Zimmer extends deadline for $13B Biomet deal

From Medical Design & Outsourcing

• Steris ticks up on Street-beating Q1
  Steris (NYSE:STE) shares ticked up as the market closed today after reporting first-quarter results that beat the consensus forecast. The Dublin, Ireland-based sterilization and surgical products company posted profits of $88.1 million, or $1.03 per share, on sales of $668.9 million for the three months ended June 30, 2020, for a 3.9% bottom-line gain despite a… […]
• Times Microwave Systems introduces next-gen micro coaxial cables
  Times Microwave Systems recently launched PhaseTrack 047, which the Wallingford, Conn.–based company describes as a phase stable, highly flexible, micro coaxial cable. Designed for DC to 70 GHz frequency ranges, PhaseTrack 047 is meant to meet size and performance needs for healthcare, spaceflight, 5G and telecom, test measurement and many other “in-the-box” applications. The smaller… […]
• DTW: What in the world will Thrive Earlier Detection do with $257 million?
  In this week’s podcast, two executives from Thrive Earlier Detection explain how the “turbo-charged” diagnostics company intends to upend how, when and where cancer is diagnosed. Isaac Kinde, MD, PhD, co-founder and head of research and innovation, walks us through the company’s CancerSEEK test and how the company is marrying new technology with an innovative… […]
• How the resumption of elective surgery may spur demand for high-volume surgical instruments
  (Image courtesy of Micro) Hospitals’ need for single-use surgical instruments may spike as they resume elective procedures following the worst of COVID-19. Outsourcing with a credible tubing partner allows OEMs to focus on core competencies internally and free up other resources for maximum competitive advantage. Jim Jock, Micro As elective surgeries resume during this time… […]
• Dems seek to force EPA action on ethylene oxide monitoring
  Democrats in both houses of Congress have introduced legislation that would force the U.S. Environmental Protection Agency to better monitor emissions of ethylene oxide (EtO) from plants that manufacture the toxic gas or use it to sterilize medical devices. The Public Health Air Quality Act of 2020, sponsored by Sen. Tammy Duckworth (Ill.) and Rep.… […]
• Schurter offers electrical components for harsh medical environments
  Schurter said today that it offers high-performance AC connectors, circuit protection, switches and EMC products to safely and reliably optimize performance for critically needed COVID-19 medical devices, including ventilators, respirators, diagnostic, therapeutic and laboratory equipment. The DG12 series power entry modules integrate an IEC inlet, EMC filter and rocker-style circuit breaker with optional IP67 protection,… […]
• How laser inversion enables multi-materials 3D printing
  Researchers invent new technique that could transform additive manufacturing processes, potentially enabling the printing of circuit boards, electromechanical components, and perhaps even robots. 3D printing uses digital manufacturing processes to fabricate components that are light, strong, and require no special tooling to produce. One of the most widely used manufacturing processes, selective laser sintering (SLS),… […]
• DelmiaWorks promotes Cheri Williams to CEO spot
  Dassault Systèmes recently promoted Cheri Williams into the CEO spot at its DelmiaWorks (formerly IQMS) manufacturing software business. Williams joined the company January 2017 as SVP of professional services, helping to build and grow the DelmiaWorks/IQMS business. As CEO, she will continue to focus on increasing customer value, enabling the digital transformation of mid-marketing manufacturing,… […]
• Amend Surgical licenses oral-care hydrogel tech
  Harvard University’s Wyss Institute announced that it has licensed its tough gel adhesive technology to Amend Surgical, a Florida-based medical device company focused on developing and manufacturing novel biomaterials. Amend Surgical has been granted exclusive rights to develop the technology for oral surgery applications. The company aims to redefine the current standard of care, which today… […]
• Advamed: Diagnostic COVID-19 tests shipments hit 1m
  U.S. shipments of COVID-19 molecular diagnostic tests reached 1 million per day for the week ending July 24, based on the latest data from AdvaMed’s national testing registry. The medtech trade group launched the registry July 21 to aid state and federal pandemic responses. “This incredible milestone is just the latest example of how the medical… […]
• TE Connectivity beats The Street on lower medical sales
  TE Connectivity (NYSE:TEL) today reported its healthcare sales were down by -$15 million for the third quarter of its 2020 fiscal year. Schaffhausen, Switzerland-based TE Connectivity reported overall sales of $2.55 billion for the quarter ended June 26, 2020, down -24% from the same quarter one year ago. Earnings per share of $0.59 exceeded Wall Street… […]