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 […]
Teleflex
MedTech 100 roundup: Industry hits another mid-pandemic high
Despite a minor regression week-over-week, the medtech industry’s stocks hit another milestone as the COVID-19 rebound remains in progress. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.01 points at the end of last week (July 31). Overall, medtech stocks saw a -0.3% increase from the […]
Teleflex slides on revenue, profit dips in Q2
Teleflex (NYSE:TFX) shares fell today despite second-quarter results that came in well ahead of the consensus forecast. The Wayne, Pa.-based surgical and critical care device maker posted profits of $11.5 million, or 24¢ per share, on sales of $567 million for the three months ended June 28, 2020, for an 86.3% bottom-line slide on a sales […]
Teleflex announces $500m offering
Surgical and critical care device maker Teleflex (NYSE:TFX) announced today that it commenced a private offering of senior notes worth $500 million. The Wayne, Pa.-based company is offering the $500 million in the form of senior notes due in 2028, with interest rate and other terms of the notes to be determined at pricing. Each of […]
Vascular Solutions recall of Langston dual lumen catheter is Class I
The FDA issued a notice today warning that its recall of the Vascular Solutions Langston dual lumen catheter is identified as Class I, the most serious kind of recall. Vascular Solutions, a Teleflex (NYSE:TFX) subsidiary, designed the Langston dual lumen catheter for the rapid delivery of dye into blood vessels during medical imaging tests, allowing physicians to […]
Teleflex beats The Street on sales, posts sharply higher profits
Shares in Teleflex (NYSE:TFX) dropped nearly 4% today, despite a first-quarter 2020 report that revealed Street-beating sales and skyrocketing profits. The Wayne, Pa.-based surgical and critical care device maker posted profits of $131.15 million, or $2.83 per share on sales of $630.64 million for the three months ended March 29, 2020, for a 220.68% bottom-line gain […]
Teleflex warns on Pilling Clear Advantage aortic punch
The United Kingdom today issued a safety notice to warn on the Pilling Clear Advantage aortic punch manufactured by Teleflex (NYSE:TFX). Teleflex recalled the Pilling Clear Advantage aortic punch in January after discovering the potential for compromised device packaging. If the packaging is compromised, the sterility of the device can’t be guaranteed, meaning use could result […]
Teleflex warns on Arrow multi-lumen catheter
Teleflex (NYSE:TFX) this week initiated a voluntary field safety corrective action in Europe for its Arrow subsidiary’s multiple-lumen catheter. In a field safety notice dated March 16, Teleflex announced that Arrow is voluntarily recalling the catheter due to a potential sterility issue. Get the full story at our sister site, Medical Tubing & Extrusion
Teleflex down despite Street-beating Q4, raised guidance
Teleflex (NYSE:TFX) shares took a dip today despite fourth-quarter results that topped the consensus forecast and resulted in a raised guidance. The Wayne, Pa.-based surgical and critical care device maker posted profits of $108.3 million, or $2.29 per share, on sales of $680.95 million for the three months ended Dec. 31, 2019, for a 19.5% […]
Teleflex involved in serious humidification systems recall
Teleflex (NYSE:TFX) is recalling nearly 400,000 of its Comfort Flo humidification systems because a malfunction may cause water to enter a patient’s airway. The FDA has labeled the recall Class I, its most serious designation. The recall covers 398,320 Comfort Flo systems distributed in the U.S. between October 1, 2014 and October 31, 2019. The systems […]
Teleflex recalls certain Arrow epidural catheterization kits in Europe
Teleflex (NYSE:TFX) subsidiary Arrow issued an urgent field safety notice in Europe to warn of failures with the loss of resistance (LOR) syringes including in epidural catheterization kits. The company received complaints regarding the syringes in the kits that revealed dural puncture with some also requiring a blood patch. An inadvertent dural puncture may lead […]