Siemens Healthineers plans to streamline its Diagnostics business

Siemens Healthineers plans to halve the number of diagnostic platforms it offers in coming years as it seeks to overcome supply chain and other external challenges.

In its Q4 earning announcement today, the German medtech giant said the €1.5-billion-a-year Diagnostics business faces procurement and logistics challenges. Also, there are foreign currency headwinds and COVID-related lockdowns in China.

Siemens Healthineers recently started the controlled rollout of its CI 1900 low-to-mid-volume analyzer in Europe.

“We will undertake significant measures to reduce complexity by reducing the number of our platforms by more than 50% over time following the CI 1900 platform launch,” CEO Bernd Montag said during the company’s earnings call today, transcribed by Seeking Alpha.

“Our portfolio complexity has been a particular burden in the current challenging environment and supply chain environment. … We will streamline our sup…

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The 10 largest medtech employers — and what their employees really think

Employees of the 10 largest medtech employers are happy to be a part of a company that is having a positive impact on patient populations.

That was one major takeaway as MassDevice compiled some current and former employee reviews posted on Glassdoor.

Medtronic, Philips and Johnson & Johnson MedTech top the list of largest medtech employers. The 10 companies we looked at were the largest employers in Medical Design & Outsourcing‘s newest Big 100 report on the largest medical device companies.

Company Employees Medtronic 95,000 Philips 78,189 Johnson & Johnson MedTech 75,000

As with most companies, there are some qualms with corporate bureaucracy and reorganizations creating frustration for employees.

Employment in the medtech industry is on the rise, according to a recent analysis of our Medtech Big 100 data. There were 1,268,924 employees among the 100 largest companies that report human capital in their annual repor…

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Corindus announces positive study results for CorPath neurovascular system

[Image from Corindus] Corindus today announced positive results from a study of its CorPath used in robotic-assisted neurovascular aneurysm embolization. The Siemens Healthineers company, which develops precision vascular robotics, presented results from a first-of-its-kind study demonstrating the safety and effectiveness of robotic-assisted neurovascular aneurysm embolization using the CorPath GRX neurovascular system. Newton, Massachusetts-based Corindus said the study is the world’s first trial on robotic-assisted neurovascular aneurysm embolization. Dr. Michel Piotin, principal investigator and head of the interventional neuroradiology department at the Rothschild Foundation Hospital in Paris, presented results at the European Society of Minimally Invasive Neurological Therapy (ESMINT) Congress in Nice, France. It was a prospective, single-arm, international, multi-center, non-inferiority study. CorPath GRX demonstrated 94% technical success. Corindus said it a…
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R.R. Donnelly & Sons helps to accelerate COVID-19 test delivery to U.S.

R.R. Donnelly & Sons (RRD) announced today that it used its supply chain capabilities to accelerate the delivery of rapid COVID-19 tests to the U.S.

The company, which specializes in helping medical device clients optimize their supply chain, said in a news release that it leveraged its ISO 13485 accredited facilities and ability to scale quickly to facilitate Siemens Healthineers’ time-sensitive effort to deliver its COVID-19 antigen self-tests to the U.S. market.

RRD and Siemens Healthineers collaborated to upscale with uncertain demand amid the COVID-19 pandemic. The company said that, during the omicron variant peak in January 2022, Siemens looked to make tens of millions of tests available to the U.S. through state, federal and local partnership efforts. It sought to expand warehouse space to meet the demand and accommodate the massive volumes of its product.

“It was critical to find a supplemental supply chain and warehouse solution that …

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16 surgical robotics companies you need to know

Intuitive remains the dominant surgical robotics company, but corporations ranging from Medtronic to Vicarious Surgical look to compete. The Da Vinci Xi robotic surgery system. Intuitive continues to dominate the space. [Image courtesy of Intuitive]Robotic-assisted surgery remains one of the hottest spaces in medtech. Intuitive, which pioneered the field in the 1990s and early 2000s, continues to innovate. At the same time, a host of other companies are looking to compete.

Companies making headlines in the robotic surgery space over the past year include:

Company Robotic system(s) Intuitive Surgical Da Vinci Xi, Da Vinci X, Da Vinci SP, Ion Medtronic Hugo Johnson & Johnson Monarch, Velys, Ottava Stryker Mako Siemens Healthineers’ Corindus CorPath GRX Vicarious Surgical Beta 2 Titan Medical Enos Asensus Surgical Senhance Moon Surgical Maestro Momentus Surgical Anovo Virtual Incision MIRA Stereotaxis Genesis RMN, Vdrive, Niobe Monteris …
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Siemens Healthineers sales down nearly 6% in Q3, but it sticks with outlook

Siemens Healthineers (ETR:SHL) shares are on the decline today upon the release of the company’s third-quarter financial results.

Shares of SHL were down 0.9% at $24.93 per share in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up 1%.

The company said in a news release that it saw a decline in revenue totaling 5.7%, due to lower revenues from rapid COVID-19 antigen tests and a challenging environment that included COVID-19-related lockdowns in China. Excluding the COVID-19 antigen tests, the company’s revenues grew 0.9%.

Siemens Healthineers’ comparable revenues ticked up 8.2% at its Varian oncology company and 5.2% in advanced therapies, while imaging grew by 2.5%. Diagnostics dropped 23.9% as a result of the COVID-19 testing dip.

The company’s adjusted earnings per share dipped to approximately 44¢ (€0.43), representing…

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FDA clears Intuitive, Siemens Healthineers imaging integration for robotic bronchoscopy

[Image from Intuitive]Intuitive (Nasdaq:ISRG) announced that the FDA cleared an integration of imaging technology with the Ion robot-assisted bronchoscopy system.

The integration covers a mobile cone-beam CT (CBCT) imaging technology, developed by Siemens Healthineers, called Cios Spin.

Cios Spin offers integrated functionality with Ion to provide 2D and 3D imaging during procedures to help physicians gain confidence around refining Ion’s catheter positioning and help improve biopsy tool placement, according to a news release.

Sunnyvale, California-based Intuitive said early studies demonstrate that Ion enables a diagnostic yield of approximately 80% in studies with a relatively small average nodule size. The integration of Ion with Siemens’ imaging technology could improve the accuracy of biopsy procedures, aiding in the diagnosis of lung cancer, the company said, through the enhancement of a physician’s ability to provide minimally invas…

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Varian wins FDA IDE for Flash radiation therapy

Varian announced today that it received FDA investigational device exemption IDE to advance its Flash clinical research program.

Flash therapy, an experimental treatment modality, was designed to deliver radiation therapy at ultra-high dose rates in typically less than one second.

The Siemens Healthineers company will conduct the feasibility study of Flash therapy for the treatment of symptomatic bone metastases (FAST-02) with the IDE now secured, according to a news release.

“Receiving IDE approval for FAST-02 reaffirms our confidence in the potential of Flash therapy and represents an important step toward delivering this groundbreaking therapy in a clinical setting,” Varian VP of Flash Solutions Agam Sharda said in the release. “Together with our FlashForward Consortium, we have expanded Flash therapy research using our systems as we work to improve the patient experience. We look forward to continuing to collaborate with experts aro…

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18 of the world’s most innovative medical technologies

[Images courtesy of Sysmex, Abbott, Boston Scientific, Medtronic and Siemens Healthineers]Judges this week are voting for the most innovative medical technologies among the nominees for the 2022 Prix Galien International Awards.

The Prix Galien International Awards highlight the most innovative technologies in the life sciences industry. The New York-based Galien Foundation presents the international award to eligible nominees that have received a Prix Galien award within the last two years in the Best Biotechnology Product, Best Digital Health Solution, Best Medical Technology, Best Pharmaceutical Product and Best Vaccine categories.

The Prix Galien International Awards ceremony will be co-hosted with the Prix Galien U.K. Award ceremony on May 12 at the Natural History Museum in London.

Companies included in this year’s nominees range from large multinational corporations like Medtronic to smaller medtech companies like Devices4Care. Here are the 18 medica…

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Corindus opens new HQ; take a photo tour of the facility

The new Corindus headquarters has a cleanroom that is three times larger than the previous headquarters. [Photo courtesy of Corindus]Corindus announced the opening of its new headquarters this week, moving to Newton, Massachusetts, for a space that’s more than twice as big.

The precision vascular robotics developer’s new facility totals 77,000 ft², compared to 35,000 ft² in the former headquarters in Walham, Massachusetts.

The production area alone is tripling in size to 25,000 ft² and was designed to facilitate the flow of materials through the building. The 6,000 ft² R&D space is also three times larger than the previous headquarters, including a dedicated lab for remote robotic R&D activities and a model shop for quicker prototype machining and shorter development timelines.

The new headquarters will also serve as the global Center of Excellence for Siemens Healthineers endovascular robotic technologies, including development, manufac…

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Corindus opens new HQ; take a photo tour of the facility

The new Corindus headquarters has a cleanroom that is three times larger than the previous headquarters. [Photo courtesy of Corindus]

Corindus announced the opening of its new headquarters this week, moving to Newton, Massachusetts, for a space that’s more than twice as big.

The precision vascular robotics developer’s new facility totals 77,000 ft², compared to 35,000 ft² in the former headquarters in Walham, Massachusetts.

The production area alone is tripling in size to 25,000 ft² and was designed to facilitate the flow of materials through the building. The 6,000 ft² R&D space is also three times larger than the previous headquarters, including a dedicated lab for remote robotic R&D activities and a model shop for quicker prototype machining and shorter development timelines.

The new headquarters will also serve as the global Center of Excellence for Siemens Healthineers end…

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Siemens Healthineers executive to join Fresenius supervisory board

Dr. Christoph Zindel, Siemens Healthineers [Image courtesy of Siemens Healthineers]Fresenius SE & Co. KGaA announced today that it plans for Siemens Healthineers executive Dr. Christoph Zindel to join its Supervisory Board.

Zindel will stand for election at Fresenius’ Annual General Meeting on May 13.

A member of Siemens Healthineer’s managing board, Zindel’s responsibilities at the German medtech giant include imaging, advanced therapies, technology excellence, quality and regulatory, the Healthineers Performance System, and sustainability.

Zindel will replace Klaus-Peter Müller, 77, who has been on the Supervisory Board and its Audit Committee since 2008.

 

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