One of three judges has departed the room. Then his replacement votes against his view. Then someone who voted against him last time, changes her mind. Not like this is important or anything.
Company News
K2M Ups IPO Target to $120Million
Spinal device company K2M has announced that it will be offering 8,825,000 shares of common stock at a price of $15.00 per share, which should nett out at over $120 million, some $20 million more than was being estimated six weeks ago.
HeartMate Supports Thoratec® First Quarter 7% Revenue Growth
Thoratec Corporation has reported its financial results for the first quarter of 2014. International sales of the Heartmate device continue to dominate the revenue line, with 7% growth compared with the equivalent quarter a year ago.
EndoGastric Solutions Gets Given Americas President
EndoGastric Solutions® recently released data supporting its Transoral Incisionless Fundoplication (TIF®) procedure for treating Gastro-Esophageal Reflux Disease (GERD. Now the company has announced that it has a new President and CEO in the form of industry veteran, Skip Baldino.
Bausch + Lomb Secures 3-D Surgical Navigation Technology Exclusive for Cataract Surgery
Bausch + Lomb has announced it has entered into an exclusive license agreement for a three-dimensional surgical navigation technology, the Cirle Surgical Navigation System, from Cirle, Inc., a medical technology incubator based in Miami, Fla.
Intuitive Explains Away Sorry Financials
Intuitive Surgical has posted its most recent quarterly figures and they don’t pain a very happy picture. Revenue’s 24 percent off the equivalent period a year ago at $465 million vs $611 million.
Catch-up: Medtronic Wins CoreValve Stay and Covidien’s Pipeline Recall Gets FDA Class
Two of last week’s news items have moved on a bit over the Easter weekend: Medtronic’s increasingly acrimonious spat with Edwards over the respective companies’ transcatheter heart valve offerings, and Covidien’s recall being graded Class I by the FDA.
St. Jude Financials Show Revenue and Earnings Growth and Promise More of the Same
St. Jude is sounding punchy, expecting revenue gains based on a flurry of new product approvals.
Stryker Completes Berchtold Acquisition
Back in February 2014 we covered the news that Stryker Corporation was to acquire healthcare infrastructure business, Berchtold Holdings in a deal worth $172 million. Now that deal has gone through.
Medtronic Buys into Turkish Distribution
Medtronic has signalled its intent to get to the sharp end in a significant market, by acquiring a majority of the shares of Biostar, which will assume the distribution of Medtronic products in Turkey. Former distributor Medicall Biomedikal A.S. will assume management responsibilities.
Healthy Sales Growth for Biomet in Q3
Orthopaedic giant, Biomet, Inc has released its quarterly financial statements showing a consolidated net sales increase of 7.5% on a constant currency basis, compared with the equivalent period a year ago. The growth comes on the back of a similarly healthy picture a quarter ago.
Aptiv Solutions to be Acquired by Icon plc
Aptiv Solutions is to be acquired by ICON plc, for a cash consideration of $143.5 million, in a move that Icon says will enhance its own operations by helping customers identify promising drug candidates earlier.
Echo Therapeutics Reducing Losses
It’s been stormy waters for Echo Therapeutics during 2013, a year that saw cash dwindling, shareholder angst and boardroom changes, before new money arrived and cost-cutting measures started to turn the ship around.
CryoLife Expands Hemodialysis Access Portfolio with ProCol® Vascular Bioprosthesis Deal
Pretty complicated looking deal, but at the end of it CryoLife comes out with a nice adjunct to its vascular access graft portfolio.
Baxter to Separate its BioPharma and Medical Products Businesses
In what looks like a natural cleaving of its sizeable business, Baxter International says it plans to create two independent global healthcare companies, effectively separating its biopharmaceuticals and medical products.
Light with Integrated Camera Sets Brandon Medical’s Symposia® Telemedicine System Apart
UK-based Brandon Medical is touting its Symposia® Telemedicine System, an audio-visual communications platform connecting medical professionals to a range of AV resources which can be accessed immediately from any location.