Medical Appliances & Equipment
(WMGI) Wright Medical Group Gets a New CEO
International orthopedic devices company Wright Medical Group (WMGI) recently reported that its Board of Directors chose Mr. Robert J. Palmisano as President and CEO, starting from September 17, 2011. Mr....
(SLTM) Solta Medical Buying Medicis Unit
Aesthetic laser treatments provider Solta Medical (SLTM) has agreed to acquire Medicis Technologies Corporation, a unit of specialty pharmaceutical company Medicis Pharmaceutical Corporation...
(MDT) Medtronic Grows Spinal Portfolio
Leading medical devices player, Medtronic’s (MDT) TSRH Spinal System has received 510 (k) clearance from the US Food and Drug Administration (FDA) to treat adolescent idiopathic scoliosis (AIS) with pedicle...
(WMGI) Wright Medical Group to Restructure
International orthopedic devices company Wright Medical Group (WMGI) recently reported that it is exercising a cost restructuring initiative to improve profitability, promote growth and strengthen cash...
(MDT) Medical Devices Stock Outlook – Sept. 2011 – Industry Outlook
June quarter results mostly mirror the preceding quarter as a host of macro headwinds (including price and procedure volume pressures) continued to haunt the MedTech industry and weighed on the performance of the incumbent players. Although a number of these issues are expected...
(CYBX) Cyberonics Stops Generator Shipment
Recently, the leading neuromodulation company Cyberonics (CYBX) stopped shipment of two models of its Aspire platform generators. The company is currently retrieving the already sold but unused models namely...
(GB) Greatbatch Analyst Reaffirms Shares at Neutral
We reiterate our Neutral recommendation for Greatbatch Inc. (GB). Second-quarter fiscal 2011 earnings per share of 43 cents met the Zacks Consensus Estimate. Revenues rose 4% year over year to $146.5 million,...
(KCI) Kinetic Concepts Aquired by Apax Partners and Two Canadian Pension Funds
Private equity firm Apax Partners and two Canadian pension funds are set to acquire leading medical technology company Kinetic Concepts (KCI). The deal, including Kinetic’s outstanding debt, is valued...
(CYBX) Cyberonics Stays Neutral
We recently reiterated our Neutral recommendation on Cyberonics (CYBX) with a target price of $30.00, following our assessment of its fourth quarter 2011 results.
Cyberonics reported fourth quarter...
(ARAY) Accuray Presents Promising CyberKnife Radiosurgery Data
Leading radiosurgery systems maker Accuray Incorporated (ARAY) has presented encouraging new clinical data highlighting the benefits of its popular CyberKnife radiosurgery system and its recently acquired...
(RMD) ResMed Acquires BiancaMed
Developer and marketer of medical equipments for treating sleep disordered breathing and other respiratory disorders, ResMed Inc. (RMD) recently acquired an Irish medical technology company...
(MDT) Medtronic Introduces Spinal Device
Leading medical devices player, Medtronic (MDT), strengthened its Spinal portfolio with the launch of CD Horizon Fenestrated Screw Spinal System in Europe. The product will be used in combination with Fenestrated...
(ARTC) NeuroTherm Buys ArthroCare Devices
Surgical products maker ArthroCare Corp (ARTC) has reportedly divested its Parallax and Contour product lines used in interventional spine surgeries to leading pain management products maker NeuroTherm, Inc....
(VAR) Varian Medical TrueBeam Lands in Sweden
Leading integrated radiotherapy systems maker Varian Medical’s (VAR) coveted TrueBeam radiotherapy and radiosurgery system has made its Scandinavian debut as it was successfully placed at a leading hospital...
(MDT) Medtronic Expands Kyphon Portfolio
Recently, Medtronic (MDT) launched two products to add to the Kyphon Balloon Kyphoplasty procedure (BKP), which is used for treating vertebral compression fractures (VCFs). The products are Kyphon Xpander...
(KCI) Kinetic Concept’s V.A.C. Reaches UK
Recently, Kinetic Concept’s (KCI) latest Negative Pressure Wound Therapy (NPWT) product V.A.C. Via secured reimbursement status in UK and will be listed in the UK Drug Tariff, effective August 1, 2011. The...
(VAR) Varian Medical TrueBeam Makes China Debut
Leading integrated radiotherapy systems maker Varian Medical (VAR) has achieved another key milestone as its popular TrueBeam therapy system has been successfully deployed at Shantou University Medical College’s...
(MDT) Medtronic’s Bone Protein in Controversy
Leading medical devices player Medtronic (MDT) has been put under the scanner based on some articles published on recombinant human Bone Morphogenetic Protein-2 (rhBMP-2) in a recent edition of Spine Journal....
(BSDM) BSD Medical Makes Classic Pact
Cancer treatment systems maker BSD Medical Corp (BSDM) has forged an exclusive distribution pact with Classic Medical Inc. (Classic Medical) for its MicroThermX Microwave Ablation system for soft tissue ablation...
(MDT) Medtronic Actively Checks Diabetes
In a positive development, research findings presented at a recent conference mirrors the effectiveness of Medtronic’s (MDT) insulin pump therapy for improved glucose control in type 1 diabetic patients....
(VAR) Varian Medical Systems Wins R&D 100 Award
Leading integrated radiotherapy systems maker Varian Medical Systems (VAR) recently disclosed that its image guided radiotherapy and radiosurgery system (TrueBeam) is the recipient of a 2011 R&D 100 Award...
(BSDM) BSD Medical’s MicroThermX Gains Acceptance
Cancer treatment systems maker BSD Medical Corp. (BSDM) recently revealed acceptance of its MicroThermX Microwave Ablation System (“MicroThermX”) at the World Conference on Interventional Oncology (“WCIO”)...
(SNN) Smith & Nephew Acquires Tenet
Smith & Nephew (SNN), an international medical device major operating in the orthopedic reconstruction and trauma, endoscopy and advanced wound management market, recently announced its intention of acquiring...
(STJ) St. Jude Medical Device Reducing Migraines
Medical devices major St. Jude Medical (STJ) presented encouraging results from a large-scale clinical study evaluating the effectiveness of an implantable device developed by the company in treating chronic...
(MDT) Medtronic Announces Increase in Dividend
Recently, Medtronic’s (MDT) Board approved a hike in the company’s quarterly dividend to 24.25 cents per share from the current payout of 22.50 cents. This will result in an 8% increase in the company’s...
(STJ) St. Jude Devices Get Japanese Nod
Medical technology giant St. Jude Medical (STJ) has received clearance of the Japanese Ministry of Health, Labor and Welfare (“MHLW”) for its Fortify ST implantable cardioverter defibrillator (“ICD”)...
(MDT) Medical Devices Stock Outlook – June 2011 – Industry Outlook
A host of macro headwinds (including price and procedure volume pressure) which hit the MedTech industry last year continued to haunt the sector during the March quarter and encumber growth. Although a number of these issues are expected to linger through the remainder of...
(MDT) Medtronic Stent Found Safe
Leading medical devices player Medtronic (MDT) presented positive results for Valiant thoracic stent graft system after one-year patient follow-up in the US pivotal study, VALOR II, involving 160 patients....
(EDAP) EDAP TMS SA Lithotriptors Cleared in Asia
EDAP TMS SA (EDAP), a worldwide leader in therapeutic ultrasound, recently revealed approval of its Sonolith i-move lithotripter by the health authorities in Japan. The company also announced the approval...
(KCI) Kinetic Concepts Launches Wound Registry Program
Kinetic Concepts Inc. (KCI) recently collaborated with the Academy of Wound Technology to develop the Transcontinental Wound Registry (TWR), which is touted as the first worldwide registry on wound healing...