Johnson & Johnson recently increased an investment in an embattled biotech stock, and slashed a position in a maker of surgical robotics that rocketed last year. Johnson & Johnson (ticker: JNJ...
Tag: medical devices
A Quick Remedy Proves Elusive For Life-Saving Pulse Oximeter’s Problems With Darker Skin
Since the start of the pandemic, the popular medical device has been indispensable for measuring oxygen in the blood, but dangerously inaccurate in patients with darker skin. Now the FDA is in the hot...
GE set to report final pre-breakup earnings
General Electric Co. is scheduled to report next week its final quarterly results before the start of its breakup, with the industrial conglomerate expected to report its highest profit since before t...
SmileDirectClub stock rallies on cost cuts, workforce ‘realignment’
Shares of SmileDirectClub Inc. rallied after hours on Tuesday after the oral-care company said it planned a round of cost cuts and a “realignment” of its workforce — even as its sales forecasts came u...
GE Healthcare will join S&P 500 as soon as it begins trading
GE Healthcare Technologies Inc. will be an S&P 500 stock as soon as it officially exists. General Electric Co. GE, -1.05% expects to spin off its healthcare arm into a separately traded company on...
First Outside Investment In 30 Years Makes Life Sciences Software Firm A Unicorn
MasterControl CEO Jon Beckstrand Austen Diamond Photograhy Most software startups seek venture funding in the early stages. MasterControl, which provides quality and manufacturing software for life sc...
GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
General Electric Co.’s healthcare division plans to cut debt, bring down costs and pursue tuck-in acquisitions after its spinoff in early January, finance chief Helmut Zodl said Thursday at an investo...
From needles To MRI Machines, Medical ‘Device’ Exports Up 8.14%
Medical instrument exports had their best-ever September this year, according to the latest … [+] government data, having shown steady growth in value over the last decade. ustradenumbers.com Go...
SmileDirectClub Doesn’t Have Much Time to Straighten Itself Out
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The Bear Market Has Brought ‘Fear and Uncertainty’ for Gen Z. How They’re Coping.
Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth...
Bausch + Lomb, Year’s Second-Biggest IPO, Pops in Public Debut
Text size Bausch + Lomb’s IPO is the second-biggest so far this year. Scott Olson/Getty Images Eye-care company Bausch + Lomb and biotech PepGen kicked off their lives as public companies Friday...
Next decade will transform health care more than past century: J&J CEO
Andrew Harrer | Bloomberg | Getty Images Joaquin Duato, the new CEO of Johnson & Johnson, is comfortable enough in his new position at the 135-year-old company to issue a bold claim just a few mon...
How The Cleveland Inventors Behind Nottingham Spirk Went From Consumer Products To Medical Devices
Nottingham Spirk cofounders John Nottingham (left) and John Spirk have worked together for 50 years: “We’re on the Warren Buffett business track of retirement,” Nottingham says. NICK...
15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors
During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really me...