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wrightmedical

Wright Medical slides on analyst’s Cartiva take

July 2, 2019 By Brad Perriello

Shares in Wright Medical (NSDQ:WMGI) are off some -7% today after an analyst said early adopters of its Cartiva toe implant are cutting back. Memphis-based Wright last October paid $435 million for Cartiva and its synthetic cartilage implant for treating arthritis in the big toe. Cartiva won pre-market approval from the FDA for the SCI implant in […]

Filed Under: Featured, Orthopedics, Wall Street Beat Tagged With: Extremities, wrightmedical

UPDATE: Wright Medical shares rise on Street-beating Q1 earnings

May 8, 2019 By Fink Densford

Updated to include share prices after opening. Shares in Wright Medical (NSDQ:WMGI) are rising today after the medical device maker posted first quarter 2019 earnings that topped both sales and earnings per share expectations on Wall Street. The Amsterdam-based company posted losses of $36.6 million, or 29¢ per share, on sales of approximately $230.1 million for […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: wrightmedical

Wright Medical creates digital arm, promotes Asper to chief digital officer | Personnel Moves – May 7, 2019

May 7, 2019 By Fink Densford

Wright Medical (NSDQ:WMGI) said today that it is creating a new digital division and that it is promoting strategy, tech & corporate dev senior VP Jason Asper to chief digital officer. The new CDO title comes alongside Asper’s existing responsibilities, Amsterdam-based Wright Medical said. The new digital division will focus on the company’s digital surgery strategy […]

Filed Under: Business/Financial News Tagged With: Abbott, Avanos Medical (formerly Halyard Health), CHF Solutions Inc., Ekso Bionics, iCad Inc., Insulet, intersectent, Medtronic, stericycle, theromics, wrightmedical

The 10 largest orthopedic device companies in the world

April 4, 2019 By Chris Newmarker

Robot-assisted surgery continues to generate headlines in the orthopedics space. But there is so much more going on among the world’s largest orthopedic device companies. Go to our sister site Medical Design & Outsourcing and discover what’s new among the 10 largest companies in the medical device industry’s ortho sector. Next>>   Note: Medical Design […]

Filed Under: Business/Financial News, Featured, Orthopedics, Robotics, Spine Tagged With: ConMed Corp., depuysynthes, DJO Global, Johnson and Johnson, Medtronic, Orthofix, Smith & Nephew, Stryker, wrightmedical, Zimmer Biomet

Wright Medical closes rights agreement for BioMimetics buyout

March 12, 2019 By Fink Densford

Wright Medical (NSDQ:WMGI) said yesterday that it closed a contingent value rights agreement connected to its acquisition of BioMimetic Therapeutics. Wright agreed to pay $380 million in cash, stock and milestone payments to pick up BioMimetic and its Augment bone graft back in 2013. The FDA cleared the bone graft with indications as an alternative autograft […]

Filed Under: Business/Financial News, Wall Street Beat Tagged With: wrightmedical

Wright Medical posts street-beating Q4, 2018 earnings

February 26, 2019 By Fink Densford

Wright Medical (NSDQ:WMGI) today posted fourth quarter and full year 2018 earnings that beat expectations on Wall Street. The Amsterdam-based company posted losses of approximately $33.8 million, or 27¢ per share, on sales of $238.1 million for the three months ended December 31, seeing a swing into red ink while sales grew 9.4% compared with the same […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: wrightmedical

Wright Medical inks $112m refinancing deal

February 1, 2019 By Fink Densford

Wright Medical (NSDQ:WMGI) said yesterday that it inked a refinancing deal looking to exchange $112.1 million in existing 2% convertible senior notes due 2020 for $120.2 million in newly issued 1.625% senior notes due 2023. The Amsterdam-based company said that for each $1,000 principal amount of notes submitted for exchange, it will deliver $1,072.40 principal amount […]

Filed Under: Business/Financial News, Wall Street Beat Tagged With: wrightmedical

Insulet taps former Medtronic finance exec McMillan as CFO | Personnel Moves – January 8, 2019

January 8, 2019 By Fink Densford

Insulet (NSDQ:PODD) said yesterday that it tapped former Medtronic minimally invasive therapies CFO and finance VP Wayde McMillan as its new chief financial officer, replacing Michael Levitz. The Acton, Mass.-based diabetes-focused medtech company said that McMillan will join the company in February and that Levitz will continue as an advisor for a period following the […]

Filed Under: Business/Financial News, Featured Tagged With: AxoGen, Bonesupport, Cerus Corp., GI Dynamics, Insulet, Livongo, Medidata Solutions, Medtronic, pressaomedical, quantadialysistech, Reva Medical Inc., Senseonics, Smith & Nephew, taelifesciences, wrightmedical

Abiomed jumps on fiscal Q3 prelims, raised outlook | Wall Street Beat

January 7, 2019 By Brad Perriello

Abiomed (NSDQ:ABMD) shares got a jump today from its preliminary fiscal third-quarter numbers and an improved outlook for the rest of its fiscal year. The Danvers, Mass.-based heart pump maker said it expects to post fiscal Q3 sales of roughly $200.6 million, representing a 30.3% increase over its fiscal Q3 top line. Abiomed also raised […]

Filed Under: Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Abiomed, Cardiovascular Systems Inc., CAS Medical Systems Inc., Nuvasive, wrightmedical

Wright Medical loses bid for legal fees in Spineology patent spat

December 14, 2018 By Fink Densford

The U.S. Court of Appeals for the Federal Circuit this week shot down an appeal by Wright Medical(NSDQ:WMGI) seeking to obtain legal fees related to a patent infringement case against Spineology which was decided in Wright’s favor this summer. Wright appealed after the U.S. District Court for the District of Minnesota ruled that Wright could […]

Filed Under: Featured, Legal News, Orthopedics, Patent Infringement Tagged With: Spineology, wrightmedical

Wright Medical’s Q3 results top forecasts

November 8, 2018 By Brad Perriello

Wright Medical (NSDQ:WMGI) yesterday beat the consensus for both sales and earnings with its third-quarter results and raised its outlook for the rest of 2018. The Memphis-based orthopedics firm slashed its losses by -67.8% to -$42.5 million, or -38¢ per share, on sales growth of 13.8% to $194.1 million for the three months ended Sept. […]

Filed Under: Featured, MassDevice Earnings Roundup, Orthopedics, Wall Street Beat Tagged With: Extremities, wrightmedical

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