Bioventus Inc. Stock Price, News & Analysis

SWK Holdings Corporation (Nasdaq: SWKH) updated its portfolio performance for the second half of 2021, highlighting new financings including $10 million to MolecuLight and $12 million to Biotricity (NASDAQ: BTCY). CEO Winston Black noted that 2022 aims to restore deal origination to historical levels. Enteris BioPharma's partnership with Cara Therapeutics is advancing with a $5 million milestone payment. Additionally, Biolase (NASDAQ: BVS) anticipates a 44-47% revenue increase for the fourth quarter. SWK focuses on providing flexible financing solutions to small and mid-sized life science companies.

Bioventus (Nasdaq: BVS) announced preliminary revenue results for Q4 and full-year 2021, projecting revenues between $128.5 to $131.5 million for Q4, marking a 30% to 33% growth year-over-year, and $429 to $432 million for the full year, an increase of approximately 34%. CEO Ken Reali expressed pride in the team’s performance despite market challenges, highlighting strong growth in Pain Treatments and Bone Graft Substitutes. The company anticipates that recent acquisitions will meet or exceed expectations as it heads into 2022.

DURHAM, N.C., Dec. 28, 2021 – Bioventus (Nasdaq: BVS) announced that CEO Ken Reali will present at the 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 5:15 p.m. ET. The presentation will be accessible via a live webcast on the Bioventus investors website, and it will also be archived for later viewing. Bioventus is dedicated to providing innovative, clinically proven products that facilitate active healing and enhance patient recovery.

Bioventus (Nasdaq: BVS) has appointed Dr. Michelle McMurry-Heath to its Board of Directors, effective January 1, 2022. With over 20 years of experience in healthcare and regulatory roles, McMurry-Heath brings valuable insights to the company. Her previous positions include leading regulatory science at Johnson & Johnson and serving at the FDA. Bioventus aims to leverage her expertise in medical innovation and regulatory affairs to advance its offerings in pain treatment and restorative therapies. Company leadership expresses optimism about the strategic guidance she will provide.

Bioventus (Nasdaq: BVS) has received FDA 510(k) clearance for its neXus BoneScalpel Access handpiece, enhancing minimally invasive surgery with improved bone removal capabilities. This device, part of the neXus Ultrasonic Surgical Aspirator System, offers surgeons greater control and versatility. The launch is anticipated in 2022, with the system already commercialized in several countries. The BoneScalpel Access is indicated for use across various surgical specialties, indicating a broad application potential.

Bioventus (Nasdaq: BVS) announced a lease agreement to expand its operational and manufacturing space in Memphis, doubling its current area. The new facility, located at 7101 Goodlett Farms Parkway in Cordova, TN, features approximately 90,000 square feet, with 55,000 dedicated to manufacturing. This move is set for early Q3 2022 and will create an additional 40 jobs over five years. The expansion aligns with the company’s strategy for organic growth and vertical integration, enhancing its manufacturing capabilities.

Bioventus (Nasdaq: BVS) announced the departure of Greg Anglum from his role as CFO, effective immediately. Anglum will remain until a successor is identified. CEO Ken Reali praised Anglum for his contributions over five years, including during the IPO and recent acquisitions. The company reassures stakeholders that his departure is not due to business performance issues, reaffirming its financial guidance for 2021. Bioventus is actively seeking a new CFO to support its growth strategy.

Bioventus Inc. (Nasdaq: BVS) reported Q3 2021 net sales of $108.9 million, up 26.8% year-over-year, driven by strong commercial execution and acquisitions. The company generated a net loss of $2.3 million, down from net income of $8.0 million in Q3 2020. Adjusted EBITDA was $21.3 million, a decline of 7.7% year-over-year. Bioventus updated its full-year sales guidance to $425-$430 million, reflecting 32% to 34% growth. The company successfully integrated Bioness and completed the acquisition of Misonix, positioning itself for further growth in the healing innovations sector.

Bioventus (Nasdaq: BVS) announced the appointment of Sharon Klugewicz as Senior Vice President, Quality and Regulatory Affairs. Klugewicz will oversee global regulatory and quality functions, aiming for integration post-Misonix acquisition. She has significant experience, previously serving as COO of Misonix and holding senior positions at Chembio Diagnostic Systems. Her expertise is expected to enhance Bioventus’ growth strategy in pain treatment and surgical solutions. This leadership change aligns with the company's focus on quality and innovation in its product offerings.