COVID-19: Page 18
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Courtesy of Quest Diagnostics
Quest eyes $2B DTC testing potential to capitalize on 'breakout' consumer growth
The lab giant's next move is to start selling an $89 at-home fecal test, targeting the colorectal cancer screening market led by Exact Sciences' Cologuard.
By Nick Paul Taylor • March 12, 2021 -
Permission granted by Quidel Corporation
Quidel says COVID-19 test demand is plunging. Wall Street is underwhelmed.
CEO Doug Bryant said demand plummeted between 30% and 40% in February and March compared to the fourth quarter, sending shares down 17% on Wednesday.
By Greg Slabodkin • March 11, 2021 -
GE Healthcare predicts growth, hike in digital investment as pandemic eases
"We are seeing procedure volumes increasing, contributing to the rebound of our pharmaceutical diagnostics business and we see sequential market growth in imaging and ultrasound," CEO Kieran Murphy said during an investor event.
By Nick Paul Taylor • March 11, 2021 -
National Institute of Allergy and Infectious Diseases. (2020). "Novel Coronavirus SARS-CoV-2" [Micrograph]. Retrieved from Flickr.
Thermo Fisher, PerkinElmer broaden COVID-19 mutation tracking products
The companies will sell PCR assays to labs to enable surveillance, coming amid warnings that the U.S. is "flying blind" when it comes to tracking rapidly emerging SARS-CoV-2 variants.
By Greg Slabodkin • March 10, 2021 -
Courtesy of BD/PRNewswire
BD, Abbott using apps to ease COVID-19 antigen test data bottlenecks
Both companies are using apps to capture and store testing data with public health agencies. The U.S. government has invested hundreds of millions of dollars to increase antigen testing, but data sharing hurdles remain.
By Nick Paul Taylor • March 10, 2021 -
EU remote audits under MDR in doubt as divergent national positions persist
Team-NB pulled a proposal unveiled in February amid sustained resistance. A Commission medical device group met last week but has yet to disclose a solution.
By Nick Paul Taylor • March 10, 2021 -
Intersect touts CMS coverage changes as boon for patient, physician access
The agency published an average selling price for Intersect's corticosteroid-eluting sinus implant treatment for nasal polyps, which "should help clarify payment and ease payor coverage adjudication," SVB Leerink analysts wrote.
By Nick Paul Taylor • March 9, 2021 -
Courtesy of Abbott
Abbott capitalizes on digital health boom with virtual clinic for neuromodulation therapy
The FDA-approved virtual clinic is the medtech giant's next step to gain share in the neurmod market from rivals Medtronic, Boston Scientific and Nevro.
By Nick Paul Taylor • March 9, 2021 -
Coronavirus relief bill with rural hospital aid, over $47B for testing passes Senate
The nearly $2 trillion bill includes $47.8 billion to boost COVID-19 testing and contact tracing efforts, including supporting the development, manufacturing and administering of tests.
By Shannon Muchmore • March 8, 2021 -
FDA grants first EUA to at-home OTC molecular test for COVID-19
Cue Health received the emergency authorization and expects to be able to produce more than 100,000 tests a day by the summer, as the agency continues to prioritize more at-home testing options.
By Nick Paul Taylor • March 8, 2021 -
Insulin pump adoption seen climbing 21% in 2021 on wearables boom: survey
The SVB Leerink poll of 101 endocrinologists and nurse practitioners also projects a shift in market position among top players like Medtronic, Insulet and Tandem Diabetes Care.
By Ricky Zipp • March 5, 2021 -
Warchests, distressed assets drive medtech M&A flurry early in 2021
The industry is averaging more than one $100 million-plus takeover a week, as the influx of COVID-19 test revenues and pressures on companies reliant on surgical procedures create buying opportunities.
By Nick Paul Taylor • March 5, 2021 -
Retrieved from C-SPAN on February 24, 2021
Becerra's HHS secretary bid moves forward on tie committee vote
White House press secretary Jen Psaki said Wednesday the president remained "confidently behind the nomination" despite the close committee vote.
By Shannon Muchmore • Updated March 4, 2021 -
FDA lays out data modernization action plan
"Even small advances in our ability to gain useful insights from data can represent significant opportunities," Janet Woodcock and Amy Abernethy, respectively FDA's acting commissioner and acting CIO, wrote.
By Nick Paul Taylor • March 4, 2021 -
Jacob Bell/MedTech Dive
FDA clamps down on bogus device 'registration certificates' amid rising use during pandemic
The agency sent letters to 25 companies after identifying a boost in use of materials "deceptively indicating" it had assessed medical devices.
By Nick Paul Taylor • March 4, 2021 -
Boston Scientific puts up $1B in cash to buy Lumenis surgical line from private equity
Wall Street analysts generally applauded the deal, which will see the medtech leader acquiring a portfolio of laser systems with potential to reach fast-growing markets like China.
By Ricky Zipp • Updated March 4, 2021 -
Quidel, Eurofins get EUAs as at-home COVID-19 test market heats up
The companies join Abbott, Ellume and Lucira with FDA-authorized offerings. A Craig-Hallum analyst called the emergency use authorization "the first step in morphing at-home testing into a multi-billion-dollar market."
By Nick Paul Taylor • March 2, 2021 -
National Institute of Allergy and Infectious Diseases. (2020). "Novel Coronavirus SARS-CoV-2" [Micrograph]. Retrieved from Flickr.
CMS moves to stop COVID-19 testing denials, cost sharing in private plans
The trade group for Quest and LabCorp praised what it called "decisive action" by the Biden administration to close coverage gaps that have denied people access to tests.
By Nick Paul Taylor • March 1, 2021 -
Permission granted by Johnson & Johnson
J&J's single-dose coronavirus vaccine becomes third authorized in US
A CDC vaccine panel recommended use of the shot on Sunday following FDA authorization, and McKesson began shipping out doses to states Monday.
By Ned Pagliarulo • Updated March 1, 2021 -
Permission granted by iRhythm Technologies
iRhythm still faces reimbursement uncertainty after meetings with Medicare rate negotiator
CEO Michael Coyle said the cardiac monitoring company and other industry representatives met with a Medicare Administrative Contractor twice, but added that there are no assurances rates will come up.
By Ricky Zipp • Feb. 26, 2021 -
NuVasive buys Simplify Medical in play for $2.6B cervical spine market
The $150 million acquisition will add to the pandemic-related challenges for NuVasive in 2021, with investments to train surgeons and run clinical trials offsetting the low anticipated sales this year.
By Nick Paul Taylor • Feb. 26, 2021 -
Axonics adds incontinence device to portfolio in $200M Contura takeover
The targeted prescribers of Contura's urethral bulking agent are the same physicians who use Axonics' implantable sacral neuromodulation to treat urinary disorders. Analysts said the business logic seems sound.
By Nick Paul Taylor • Feb. 26, 2021 -
National Institute of Allergy and Infectious Diseases. (2020). "Novel Coronavirus SARS-CoV-2" [Image]. Retrieved from Flickr.
UK industry pushes for pre- and post-vaccination roles for COVID-19 antibody tests
The bid by Abingdon Health, CIGA Healthcare and Omega Diagnostics comes as Quest introduced a test to measure antibodies in the previously infected. Still, CDC does not recommend such testing to assess the need for vaccines.
By Nick Paul Taylor • Feb. 25, 2021 -
Diabetes wearables look resilient through 2021, bucking broad medtech trends
Dexcom, Tandem and Insulet pointed to targeting Type 2 patients and DTC as growth drivers in posting year-end results. One analyst gushed that "the golden age of diabetes care is still here."
By Ricky Zipp • Feb. 25, 2021 -
Nevro predicts resurgent pain implant sales in 2021 after slow start to the year
William Blair analysts said market growth is likely to remain challenging in the short run as CEO Keith Grossman argued the company was not losing share to rivals, which include Medtronic and Abbott.
By Nick Paul Taylor • Feb. 25, 2021
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