Fortive Acquires JNJ's ASP for $2.7B

Posted in Medical Device

June 06, 2018 • 3 min read

The rumors have been out there for months that Johnson & Johnson was looking to offload Advanced Sterilization Products (ASP), and today, they went ahead and announced a deal to sell the company for Fortive Corporation for $2.7B....

Medtronic Investor Day Broken Down

Posted in Medical Device

June 06, 2018 • 5 min read

There was mixed reaction to Medtronic's Investor Day with the stock falling 1% after their presentation, but was also met with some bullish sentiment from Jim Cramer. In addition to highlighting Medtronic's future technology, Medtronic CEO, Omar Ishrak, provided specific goals and outlined the company's long-range financial targets, with its primary focus on driving operating leverage and improving its free cash flow conversion. Specifically, to drive sustainable growth and return, the compa...

Medical Device Recalls Highest Since 2005

Posted in Medical Device

May 31, 2018 • 3 min read

A new report showed that there were more medical devices recalled in the first quarter of 2018 than at any time since 2005. The same report also showed that prescription drugs recalls increased. ...

Intuitive Surgical Going Direct in India

Posted in Medical Device,

May 30, 2018 • 2 min read

For the last seven years, Intuitive Surgical has been working with Vattikuti Technologies Pvt. Ltd. as their distributor in India. Today, the company announced they are going direct in the country, with more than 60 former Vattikuti employees becoming a part of Intuitive India’s business....

Investigators found no significant difference between MDT's drug-eluting stent, BSX's DES & Biotroniks' DES regarding the rates of target vessel failure after two years.

Posted in Medical Device

May 25, 2018