Philips announced today that it proposes to appoint Charlotte Hanneman as a member of its management board as chief financial officer (CFO). The Dutch medtech giant proposed to make the appointment effective on Oct. 1, 2024. It must submit its proposal to the annual general meeting of shareholders scheduled for May 7, 2024. Philips expects […]
Stryker
Stryker reports first shoulder arthroplasty with Blueprint MR guidance system in Europe
Stryker announced today that surgeons completed the first shoulder arthroplasty surgeries in Europe using its Blueprint guidance. Dr. Julien Berhouet (Tours Hospital, France) and Dr. Lionel Neyton (Centre Orthopédique Santy and Hôpital Privé Jean Mermoz, France) performed the cases. These cases follow the first surgeries using the mixed reality (MR) guidance in North America last […]
How GLP-1s tanked and reshaped the medtech stock market in 2023
Analysts weigh in on how the GLP-1 craze caused one of the biggest swings in the medtech stock market in recent years.
In a tumultuous year for the medtech industry, the combination of strong sales growth and promising clinical trial results from glucagon-like peptide 1 agonists (GLP-1s) created a seismic shift in the medtech stock market, triggering one of the largest dips in market value that analysts have seen in years. While analysts said the medtech stock market […]
The biggest stories from AAOS 2024
Stryker, Smith+Nephew, Osso VR and more made important announcements at the American Academy of Orthopaedic Surgeons’ annual meeting (AAOS 2024). AAOS 2024, running Feb. 12–16 in San Francisco, was also where a new study raised questions about the benefits of robotic knee surgery. Go to our sibling site Medical Design & Outsourcing to find out […]
Stryker touts updates to Mako, introduces new joint replacement offering
Stryker today announced its plan to showcase new joint replacement technology and updates to its Mako surgical robotic platform. This week, the orthopedic giant is displaying new advances like myMako and Triathlon Hinge at AAOS in San Francisco. Stryker said in a news release that it wants to extend a surgeon’s Mako SmartRobotics experience in […]
10 surgical robotics companies you need to know
The surgical robotics space saw a major shakeup last year. “Robotics is hard. Robotics in healthcare is hard.” Hani Abouhalka, Johnson & Johnson’s company group chair for Robotics & Digital, said those words at our DeviceTalks West event in California in October. It pretty much sums up the situation for medtech companies large and small […]
Stryker leaders expect another strong year in 2024
Stryker saw its Mako ortho surgical robot and new products drive a solid finish for 2023 — with expectations for a robust 2024. The Kalamazoo, Michigan–based orthopedic device giant saw SYK shares shoot up more than 6% to $335.67 apiece in morning trading today on the heels of the Street-beating Q4 results from yesterday evening. […]
How does medtech CEO compensation compare?
Medtech CEO compensation averaged $10.5 million during the companies’ most recent fiscal years. That number from our recent MassDevice analysis may seem like a lot to an average person — but not as much in the world of corporate CEOs. In fact, the average compensation of S&P 500 company CEOs was $25.2 million in 2022, […]
Stryker expands Gamma4 hip fracture nailing system
Stryker announced today that it expanded its Gamma4 hip fracture nailing system by adding an intermediate nail. The latest expansion received FDA 510(k) clearance in June 2023. Since its 2022 launch, Gamma4 has been used in more than 19,000 cases across more than 850 facilities. Kalamazoo, Michigan-based Stryker now incorporates the RC Lag screw and […]
First arthroplasty procedures performed with Stryker mixed-reality guidance system
Stryker announced today that surgeons completed the first shoulder arthroplasty surgeries using its mixed reality (MR) guidance. Dr. Joaquin Sanchez-Sotelo of Mayo Clinic and Dr. George Athwall of St. Joseph’s Health Care (London, Canada) performed the surgeries. Kalamazoo, Michigan–based Stryker designed its Blueprint MR guidance system to combine software with the Microsoft HoloLens 2 headset. […]
The top medtech trends of 2023
The top medtech trends of 2023 included innovations such as artificial intelligence, new GLP-1 weight loss drugs and some long-awaited medtech finally receiving regulatory nods. With health providers facing additional challenges on top of an ever-uncertain economic environment, medtech companies also made major readjustments: layoffs, spinoffs, reorganizations and much more. Here are the top stories […]