Bioventus Delays IPO

Posted in Medical Device by Medtech[y] Staff

July 29, 2016 • 1 min read

Bioventus, a global leader in orthobiologics, postponed their IPO on Friday.The Durham, NC based company filed for their initial public offering in early July hoping to raise $150 million by offering 8.8 million shares at a price range of $16 to $18....

Novadaq Reports Q2 Loss

Posted in Medical Device by Medtech[y] Staff

July 29, 2016 • 2 min read

Novadaq Technologies (Nasdaq: NVDQ) reported a loss of $16.5 million in its second quarter with revenue of $20.1 million, an increase of 34% from $15.1 million in the second quarter of 2015. The Mississauga, Ontario-based company said it had a $0.29 loss ...

Smith & Nephew Earnings Disappoint

Posted in Medical Device by Medtech[y] Staff

July 28, 2016 • 4 min read

Smith & Nephew plc (NYSE:SNN) reported disappointing second quarter earnings, with net profit falling 18% compared to the same quarter last year. The London, England based company grew Q2 sales 2%, with revenue coming in at $1.191 billion....

Boston Scientific Buys Cosman Medical

Posted in Medical Device by Medtech[y] Staff

July 27, 2016 • 2 min read

Boston Scientific announced the acquisition of the privately-held Cosman Medical, Inc., manufacturer of radiofrequency ablation (RFA) systems. The Cosman Medical team will become part of the Boston Scientific Neuromodulation business. Terms of the...

Stryker Tops Q2 Earnings Expectations

Posted in Medical Device by Medtech[y] Staff

July 22, 2016 • 1 min read

Stryker ($SYK) was off 5% in early trading after beating both top and bottom line expectations, but coming up with a soft Q3 view. The Kalamazoo based Stryker increased Q2 revenue $16.8% by posting net sales of $2.8 billion. Net sales from recent...