Ortho revenue rebounds in Q1 even amid 'tough' start, labor shortages

Some companies posted sales in the period that matched or surpassed pre-pandemic levels.

By Elise Reuter • May 5, 2022

Biden should send 'clear' message to semiconductor industry on prioritizing medtech, AdvaMed says

The trade group said it's pushing for the prioritization of medtechs, transparency for future allocations to the industry, and actions to ensure the continuity of patient care in the U.S.

By Nick Paul Taylor • May 4, 2022

Explore the Trendline➔

Medical device industry continues to turn to AI

While the industry continues to embrace artificial intelligence, there are still questions about how the new technologies need to be regulated and if they are effective.

By MedTech Dive staff

Boston Scientific's Watchman FLX shows higher success rate than predecessor, boosting Abbott rivalry

Watchman FLX is associated with fewer major adverse events and higher rates of success than its predecessor, according to an analysis of registry data. The study builds on Boston Scientific's new rivalry with Abbott's Amulet device.

By Nick Paul Taylor • May 4, 2022

CDRH proposes requirement for Philips to submit recall plan for sleep-apnea, ventilator devices

The order would mean Philips would have to submit a plan to repair or replace the device or refund customers.

By Elise Reuter • May 3, 2022

Earnings week 2: Supply chain shortages slowed ResMed, other medtechs from meeting demand

Philips and ResMed were among several medtechs that listed supply chain shortages as a challenge in earnings calls.

By Elise Reuter • May 2, 2022

CDRH's Shuren expects center to return to normal this year despite ongoing COVID work

Jeff Shuren, the director of the FDA's Center for Devices and Radiological Health, also stressed the need for increased cybersecurity and supply chain funding and authority during an event on April 29.

By Ricky Zipp • May 2, 2022

GE Healthcare, Medtronic turn to outpatient care in new partnership

The companies agreed to a collaboration on ambulatory surgery centers and office-based labs as more procedures are shifting to outpatient care settings. 

By Elise Reuter • April 29, 2022

Medtronic, FDA warn providers of HVAD pump malfunctions nearly 1 year after pulled from market

Medtronic said in a letter to healthcare providers that three patients had pumps exchanged due to malfunctions; two of them died following the swap outs.

By Ricky Zipp • April 29, 2022

Medtronic's Covidien has another Class I recall for PB980 ventilators

The event adds to Medtronic’s ongoing product safety issues. In January, CEO Geoff Martha said addressing recalls and patient safety were a “top priority.”

By Ricky Zipp • April 28, 2022

Edwards sees boost in TAVR volumes; CEO says hospitals 'still recovering' from the pandemic

The company's U.S. sales for transcatheter aortic valve replacement devices increased by 10% year over year, estimating a similar jump in procedures.

By Elise Reuter • April 27, 2022

FDA comes under fire at Senate hearing for lack of MDUFA accountability, transparency

"The agency didn’t meet all its goals from the last time around. And now, the FDA wants double the money for mediocre performance improvements and, for certain devices, longer review times," said Sen. Richard Burr, R-N.C.

By Greg Slabodkin • April 27, 2022

Boston Scientific expects more stable 2022 as procedure volumes recover

CEO Michael Mahoney told investors during a first-quarter earnings call the medtech doesn't anticipate as volatile a year as 2021 as most regions are recovering from the pandemic.

By Ricky Zipp • April 27, 2022

GE Healthcare hit by supply chain constraints, inflation pressures

"We're operating in a challenging macro environment," GE CEO Larry Culp said during a first-quarter earnings call, while also noting COVID-19 lockdowns in China and lower sales volumes in Russia and Ukraine impacted results. 

By Greg Slabodkin • April 26, 2022

HHS inspector general rules physician-owned device company poses a low risk of fraud and abuse

Ropes & Gray, the law firm that represented the physicians in the advisory opinion process, said the ruling may benefit medical device innovators that have been shut out of hospitals because they have physician owners.

By Nick Paul Taylor • April 26, 2022

Philips commits more cash to recall as DOJ issues subpoena

The Dutch conglomerate said Monday that it is cooperating with an April 8 subpoena from the U.S. Department of Justice seeking information related to the Respironics recall of sleep apnea devices and ventilators.

By Nick Paul Taylor • April 25, 2022

Will early trends reported by J&J, Abbott and Intuitive hold in week 2 of earnings?

All three medtechs reported that procedure volumes returned later in the quarter following an omicron-pressured January, and Wall Street analysts say others are likely to report a similar trend.

By Ricky Zipp • April 25, 2022

Solving one of the biggest challenges in healthcare

The treatment pathway for autoimmune diseases is broken. Precision medicine can help.

April 25, 2022

Intuitive sees double-digit procedure growth, warns of slowing hospital placements

The surgical robotics company saw a 16% increase in procedure volumes in the U.S., but placements of its da Vinci robots came in below consensus expectations. 

By Elise Reuter • April 22, 2022

Globus Medical CEO resigns in 'surprise' move; stock slips roughly 13%

Dave Demski is stepping down effective immediately after spending nearly 20 years with the company and over four as the CEO. BTIG analysts called the move a surprise, writing that investors will likely be asking, "why now?"

By Ricky Zipp • April 22, 2022

Medtech survey finds widespread cybersecurity noncompliance despite rising investment

Over 80% of respondents see device security as a competitive advantage and almost every company budgeted more money for it this year. However, 80% view the issue as a "necessary evil" imposed by regulators.

By Nick Paul Taylor • April 21, 2022

Persistent procedure backlogs point to boost for Stryker and Zimmer: analysts

The findings are in line with recent comments from Abbott Laboratories and Johnson & Johnson executives, who reported a rise in procedure volumes as the impact of omicron waned during the first quarter.

By Nick Paul Taylor • April 21, 2022

Abbott reports $900M Q1 revenue beat on COVID-19 test demand

The company's 2022 guidance now includes testing sales of about $4.5 billion, versus $2.5 billion previously, which it anticipates will largely occur in the first half of the year.

By Greg Slabodkin • April 20, 2022

Advocacy groups support patient engagement in MDUFA V, raise concerns about device safety

Patient groups are largely supportive of the new agreement, which the FDA will finalize and send to Congress. However, some have raised concerns that the deal is too focused on industry’s interests.

By Elise Reuter • April 20, 2022

Philips investigates reports of 1 death, 4 injuries potentially tied to ventilator recall

"We take these events very seriously and they are still under investigation, so we cannot provide an update yet," a company spokesperson said in an emailed statement.

By Nick Paul Taylor • Updated April 22, 2022

J&J saw 'positive signs' of recovery for medtech, but impact from China surge expected in April, May

Johnson & Johnson's rebound for devices in the second half of 2021 was fueled primarily by international markets. However, that trend did not hold in the first quarter as the U.S. market bounced back, particularly for orthopaedics.

By Ricky Zipp • April 19, 2022