ICU Medical (Nasdaq:ICUI) reported first-quarter results that came in ahead of the consensus earnings per share forecast. The San Clemente, California-based company yesterday evening posted losses of $38.1 million, or $1.61 per share, on sales of $543.1 million for the three months ended March 31, 2022, for a bottom-line slide into the red on sales growth […]
Smiths Medical
ICU Medical beats The Street in Q4, posts full-year guidance
ICU Medical (NASDAQ:ICUI) shares rose today on fourth-quarter results that came in ahead of the consensus forecast. The San Clemente, California–based infusion therapy, oncology, and critical care tech company posted profits of $19.9 million, or 91¢ per share, on sales of $340.5 million for the three months ended Dec. 31, 2021, for a 23.8% bottom-line […]
ICU Medical completes $2.35B purchase of Smiths Medical
ICU Medical (NASDAQ:ICUI) recently announced that it has completed its $2.35 billion acquisition of Smiths Medical from the Smiths Group. Smiths Medical’s business includes syringe and ambulatory infusion devices, vascular access, and vital care products. The merger creates an infusion therapy company with estimated annual revenues of roughly $2.5 billion, ICU Medical said in a […]
ICU Medical’s Smiths Medical acquisition remains on track
ICU Medical (NASDAQ:ICUI) is a step closer to acquiring Smiths Medical after clearing a shareholders vote at Smiths’ British parent company, the Smiths Group. Almost all of the nearly 327 million Smiths Group shareholders voting on November 17 approved the $2.35 billion buy. Get the full story on our sister site Medical Tubing + Extrusion.
Smiths Medical has a Class I recall over aluminum potentially leaking in fluid warmers
Smiths Medical is recalling half a million Normoflo irrigation fluid warmers and warmer sets due to the potential for aluminum ions to leach into warmed fluids. The recall has been designated as a Class I recall — the most serious kind — by the FDA. According to an FDA notice, when fluid circulates through a […]
Smiths Medical recalls some insulin syringes over skewed graduation marking
Smiths Medical announced today that it issued recall notices for its Jelco Hypodermic Needle-Pro fixed needle insulin syringes. Minneapolis-based Smiths Medical became aware of specific models and lots of the Jelco Hypodermic Needle-Pro fixed needle syringes that may exhibit skewed odd number line graduation markings on their syringe barrels. The company identified markings skewed upward […]
Smiths Medical partners with Ivenix on infusion management suite
Smiths Medical announced today that it partnered with Ivenix to offer a comprehensive suite of infusion management solutions. Minneapolis-based Smiths Medical will provide a strategic investment for the long-term partnership that intends to “revolutionize” infusion management and improve patient safety while meeting the needs of healthcare providers, according to a news release. Get the full story at our […]
Smiths Medical launches Portex EchoGlo peripheral nerve block portfolio
Smiths Medical announced today that it launched its EchoGlo peripheral nerve block portfolio as part of the Portex pain management platform. EchoGlo is a needle designed for echogenic brightness under ultrasound to enhance visualization and accuracy while delivering medication, helping to confidently place local anesthetic which could reduce post-operative dependency on opioids, according to a […]
Smiths Medical, bioAffinity partner on cancer diagnostic
BioAffinity Technologies and Smiths Medical announced today that they are partnering to improve care with at-home collection of sputum. San Antonio-based BioAffinity’s CyPath Lung, a non-invasive flow cytometry diagnostic test for lung cancer, is set to be used in the partnership to analyze the at-home collection of sputum, according to a news release. Patients are […]
Smiths Medical has a serious infusion pump recall
Smiths Medical announced that it has become aware of an issue in which certain Medfusion syringe pumps may not operate as expected. Minneapolis-based Smiths Medical said in a news release that certain Medfusion 3500 and 4000 syringe pumps with specific firmware versions may provide over-delivery or under-delivery of a bolus or loading dose when one […]
Smiths Medical acquires Access Scientific
Smiths Medical announced today that it acquired the business of broad-spectrum vascular access and infection prevention company Access Scientific. Financial details of the acquisition were not released. San Diego-based Access Scientific makes Powerwand midline and extended dwell catheter products — and is set to add to Smith Medical’s vascular access product portfolio. The Powerwand portfolio […]
