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11 of the biggest medtech earnings stories from Q4 2022

(From Ishant Mishra on Unsplash) Layoffs, growth and more — the biggest medtech companies in the world experienced a range of outcomes in the fourth quarter of 2022.

Over the past two months, many of the largest medtech companies across the globe reported their financial results for the three months ended Dec. 31, 2022 (with a handful of exceptions due to different operating calendars).

Some companies offered reasons to feel good about the direction of the medtech industry. Others went in the opposite direction, enforcing workforce reductions and cost-cutting efforts. MassDevice compiled a list of layoffs across the industry, which have now affected more than 19,000 workers.

As layoff news mounted across the industry over the past month, MassDevice‘s MedTech 100 Index declined 2.6%. That was slightly worse than the S&P 500, which was down 2%.

Here are some of the biggest stories from the most recent quarter, all coming from companies within the…

Smith+Nephew LEAF patient monitor wins innovative tech nod

The LEAF patient monitoring system. [Image courtesy of Smith+Nephew]

Smith+Nephew (NYSE:SNN) announced today that its LEAF patient monitoring system received an Innovative Technology designation from Vizient.

Vizient awards Innovative Technology designations to previously contracted products. The award signals to healthcare providers the impact of these innovations.

Get the full story at our sister site, MassDevice.

Supreme Court’s Arthrex decision creates more review for patent owners — and more questions

Angeline Premraj is an attorney at Finnegan, Henderson, Farabow, Garrett & Dunner [Photo courtesy of Finnegan]

A Patent and Trademark Office director confirmation may solve some problems, but it’s not yet clear how discretionary review will continue to evolve.

Angeline Premraj, Troy Viger and Kathleen Daley, Finnegan

The U.S. Patent and Trademark Office’s inter partes review procedure is a popular avenue for challenging the validity of a patent outside of litigation. These procedures are overseen by a panel of three administrative patent judges (APJs) on the Patent Trial and Appeal Board (PTAB) at the Patent Office. In United States v. Athrex, the Supreme Court ruled that the “unreviewable authority” of APJs to conduct adversarial proceedings for challenging the validity of a patent violated the Constitution’s Appointments Clause. The Supreme Court also ruled that the appropriate remedy was to giv…

Smith & Nephew is using vibrating bracelets to encourage social distancing

(Image courtesy of Tharsus)

Smith & Nephew (NYSE:SNN) having its employees wear devices made by Tharsus to help with social distancing as they return to the office.

A report in The Telegraph outlines how the London-based medtech company is providing vibrating bracelets from Blythe, England-based Tharsus to keep the six-foot (two-meter) distance widely recommended for preventing the spread of COVID-19.

Smith & Nephew held a three-week trial for Tharsus’ Bump system, which provides a “gentle, non-intimidating” vibration if two employees get too close, according to the report. The system was put to use in Smith & Nephew’s laboratories, warehouses and on its manufacturing floor.

One additional function for the Bump system includes collecting data to allow companies to monitor behavior and identify potential hotspots where social distancing may prove difficult. H…

Smith & Nephew is using vibrating bracelets to encourage social distancing

(Image courtesy of Tharsus)

Smith & Nephew (NYSE:SNN) having its employees wear devices made by Tharsus to help with social distancing as they return to the office.

A report in The Telegraph outlines how the London-based medtech company is providing vibrating bracelets from Blythe, England-based Tharsus to keep the six-foot (two-meter) distance widely recommended for preventing the spread of COVID-19.

Smith & Nephew held a three-week trial for Tharsus’ Bump system, which provides a “gentle, non-intimidating” vibration if two employees get too close, according to the report. The system was put to use in Smith & Nephew’s laboratories, warehouses and on its manufacturing floor.

One additional function for the Bump system includes collecting data to allow companies to monitor behavior and identify potential hotspots where social distancing may prove difficult. H…

The top 5 medtech CEO quotes about COVID-19

The latest earnings season not only provided insights from top medtech CEOs about how the COVID-19 pandemic is changing the industry, but also lessons learned going forward.

Here are five top quotes about lessons learned.

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DeviceTalks editorial director Tom Salemi contributed to this report.