Teleflex (NYSE:TFX) today posted first-quarter results that beat the Wall Street consensus forecast and announced business streamlining plans for 2021. The Wayne, Pa.–based maker of critical care and surgical products reported earnings of $74.9 million, or $1.58 per share, off sales of $633.9 million for the quarter ended March 31, 2021, for a –43% bottom-line […]
Teleflex
4 catheter-based devices to watch for in 2021
Medical device companies are working to gain regulatory approvals and launch new catheter-based devices as the world slowly returns to normal after reeling from the COVID-19 pandemic. As of April 19, the FDA had approved 11 medical devices this year — two of them catheter-based. In comparison, the regulatory agency approved 19 devices by April 19 last year. However, […]
8 medical device companies that beat the COVID-19 pandemic and prospered
Some medical device businesses not only survived the COVID-19 pandemic but actually thrived — with many producing the medtech needed to fight the coronavirus’s spread. Medical Design & Outsourcing recently analyzed financials for 20 of the largest medical device businesses in the world. Not only was revenue only slightly down for the 20 during 2020, but it was […]
How big medtech fared during a year of COVID-19
Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]
Teleflex beats The Street with Q4 results
Teleflex (NYSE:TFX) posted fourth-quarter results that beat the consensus forecast on Wall Street. The Wayne, Pa.-based company reported profits of $76.1 million, or $1.62 per share, on sales of $711.2 million for the three months ended Dec. 31, 2020, for a bottom-line loss of -29.7% sales growth of 4.44% compared with Q4 2019. Adjusted to exclude […]
The worst catheter-based device recalls of 2020
The U.S. saw nine serious medical device recalls related to catheters in 2020 — up from four the previous year, according to the FDA. FDA in 2020 reported a total 33 medical device recalls at its most serious Class I level, down from 49 in 2019. The list of the most serious catheter-based device recalls […]
MedTech 100 roundup: Ringing in the New Year with another high
For the third time in the past four weeks, stocks within the medtech industry climbed to never-before-seen heights as 2021 reared its head. Previous highs have largely been a result of the FDA granting Moderna emergency use authorization for its vaccine candidate and its subsequent rollout to the U.S., joining the one made by Pfizer (NYSE:PFE) and BioNTech (NSDQ:BNTX), […]
Teleflex acquires Z-Medica
Teleflex (NYSE:TFX) announced that it completed its previously announced acquisition of hemostatic product maker Z-Medica. Having announced a definitive agreement to buy Z-Medica when revealing its third-quarter financial results in October, Teleflex will acquire the company with an upfront cash payment of $500 million at closing and up to an additional $25 million upon the achievement […]
The best places to work for medtech sales reps
Teleflex (NYSE:TFX), ConMed (NSDQ:CNMD) and orthopedic fixation company Acumed top the list of best places to work in medtech sales in the coming year, according to a MedReps.com survey of medical sales representatives. The 10th annual MedReps survey polled more than 2,000 medical sales professionals in October 2020 to get a better understanding of what employees look for in employers and how […]
MedTech 100 roundup: Stocks continue to plummet
Stocks in the medtech industry hit a wall two weeks ago, and it’s been a quick drop for them ever since. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 91.01 (Oct. 30), marking a 6.4% drop from the 97.02 points registered at the end […]
Teleflex reports better-than-expected Q3, will acquire Z-Medica for $500M
Teleflex (NYSE:TFX) posted third-quarter results today that beat the consensus forecast on Wall Street, with CEO Liam Kelly reporting an encouraging pace of recovery in the U.S. The Wayne, Pa.–based medtech company also announced that it plans to pay $500 million upfront to acquire Z-Medica and its QuikClot, Combat Gauze and QuikClot Control kaolin-impregnated gauzes […]