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7 medtech stories we missed this week: July 14, 2017

July 14, 2017 By Danielle Kirsh Leave a Comment

From Novarad touting its VR-surgical guidance system to Zynex paying off its $2.2M loan, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. Stimwave announces first patient in Brazil Stimwave announced in a July 5 press release that its first patients in Brazil have received Stimwave’s wireless pain relief […]

Filed Under: Clinical Trials, Diabetes, Diagnostics, Imaging, Neuromodulation/Neurostimulation, Pain Management, Research & Development Tagged With: American Red Cross, Nemaura Medical, Novarad, Owlstone Medical, Stimwave, Tactical Medical, Zynex Inc.

NuVasive co-founder McKinley is Vascular Dynamics new COO | Personnel Moves June 9, 2016

June 9, 2016 By Fink Densford Leave a Comment

NuVasive co-founder McKinley is Vascular Dynamics new COO Vascular Dynamics said it tapped NuVasive Inc. (NSDQ:NUVA) co-founder and former CEO James McKinley as its new chief operating officer. McKinley has held leadership positions at Advent Medical, Endosphere, Farallon Medical and Nellix, as well as NuVasive. “It is a tremendous opportunity to add Jim to our management team. […]

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Filed Under: Business/Financial News Tagged With: Advent Medical, Endosphere, Getinge, Haemonetics, InVivo Therapeutics, Nellix Inc., Nuvasive, Prism Medical, vasculardynamics, ViewRay Inc., Westwicke Partners, Zynex Inc.

InspireMD lifts COO Barry to the corner office | Personnel Moves June 8, 2016

June 8, 2016 By Fink Densford Leave a Comment

InspireMD lifts COO Barry to the corner office InspireMD (OTC:NSPR) said yesterday it promoted COO Dr. James Barry to the office of CEO and president, effectively immediately. Former CEO Alan Milinazzo announced he would step down from the position in January. “We are extremely pleased to name Dr. Barry as President and CEO. Jim brings an […]

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Filed Under: Business/Financial News Tagged With: Boston Scientific, iBeat, InspireMD, Personnel Moves, Practice Fusion, Sentrian, Surgical Momentum, Zynex Inc.

Zynex wins Russian approval for NexWave and NeuroMove devices

February 19, 2014 By Chris Walker Leave a Comment

Zynex wins Russian approval for NexWave and NeuroMove devices

Zynex (OTC:ZYXI) obtained marketing clearance in Russia for both its NeuroMove and NexWave devices.

Filed Under: Emerging Markets, Neurological, Neuromodulation/Neurostimulation, News Well, Regulatory/Compliance Tagged With: Exports, Rehabilitation Equipment, Zynex Inc.

Zynex CEO clears out board | Personnel Moves

January 20, 2014 By Chris Walker Leave a Comment

fired/hired

Zynex (OTC:ZYXI) CEO Thomas Sandgaard has cleared the path to reshape the company after cutting its board in half.

Sandgaard asked for the resignations of board members Mats Wahlstrom, Mary Beth Vitale, Kevin Smith and Taylor Simonton, to add board members who share Sandgaard’s vision for the rehab devices maker.

Filed Under: News Well Tagged With: Merit Medical Systems, Personnel Moves, Steris Corp., Stryker, Synergetics USA Inc., Zynex Inc.

Rehab devices maker Zynex signs distribution deal in China

January 8, 2014 By Chris Walker Leave a Comment

Rehab devices maker Zynex signs distribution deal in China

Zynex (OTC:ZYXI) signed a distribution deal with DIH Medical Technologies, giving DIH exclusive 5-year rights to distribute the NeuroMove stroke rehabilitation device in China.

Filed Under: Distribution, Emerging Markets, Neurological, News Well Tagged With: Deals Roundup, Distribution, Rehabilitation Equipment, Zynex Inc.

FDA grants Zynex 510(k) clearance for female incontinence device

August 31, 2012 By MassDevice staff Leave a Comment

Zynex logo

Colorado-based device maker Zynex (OTC:ZYXI) won FDA clearance for its InWave device, an electrotherapy system for treating female urinary incontinence.

The company’s hoping that the InWave device will complement its existing electrotherapy portfolio and spur a boost in revenue, CEO Thomas Sandgaard said in a press release.

Filed Under: 510(k), News Well, Women's Health Tagged With: Zynex Inc.

Accuray slides on lowered sales outlook | Earnings Roundup

May 9, 2012 By MassDevice staff Leave a Comment

MassDevice.com news

Accuray (NSDQ:ARAY) shares are down nearly 10% today as investors react to wider 3rd-quarter losses and a lower sales forecast for the rest of fiscal 2012.

The Sunnyvale, Calif.-based radiosurgery device maker reported losses of $14.9 million, or 21¢ per share, on sales of $101.8 million during the 3 months ended March 31.

Filed Under: MassDevice Earnings Roundup, News Well, Radiosurgery/Radiation therapy Tagged With: 2012, Accuray Inc., CAS Medical Systems Inc., Delcath Systems Inc., Henry Schein Inc., InspireMD, Mindray Medical International Ltd., Misonix, Novadaq, Q1, Response Biomedical Corp., Stereotaxis, Steris Corp., SurModics Inc., Symmetry Medical Inc., Syneron Medical Ltd., Tornier Inc., Zynex Inc.

Sorin’s 2011 sales stay flat, profits soar | Earnings Roundup

March 16, 2012 By MassDevice staff Leave a Comment

Sorin Group

Sorin Group (BIT:SRN) reported flat sales but strong profit growth for 2011, saying it raised earnings by 48.3% and revealing that the cardiac rhythm management slump has made its way across the pond.

The Italian medical device maker posted net income of €58.0 million (~$75.2 million) on sales of €743.4 million (~$963.4 million) for the year ended Dec. 31, 2011. That compares with profits of €39.1 million (~$50.7 million) on sales of €745.8 million (~$966.5 million) during 2010.

Filed Under: MassDevice Earnings Roundup, News Well, Wall Street Beat Tagged With: Aastrom Biosciences Inc, American Shared Hospital Services, Atrion, BioMimetic Therapeutics Inc., Draeger Medical, InVivo Therapeutics, Q4, SANUWAVE Health Inc., Sorin Group, Synergetics USA Inc., Utah Medical, Zynex Inc.

Standard & Poor’s gives Medtronic an A+ | Wall Street Beat

March 15, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Standard & Poor’s Ratings Services affirmed Medtronic’s (NYSE:MDT) long-term debt’s “A+” rating yesterday, after the med-tech titan announced another debt offering.

The rating agency said its view of Medtronic’s senior unsecured notes and its stable rating outlook “reflect the company’s ‘strong’ business risk profile and ‘modest’ financial risk profile.”

Filed Under: News Well, Wall Street Beat Tagged With: Biolase, Boston Scientific, C.R. Bard, Cook Medical, Debt Financing, Delcath Systems Inc., GI Dynamics, Gyrus AMCI, ICU Medical Inc., JP Morgan Chase, Kai Medical, MedMinder Systems Inc., Misonix, NeuroDyne Medical, Premier Inc., Standard & Poor's, Stryker, titanmedical, Zimmer Biomet, Zynex Inc.

Masimo picks up LED maker Spire Semiconductor for undisclosed amount | MassDevice.com On Call

March 12, 2012 By MassDevice staff Leave a Comment

MassDevice On Call

MASSDEVICE ON CALL — Masimo (NSDQ:MASI) nabbed light-emitting diode-maker Spire Semiconductor LLC for an undisclosed amount in a move aimed at cutting costs, speeding development and spurring innovation.

Spire’s advanced LED technology was spun into a wholly owned Hudson, N.H.-based subsidiary named Masimo Semiconductor, which will develop custom components for Masimo’s devices as well as for biomedical, telecommunications, consumer products and other markets, according to a press release.

Filed Under: Mergers & Acquisitions, News Well, Weight loss Tagged With: Gastrointestinal, GI Dynamics, Ginger.io, Masimo, NeuroDyne Medical, On Call, Passport Health Communications Inc., Pipette, Spire Semiconductor LLC, Stat Technologies, Syneron Medical Ltd., TransPharma Medical, Zynex Inc.

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