Welcome to our dedicated page for Teleflex Incorporated news (Ticker: TFX), a resource for investors and traders seeking the latest updates and insights on Teleflex Incorporated stock.
Teleflex Incorporated (NYSE: TFX) is a leading global provider of specialty medical devices for critical care and surgical procedures. Headquartered in Wayne, Pennsylvania, Teleflex employs approximately 12,000 people worldwide and serves healthcare providers in more than 150 countries.
The company’s diverse product portfolio spans across several key segments: vascular access, interventional, anesthesia, surgical, interventional urology, original-equipment manufacturing, and others. These segments collectively cover a wide range of medical needs, from complex surgical interventions to everyday critical care requirements.
Teleflex’s vascular access segment, contributing 24% to 2023 sales, includes innovative solutions for secure and reliable bloodstream access. The interventional segment, accounting for 17%, focuses on cutting-edge devices for minimally invasive procedures. Anesthesia and surgical segments, with 13% and 14% of sales respectively, offer advanced tools and technologies to improve patient outcomes during surgeries.
The company’s interventional urology segment, noted for its UroLift™ System, addresses benign prostatic hyperplasia (BPH) with minimally invasive solutions that preserve patient quality of life. Original-equipment manufacturing and other segments contribute 11% and 10% of sales respectively, underscoring Teleflex’s broad manufacturing capabilities and diverse product offerings.
Teleflex's geographic exposure is primarily in the United States, which generates 60% of its revenue, with international markets contributing the remainder. The company’s global reach and diverse product lines highlight its significant impact on the healthcare industry worldwide.
In recent years, Teleflex has achieved notable success with a 6.5% constant currency revenue growth in 2023, driven by the expansion of its geographic presence and the launch of innovative new products. The company has strategically acquired Palette Life Sciences AB, enhancing its portfolio and operational efficiencies.
Teleflex remains committed to its mission of providing solutions that improve outcomes and enhance safety for patients and healthcare providers. By leveraging purpose-driven innovation, Teleflex continues to address unmet clinical needs and advance healthcare technologies.
For more information about Teleflex and its comprehensive product offerings, please visit teleflex.com.
Teleflex reported second quarter 2020 revenues of $567.0 million, a decline of 13.1% year-over-year, attributed largely to a $130 million revenue hit from COVID-19. GAAP diluted EPS fell 86.4% to $0.24, while adjusted diluted EPS decreased 27.4% to $1.93. The company announced a workforce reduction to improve cost structure and is not reinstating 2020 financial guidance due to ongoing pandemic uncertainties. Despite challenges, Teleflex holds over $550 million in cash and plans to continue generating long-term growth.
Teleflex announced that the UroLift System has successfully treated 200,000 patients suffering from benign prostatic hyperplasia (BPH), a condition affecting over 40 million men in the U.S. The minimally invasive device offers rapid symptom relief with quick recovery, allowing men to return to normal activities while preserving sexual function. The company's president noted the increasing physician adoption and positive real-world data supporting the UroLift's efficacy as a standard treatment for BPH.
Teleflex, ticker TFX, has presented data on the UroLift System for treating benign prostatic hyperplasia (BPH) at the EAU 2020 virtual congress. The studies confirmed the system's safety and effectiveness in diverse patient groups, highlighting significant improvements in the International Prostate Symptom Score (IPSS) over various time points. Key findings include 60% of patients being catheter-free by one month post-treatment and 83% recommending the procedure. The UroLift System is indicated for men with enlarged prostates and aims to provide rapid symptom relief without the adverse effects commonly associated with other treatments.
Teleflex Incorporated (NYSE: TFX) will release its second quarter 2020 financial results on July 30, 2020, before market open. An investor conference call is scheduled for the same day at 8:00 a.m. (ET), accessible via a live audio webcast on their website. A replay of the call will be available from 11:00 a.m. (ET) on July 30 to 11:00 a.m. (ET) on August 4, 2020. Teleflex specializes in medical technologies aimed at improving health and quality of life, with a diverse portfolio across various medical fields.
Teleflex announced survey results revealing that a significant number of American men over 40 are prescribed multiple medications, particularly for benign prostatic hyperplasia (BPH). The surveys showed that many believe BPH is solely medication-treatable, despite alternatives like the UroLift System being available. Over 54% of men with BPH use medication, with 27% having stopped due to side effects. The need for better patient education on minimally invasive treatments is emphasized, with over 175,000 men having opted for the UroLift System, a treatment that avoids common medication side effects.
Teleflex Incorporated (NYSE: TFX) has introduced an online submission portal for its COVID-19 Humanitarian Product Donation Program. The initiative aims to supply critical medical devices, including Personal Protective Equipment, to healthcare providers and patients battling COVID-19. Teleflex emphasizes that the program is strictly humanitarian, with no expectation of commercial gain. Donations will be reported to relevant governmental agencies to ensure transparency. For further details, interested parties can reach out via the provided email or visit the Teleflex website.
Teleflex (NYSE: TFX) has released data showing the superior efficacy of the UroLift® System for treating benign prostatic hyperplasia (BPH) compared to the Rezum™ steam injection. The study revealed that 93% of patients treated with UroLift were catheter-free by day three, compared to just 45% for Rezum. Additionally, 83% of UroLift patients expressed satisfaction with their treatment, versus 65% for Rezum. The UroLift System allows for rapid recovery and preservation of sexual function, highlighting its growing acceptance in urological care.
WAYNE, Pa., June 03, 2020 - Thomas Powell, CFO of Teleflex (NYSE: TFX), will present at the Raymond James 2020 Human Health Innovation Conference on June 17, 2020 at 2:20 p.m. ET. A live audio webcast of his presentation, along with slides, will be available on the Teleflex investor website.
Teleflex is a global medical technology provider focused on innovative solutions across various healthcare fields including vascular access, anesthesia, and emergency medicine.
Teleflex Incorporated (NYSE: TFX) has announced the enrollment of the first patient in a pivotal clinical study evaluating the effectiveness of its coronary guidewires and specialty catheters in Chronic Total Occlusion (CTO) procedures. The CTO-PCI study aims to enroll up to 150 patients at roughly 15 sites across the US. The study will assess key metrics, including successful guidewire placement and major adverse cardiac events. The principal investigators from notable institutions emphasize the importance of this research in enhancing techniques for treating complex coronary blockages.
Teleflex announced the pricing of a private offering of $500 million in 4.25% senior notes due 2028, scheduled to close on May 27, 2020. The notes will be guaranteed by its wholly-owned domestic subsidiaries. Proceeds will be used to repay borrowings under its revolving credit facility. This offering is made under exemptions from the Securities Act of 1933, targeting qualified institutional buyers and certain non-U.S. persons. The notes have not been registered and cannot be sold in the U.S. without registration or exemption.
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