Sterilization products maker Steris Corp. (NYSE:STE) inked a development deal with a New Jersey firm that specializes in filtration products.
By Mary Vanac
Mentor, Ohio-based Steris Corp. (NYSE:STE) launched a system that integrates operating room visualization technologies on a single touch-screen.
Introduced at the Assn. of periOperative Registered Nurses Congress in Denver, the Harmony iQ 2100 Integration System is a joint venture produced in tandem with VTS Medical Systems LLC of Melville, N.Y. It takes several units that control cameras, imaging devices and navigation equipment off a stacked tower or rack and consolidates them on one computer screen and microprocessor.
By Mary Vanac
Robert Fields, a partner and managing director at Breeden Capital Management and Breeden Partners, quietly resigned from the Steris Corp. (NYSE:STE) board for personal reasons March 5.
Normally, the resignation of a director causes few questions. However, Fields and Richard Breeden, the former Securities and Exchange Commission chief who has since become an investment manager and shareholder activist, are a special case.
The Food & Drug Administration is once again making noises about Steris Corp.’s (NYSE:STE) System 1 processor, warning endoscope manufacturers that they must change any labeling indicating that their devices can be reprocessed using the popular sterilizing device.
The Steris System 1 processor is typically used in surgical and endoscope suites for sterilizing and disinfecting medical devices.
In a letter dated Feb. 22, the FDA warned all endoscope makers that they must change the labeling on any devices that state they can be reprocessed using the Steris system and even suggested they add language indicating that “The STERIS System 1 (SS1) is not a legally marketed device.”
Steris Corp. reported net income of $32.1 million for the second quarter of fiscal 2010, an 11 percent increase, despite Q2 sales falling 4 percent to $314 million.
STERIS Corporation Announces Fiscal 2010 Second Quarter Results
- Second Quarter Earnings Per Share Increases 13% to $0.54
- Company Increases Earnings Per Share Outlook for Fiscal 2010