The workforce reduction trend has swept the economy recently, and unfortunately, the medtech space is not immune to layoffs. You’ve probably read about the ongoing layoffs sweeping the tech industry, media and more. For instance, Yahoo, Disney, Zoom and more all reported workforce reductions as companies across industries grapple with economic pressures. Think inflation, supply […]
Venus Concept
Venus Concept to cut workforce by 18%
Venus Concept (Nasdaq:VERO) announced today that it plans to implement a restructuring plan that includes a large workforce reduction. The medical aesthetic technology developer also intends to change up its executive leadership team amid the restructuring. Venus Concept plans to cut 70 employees, equalling a reduction of approximately 18% of its global workforce as of […]
Venus Concept wins CE Mark and Health Canada approval
Venus Concept (NSDQ:VERO) announced today that it won CE Mark and Health Canada approval for its Venus Epileve device for hair removal, reduction and more. The Epileve is intended to treat hirsutism (male-pattern hair growth in women), permanent hair reduction and pseudofolliculitis barbae (condition in which shaving causes inflammation and bumps to develop on the […]
Restoration Robotics shareholders OK Venus Concept merger
Restoration Robotics (NSDQ:HAIR) said yesterday that its shareholders voted to approve its merger with Venus Concept. The shareholders voted on nine proposals at the company’s annual meeting last week, and the proposals that put the merger into effect were approved by approximately 85% of the outstanding shares, according to a news release. San Jose, Calif.-based Restoration […]
Restoration Robotics lands CE Mark for hair restoration system
Restoration Robotics (NSDQ:HAIR) said it has received CE Mark approval for the sale of the Artas iX system designed forf hair restoration. The CE Mark approval follows the company’s receipt of ISO 13485:2016 certification for Artas iX in January 2019. The Artas iX robotic hair restoration system has a three-camera stereoscopic vision system with 44-micron […]