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SurModics Inc.

MedTech 100 roundup: Industry continues climb

July 12, 2021 By Sean Whooley

One week after hitting an all-time best mark, the medtech industry has done it again, reaching new heights on Wall Street. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — continued its rise, finishing the week (July 9) at 114.79 points, a rise of 0.2% from the 114.59-point mark […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Abbott, augmedics, Avanos Medical (formerly Halyard Health), conformis, Explorer Surgical, Hyperfine, Johnson & Johnson, Liminal, MedTech 100 Index, Stryker, SurModics Inc., Vetex Medical, Wright Medical

Surmodics acquires Vetex Medical and its mechanical thrombectomy catheter

July 7, 2021 By Sean Whooley

Surmodics (NSDQ:SRDX) announced that it acquired Vetex Medical, a developer and manufacturer of venous clot removal solutions. Buying Galway, Ireland–based Vetex Medical provides Surmodics a second FDA-cleared device for its thrombectomy portfolio. Vetex designed the ReVene thrombectomy catheter to remove large, mixed-morphology blood clots commonly found with venous thromboembolism (VTE). Get the full story at our sister […]

Filed Under: Blood Management, Business/Financial News, Catheters, Featured, Mergers & Acquisitions, Research & Development, Vascular Tagged With: SurModics Inc., Vetex Medical, vetexmedical

Surmodics slightly up on mixed bag Q2

April 28, 2021 By Sean Whooley

Surmodics (NSDQ:SRDX) shares ticked up today on second-quarter results that were mixed compared to the consensus forecast. The Eden Prairie, Minn.-based company posted profits of $8.1 million, or 58¢ per share, on sales of $35 million for the three months ended March 31, 2021, for a massive bottom-line gain from $1.5 million profits a year ago […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: SurModics Inc.

Surmodics rises on mixed-bag Q1

February 9, 2021 By Sean Whooley

Surmodics (NSDQ:SRDX) shares ticked up today on first-quarter results that were mixed compared to the consensus forecast. The Eden Prairie, Minn.-based company posted losses of $274,000, or -2¢ per share, on sales of $22.3 million for the three months ended Dec. 31, 2020, for a bottom-line slide into the red on a sales decline of -1.4%. […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: SurModics Inc.

Surmodics’ DCB shown non-inferior to Medtronic’s In.Pact Admiral

January 26, 2021 By Sean Whooley

Surmodics (NSDQ:SRDX) announced data showing that its SurVeil drug-coated balloon is non-inferior to Medtronic’s In.Pact Admiral. Eden Prairie, Minn.-based Surmodics’ 12-month data from the Transcend clinical trial, presented at the Leipzig Interventional Course 2021 virtual event, revealed primary results that found the SurVeil DCB is non-inferior to In.Pact Admiral in both safety and efficacy while delivering […]

Filed Under: Clinical Trials, Drug-Device Combinations, Featured, Food & Drug Administration (FDA), Regulatory/Compliance, Vascular Tagged With: Medtronic, SurModics Inc.

Surmodics rises on mixed bag Q4

November 4, 2020 By Sean Whooley

Surmodics (NSDQ:SRDX) shares ticked up to end the day on fourth-quarter results that beat the consensus earnings forecast. The Eden Prairie, Minn.-based in vitro technology developer posted losses of -$2.9 million, or -22¢ per share, on sales of $22.5 million for the three months ended Sept. 30, 2020, for a bottom-line slide into the red on […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Vascular, Wall Street Beat Tagged With: SurModics Inc.

Surmodics wins CE Mark for drug-coated balloon

June 8, 2020 By Sean Whooley

Surmodics (NSDQ:SRDX) announced today that it received CE Mark approval in Europe for its SurVeil drug-coated balloon (DCB). SurVeil is a next-generation DCB designed for treating peripheral artery disease (PAD) with a proprietary drug-excipient formulation for a durable balloon coating. Pre-clinical data shows a more evenly distributed and durable drug effect and lower incidence of downstream […]

Filed Under: Business/Financial News, Clinical Trials, Drug-Device Combinations, Regulatory/Compliance, Vascular Tagged With: Abbott, CE Mark, SurModics Inc.

Surmodics hires former Edwards Lifesciences exec as clinical affairs VP

February 4, 2020 By Sean Whooley

Drug-coated balloon maker Surmodics (NSDQ:SRDX) announced yesterday that it appointed Dr. Nusrath Sultana as its new VP of clinical affairs, effective immediately. Sultana previously served as the senior director of global medical affairs at Edwards Lifesciences, where she was responsible for the development of the medical affairs infrastructure at the company. She also provided leadership, oversight […]

Filed Under: Business/Financial News, Drug-Device Combinations Tagged With: Personnel Moves, SurModics Inc.

Surmodics shares drop on Q3 earnings, Sundance DCB wins breakthrough FDA nod

November 1, 2019 By Sean Whooley

Surmodics (NSDQ:SRDX) shares plummeted today despite third-quarter results that topped Wall Street projections. Eden Prairie, Minn.-based Surmodics posted profits of $3.55 million, or 26¢ per share, on sales of $30.8 million for the three months ended Sept. 30, moving from red to black on revenue growth of 33.8% compared with Q3 2018. Get the full story […]

Filed Under: Drug-Device Combinations, Food & Drug Administration (FDA), MassDevice Earnings Roundup, Wall Street Beat Tagged With: SurModics Inc.

Surmodics reaps $10m from Abbott on SurVeil balloon milestone

August 28, 2019 By Sean Whooley

Surmodics (NSDQ:SRDX) said today that it’s due for a $10 million milestone payment from Abbott (NYSE:ABT) after closing enrollment for the Transcend pivotal trial of its SurVeil drug-coated balloon for treating peripheral artery disease. Abbott in February 2018 paid $25 million up front for the global commercialization rights to the SurVeil device, which uses a proprietary […]

Filed Under: Clinical Trials, Dialysis, Drug-Device Combinations, Funding Roundup, Wall Street Beat Tagged With: Abbott, Medtronic, SurModics Inc.

Surmodics posts Street-topping Q2 earnings

May 2, 2019 By Fink Densford

Shares in Surmodics (NSDQ:SRDX) have risen today after the medical device maker posted second quarter fiscal year 2019 earnings that beat expectations on Wall Street. The Eden Prairie, Minn.-based company posted profits of approximately $1.3 million, or 9¢ per share, on sales of approximately $22.7 million for the three months ended March 31, seeing profits shrink […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: SurModics Inc.

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