Sorin Group (BIT:SRN) said today it launched its Reply CRT-P cardiac resynchronization therapy pacemaker, claiming it to be the world’s smallest of its kind. The Reply CRT-P is 11.3 cc in volume, 3.7 cc smaller than Boston Scientific‘s (NYSE:BSX) Intua and 0.2 cc smaller than St. Jude Medical‘s (NYSE:STJ) Anthem CRT-P, according to their respective sites. The […]
Sorin Group
Sorin’s Q2 earnings plunge on Cyberonics merger costs
Sorin Group (BIT:SRN) said yesterday that its 2nd-quarter profits plunged nearly 80% , largely due to costs from its pending, $2.7 billion merger with Cyberonics (NSDQ:CYBX). Milan-based Sorin said profits were €2.1 million ($2.3 million), down -79.0% from €10.0 million ($11.1 million) during Q2 2014. The merger with Cyberonics into a new entity called LivaNova cost €16.6 million ($18.4 […]
Italian state attorney moves to block Sorin merger with Cyberonics
An Italian state attorney in Milan moved to block the pending, $2.7 billion merger between Sorin Group (BIT:SRN) and Cyberonics (NSDQ:CYBX), seeking to prevent Sorin from dodging a $3.76 billion environmental lawsuit filed against its former corporate parent. Sorin and Cyberonics, which announced the merger in February, plan to re-brand the combined company as LivaNova and […]
Sorin and Cyberonics rebrand as LivaNova
Sorin Group (BIT:SRN) and Cyberonics (NSDQ:CYBX) said today that LivaNova will be the new name for the merged companies. The companies said the name was chosen through a combination of market research and employee participation from both Sorin and Cyberonics. “LivaNova combines a derivation of the English word life with the Latin word for new, embodying our core […]
Sorin touts Freedom Solo aortic valve data
Sorin Group (BIT:SRN) said today that data from a 1-year study of its Freedom Solo stentless pericardial aortic valve showed positive safety and efficacy results. The 251-patient study looked at individuals in North America with aortic valve disease who are implanted with the device, the Milan, Italy-based company said. Results showed a mean reduction in gradient […]
Sorin launches Kora 250 MRI-safe pacer in Europe
Sorin Group (BIT:SRN) said today it launched its next-generation Kora 250 MRI-safe pace maker in Europe. The Milan, Italy-based company said the device can automatically detect an MRI scanner’s magnetic field and ensure proper device operation during the scan. Sorin said it is the world’s smallest MRI-safe pacemaker to date. “At Sorin Group we have a […]
Study: Heart valve coatings prolong durability
ConMed ripe for M&A | The week in medtech M&A
Analyst: ConMed ripe for M&A spree May 19, 2015 by Fink Densford ConMed, in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter. Newitter, who upgraded CNMD shares to “outperform” and boosted the price target to $64 from $60, wrote in […]
Sorin shareholders OK Cyberonics merger
Sorin Group (BIT:SRN) said shareholders met today and approved its upcoming merger with Cyberonics (NSDQ:CYBX). The deal, which is slated to bring together global leaders in neuromodulation and cardiac surgery with a combined equity value of $2.7 billion, is expected to close by the end of the 3rd quarter. Sorin stockowners will receive 0.0472 units of […]