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Covidien Elects Jose E. Almeida President, CEO
Wednesday, March 16, 2011 - 8:01am | 70The Board of Directors of Covidien plc (NYSE: COV) today announced that Jose (Joe) E. Almeida, President of Covidien's Medical Devices business segment, has been elected President and Chief Executive Officer of the Company, effective with the planned retirement of CEO Richard J. Meelia on July 1....
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Piper Jaffray Comments On Overweight-Rated GPRO
Wednesday, March 16, 2011 - 7:39am | 113Piper Jaffray is providing a “positive update” on Overweight-rated Gen-Probe Inc. (NASDAQ: GPRO) following its meetings with management. “Although early in the EU panther launch, management appeared pleased with adoption thus far,” Piper Jaffray writes. “On the menu side, we believe Trich could...
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Jefferies Comments On FDA Clearance From Covidien
Wednesday, March 16, 2011 - 7:14am | 96In a report published by Jefferies, Covidien (NYSE: COV) saw FDA Briefing Documents support a positive panel vote and FDA clearance of eV3's PED device. Jefferies said that PED approval would strengthen COV's positioning in the $1.3B neurovascular market, generating sooner than expected ROIC on...
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Piper Jaffray Comments On Volcano Corp. Following Japan Disruption
Tuesday, March 15, 2011 - 9:29am | 193Japan has been an important piece of the growth story at Volcano Corporation (NASDAQ: VOLC) over the past couple years. In fall of 2009 VOLC took over direct sales from its largest distributor in Japan and then in the fall of 2010 it converted its next largest Japanese distributor to direct. VOLC...
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Citi Updates STJ Price Target to $38
Tuesday, March 15, 2011 - 8:26am | 36Citi updated St Jude Medical Inc's (NYSE: STJ) Price Target to $38. STJ is rated Sell/Medium Risk. STJ sold at $48.38 at closing yesterday.
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Becton, Dickinson and Company Manufacturing Facilities Closed in Fukushima
Tuesday, March 15, 2011 - 8:05am | 151BD (Becton, Dickinson and Company) (NYSE: BDX) has operations in Japan led by its Nippon Becton Dickinson headquarters office in Tokyo, and a manufacturing facility and distribution center in Fukushima prefecture. The Company today confirmed that all of its employees in Japan are safe and that...
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Jefferies Has Buy On Covidien (COV)
Tuesday, March 15, 2011 - 7:42am | 185Jefferies & Co. has a Buy rating and a $57 price target on shares of Covidien (NYSE: COV). In a note to investors, Jefferies writes, "While the stock reaction was muted in yesterday's trading in the face of Japanese concerns, we believe that reduction in trial expenses coupled with faster...
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Kyocera Echo for Sprint on sale starting April 17th for $199.99
Monday, March 14, 2011 - 6:01pm | 308Sprint announced today that the previously revealed Kyocera Echo smartphone will be available for purchase by customers on April 17th for $199.99. Beginning March 26th, Sprint customers can pre-order the Echo, making the device available for pickup on April 17th. The Kyocera Echo is the world's...
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ZOLL Reports Establishment of 10b5-1 Sales Plan by CFO to Sell 40,000 Shares
Monday, March 14, 2011 - 5:02pm | 125ZOLL Medical Corporation (Nasdaq: ZOLL) today reported that A. Ernest Whiton, its Chief Financial Officer and Vice President of Administration, has entered into a 10b5-1 sales plan for the sale of shares of ZOLL common stock over an approximate 12-month period. Under the plan, it is anticipated...
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Antares Pharma Reports EPS of $(0.02) vs. $(0.02)
Monday, March 14, 2011 - 4:08pm | 61Antares Pharma, Inc. (NYSE: AIS) today reported financial and operating results for the fourth quarter ended December 31, 2010. Total revenue was $3.3 million and $12.8 million for the three months and year ended December 31, 2010 Net loss per share decreased to $0.02 for the fourth quarter of...
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NASDAQ Stocks Hitting 52-Week Highs (RNOW, LWSN, JAX, BLTI)
Monday, March 14, 2011 - 10:21am | 160RightNow Technologies Inc (NASDAQ: RNOW) shares rose 2.65% to create a new 52-week high of $32.12. RNOW's trailing-twelve-month ROE is 47.38%. Lawson Software Inc (NASDAQ: LWSN) shares gained 8.23% to create a new 52-week high of $12.50. LWSN received a $1.8 billion takeover bid from Infor Global...
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Oppenheimer Highlights MDT In Its Ongoing Cash Piece
Monday, March 14, 2011 - 9:12am | 135In the second installment of Oppenheimer's ‘Following the Cash' report, “we check in on the balance sheet and cash flow generation of the large cap medical device group through year-end 2010.” “As we looked through the 4Q comments of the major medical device companies, cash was indeed a theme,”...
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Goldman Sachs Reiterates Buy on Medtronic (MDT)
Monday, March 14, 2011 - 8:30am | 117Goldman Sachs is out with its report today on Medtronic (NYSE: MDT), reiterating Buy. In a note to clients, Goldman Sachs writes, "We reiterate our Buy rating on shares of Medtronic and do not view the AMPLIFY delay as significant to our thesis. It is also worth noting that InFuse has essentially...
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Morgan Keegan Comments On FDA Safety Alert On CSL's Vivaglobin For Baxter International
Monday, March 14, 2011 - 7:20am | 153In a report published by Morgan Keegan, Baxter International (NYSE: BAX) saw an FDA safety alert on CSL's Vivaglobin, but it should present minimal risk to HyQ. Morgan Keegan said that, on Friday, the FDA issued a safety communication regarding postmarketing reports suggesting the risk of serious...
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Covidien Announces New Data on Hernia and Abdominal Wall Repair Products to Be Presented
Monday, March 14, 2011 - 7:14am | 108Covidien (NYSE: COV) announced that new data on its hernia and abdominal wall repair products will be presented at Hernia Repair 2011, the 14th Annual Meeting & Scientific Program of the American Hernia Society. Covidien products will be featured in two podium presentations and nine poster...