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Knees

Stryker offers Justice Dept. $33M to end knee devices probe

June 6, 2012 by MassDevice staff

Orthopedics giant Stryker offers the U.S. Justice Dept. a $33 million settlement to close the books on a probe of its OtisKnee implants.

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Michigan-based orthopedics giant Stryker (NYSE:SYK) offered the U.S. Justice Dept. a $33 million settlement to close the books on a federal investigation of its OtisKnee implants.

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Rep. Paulsen expects device tax repeal on the House floor this week (video) | MassDevice.com On Call

June 6, 2012 by MassDevice staff

Rep. Erik Paulsen expects his long-awaited efforts to repeal the medical device tax to reach the House floor this week, he says in the latest episode of his "Correspondence Corner" videos.

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MASSDEVICE ON CALL — Rep. Erik Paulsen's long-running effort to repeal the medical device excise tax is nearing a climax in the House, the Congressman said during a recent episode of his regular "Correspondence Corner" videos.

Before answering questions sent by his constituents, Paulsen gave a shout out to Minnesota medical device makers and said he expects his tax repeal bill to get a House vote this week.

Smith & Nephew gains on Q1 results

May 3, 2012 by MassDevice staff

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Shares of Smith & Nephew (FTSE:SN, NYSE:SNN) are up nearly 4% today after the British health products giant posted sales and earnings increases for the 1sst quarter.

Zimmer slides on Q1 results

April 26, 2012 by MassDevice staff

Zimmer Holdings shares slide 5% ahead of its 1st-quarter results showing Street-meeting earnings but lackluster sales of hip and knee implants.

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Investors sent shares of Zimmer (NYSE:ZMH) down 5% this morning in pre-market trading after the orthopedic device maker reported sales and earnings in-line with Wall Street's expectations, but lackluster sales of hip and knee implants.

The Warsaw, Ind.-based company posted profits of $209.6 million, or $1.17 per diluted share, on sales of $1.14 billion for the 3 months ended March 31.

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Democratic "buyers' remorse" for health care law? | MassDevice.com On Call

April 20, 2012 by MassDevice staff

A growing number of Democratic legislators are raising concerns about President Barack Obama's landmark health care reform ahead of election season.

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MASSDEVICE ON CALL — A growing number of Democrats are voicing concerns about President Barack Obama's Affordable Care Act ahead of election season, Healthwatch reported.

Criticisms came from both houses of Congress, including Rep. Dennis Cardoza (D-Calif.), Rep. Brad Miller (D-N.C.), Rep. Barney Frank (D-Mass.), Sen. Jim Webb (D-Va.) who wondered whether the measures came too fast and too soon.

Orthopedic survey: U.S. knee/hip market has hit bottom

April 13, 2012 by MassDevice staff

A survey of orthopedic docs by investment bank Leerink Swann yields mixed messages for the U.S. market for hip and knee reconstructions.

The U.S. market for hip and knee reconstructions may have hit bottom, but there's still a long way to go, according to a survey of orthopedic surgeons.

The investment bank Leerink Swann polled 76 "high volume" orthopedic surgeons, concluding that the knee and hip reconstruction market is "stable" but not "improving," with most knee and hip docs reporting unchanged patient surgery wait times and "only modest expectations in their next 12 month procedure growth forecasts."

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