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Chris Newmarker

ICU Medical’s Smiths Medical acquisition remains on track

November 19, 2021 By Chris Newmarker

ICU Medical Smiths Medical

ICU Medical (NASDAQ:ICUI) is a step closer to acquiring Smiths Medical after clearing a shareholders vote at Smiths’ British parent company, the Smiths Group. Almost all of the nearly 327 million Smiths Group shareholders voting on November 17 approved the $2.35 billion buy. Get the full story on our sister site Medical Tubing + Extrusion. 

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Hospital Care, Vascular Tagged With: ICU Medical, Smiths Medical

BD handily beats The Street in Q2 — but notes some delta variant effects

August 5, 2021 By Chris Newmarker

This is the logo of BD.

BD (NYSE: BDX) posted second-quarter results today that beat the consensus forecast on Wall Street, increasing its full-year guidance. The medtech giant, however, also acknowledged that it’s seeing the COVID-19 delta variant impact elective procedure volumes in some U.S. states. Get the full story on our sister site MassDevice. 

Filed Under: Business/Financial News, Drug-Device Combinations, Featured Tagged With: BD

Pharma 50: Here’s how the world’s largest pharma companies are doing

May 12, 2021 By Chris Newmarker

Pharma 50 50 largest pharma companies pharmaceutical

The global pharmaceutical industry held up well during the pandemic, with 10 of the largest businesses only seeing a roughly –3% drop in revenue in 2020. Eight of the 10 even came out ahead. That’s one of the big takeaways from our sister publication Drug Discovery & Development’s inaugural Pharma 50, a compilation of data […]

Filed Under: Featured, Pharmaceuticals Tagged With: AstraZeneca plc, Gilead Sciences, GlaxoSmithKline plc, Janssen Pharmaceuticals, Johnson & Johnson, Merck, Novartis, Pfizer Inc., Pharma 50, Roche, sanofi, Sinopharm

BD to spin off its diabetes business, Q2 earnings beat The Street

May 6, 2021 By Chris Newmarker

This is the logo of BD.

BD (NYSE: BDX) announced today that it will spin off its Diabetes Care business as an independent, publicly traded company during the first half of 2022. The Diabetes Care business saw $1.1 billion in sales during BD’s fiscal year ended Sept. 30, 2020, nearly half outside the U.S. The business manufactures roughly 8 billion injection […]

Filed Under: Business/Financial News, Diabetes, Featured Tagged With: BD, Becton Dickinson

BrightInsight raises $101M for its pre-built digital health platform

March 30, 2021 By Chris Newmarker

BrightInsight

BrightInsight announced today that it’s raised $101 million in a Series C round led by VC firm General Catalyst. The money will go toward more hiring and further accelerating the work BrightInsight is conducting with customers to support their digital health product launches. The San Jose, Calif.–based company offers a turnkey digital health platform for […]

Filed Under: Contract Services, Featured, Funding Roundup, mHealth (Mobile Health), Patient Monitoring, Research & Development Tagged With: BrightInsight, General Catalyst

Dexcom promotes Jereme Sylvain to CFO

March 23, 2021 By Chris Newmarker

Dexcom updated logo

Dexcom (NASDAQ: DXCM) announced today that it has promoted Jereme Sylvain to become a new EVP and CFO at the continuous glucose monitoring company. Sylvain — who joined Dexcom in 2018 and was most recently SVP of finance and chief accounting officer — will report to COO Quentin Blackford. Previously, Blackford had been serving as […]

Filed Under: Business/Financial News, Diabetes, Featured, Personnel Tagged With: CGM, continuous glucose monitor, Dexcom, Personnel Moves

Vertex Pharmaceuticals wins FDA fast track designation for its cell-based diabetes treatment

March 10, 2021 By Chris Newmarker

Vertex Pharmaceuticals

Vertex Pharmaceuticals (Nasdaq: VRTX) announced today that FDA has granted fast track designation for its VX-880, an investigational human stem cell-derived islet cell therapy for type 1 diabetes. Vertex has begun a clinical trial for VX-880 (formerly known as STx-02) in patients with type 1 diabetes (T1D) with severe hypoglycemia and impaired hypoglycemic awareness. “Ours […]

Filed Under: Clinical Trials, Diabetes, Featured, Pharmaceuticals Tagged With: Vertex Pharmaceuticals

Baxter to make Moderna COVID-19 vaccine in US

March 9, 2021 By Chris Newmarker

Baxter Moderna

Baxter announced that its Baxter BioPharma Solutions business will make Moderna‘s COVID-19 vaccine at its fill/finish sterile manufacturing facilities in Bloomington, Ind. The plan — announced yesterday — is for Baxter to make 60–90 million doses of the Moderna vaccine in 2021. “We have seen a remarkable demonstration of scientific and health care expertise in […]

Filed Under: Contract Services, Featured Tagged With: Baxter, coronavirus, COVID-19, Moderna

Boston Scientific to expand its Maple Grove, Minn. campus

March 8, 2021 By Chris Newmarker

Boston Scientific Maple Grove

Boston Scientific (NYSE:BSX) is planning a fourth building at its Maple, Grove, Minn. campus to support expanded nitinol stent manufacturing. The Maple Grove Planning Commission is scheduled to review project plans tonight for the roughly 76,000 ft2 building. “This new building will allow for movement of some production currently taking place in existing buildings on that campus, […]

Filed Under: Business/Financial News, Featured, Stents Tagged With: Boston Scientific, Minnesota

Dexcom Q4 earnings miss by a penny — but revenue up 23%

February 12, 2021 By Chris Newmarker

Dexcom updated logo

Dexcom (NSDQ:DXCM) reported mixed Q4 2020 results and reiterated a fiscal year 2021 revenue guidance that is slightly below Wall Street projections. The San Diego–based continuous glucose monitor company yesterday evening reported profits of $355.2 million, or $3.48 per share, on sales of $568.9 million for the three months ended Dec. 31, 2020, nearly quadrupling the […]

Filed Under: Business/Financial News, Diabetes, Featured Tagged With: CGM, Dexcom, DexCom Inc., Diabetes

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