3M to Lay Off 2,000 Employees after Weak 1Q19 Earnings
The Maplewood, MN-based company posted “disappointing” 1Q19 earnings and lowered its 2019 outlook.
Medical Device and Diagnostics Industry
Business - News
Financing Paves Way for Rapid to Enter the U.S. Market
Yokneam, Israel-based Rapid Medical has raised $20 million in a series C round and will use the proceeds to help complete its IDE study.
There’s a New Weight-Loss Device in Town and TPS Is Its Name
FDA’s approval of BAROnova’s TransPyloric Shuttle device comes during a time of significant shifts and changes in the obesity treatment market.
Haven’t You Heard? Best Buy and Telehealth Are a Thing Now
Large retailers are planting their flags in healthcare with Amazon and Best Buy leading the charge to get into the market.
Intuitive Falls Short of Expectations in 1Q19
The Sunnyvale, CA-based company has long been the top dog in surgical robotics but increased competition is right around the corner for the firm.
Finally, a Wearable Neuromodulation Device for Overactive Bladder
Seeing firsthand the limitations of current overactive bladder therapies, a urogynecology surgeon invented a wearable, non-surgical solution to the problem.
AngioDynamics to Divest its Fluid Management Portfolio
Medline Industries will pick up the Namic Fluid Management Portfolio for $167.5 million.
Abbott Has Midas Touch with Its 1Q19 Earnings
The Abbott Park, IL-based has had a solid foundation of success dating back to the closure of the St. Jude Medical acquisition.
Glaukos’ iStent Has Strong Showing in 5-Year Data
Results from the prospective, randomized, controlled, multi-surgeon clinical trial were published in Ophthalmology Glaucoma.
Lawsuits Put a Drag on J&J 1Q19 Earnings
Johnson & Johnson’s earnings might have been down 14% when compared to last year, but the New Brunswick, NJ-based company was still able to beat analysts’ expectations.
Are Fish Allergy Tests Unreliable?
Researchers at James Cook University in Australia found that material commonly used for fish allergy testing is unreliable.
Obalon Explores Financial and Strategic Alternatives
The move comes about a week after the San Diego-based company revealed it would cut 50% of its workforce.
Purified Fat Could Be an Alternative to Breast Implants
Solana Beach, CA-based Puregraft has developed a technology that would use a person’s own fat for breast augmentation or restructuring.
Reflow Brings Wingman to Clinical Studies
The San Clemente, CA-based company said it has completed enrollment for its Wing-IT IDE.
Spry Health Keeps Tight Focus with Loop
The Palo Alto, CA-based company has received FDA clearance for a wearable that can remotely monitor patients with chronic diseases, such as chronic obstructive pulmonary disease (COPD), allowing the detection of early signs of deterioration before symptoms are noticeable.