Contract manufacturer Cadence boosts 2015 sales, earnings

Contract manufacturer Cadence Inc. posted double-digit increases to the top and bottom lines last year, the Staunton, Va.-based company said today. Privately held Cadence reported profits of $6.2 million, or $3.66 per share, on sales of $88.4 million in 2015, for profit growth of 20.3% on sales growth of 16.8% compared with 2014. “2015 was

Bioclinica picks up Clinverse

Bioclinica said yesterday it picked up clinical trial financial management tech firm Clinverse for an undisclosed amount. Clinverse, based in Durham, N.C., manages and automates financial aspects of global clinical trials for contract research organizations and pharmaceutical companies, Bioclinica said. “We are delighted to add Clinverse’s capabilities to Bioclinica’s portfolio of solutions. Managing clinical investigator

Medical polymers market size worth $17.05 billion by 2020

The global medical polymers market is expected to grow at a CAGR of 8.4% from 2014 to 2020, according to a new report by Grand View Research. Shifting trends towards substitution of conventional materials by high performance polymers such as polypropylene and PVC in medical devices coupled with growing demand for medical equipments from emerging Asian healthcare

Catheter market is expected to reach $46.05 billion by 2020

The global catheter market is expected to reach USD 46.05 billion by 2020, according to a new report by Grand View Research. Key factors driving the market growth include growing prevalence of obesity, diabetes and cardiovascular diseases and rising demand for minimally invasive procedures. Introduction of advanced catheters with improved efficacies and increasing number of minimally invasive

LPKF’s weak LDS business puts strain on performance in first half-year

Garbsen-based laser specialist, LPKF, announced that the persistent weakness of its LDS business put a strain on its performance in the first half of the year. At EUR 42.4 million, consolidated revenue for the first six months was down 7% from the previous year’s level. Due to lower revenue figures, a shift in the product

Gerresheimer to acquire Centor

Gerresheimer AG, a partner to the global pharmacy and healthcare industry, will further extend its pharmaceutical packaging business with the acquisition of Centor. Gerresheimer has reached an agreement with Nemera Development S.A. to acquire 100% of the share capital of Centor US Holding. “Centor is the highly profitable market leader for plastic vials and closures in

Parker Hannifin consolidates, layoffs ahead

Parker Hannifin plans to consolidate a number of internal divisions, close 2 facilities and expand its Mexican operations, according to an internally distributed letter from Andy Ross, Parker’s engineered materials group president. The company has confirmed the letter was authentic, but has not disclosed how many employees will be affected by the new plans or

A portable “paper machine” can diagnose disease for less than $2

Editor’s Note: This article and information is credited to the American Chemical Society (ACS). A “paper machine” about 10 inches in length could bring modern diagnostics to remote places. In the U.S. and other industrialized nations, testing for infectious diseases and cancer often requires expensive equipment and highly trained specialists. In countries where resources are limited, performing the

Sanmina helps bring customer’s product to market

Editor’s Note: Sanmina, a global electronics manufacturing services provider, has released the whitepaper, “Regulatory expertise accelerates time to market.” The paper describes the company’s ability to help a customer bring their product to market more quickly. A snippet of the whitepaper is presented here and the full whitepaper can be accessed here. The medical aesthetic

VC funding in healthcare comes in at $1.2 billion in Q2 2015

Mercom Capital Group, a global communications and research firm, released its report on funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) and Digital Health sector for the second quarter of 2015. Mercom’s comprehensive report covers deals of all sizes across the globe. Healthcare IT VC Funding Q2 2014 to Q2

Flint Mobile swaps card reader for camera, accept mobile payments anywhere

Flint Mobile, the swipe-free mobile payments app, has significantly expanded its payment management and loyalty capabilities for small, service-centric businesses, like the ones run by on-the-go medical equipment professionals. The toggle-free mobile technology makes the process quite simple for both parties, as all transactions are conducted through the mobile device’s camera without the need of any external

YXLON CT technology investment to streamline production and focus innovation

YXLON International has begun a new era for its Computed Tomography (CT) Division with the inauguration of two radiation-shielded bunkers built to support the development and production of CT testing and inspection systems. The CT Division’s relocation to Hamburg allows YXLON to focus its activities at the company’s headquarters and the new location will help drive