Varian announced today that it received FDA breakthrough device designation for its cardiac radioablation (CRA) system. Palo Alto, Calif.-based Varian, a recently acquired Siemens Healthineers company, developed the CRA system as a noninvasive therapy for select patients with refractory ventricular tachycardia (VT), according to a news release. VT, a fast, abnormal heart rate that could […]
Varian Medical Systems
Siemens Healthineers ticks up on Q2 earnings, raised guidance
Siemens Healthineers (ETR:SHL) shares ticked up today on strong second-quarter results and raised guidance for 2021. The Erlangen, Germany-based company posted profits of $539 million (€447 million), or 50¢ per share, on sales of $4.8 billion for the three months ended March 31, 2021, for an 8% bottom-line gain on sales growth of 7.6%. Adjusted […]
MedTech 100 roundup: Industry skies to all-time high
The medtech industry hit a slight lull in the early stages of 2021 and, after signs of a rebound, it has soared beyond levels ever before seen. MassDevice‘s MedTech 100 Index had been building up steam in the month of April, rising from 102.16 points at the beginning of March all the way to 109.39 to […]
Siemens Healthineers completes Varian acquisition
Siemens Healthineers (ETR:SHL) announced today that it completed its acquisition of Varian Medical Systems (NYSE:VAR). In August, the companies announced that Siemens would acquire Varian in a $16.4 billion deal to create what the companies said will be the most comprehensive cancer care portfolio in the industry. Varian shareholders approved the deal in October. Several personnel moves have […]
Google, Varian partner on AI to boost cancer radiation therapy
Varian (NYSE: VAR) announced today that it is working with Google Cloud to build an AI-based diagnostic platform. The companies’ focus is on AI models for organ segmentation — a crucial, labor-intensive step in radiation oncology that can often turn into a clinical workflow bottleneck. It involves identifying the organs and tissues in diagnostic images […]
Varian CFO resigning ahead of Siemens Healthineers acquisition
Varian Medical Systems CFO J. Michael Bruff has decided to resign from the company to pursue other opportunities. In an announcement released yesterday, the company confirmed that Bruff’s decision will be made effective on March 12, 2021, with SVP, chief accounting officer and corporate controller Magnus Momsen set to serve in the role on an […]
Varian CEO Dow Wilson to retire after merger with Siemens Healthineers
Varian (NYSE: VAR) announced today that CEO Dow Wilson will retire after Siemens Healthineers‘ planned $16.4 billion acquisition of the company, which is expected to close in the first half of this year. Wilson, who has been with Varian for 16 years, will serve as a special advisor to Siemens Healthineers (Frankfurt: SHL) to help […]
MedTech 100 roundup: January ends with a dip
After spending several weeks on the ascent, medtech stocks leveled out a bit to end January, ending a run of several new highs in 2021. MassDevice‘s MedTech 100 index ended the week (Jan. 29) at 104.05 points, marking a -2.2% drop from the 106.4-point mark set at the end of the previous week (Jan. 22). The […]
Varian posts mixed bag Q1 results, expects Siemens Healthineers takeover to complete in early 2021
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 […]
How did medtech companies score on environmental stewardship list?
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 […]
Varian Medical Systems beats The Street in Q4 results
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 […]
