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SurModics

Latest Headlines

Latest Headlines

SurModics selling drug delivery unit to Evonik for $30M

Wounded from the loss of stent-coating business from Johnson & Johnson ( $JNJ ), SurModics ( $SRDX ) has decided to sell off its drug delivery unit. German chemical giant Evonik has agreed to gobble

SurModics selling drug delivery unit to Evonik for $30M

Wounded from the loss of stent-coating business from Johnson & Johnson ( $JNJ ), SurModics ( $SRDX ) has decided to sell off its drug delivery unit. German chemical giant Evonik has agreed to gobble

SurModics slashes delivery tech workforce, closes plant in restructuring

SurModics ( $SRDX ), which markets drug delivery technology, is laying off 9% of its workforce and bidding goodbye to the company's CFO and human resources chief in a reorganization spurred by the loss

SurModics cutting 9% of workforce in realignment

Eden Prairie, MN-based SurModics ($SRDX) will cut 9% of its workforce as part of an effort to realign its business. CFO Philip Ankeny and Jan Webster, VP, Human Resources are among those receiving

Drug-delivery company SurModics cuts 9% of workforce after J&J loss

SurModics ( $SRDX ), the troubled Eden Prairie, MN-based drug-delivery company, keeps the bad news coming with an announcement that it will let 20 employees go, including CFO Philip Ankeny in a

J&J drops Cypher drug-coated stents in more bad news for SurModics

Johnson & Johnson subsidiary Cordis has decided to stop making drug-coated stents by the end of the year, which is more bad news for Eden Prairie, MN-based drug-delivery company SurModics--the

SurModics might sell pharma unit, names new chief

SurModics ( $SRDX ), the troubled Eden Prairie, MN-based drug-delivery company, has named Gary Maharaj president and CEO and is looking at selling its pharmaceuticals unit, according to published

Hedge fund Ramius tries to shake up SurModics

Just a few hours after we "went to press" last week with this bleak news from Minnesota drug-delivery firm SurModics ( $SRDX ), there was, in the words of Thomas Lee of MedCity News, "the latest twist

SurModics' ($SRDX) revenue cold as Minnesota

As the weather gets bleaker in Minnesota, the Minneapolis Star Tribune is reporting some bleak news about SurModics ( $SRDX ), an about Eden Prairie-based drug-delivery company. Share price does not

SurModics cuts 13% of staff in reorg

Drug delivery company SurModics said this morning that it's reorganizing its operations into three business units and cutting its staff by about 13 percent. The developer didn't say how many