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Courtesy of Dexcom, Nick Jonas Super Bowl kit
DEXCOM REPORTS ANOTHER RECORD YEAR OF NEW CUSTOMERS AMID CONTINUED DEMAND FOR G6
DEVICE
The diabetes tech firm aims to keep boosting awareness of its CGMs with another
Super Bowl commercial. Read more ➔
TOP STORIES
1. BAXTER TO CUT ABOUT 3,000 JOBS AFTER EARNINGS SLUMP ON SUPPLY CHAIN WOES
2. GE HEALTHCARE AGREES TO BUY AI IMAGING FIRM CAPTION HEALTH IN SECOND
ACQUISITION
3. 82 MORE DEATHS LINKED TO PHILIPS’ RECALLED DEVICES REPORTED TO FDA, BRINGING
TOTAL TO 346
4. THERMO FISHER CUTS ADDITIONAL 230 JOBS IN CALIFORNIA
5. Opinion
PATENT TROLLS’ DESTRUCTIVE LAWSUITS ARE CURBING US MEDTECH INNOVATION
THE LATEST
*
* Flickr, Michael Dorausch
GLOBUS AGREES TO BUY NUVASIVE IN STOCK DEAL VALUED AT $3.1B, BOOSTING SPINE
BUSINESS
The two firms expect their combined salesforce and shared operational
strengths will better fend off competition.
Updated 23 hours ago
M&A
* Courtesy of Cardiovascular Systems Inc.
ABBOTT TO PAY $890M TO ACQUIRE CSI, GAINING ATHERECTOMY DEVICE
The deal expands Abbott’s vascular device lineup and access to
additional products in development.
Medical Devices
* pcess609 via Getty Images
ABBOTT BALLOON DEVICE PARTNER SURMODICS CUTS JOBS AFTER FDA APPROVAL DELAY
The workforce reduction, one of a growing number in the medtech sector, comes
after the agency requested more data in a premarket review of the company’s
device to treat narrowed leg arteries.
Medical Devices
* Zhanna Hapanovich via Getty Images
MEDTECH CDMO SECTOR POISED FOR M&A REBOUND IN 2023 AMID ‘ATTRACTIVE’ TARGETS:
REPORT
Manufacturers that serve other industries are expected to move into medtech
through mergers and acquisitions, driving up deal volumes.
Medical Devices
*
* Courtesy of Johnson & Johnson
J&J, MEDTRONIC, BOSTON SCIENTIFIC GIRD FOR BATTLE OVER US CARDIAC ABLATION
MARKET WITH NEW TRIALS
Medtech firms are sharing clinical trial results on pulse ablation devices,
which they claim are safer and more effective at halting arrhythmias than
current methods.
Clinical Trials
* Courtesy of Illumina
ILLUMINA POSTS SALES SLUMP IN Q4, BETS ON NEW SEQUENCING MACHINE TO DRIVE
2023 GROWTH
Management is looking to the newly launched NovaSeq X system to help
return the company to profitability this year.
Diagnostics
* Pijitra Phomkham via Getty Images
TRADE GROUP PUSHES BACK ON FDA’S CLINICAL DECISION SUPPORT GUIDANCE
The Clinical Decision Support Coalition is asking the agency to rescind its
guidance and propose new rules that change how software tools are regulated
as medical devices.
Medical Devices
* nay via Getty Images
ONSHORING, EASING LABOR MARKET EXPECTED TO DRIVE DOUBLE-DIGIT GROWTH AT US
MEDTECH CDMOS
The report identifies revised rules on ethylene oxide as a trend to watch,
noting that new requirements for sterilization could “[clear] the way for
structural changes in the industry.”
Medical Devices
*
* Courtesy of GuardantHealth
DIAGNOSTIC FIRMS TURN TO RESTRUCTURING IN BID TO PRESERVE CASH: GOLDMAN
The moves could lead to underfunding, delay or cancellation of research and
development projects, the analysts say.
Diagnostics
* Christopher Furlong via Getty Images
UK HEALTH SYSTEM, UNDER STRAIN, LAYS OUT MEDTECH STRATEGY
The state-run National Health Service, now facing a strike by nurses and
paramedics, hopes new technologies will help solve some of its long-term
challenges to improve patient care.
Medical Devices
* Courtesy of Bayer
BAYER PARTNERS WITH HUMA TO CREATE ONLINE TOOL FOR ASSESSING CARDIOVASCULAR
RISK FACTORS
The algorithm uses a large-scale biomedical database to predict whether a
person is at higher, average or lower risk of developing heart disease over
the next 10 years.
Digital Health
* JaysonPhotography via Getty Images
MEDTECH EARNINGS HIGHLIGHTS: EASING OF MACRO PRESSURES, ACCELERATED GROWTH IN
2023
Still, the latest round of quarterly results show that hospital staffing and
supply chain remain a challenge.
Medical Devices
* Permission granted by Abbott Laboratories
ABBOTT DEVICE APPROVAL SETS UP BATTLE WITH MEDTRONIC, NEVRO FOR DIABETIC
PERIPHERAL NEUROPATHY TREATMENT
Three firms are bringing their devices to a $3 billion to $5 billion market,
aiming to relieve a painful side effect of diabetes.
Medical Devices
* Ian Waldie via Getty Images
SENSOR-LOADED, $1 SMART GLOVE BEING TESTED TO REDUCE STILLBIRTHS, MATERNAL
DEATHS
The researchers plan to run clinical trials to show if the device can provide
an early warning system for physical impediments to birth.
Digital Health
* Courtesy of Medtronic
Q&A
FRIDAY Q&A: MEDTRONIC’S CHAN TALKS PATIENT MONITORING SPINOFF, RISE OF HOME
CARE
As more patients are moved out of expensive hospital beds, Medtronic sees a
growing market for remote care in homes and long-term care facilities.
Diagnostics
* Courtesy of Invacare
INVACARE FILES FOR CHAPTER 11 BANKRUPTCY PROTECTION AMID SUPPLY CHAIN WOES
The wheelchair maker said it has reached a restructuring agreement with most
of its debt holders and that demand for its products remains strong.
Updated Feb. 3, 2023
Legal
* Courtesy of Quest Diagnostics
QUEST CUTS 2023 COVID TESTS FORECAST AMID CONTINUED SLUMP IN DEMAND; Q4
PROFIT PLUNGES
The company performed 1.2 million molecular tests in the fourth quarter, down
from 1.9 million in the third quarter and 5.4 million one year ago.
COVID-19
* Retrieved from Siemsens Website on July 01, 2022
SIEMENS HEALTHINEERS FORECASTS REVENUE GROWTH TO ACCELERATE DESPITE SUPPLY
CHAIN WOES
Lower diagnostics revenue hurt sales in the three months ended Dec. 31.
Medical Devices
* Permission granted by Becton Dickinson
BD RAISES FULL-YEAR FORECAST, SEES Q1 STRENGTH IN PHARMACY AUTOMATION,
PRE-FILLABLES
The company’s base businesses helped cushion the impact of declining COVID-19
testing demand.
Medical Devices
* Boston Scientific
BOSTON SCIENTIFIC GETS Q4 BOOST FROM HEART, UROLOGY SALES
Following a series of significant acquisitions, the company said it expects
net sales growth of about 5% to 7% in full-year 2023.
Medical Devices
* ChooChin via Getty Images
STRYKER EXPECTS 2023 GROWTH DESPITE 15% DIP IN Q4 NET INCOME
CEO Kevin Lobo said he expects new product launches and device orders will
offset continued “macroeconomic volatility.”
Medical Devices
* Edwards Lifesciences
EDWARDS POSTS Q4 PROFIT, REAFFIRMS 2023 OUTLOOK AS PATIENTS RETURN
The heart valve specialist said it is optimistic that the healthcare
environment will gradually improve this year.
Medical Devices
* Nick Jio/Unsplash
CFO SURVEY HINTS AT FUNDING SHIFT FROM ROBOTS TO WEARABLES
The poll from accounting firm BDO found the cost and regulatory hurdles of
developing robotics devices are often too high, and lower-cost,
less-regulated wearables offer better returns.
Digital Health
* Gorodenkoff via Getty Images
Medtech trends in 2023
MEDTECH M&A OUTLOOK FOR 2023: SPINOFFS, CHINA EXITS, AI OPPORTUNITIES POISED
TO SPUR DEAL REBOUND
Companies flush with cash are looking for good investments and innovative
products that can reduce procedure costs, industry observers say.
Digital Health
* iStock via Getty Images
VORTEX ULTRASOUND ACCELERATES BRAIN BLOOD CLOT CLEARANCE IN EARLY STAGE TESTS
When the ultrasound was formed into a vortex, it cleared more blood clots
more quickly than other methods, opening a potential pathway for treatment
of cerebral venous sinus thrombosis.
Medical Devices
More stories
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MOST POPULAR
1. Globus agrees to buy NuVasive in stock deal valued at $3.1B, boosting spine
business
2. Abbott to pay $890M to acquire CSI, gaining atherectomy device
3. J&J, Medtronic, Boston Scientific gird for battle over US cardiac ablation
market with new trials
4. Medtech CDMO sector poised for M&A rebound in 2023 amid ‘attractive’
targets: report
LIBRARY RESOURCES
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COMPANY ANNOUNCEMENTS
* illumino.co Publishes “25 MedTech Leading Voices to Follow on LinkedIn” From
illumino.co
* Fishawack Health welcomes Mario Muredda as its new President of Marketing
From Fishawack Health
View all | Post a press release
WHAT WE’RE READING
* STAT News Pregnancy complications heighten heart risks. Time to pay attention
* NPR Johns Hopkins University to shut down its COVID tracker
* Medical Device and Diagnostic Industry Here’s Why We Say GE HealthCare Has
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