Earnings


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    Illumina cut 12% of global staff over past year: CEO

    The genomics company, which initiated a fresh round of layoffs last month, expects to finalize its Grail divestiture by the end of June, Jacob Thaysen said Thursday.

    By Feb. 9, 2024
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    Zimmer Biomet to cut about 540 jobs

    A spokesperson told MedTech Dive that the company will lay off about 3% of its workforce as part of a restructuring. 

    By Updated Feb. 8, 2024
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    Courtesy of Edwards Lifesciences
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    How Edwards’ Evoque valve won an early nod from the FDA

    The heart valve specialist has the chance to shape a new tricuspid market with the first-of-its-kind device, like it did 20 years ago in TAVR, CEO Bernard Zovighian said.

    By Feb. 7, 2024
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    Boston Scientific nets Farapulse approval, pushes back US TAVR launch

    The device maker disclosed it will start the highly anticipated launch of the AFib ablation device, but approval for its aortic valve replacement implant will have to wait. 

    By Jan. 31, 2024
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    JohnnyGreig via Getty Images
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    The top medtech trends in 2024

    Experts said M&A, orthopedic procedure backlogs and emerging cardiac markets were among the top trends to watch in the medical device industry this year.

    By MedTech Dive Staff • Jan. 31, 2024
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    Courtesy of Boston Scientific
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    What to watch for as Stryker, Boston Scientific and BD post earnings this week

    The next round of results follows reports from J&J, Abbott and Intuitive, all of which signaled a solid end to 2023.

    By Jan. 29, 2024
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    Robot reveal: Intuitive submits 510(k) for next-generation system

    The new surgical robot will have 10,000 times the processing power of the current da Vinci model, CEO Gary Guthart said on the company’s fourth-quarter earnings call.

    By Jan. 24, 2024
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    Abbott says all four segments stronger than pre-pandemic

    CEO Robert Ford said investing in its base business using COVID-19 testing revenues was “absolutely the right strategy.”

    By Jan. 24, 2024
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    3M on track to complete healthcare spinoff in first half of 2024

    The healthcare leadership team will share more details as the completion of the transaction approaches.

    By Jan. 24, 2024
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    J&J expects strong procedure volumes in 2024

    After reporting growth for its procedure-based units in the fourth quarter, J&J forecast surgery volumes to be above pre-pandemic levels this year.

    By Jan. 23, 2024
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    Mario Tama via Getty Images
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    3 bellwether companies to watch as medtech earnings season begins

    J&J, Intuitive Surgical and Abbott kick off this week with fourth-quarter reports.

    By Jan. 22, 2024
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    Intuitive CEO: Strong robot placements offset bariatric surgery slowdown

    Speaking at the J.P. Morgan Healthcare Conference, CEO Gary Guthart said the robotics company is also seeing strong growth in general surgeries.

    By Jan. 11, 2024
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    Masimo’s preliminary Q4 results, 2024 outlook exceed analyst expectations

    Analysts see the update as evidence Masimo may be rebounding after failing to meet their expectations earlier in the year.

    By Jan. 11, 2024
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    Courtesy of Boston Scientific
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    Deep Dive

    5 medtech trends to watch in 2024

    From the M&A outlook and tough year-over-year comparisons to emerging markets like pulsed field ablation, here are the top medical technology trends to watch this year.

    By Jan. 9, 2024
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    Courtesy of Edwards Lifesciences
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    Edwards to spin off its critical care business

    Edwards is the latest healthcare firm to spin off a business to focus on specific markets, following larger companies like Johnson & Johnson and GE.

    By Dec. 8, 2023
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    Roundup: Top medtech companies cut jobs in 2023

    Johnson & Johnson, Medtronic and Abbott were among the top companies to announce layoffs this year as the industry implemented cost-cutting measures.

    By Nov. 27, 2023
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    Courtesy of Medtronic
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    Medtronic CEO downplays the impact of obesity drugs on bariatric surgeries, diabetes unit

    The company is the latest medtech to address concerns about how weight loss drugs may impact growth.

    By Nov. 21, 2023
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    Q3 recap: Medtech firms grapple with layoffs, GLP-1s and China slowdown

    Despite these challenges, companies also flagged improvements in supply chain dynamics and pricing that could boost their earnings.

    By Updated Nov. 21, 2023
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    Courtesy of Grail
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    Illumina explores options for Grail, hires advisers

    The company, facing pressure from regulators to divest Grail, also formed a special committee to speed decisions on the fate of the liquid biopsy test maker.

    By Nov. 10, 2023
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    Acutus laying off 65% of employees to focus solely on Medtronic heart device deal

    The company has decided to exit the mapping and ablation business and focus its remaining cash on the Medtronic partnership.

    By Nov. 10, 2023
  • An operating room has a table surrounded by screens and several overhead lights, and a surgical robot that says "Mako"
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    4 takeaways from Stryker’s investor day

    The company’s expected return to pre-pandemic operating margins, procedure backlogs and weight loss drugs were among the topics discussed at Wednesday’s event.

    By Nov. 9, 2023
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    BD’s 2024 forecast comes in ‘well below’ Wall Street’s expectations

    Wall Street analysts called out BD’s disappointing 2024 EPS forecast in notes to investors, following a Thursday morning earnings call.

    By Nov. 9, 2023
  • Masimo W1 offers accurate, continuous health data and actionable health insights – from the leader in hospital pulse oximetry – in a personal, lifestyle-friendly watch. Building on Masimo’s decades of
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    Courtesy of Masimo
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    Masimo lowers outlook, citing constrained hospital budgets

    The patient monitoring company is also facing a slowdown in demand for the consumer audio products it acquired in a deal last year.

    By Nov. 8, 2023
  • Persons in physician garb standing around Siemens Cios Spin Endobronchial imaging machine
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    Retrieved from Siemsens Website on July 01, 2022
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    Siemens Healthineers’ Varian rebounds; execs mum on diagnostics sale rumors

    The company's diagnostics unit continued to struggle amid layoffs and reports of a potential sale.

    By Nov. 8, 2023
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    Zimmer Biomet’s Ivan Tornos sets priorities for first year as CEO

    Tornos, who took the helm in August, said the company will grow through internal innovation and M&A.

    By Nov. 7, 2023