Looks Like Restructuring Is Paying Off As Smith & Nephew Delivers Strong Financials

Financial key performance indicators for S&N’s quarter, when set against the equivalent period a year ago show revenue of $1,029 million, up 2% on an underlying basis, trading profit of $234 million, up 6% on an underlying basis, with trading profit margin up 80 bps to 22.7% as Advanced Surgical Devices (ASD) division restructuring benefits come through

MiMedx Group Turns A profit From Human Amniotic Membrane

Georgia’s Mimedx Group is a developer of biomaterial solutions for surgical repair of soft tissues using human amniotic membrane. Pretty specialised field and never likely to be sponsoring the Olympics, but nonetheless the company’s recently stated Q2 financials suggest it’s in good shape, having grown consistently and turned red numbers black in the past twelve months.

Cook Medical Rolls Out Aprima™ Interventional Radiology Access Portfolio

Cook Medical has announced general availability of the Aprima Access Nonvascular Introducer Set, the first product in the Aprima drainage portfolio. The system is purpose-designed for nonvascular single-puncture percutaneous access to facilitate placement of a working wire guide for interventional radiology procedures.

Edwards’Q2 Sales Growth Driven Entirely By Sapien

Edwards Lifesciences Corporation has released its second quarter financial results which are, on face value, bucking the trend by showing sales growth of almost 16% (albeit excluding currency impact) to $482m compared with the equivalent period last year. Closer examination reveals that growth is almost exclusively related to the company’s Sapien transcatheter heart valve, launched in U.S and seeing continued growth internationally.

FDA Clearance For Siemens’ MAGNETOM Spectra 3T MRI System

Siemens Healthcare has announced that its MAGNETOM Spectra 3 Tesla MRI system has received US FDA clearance. The company believes it has achieved the optimal blend of reduced ownership costs, excellent image quality and rapid scan times with this system which it says provides hospitals and radiological institutes with easier access to 3T technology.

Should St.Jude’s CEO Have Used The “F” Word In Hinting At PFO Study Results?

St.Jude’s CEO Dan Sparks used the word “favorable”(sic) to describe the outcome from its giant study into whether closure of a patent foramen ovale using the company’s Amplatzer device has a positive impact on incidence of cryptogenic stroke. Some commentators are suggesting he should have kept schtum until the clinical results are published later in the year.

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