• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

Drug Delivery Business

  • Clinical Trials
  • Research & Development
  • Drug-Device Combinations
  • FDA
  • Pharmaceuticals
  • Policy

3M

Insulet CFO departs for same post at 3M’s Health Care spinoff

October 3, 2023 By Sean Whooley

Insulet 3M Health Care Wayde McMillan 2019

Insulet (Nasdaq:PODD) announced today that Wayde McMillan decided to leave his role as EVP, CFO and treasurer. McMillan’s departure goes into effect on Oct. 20, 2023. He intends to join 3M as CFO of its Health Care business, which the company expects to spin off late this year or early next year. President and CEO […]

Filed Under: Business/Financial News, Diabetes, Drug-Device Combinations, Featured, Personnel, Technology Tagged With: 3M, Insulet, Personnel Moves

Biden’s COVID-19 response will make manufacturers busy

January 21, 2021 By Nancy Crotti

Manufacturers of vaccine supplies and personal protective equipment can expect more work as the new Biden administration rolls out its plans to combat the COVID-19 pandemic. In one of his first official acts as president, Joe Biden announced a plan to “fully use” the Defense Production Act to ramp up production of testing supplies, masks, […]

Filed Under: Business/Financial News, Distribution, Drug-Device Combinations, Featured, Pharmaceuticals Tagged With: 3M, AdvaMed, Becton Dickinson, coronavirus, COVID-19, Defense Production Act, medical device manufacturers association (MDMA), vaccines

3M lays off another 1,700 workers, many related to former drug delivery business

August 7, 2020 By Chris Newmarker

3M (NYSE:MMM) laid off another 1,700 workers during its second-quarter — with many of the jobs related to the company’s divested drug delivery business. The layoff — announced as part of an SEC filing on July 28 — comes after the Maplewood, Minn.–based manufacturing conglomerate said early this year that it would lay off 1,500 workers — though […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured Tagged With: 3M, 3M Drug Delivery Systems, Altaris Capital Partners

Kindeva Drug Delivery launches as independent company from 3M

May 4, 2020 By Danielle Kirsh

kindeva-drug-delivery

Kindeva Drug Delivery recently announced that it launched as an independent company, shedding its former 3M Drug Delivery Systems name. The formation of the independent company follows its acquisition by Altaris Capital Partners in a transaction that was worth $650 million. Through the acquisition, 3M will hold a 17% minority interest in Kindeva with Altaris. […]

Filed Under: Business/Financial News, Drug-Device Combinations, Mergers & Acquisitions Tagged With: 3M, 3M Drug Delivery Systems, Kindeva Drug Delivery

3M to sell drug-delivery biz to Altaris Capital Partners for $650m

December 12, 2019 By Sean Whooley

3M (NYSE:MMM) announced today that it entered into an agreement to sell most of its drug-delivery business to an affiliate of Altaris Capital Partners for approximately $650 million. St. Paul, Minn.-based 3M will retain its transdermal drug delivery components business, according to a news release. The business being divested has annual global sales reaching approximately […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Mergers & Acquisitions Tagged With: 3M

Report: 3M may sell off its drug-delivery business for $1 billion

December 9, 2019 By Nancy Crotti

3M (NYSE:MMM)may try to sell off its drug-delivery business in a deal that could fetch $1 billion, according to a report by Bloomberg. The drug delivery division makes transdermal drug patches, microneedle delivery systems, nasal devices, oral inhalers and packaging films for drug delivery. 3M is also developing a smart inhaler and is looking for […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: 3M, Acelity

Drug delivery biz fuels healthcare segment growth for 3M

October 24, 2017 By Brad Perriello

Sales and operating profits for the healthcare business at 3M Cos. (NYSE:MMM) rose during the third quarter, helping the industrial conglomerate top the consensus sales and earnings forecasts and sending share prices up today on Wall Street. 3M Health Care’s operating profits rose 9.3% to $471 million for the three months ended Sept. 30, compared […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: 3M

10 of the world’s largest medical device companies

September 19, 2017 By Chris Newmarker

Big-100-MD

When it comes to the largest medical device companies, it’s a changing cast of players – as demonstrated once again in Medical Design & Outsourcing’s latest Big 100 list. We pulled financial regulatory filings and reached out major companies to create a list of the 100 largest medical device companies in the world, ranked by […]

Filed Under: Big Data Tagged With: 3M, abbott, Alcon, bbraun, bbraunmedical, Big 100, Novartis, olympus, zimmerbiomet

Medtech stories we missed this week: June 9, 2017

June 9, 2017 By Danielle Kirsh

missed medtech

From 3M’s expanded 510(k) clearance for its Tegaderm dressing to Medtronic and Acacia burying the hatchet, here are 7 medtech stories we missed this week but thought were still worth mentioning. 1. InspireMD inks Taiwanese distro deal for CGuard InspireMD announced in a June 8 press release that it has signed a distribution deal with […]

Filed Under: Business/Financial News, Clinical Trials, Featured, Food & Drug Administration (FDA), Regulatory/Compliance, Research & Development Tagged With: 3M, Acacia Research Corp., Active Implants, Advanced Cooling Therapy, Attune Medical, Exactech Inc., HLT, InspireMD, medtech, Medtronic

3M posts Street-beating Q1 results, updates full-year guidance

April 25, 2017 By Sarah Faulkner

Shares in 3M (NYSE:MMM) rose today after the company met expectations on Wall Street with its 1st quarter results. The St. Paul, Minn.-based company posted profits of $1.32 billion, or $2.16 per share, on sales of $7.69 billion for the 3 months ended March 31, for bottom-line growth of 3.1% on sales growth of 3.8% compared with […]

Filed Under: Featured, MassDevice Earnings Roundup, Pharmaceuticals Tagged With: 3M

Primary Sidebar

“ddb
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest news and trends happening now in drug delivery.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.

Footer

Drug Delivery Business News Logo

MassDevice Medical NETWORK

MassDevice
DeviceTalks
Medical Tubing + Extrusion
Medical Design & Outsourcing
MedTech100 Index
Drug Discovery & Development
Pharmaceutical Processing World
Medical Design Sourcing
R&D World

DRUG DELIVERY BUSINESS NEWS

Subscribe to Drug Delivery’s E-Newsletter
Advertise with us
About
Contact us
Privacy
Listen to our Weekly Podcasts

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy | RSS