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What would a decade-old investment of $1,000 in Align Technology be worth today?

July 13, 2021 | Business | News

SAN JOSE, Calif., U.S.: The Invisalign clear aligner system entered the market with a string of patents and no competitors in the late 1990s. According to Zacks Equity Research, a June 2011 investment of $1,000 (€700) in its manufacturer, Align Technology, would have gained 2,668% in value by June this year.

BioHorizons grants gift to NYU Dentistry to expand access, education for implant dentistry

June 21, 2021 | Business

NEW YORK, U.S.: BioHorizons Implant System, a leading global provider of dental implant and tissue regeneration products, has donated funding and in-kind support to the New York University College of Dentistry (NYU Dentistry) to facilitate access to dental implants for patients in need and to enhance the college’s continuing education programs.

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Consolidation ramps up as Dentsply Sirona acquires assets of Propel Orthodontics

June 9, 2021 | Business | News

CHARLOTTE, N.C., U.S.: Dental giant Dentsply Sirona has acquired the assets of U.S.-based Propel Orthodontics. Propel develops and manufactures orthodontic devices and sells them around the world, and Dentsply Sirona says that the acquired assets will strengthen its position in the fast-growing clear aligner market.

Dentsply Sirona and 3Shape announce strategic partnership

June 4, 2021 | Business

CHARLOTTE, N.C., U.S./COPENHAGEN, Denmark: Dentsply Sirona announced recently that it has entered into a partnership with 3Shape, a Danish developer and manufacturer of 3D scanners and CAD/CAM software solutions. The first step of this partnership focuses on a facilitated collaboration for better access between 3Shape’s intraoral scanner TRIOS and Dentsply Sirona’s SureSmile Aligners.

Cyberattack could cost SmileDirectClub $15 million

June 2, 2021 | Business | News

NASHVILLE, Tenn., U.S.: In May, direct-to-consumer orthodontics company SmileDirectClub (SDC) was the victim of a substantial cyberattack. Numerous parts of SDC’s business were affected, including treatment planning, manufacturing and product delivery, and the company has since downsized its revenue forecast for the second quarter of this year by $10 million to $15 million (€8 million to €12 million).

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Top three trends influencing U.S. dental bone grafting industry in 2021

June 2, 2021 | Business

NEW YORK, U.S.: Dental bone grafting has become an important and common step in the dental implant procedure. Advancements in allograft, xenograft and synthetic bone graft materials have positioned them as suitable alternatives to traditional autologous bone grafts, and this has created a thriving market for dental biomaterials. Although demand declined significantly in 2020 owing to the rippling economic effects of the COVID-19 pandemic, it is expected to recover quickly alongside the overall demand for dental implants.

Dentsply Sirona partners with FDI World Dental Federation on sustainability

May 10, 2021 | Business

CHARLOTTE, N.C., U.S./GENEVA, Switzerland: As a global industry leader, Dentsply Sirona recognizes its responsibility to the environment and is focused on ways to become a more sustainable business through investment and innovation. In this spirit, the company is pleased to announce its participation as a founding partner in FDI World Dental Federation’s Sustainability in Dentistry initiative.

Canada invests in Septodont’s pharma division to combat COVID-19

April 6, 2021 | Business

CAMBRIDGE, Ontario, Canada: Septodont, a global pharmaceutical and medical device company specializing in dental pain management, has announced that its Canada-based pharma division, Novocol Pharma, will receive funding of over C$32 million from the Canadian government. The investment is part of a countrywide initiative to advance vaccines and therapeutics for COVID-19 on a national level.

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North American Dental Group and Dentsply Sirona extend and expand partnership

March 18, 2021 | Business | News

CHARLOTTE, N.C., U.S.: Dentsply Sirona and the Pittsburgh-headquartered dental support organization (DSO) North American Dental Group (NADG) have agreed to extend a partnership related to digital imaging solutions. In a press release, Dr. Andrew Matta of NADG said that the new agreement will help the DSO to keep up to speed with the continuing evolution of dental care.

SmileDirectClub praises growing acceptance of teleorthodontics

March 10, 2021 | Business | News

NASHVILLE, Tenn., U.S.: Orthodontics disruptor SmileDirectClub (SDC) reported small declines in revenue and clear aligner case numbers for the fourth quarter of last year. The company’s chairman and CEO, David Katzman, outlined SDC’s continued global expansion, however, and said that consumers and dentists had shown increased acceptance of its direct-to-consumer tooth straightening business model during the pandemic.

Henry Schein presents view on the future of dentistry

March 4, 2021 | Business

MELVILLE, N.Y., U.S.: During the Chicago Dental Society Midwinter Meeting, which took place online for the first time this year, Henry Schein virtually hosted a global media event on Feb. 25. At its Managing Through Crisis for a Stronger Tomorrow press conference, the company’s leadership presented key lessons from the COVID-19 pandemic and provided a look into the future as dentistry emerges from this world crisis.

Henry Schein named one of World’s Most Admired Companies

February 19, 2021 | Business

NEW YORK, U.S.: Henry Schein has announced that it features on the FORTUNE World’s Most Admired Companies list for 2021. This marks the 20th consecutive year of recognition for the company.

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Vyne Dental releases state of the dental industry report 2021

February 1, 2021 | Business

ATLANTA, U.S.: Vyne Dental, a recognized market leader in health care information exchange and electronic communication management, has announced the results of the Vyne State of the Dental Industry Report 2021. This comprehensive survey of over 400 dental practices in the U.S. sought to understand how they have transformed in 2020 and their perspectives headed into the new year. It considered the impact of 2020, hiring and the economy, technology, industry and overall practice outlook.

BIOLASE and DCA plan to expand laser adoption in dental offices

January 15, 2021 | Business

IRVINE, Calif., U.S.: The dental laser innovator BIOLASE has announced an agreement with Dental Care Alliance (DCA), one of the largest dental support organizations in the U.S. with more than 330 affiliated practices in 20 states. With this joint effort, they aim to expand laser adoption and hands-on training programs in targeted geographical areas.

Business acquisition: Young buys Preat

December 3, 2020 | Business

ALGONQUIN, Ill., U.S.: Young Innovations, a global portfolio company that supplies a wide range of dental products, has recently announced the acquisition of Preat Corp., a leading provider of dental implant components, attachments and tools. Since the early 2000s, Young has grown through a series of acquisitions in a variety of dental segments. It has acquired seven organizations to date.

Pent-up demand helps Align Technology top pre-COVID-19 sales

November 6, 2020 | Business | News

SAN JOSE, Calif., U.S.: Half a million cases of clear aligners sounds like a considerable number—and indeed it is. It appeared that Align Technology had shrugged off the impact of the SARS-CoV-2 pandemic when the company revealed that Invisalign sales for the third quarter had nearly eclipsed the half-million mark. This was a substantial increase on the comparable pre-COVID-19 quarter last year. According to President and CEO Joseph M. Hogan, the increase was driven by pent-up demand for orthodontic care and by the availability of unused disposable income.

BIOLASE reports revenue rebound

October 29, 2020 | Business | News

FOOTHILL RANCH, Calif., U.S.: Medical device company BIOLASE expects that its U.S. sales revenue for the third quarter of 2020 will be in line with that of the corresponding pre-COVID-19 period last year. The company’s sales fell sharply in the first half of this year, but its preliminary earnings announcement will bring a degree of optimism as a host of major dental companies prepare to release their third quarter earnings reports in the coming weeks.

Digital orthodontics company raises funds for 3D-printed brackets

October 7, 2020 | Business | News

CAMBRIDGE, Mass., U.S.: LightForce Orthodontics is a digital dentistry platform that provides orthodontists with fully customized 3D-printed tooth-moving tools. Its customizable 3D brackets are the first of their kind on the market, and they are designed to reduce patient visits and treatment duration. The company launched LightForce this year, after five years of research and development, and has now raised $14 million (€12 million) in funding for the further development and commercialization of the system.

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