Five medtech companies recently won some of the top technology awards in the state of Minnesota, known as one of three major medical device hubs in the U.S. The companies competed for the Minnesota Technology Association annual Tekne Awards, which included categories ranging from artificial intelligence and machine learning to “technology for good.” Get the full story on […]
Business/Financial News
Chembio lands $12.7M from BARDA for point-of-care test
Chembio Diagnostics (NSDQ:CEMI) announced that it received a $12.7 million contract from BARDA for its rapid COVID-19 test. Hauppauge, N.Y.-based Chembio said in a news release that the contract will support the development of and pursuit of FDA emergency use ization (EUA) for its rapid, multi-plex DPP respiratory antigen panel point-of-care testing system ahead of […]
Exactech acquires Muvr Labs and its digital health tech for ortho
Exactech (NSDQ:EXAC) announced today that it acquired intelligent patient wearable device developer Muvr Labs for an undisclosed amount. Muvr Labs’ portfolio is designed to help surgeons engage with joint replacement recipients throughout the care process, according to a news release. The company’s platform includes wearables, mobile device applications and chatbot texting to allow for remote monitoring […]
CMS finalizes coverage updates that increase access to VADs
The Centers for Medicare & Medicaid Services (CMS) finalized policies that increase access to artificial hearts and ventricular assist devices (VADs). In August, CMS proposed the coverage policy updates meant to increase access to VADs and artificial hearts, which represented potentially good news for major VAD makers Abbott (NYSE:ABT) and Medtronic (NYSE:MDT) and for people with heart failure who […]
BD to put $1.2B into drug-delivery plant expansions
Becton Dickinson (NYSE:BDX) announced today that it plans to invest $1.2 billion to expand and upgrade multiple drug-delivery facilities. Franklin Lakes, N.J.-based BD plans to invest the $1.2 billion over a four-year period to expand and upgrade manufacturing capacity and technology for pre-fillable syringes (PFS) and advanced drug-delivery systems (ADDS) across its six global manufacturing locations, […]
UK regulators recommend iRhythm cardiac arrythmia device
iRhythm Technologies (NSDQ:IRTC) announced that it received a recommendation for adoption from National Institute for Health and Care Excellence (NICE). San Francisco-based iRhythm said in a news release that it is the first technology to pass through a new digital health tech pilot, resulting in the successful recommendation for adoption from NICE. The company’s Zio XT […]
COVID-19 drives sales outlook boost for Vapotherm
VapoTherm (NYSE:VAPO) yesterday released an update increasing its financial guidance for the fourth quarter of fiscal 2020. In November, the Exeter, N.H.-based respiratory distress treatment developer projected fourth-quarter revenues ranging between $18 million and $20 million, bringing its full-year revenue guidance to between $102.8 million and $104.8 million. That marked an anticipated year-over-year increase of between […]
The best places to work for medtech sales reps
Teleflex (NYSE:TFX), ConMed (NSDQ:CNMD) and orthopedic fixation company Acumed top the list of best places to work in medtech sales in the coming year, according to a MedReps.com survey of medical sales representatives. The 10th annual MedReps survey polled more than 2,000 medical sales professionals in October 2020 to get a better understanding of what employees look for in employers and how […]
Boston Scientific to sell BTG Specialty Pharmaceuticals for $800M
Boston Scientific (NYSE:BSX) announced today that it entered into a definitive agreement to sell its BTG Specialty Pharmaceuticals business. Marlborough, Mass.-based Boston Scientific is selling BTG for $800 million in cash to Stark International Lux S.A.R.L. and SERP SAS, both affiliates of European specialty pharmaceutical group SERB, according to a news release. SERB, which is backed […]
RxSight secures $60M credit facility
Oxford Finance announced today that it closed a $60 million senior secured term loan with intraocular lens maker RxSight. Aliso Viejo, Calif.-based RxSight develops what it touts as the world’s first and only FDA-approved adjustable intraocular lens that is customized after cataract surgery. RxSight’s lens is designed to deliver superior visual outcomes with its post-cataract […]
Zimmer Biomet donates $2M to NAACP to fight racial injustice
Zimmer Biomet (NYSE:ZBH) announced today that it launched the Zimmer Biomet Foundation with a $2 million donation to the NAACP. Warsaw, Ind.-based Zimmer Biomet’s foundation is a philanthropic organization seeking to empower diverse and underserved communities, support STEM education, enable community health and provide disaster relief, according to a news release. The Zimmer Biomet Foundation followed […]
