal Board decisions invalidating two ConforMIS (NSDQ:CFMS) patents for patient-specific knee implants, even though ConforMIS and Smith & Nephew (NYSE:SNN) settled their dispute last year for $10.5 million. Bedford, Mass.-based ConforMIS sued the British healthcare giant in 2016 in the U.S. District Court for Massachusetts, alleging infringement […]
Arthrex loses another round in patent spat with Smith & Nephew
Arthrex has lost another battle in a patent dispute with Smith & Nephew’s (NYSE:SNN) ArthroCare. A U.S. Court of Appeals panel today rejected Arthrex’s attempt to overturn a Patent Trial and Appeal Board ruling that two claims of an Arthrex patent on a surgical suture anchor are unpatentable. Smith & Nephew had challenged claims 10 […]
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