S&N buys Indian trauma biz as Q1 in line
This article was originally published in Clinica
Executive Summary
Smith & Nephew will be relieved after reporting a first fiscal quarter that was “a touch better than consensus”, according to Jefferies analyst Ingeborg Øie. Meanwhile, the company has agreed to buy Sushrut Surgicals, a 40-year-old Indian company that serves the mid-tier trauma market, and its related manufacturing firm Adler Mediequip. Financial details were not disclosed.
You may also be interested in...
What are the hottest innovations from Israel?
Israel is well-known as a medtech hot-spot, with a focus on academic research and strong government support helping the country punch well above its weight when it comes to innovative devices.
EuroPCR: St Jude and Philips talk up rival intravascular imaging techs
St Jude Medical had a heavy focus on its intravascular imaging offering at this year’s EuroPCR meeting, presenting data supporting its optical coherence tomography (OCT) technology. OCT provides intravascular images to help assess culprit lesions, which can improve stent selection and deployment, according to St Jude.
EuroPCR: Medtronic's drug-coated balloon keeps rising
A big topic at this year’s EuroPCR, held in Paris on 19-22 May, was drug-coated balloons (DCBs). One of the leaders in the field, Medtronic, presented positive data from two studies of its IN.PACT Admiral balloon, which could support an expanded indication for the device.