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Varian Medical Systems

Varian posts mixed bag Q1 results, expects Siemens takeover to complete in early 2021

January 26, 2021 By Danielle Kirsh Leave a Comment

Varian Medical Systems (NYSE:VAR) reported first-quarter results today that beat the earnings consensus on Wall Street but missed on revenue. The company reported profits of $96.8 million, or $1.14 per share, on sales of $778.8 million for the three months ended Dec. 31, 2020, for a bottom-line gain of 8.9% sales loss of -6% compared with […]

Filed Under: Business/Financial News, Wall Street Beat Tagged With: Siemens Healthineers, Varian Medical Systems

How did medtech companies score on environmental stewardship list?

December 8, 2020 By Nancy Crotti

Medical Design & Outsourcing recently rated the world’s largest medical device companies — the Big 100 — for their sales numbers and R&D spend. Now we can share how some of them scored on an environmental nonprofit’s annual list of companies ranked for their actions on climate change. Not-for-profit organization CDP (Stockholm, Sweden) runs a global disclosure system for […]

Filed Under: Business/Financial News, Featured Tagged With: 3m, Abbott, Abiomed, Align Technology, Baxter, Bayer, becton dickinson, Boston Scientific, Canon, Cardinal Health, Carl Zeiss Meditec, CDP, danaher, Edwards Lifesciences, elkemsilicones, emerson, Fujifilm, Henry Schein Medical, Hologic, Intuitive Surgical, Johnson & Johnson, Kyocera, Medtronic, Olympus, PerkinElmer Inc., Qualcomm, ResMed, Robert Bosch North America, royalphilips, stericycle, Steris Corp., Stryker, TE Connectivity, Terumo, Tessy Plastics, Thermo Fisher Scientific, Toray Industries, Varian Medical Systems, Zimmer Biomet

Varian Medical Systems beats The Street in Q4 results

October 28, 2020 By Danielle Kirsh

Varian Medical Systems (NYSE:VAR) posted fourth-quarter results that beat the consensus forecast on Wall Street. The Palo Alto, Calif.-based company reported profits of $76.5 million, or 83¢ per share, on sales of $850.5 million for the three months ended October 2, for a bottom-line gain of 8.7% sales loss of -3.2% compared with Q4 2019. Adjusted […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Varian Medical Systems

MedTech 100 roundup: Industry continues its ascent

October 19, 2020 By Sean Whooley

Stocks in the medtech industry maintained their upward trajectory, topping last week’s peak with yet another rise to new heights. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 95.66 (Oct. 16), marking a 0.6% gain from the 95.05 points registered at the end of […]

Filed Under: Business/Financial News, Cardiac Implants, Cardiovascular, Diagnostics, Featured, Funding Roundup, Genomics/Molecular Diagnostics, Initial Public Offering (IPO), MassDevice Earnings Roundup, Mergers & Acquisitions, Replacement Heart Valves, Research & Development, Structural Heart, Wall Street Beat Tagged With: Boston Scientific, coronavirus, COVID-19, Cue Health, Dept. of Health & Human Services (HHS), Eargo, MedTech 100 Index, Medtronic, Pfizer, Siemens Healthineers, Varian Medical Systems

Varian shareholders approve Siemens’ takeover

October 16, 2020 By Sean Whooley

Varian Medical Systems (NYSE:VAR) announced today that its stockholders approved the pending combination with Siemens Healthineers (ETR:SHL). Stockholders from the Palo Alto, Calif.-based cancer care technology developer voted overwhelmingly in favor of the transaction at a special meeting, according to a news release. In August, the companies announced that Siemens would acquire Varian in a $16.4 […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Oncology Tagged With: Siemens Healthineers, Varian Medical Systems

DTW Podcast: 3 lessons learned from Leslie Trigg, CEO of Outset Medical

September 19, 2020 By Tom Salemi

Outset Medical (NSDQ:OM) CEO Leslie Trigg took the helm at the dialysis start-up in 2013, moving from an executive-in-residence post at private equity firm Warburg Pincus. Before that she held senior positions at Lutonix, AccessClosure and FoxHollow, helping to position those companies to be acquired by CR Bard, Cardinal Health, and ev3/Covidien, respectively. This week, […]

Filed Under: Dialysis, Digital Health, Featured, Health Technology, Hospital Care, Imaging, Initial Public Offering (IPO), Robotics, Wall Street Beat Tagged With: Avail Medsystems, Corindus Vascular Robotics, Hologic, Outset Medical, Smith & Nephew, Varian Medical Systems

Varian wins FDA clearance for cancer therapy software

September 15, 2020 By Sean Whooley

Varian Medical Systems (NYSE:VAR) announced that it received FDA 510(k) clearance for its Eclipse v16.1 treatment planning software. Palo Alto, Calif.-based Varian’s Eclipse V16.1 software is designed to enhance the visibility of soft tissue and provide more accurate information about tissue density, allowing dosimetrists to plan more precisely as they go about performing proton therapy, according […]

Filed Under: 510(k), Food & Drug Administration (FDA), Health Technology, Oncology, Regulatory/Compliance, Software / IT Tagged With: FDA, Varian Medical Systems

Varian names new president & COO among other personnel changes

September 14, 2020 By Sean Whooley

Varian Medical Systems (NYSE:VAR) today announced a trio of personnel changes including the appointment of a new president and COO. Effective Oct. 5, 2020, current Varian Oncology Systems president Chris Toth will take over the newly created roll of president and COO. As a result, current senior VP of global operations Kevin O’Reilly will take over […]

Filed Under: Business/Financial News, Oncology Tagged With: Personnel Moves, Varian Medical Systems

MedTech 100 roundup: Another high as stocks tick up

August 10, 2020 By Sean Whooley

For the third consecutive week, stocks in the medtech industry reached heights not yet seen since the COVID-19 pandemic began. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.65 points at the end of last week (Aug. 7). Overall, medtech stocks saw a 0.72% increase from […]

Filed Under: Business/Financial News, Diagnostics, Featured, Funding Roundup, Genomics/Molecular Diagnostics, Initial Public Offering (IPO), MassDevice Earnings Roundup, Mergers & Acquisitions, Pharmaceutical, Research & Development, Wall Street Beat Tagged With: 3m, Abiomed, Acutus Medical, becton dickinson, Cardinal Health, CHF Solutions Inc., coronavirus, COVID-19, DeviceTalks Weekly, Dow Jones, Gilead Sciences, Insulet, Johnson and Johnson, Livongo, MedTech 100 Index, Orthofix, Pfizer, ResMed Inc., S&P, Siemens Healthineers, Teladoc, TransEnterix, Varian Medical Systems

Siemens Healthineers to buy Varian for $16.4b

August 3, 2020 By Chris Newmarker

Siemens Healthineers (ETR: SHL) will acquire Varian Medical Systems (NYSE:VAR) in a $16.4 billion deal to create what the companies say will be the most comprehensive cancer care portfolio in the industry. SHL shares closed down –8.95% to €40.02 apiece in trading in Germany today, while VAR shares are up 21.61% to $173.57 apiece as of midday NYSE […]

Filed Under: Business/Financial News, Diagnostics, Featured, Mergers & Acquisitions, News Well, Oncology, Wall Street Beat Tagged With: Siemens Healthineers, Varian Medical Systems

Varian appoints chief legal officer and interventional solutions president

June 4, 2020 By Danielle Kirsh

Varian Medical Systems (NYSE:VAR) this week announced it appointed Michael Hutchingson as SVP and chief legal officer and Francis Facchini as president of interventional solutions. Prior to joining Varian, Hutchinson most recently served as VP and advisor to the chairman and CEO at Stryker. He also previously served as general counsel, VP and chief legal officer […]

Filed Under: Business/Financial News Tagged With: Varian Medical Systems

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