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German health technology company Siemens Healthineers reported on Tuesday second-quarter revenue growth slightly below consensus expectations, as it was hurt by declining revenue in China. ...
The layoffs come amid the company’s diagnostic division overhaul and one month after disappointing 2Q23 revenue reports.
Siemens Healthineers said today that it plans to discontinue the use of its Corindus surgical robotics for cardiology procedures.
A decline in demand for rapid COVID-19 antigen tests dragged on the company's diagnostics division while lockdowns in China reduced routine testing.
The firm said it will cut costs and streamline operations by consolidating its immunoassay and clinical chemistry offerings into the Atellica Solution lineup and phase-out older platforms.