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These Analysts Boost Their Forecasts On Abbott Laboratories After Better-Than-Expected Earnings
Benzinga· 2025-04-17 15:11
Core Viewpoint - Abbott Laboratories reported better-than-expected first-quarter adjusted EPS results, showcasing strong sales growth and effective management strategies [1][2]. Financial Performance - First-quarter sales reached $10.36 billion, reflecting a year-over-year increase of 7.2%, nearly matching the consensus estimate of $10.40 billion [1]. - Adjusted EPS for the first quarter was $1.09, surpassing the consensus of $1.07 and management's guidance of $1.05-$1.09 [1]. Future Outlook - For the second quarter of 2025, Abbott Laboratories anticipates adjusted EPS in the range of $1.23-$1.27, compared to the consensus estimate of $1.25 [2]. - Following the earnings announcement, Abbott's shares increased by 0.9%, trading at $130.81 [2]. Analyst Ratings and Price Targets - Jefferies analyst Matthew Taylor maintained a Hold rating and raised the price target from $135 to $137 [7]. - Stifel analyst Rick Wise maintained a Buy rating and increased the price target from $135 to $145 [7]. - Barclays analyst Matt Miksic maintained an Overweight rating and raised the price target from $158 to $159 [7].
Daxor Corporation to Showcase Innovative Blood Volume Analysis at MedAxiom Cardiovascular Transforum Spring 2025
Newsfilter· 2025-04-17 12:00
Core Insights - WellStar Health System's Advanced Heart Failure program has successfully reduced acute kidney injury rates following left ventricular assist device implantation through a blood volume analysis (BVA) approach [2] - Daxor Corporation will showcase its BVA technology at the MedAxiom CV Transforum Spring'25 Conference, emphasizing its role in improving patient outcomes [1][3] - BVA-guided care has demonstrated significant improvements in patient outcomes, including an 82% reduction in 30-day mortality, an 86% reduction in 1-year mortality, a 56% reduction in 30-day readmissions, and a 55% reduction in length of stay when implemented at admission [4] Company Overview - Daxor Corporation is a leader in blood volume measurement technology, known for its BVA-100® (Blood Volume Analyzer), which is FDA-cleared for accurate quantification of blood volume status [5] - Over 65,000 BVA tests have been conducted in leading U.S. hospitals, contributing to improved performance metrics in various medical conditions, particularly in heart failure and critical care [5] - Daxor is involved in ongoing trials for heart failure treatment with support from the NIH and is developing analyzers for combat casualty care in collaboration with the U.S. Department of Defense [5] Industry Context - MedAxiom serves as a premier source for organizational performance solutions in the cardiovascular community, aiming to enhance outcomes, reduce costs, and improve patient and clinician experiences [6] - The MedAxiom CV Transforum conference brings together cardiovascular thought leaders and industry innovators to advance cardiovascular care [1][6]
Enovis to Host First Quarter 2025 Results Conference Call on May 8th
Newsfilter· 2025-04-17 11:00
Core Viewpoint - Enovis Corporation will host an investor conference call and live webcast to discuss its first quarter 2025 financial results on May 8, 2025, at 8:30 a.m. Eastern Time, with an earnings press release issued earlier that morning [1]. Group 1: Conference Call/Webcast Information - Investors can access the live webcast via a link on the Enovis website, and those participating in the call can dial (833) 335-0887 using Access Code: 482081 [2]. - A replay of the call will be available on the Enovis website later that day [2]. Group 2: About Enovis - Enovis Corporation is an innovation-driven medical technology growth company focused on developing clinically differentiated solutions that improve patient outcomes and transform workflows [3]. - The company offers a wide range of products, services, and integrated technologies aimed at supporting active lifestyles in orthopedics and beyond [3]. - Enovis shares are listed on the New York Stock Exchange under the symbol ENOV [3]. Group 3: Availability of Information - Enovis routinely announces material information to investors through SEC filings, press releases, public conference calls, webcasts, and its Investor Relations website [4]. - The company encourages investors and the media to review the information shared on its Investor Relations website [4].
Vivos Therapeutics Signs Definitive Agreement to Acquire Largest Sleep Center Operator in Nevada
Newsfilter· 2025-04-16 12:30
Core Viewpoint - Vivos Therapeutics, Inc. is acquiring The Sleep Center of Nevada to expand its obstructive sleep apnea (OSA) treatment offerings in the Las Vegas area, enhancing its market position and patient access to its FDA-cleared oral appliance treatments [1][3][6]. Company Overview - Vivos Therapeutics, Inc. is a medical technology company focused on developing non-invasive treatments for OSA and related sleep disorders, with FDA-cleared devices for both adults and children [8][10]. - The Sleep Center of Nevada, founded in 2008, is the largest operator of medical sleep centers in Nevada, serving approximately 3,000 new patients monthly and generating high seven-figure annual revenues [4][8]. Acquisition Details - Vivos will pay up to $9 million for SCN's operating assets, including $6 million in cash and $1.5 million in Vivos common stock at closing, with an additional $1.5 million contingent on future financial milestones [5][6]. - The acquisition is expected to close later this quarter or in the third quarter, subject to customary conditions [2][5]. Strategic Implications - The acquisition aligns with Vivos' mission to provide accessible, clinically proven OSA treatments, leveraging SCN's infrastructure to enhance service offerings and patient acceptance [3][6]. - Vivos anticipates that SCN patients will prefer its treatment options over traditional CPAP devices, as evidenced by a previous strategic alliance where two-thirds of OSA patients chose Vivos treatments [6][7]. Market Context - OSA affects over 1 billion people globally, with a significant portion undiagnosed, indicating a substantial market opportunity for effective treatment alternatives [9]. - The acquisition is part of Vivos' broader strategy to create collaborations with key players in the sleep clinic sector, aiming to reach a larger patient volume and improve cash flow [7][9].
FDA Clears Ceribell's Clarity™ Algorithm for Pediatric Patients, Making Ceribell the First and Only FDA-Cleared AI Technology for Detection of Electrographic Seizures in Patients Ages 1 Year and Older
Newsfilter· 2025-04-15 12:00
Core Insights - Ceribell, Inc. has received FDA 510(k) clearance for its Ceribell Clarity™ algorithm, making it the first AI-powered point-of-care EEG system capable of detecting electrographic seizures in patients aged 1 and older [1][2][3] - The Clarity algorithm is designed to provide comprehensive seizure detection across the largest age range ever addressed by such technology, enhancing the capabilities of hospitals, particularly in emergency departments and ICUs [1][3] - The pediatric clearance was supported by EEG data from over 1,700 patients, marking it as the largest validation dataset for FDA clearance of a seizure detection system [1][3] Company Overview - Ceribell is a medical technology company focused on improving the diagnosis and management of serious neurological conditions through its innovative EEG platform [6] - The Ceribell System combines portable hardware with AI-powered algorithms to enable rapid diagnosis and continuous monitoring of neurological conditions, currently utilized in intensive care units and emergency rooms across the U.S. [6] Industry Impact - The FDA clearance is expected to significantly impact the lives of critically ill children, who are at high risk for preventable brain injury due to seizures [3] - Non-convulsive seizures, which can only be detected through EEG, require prompt identification and treatment to prevent brain injury, highlighting the importance of rapid EEG access [3]
InMode to Report First Quarter 2025 Financial Results and Hold Conference Call on April 28, 2025, Expects Q1 Revenue Between $77.2M-$77.5M, Reiterates FY 2025 Revenue Guidance Between $395M-$405M
Prnewswire· 2025-04-14 11:00
Core Viewpoint - InMode Ltd. is set to release its financial results for the first quarter of 2025 on April 28, 2025, with preliminary revenue expectations ranging from $77.2 million to $77.5 million and a projected non-GAAP gross margin of 78% to 79% [6][2]. Financial Results - The company anticipates first quarter 2025 revenue to be between $77.2 million and $77.5 million [6]. - The projected non-GAAP gross margin for the same period is expected to be in the range of 78% to 79% [6]. - For the full year 2025, InMode expects revenue to be between $395 million and $405 million [6]. Conference Call Details - A conference call to discuss the first quarter 2025 financial results will take place on April 28, 2025, at 8:30 a.m. Eastern Daylight Time [3]. - Key management personnel, including the CEO, CFO, and CTO, will present during the call [3]. - Participants are encouraged to pre-register for the call to receive unique dial-in information [4]. Company Overview - InMode is recognized as a leading global provider of innovative medical technologies, focusing on devices that utilize novel radio frequency technology [6][7]. - The company aims to enhance surgical procedures and improve existing treatments across various medical fields, including plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology [6][7].
BD Seeks Potential Buyers for Life Sciences Business Division
ZACKS· 2025-04-08 11:50
Core Viewpoint - Becton, Dickinson and Company (BDX) is considering divesting its Life Sciences division to focus on becoming a pure-play medtech company, with discussions already initiated with potential buyers [1][4][10]. Group 1: Strategic Shift and Divestment Plans - The Life Sciences unit, which includes the Biosciences and Integrated Diagnostic Solutions businesses, generated significant revenues in 2024, but BDX plans to retain the specimen management segment [2]. - The divestment could streamline BD's portfolio, allowing for focused investment in high-growth medtech areas and potentially delivering tax-efficient returns [4][10]. - The board's unanimous approval of the Life Sciences separation indicates strong internal alignment with this strategy, influenced by activist investor Starboard Value [10]. Group 2: Market Reaction and Stock Performance - BDX shares have declined 9.3% since the Financial Times report on April 1, primarily due to a broader market downturn [3]. - Year-to-date, BDX's shares have lost 9.6%, while the industry has grown by 3.4%, and the S&P 500 has decreased by 14.1% [4]. Group 3: Potential Buyers and Deal Structures - Strategic interest in the Life Sciences business is strong, with Thermo Fisher and Danaher among the potential buyers, focusing on complementary parts of the business [5]. - BD is considering a share swap deal with smaller diagnostics firms, allowing BD shareholders to receive a majority stake in a new entity, thus avoiding capital gains tax [6][8]. Group 4: Future Outlook - BD is expected to announce further plans for the Life Sciences unit by mid-2025, with a targeted transaction close by the end of next year [11].
FDA Watch: The Quiet Gold Rush in AI-Powered Medical Devices
Prnewswire· 2025-04-02 15:04
Equity Insider News Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, April 2, 2025 /PRNewswire/ -- Equity Insider News Commentary – Artificial Intelligence (AI) is quickly becoming a major force in healthcare, as use of AI applications in medical fields is growing rapidly. Researchers at Dartmouth recently conducted the first clinical trial of a therapy chatbot powered by generative AI (genAI), and found that it resulted in significant improvements in participants' symptoms. Cleveland C ...
Nexalin Technology Enrolls First Patients and Advances Toward Treatment in UCSD Clinical Trial
Newsfilter· 2025-04-02 12:30
Core Viewpoint - Nexalin Technology, Inc. has successfully enrolled the first patients in a clinical trial for its Deep Intracranial Frequency Stimulation (DIFS™) technology, aiming to treat mild traumatic brain injury (mTBI) and post-traumatic stress disorder (PTSD) [1][2][3] Company Overview - Nexalin Technology focuses on developing innovative neurostimulation products to address the global mental health crisis, utilizing non-invasive bioelectronic medical technology [5] - The company's DIFS™ technology is designed to penetrate deep brain structures associated with mental health disorders, potentially offering enhanced patient responses without adverse side effects [5] Clinical Trial Details - The clinical trial is being conducted in collaboration with the University of California, San Diego (UCSD) and the VA San Diego Healthcare System, marking a significant step in evaluating the efficacy of Nexalin's HALO™ Clarity devices [2][3] - The trial aims to gather comprehensive data on the impact of DIFS™ technology on mental health conditions, particularly for underserved populations such as veterans [3][4] Technology and Devices - The HALO™ Clarity device is currently under evaluation and is not yet approved for marketing in the U.S., with its safety and efficacy still being assessed by the FDA [6] - Nexalin's HALO™ Clarity devices provide non-invasive, at-home neurostimulation therapy, integrated with AI for remote monitoring of patient adherence and treatment progress [4]
Apple Reportedly Developing AI Agent ‘Doctors' in Latest Health Push
PYMNTS.com· 2025-03-30 23:18
Group 1: Apple's AI Health Initiative - Apple is developing an AI agent for health advice under "Project Mulberry," which builds on a previous initiative called "Project Quartz" aimed at health coaching [1][2] - The AI coach will provide personalized health recommendations based on data collected from users' devices, with a potential release coinciding with the iOS 19.4 update in spring or summer of 2025 [2] - The revamped Health app will focus on food tracking, competing with existing platforms like MyFitnessPal and Noom, marking a significant shift in Apple's health strategy [4] Group 2: AI Investment in Healthcare - A report indicates that healthcare firms are increasingly investing in generative AI (GenAI), with 90% of executives expecting positive returns on their investments [5][6] - The majority of healthcare leaders plan to increase their GenAI spending in the coming year, positioning the sector ahead of the cross-industry average in terms of investment optimism [6] - The strategic prioritization of GenAI in operational areas is essential for healthcare businesses to maintain competitiveness [6]