Category: Surgical

ClearCount appoints new CFO

March 10, 2010 by MedCity News

By Brandon Glenn

Sponge safety company ClearCount Medical Solutions hired David Haffner to be its new CFO.

Haffner, who was CFO for medical technology companies including RedPath Integrated Pathology and Renal Solutions, will oversee the day-to-day financial operations of Pittsburgh-based ClearCount and will be responsible for its financial strategy, according to a press release.

Synovis board OKs stock buyback

March 8, 2010 by MedCity News

By Brandon Glenn

Device maker Synovis Life Technologies Inc. said its board of directors authorized the company to repurchase up to 1 million shares of its common stock.

Synovis’ board gave it plenty of leeway for the buyback. There’s no expiration date and no minimum purchase amount, according to a statement from the company.

The company seeks to buy back shares because it believes its stock is undervalued, according to CEO Richard Kramp.

Parcus Medical pulls in $1.3 million in equity sale

February 19, 2010 by MedCity News

By Brandon Glenn

STURGEON BAY, Wisconsin — Surgical products manufacturer Parcus Medical LLC raised $1.3 million in an equity sale, according to a Securities & Exchange Commission filing.

The company, which sells surgical devices including screws, suture anchors, screw drivers and guide wires, is looking to raise a total of $2 million.

Theragenics swings to Q4, 2009 black

February 11, 2010 by MassDevice staff

Theragenics Corp. (NYSE:TGX) posted fourth-quarter sales of $18.7 million for the three months ended Dec. 31, 2009, up 3.2 percent compared with $18.1 million during the same period in 2008. Net income was $389,000, compared with net losses of $62.5 million during Q4 2008:

Press Release

Theragenics^® Reports Record Revenue with
2009 Results

Accuray's Q2 sales slide 14 percent as it slips into the red

February 5, 2010 by MassDevice staff

Accuray Inc. (NSDQ:ARAY) posted second-quarter sales of $35.7 million for the three months ended Dec. 31, 2009, down 13.6 percent compared with $41.3 million during the same period last year. Accuray posted a net loss of $1.2 million for the quarter, compared with net income of $1.4 million during Q2 2009:

Press Release

Accuray Announces Results for Second Quarter Fiscal 2010

18 New Orders to Backlog and 11 CyberKnife Installations Drive Quarter

Intuitive Surgical off the hook in erectile dysfunction lawsuit

February 2, 2010 by MassDevice staff

A federal appeals court cleared Intuitive Surgical Inc. (NSDQ:ISRG) of any liability in a lawsuit alleging that one of its malfunctioning da Vinci surgical robots caused a Pennsylvania man's erectile dysfunction.

Roland Mracek sued Intuitive after undergoing a prostatectomy at Bryn Mawr hospital in June 2005. During the surgery, the da Vinci robot went on the fritz and displayed error messages; after his surgical team and an Intuitive rep couldn't make the robot work, surgeons performed a traditional laparoscopic prostatectomy, according to court documents. A week later Mracek suffered an episode of gross hematuria (visible blood in the urine) and later developed severe groin pain and erectile dysfunction.

Cardica halves Q4 net losses despite 64 percent sales slide

January 28, 2010 by MassDevice staff

Cardica Inc. (NSDQ:CRDC) posted second-quarter sales of $1.1 million for the three months ended Dec. 31, 2009, down 63.9 percent compared with $2.9 million during the same period in 2008. Net losses for the quarter were $2.2 million, compared with net losses of $4.7 million during Q2 2008:

Press Release

Cardica Announces Fiscal 2010 Second Quarter Financial Results