Minute Insight: ViewRay Is Going Out Of Business, Blames Order Backlog
Executive Summary
ViewRay will continue to maintain its MRI-guided radiation therapy systems at customer sites, but filed for Chapter 11 bankruptcy protection and is planning to sell the business’ assets.
You may also be interested in...
Intuitive Surgical Sees Procedure Volume Surge; Drug Competition Threatens Bariatric Business
The robotic surgery giant reported rapid procedure growth across all surgical division except bariatrics, worrying some investors.
News We’re Watching: Free COVID-19 Tests, Edwards Antitrust Investigation, McKinsey Calls For Medtech ‘Reinvention’
This week, the US government relaunched a program providing free COVID-19 tests and invested $600m in domestic test manufacturing; the European Commission revealed an antitrust investigation of Edwards LifeSciences; and a consulting firm report said the medtech industry should make big changes to address investor skepticism.
Minute Insight: Enovis Buys Lima To Create Billion-Dollar Recon Business
Enovis has agreed to buy Italian orthopedic implant manufacturer Lima from a private equity firm for €800m – about $845m. The deal will expand Enovis’ presence in the fast-growing international extremities market and improve its manufacturing and innovation facilities.