Standard Bariatrics Archives - Medical Design Sourcing

The best medtech innovations of 2023

Recognize this medtech innovation? It was one of the nominees for the Galien Foundation’s 2023 Prix Galien USA Awards. [Image courtesy of Boston Scientific]

The Galien Foundation’s 2023 Prix Galien USA Awards recognized a first-of-its-kind cancer diagnostic and other medtech innovations.

Announced last week, the Galien Foundation’s annual Prix Galien awards highlight devices, biotechnology and pharmaceutical products designed to improve the human condition.

“The outstanding quality of the submissions is a testament to the promising future of the life sciences industries,” said former Johnson & Johnson CEO and Chair Alex Gorsky — one of the awards jurors — in a news release announcing the nominees.

Last year’s winners included Cala Health, Abbott, Edwards Lifesciences and Roche. (See all of 2022’s nominees here, including many that were nominated again in 2023.)

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Teleflex completes $170M Standard Bariatrics acquisition

Teleflex (NYSE:TFX) announced today that it completed its acquisition of Standard Bariatrics and its powered stapling technology.

Wayne, Pennsylvania-based Teleflex announced its acquisition of Cincinnati, Ohio-based Standard Bariatrics last month.

The definitive agreement included a $170 million price for the bariatric surgery technology developer at closing. Teleflex could pay up to an additional $130 million upon the achievement of certain commercial milestones.

According to a news release, the acquisition won’t contribute meaningfully to Teleflex’s 2022 revenue. The company expects it to be approximately 10¢ dilutive to adjusted earnings per share.

In 2023, Teleflex expects the transaction to contribute between $30 million and $35 million in revenue. Teleflex expects it to be approximately 10¢ to 15¢ dilutive in adjusted EPS. It expects it to be accretive to revenue growth and adjusted EPS thereafter.

Standard Bariatrics des…

Teleflex to acquire Standard Bariatrics and its powered stapling technology

Teleflex today announced it has entered into a definitive agreement to acquire Standard Bariatrics and its powered stapling technology for bariatric surgery.

Teleflex will acquire the Cincinnati, Ohio-based company for an upfront cash payment of $170 million at closing with additional consideration of up to $130 million that will be payable upon the achievement of certain commercial milestones. The deal is expected to close early in the fourth quarter of 2022.

Standard Bariatrics’ Titan SGS is a surgical stapler for an anatomy-based approach to sleeve gastrectomy. The company designed the anatomy-based approach of surgical stapling to help surgeons achieve more consistent and symmetrical gastric sleeve pouch anatomy in sleeve gastrectomy procedures. It has a 23 cm continuous staple line to allow surgeons to plan and place staples in one firing.

Titan SGS was also recently named as one of the most innovative medical devices of 2022 by the Galien Fou…

The 24 best medical device innovations of 2022

The Galien Foundation recently announced its nominees of medical device innovations for its 2022 Prix Galien USA awards.

There are 24 medical technologies nominated for the annual award this year, up from 18 nominees in 2021.

The Galien Foundation’s annual Prix Galien awards highlight devices, biotechnology and pharmaceutical products designed to improve the human condition.

Nominees need to be FDA-approved for the market within the last five years and show major potential to affect healthcare. The winners will be announced in October at the Prix Galien USA Awards in New York City.

This year, the foundation nominated 24 medical device innovations, 22 biotechnology products and 33 pharmaceutical agents. The devices range from an intraocular lens to a bariatric stapler.

“Every year, evaluating and recognizing the amazing submissions that come through for the Prix Galien Awards is one of the greatest honors,” said Dr. Sue Des…