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COVID-19 upends medtech’s financial outlook

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The uncertain times brought on by the COVID-19 pandemic have affected businesses worldwide, and several sectors of medtech industry are projecting hits to their bottom lines. A number of companies have announced decisions to withdraw financial guidance, cut hours and/or staff, among other major business decisions. Initial impacts of the global pandemic on Wall Street […]

Huennekens out, Azarbarzin in at Verb Surgical | Personnel Moves, July 24, 2019

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Veteran medtech executive Scott Huennekens is out as CEO of Verb Surgical, the robot-assisted surgery joint venture between Johnson & Johnson (NYSE:JNJ) and Google parent Alphabet (NSDQ:GOOGL), which today installed Kurt Azarbarzin in the corner office. Azarbarzin, himself a medical device industry longtimer, was co-founder & CEO of SurgiQuest until its 2016 acquisition by ConMed (NSDQ:CNMD), where he was named […]

Zynex gains on Street-beating Q1 numbers

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Zynex (NSDQ:ZYXI) shares jumped today on a double-digit first-quarter profit gain, beating Wall Street’s estimated sales and earnings forecasts. Lone Tree, Colo.-based Zynex reported profits of $2.4 million, or 7¢ per share, on sales of $9.2 million for the quarter ended March 31, for a bottom-line gain of 22.3% on sales growth of 33.7% compared with […]

Cantel Medical taps ex-Cardinal Health COO Fotiades for CEO | Personnel Moves, March 5, 2019

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 Cantel Medical taps ex-Cardinal Health vet for CEO Cantel Medical (NYSE:CMD) said today that it named former Cardinal Health (NYSE:CAH) COO George Fotiades to be its new president & CEO, replacing Jorgen Hansen effective immediately. Fotiades will retain his seat on Cantel’s board, the Little Falls, N.J.-based company said. “On behalf of the board, I am very […]

Zynex uplists on Nasdaq

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Zynex said yesterday that it has uplisted its common shares onto the Nasdaq Capital Market. The Englewood, Colo.-based company said that its shares have already been approved to be listed on the Nasdaq Capital Market and are expected to begin trading under its existing symbol, “ZYXI”, beginning February 12. “We are excited to reach this […]

J-Pac names new CFO, ops VP | Personnel Moves

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J-Pac Medical said it named former GI Supply finance chief Michael Dolge to be its new CFO and tapped Phil Littlefield, a medtech veteran, to be its vice president of operations. Somersworth, N.H.-based J-Pac, which makes implantable textiles and offers packaging and manufacturing services to the medical device industry, said Dolge’s resume includes stints at […]

OmniGuide vet Avila gets picked as new IlluminOss CEO | Personnel Moves

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IlluminOss Medical said today it picked ex-OmniGuide sales & marketing veep Manny Avila as its new chief exec. Prior to his time as sales & marketing veep with OmniGuide, Avila served as veep of commercial operations and surgical solutions in Europe for Covidien, and had management roles at Aspect Medical, Synthes Inc. and Haemonetics (NYSE:HAE), IlluminOss […]