Category: OlympusSyndicate content

Olympus abandons U.S. biotech biz

March 10, 2014 by Brad Perriello

Japanese tech giant Olympus is shuttering its U.S. biotech business and looking to sell off the New Hampshire plant that makes the OP-1 bone growth putty it bought from Stryker in 2010, spelling layoffs for some 200 workers.

Olympus abandons U.S. biotech biz

Olympus (PINK:OCPNY) said it's shutting down its U.S. biotech business after failing to "gain the traction necessary to build a broader regenerative medicine portfolio," meaning layoffs for the unit's 200 workers.

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Judge OKs $2.6M Olympus shareholder settlement

February 5, 2014 by Brad Perriello

A $2.6 million deal to settle a shareholder's lawsuit filed over the $1.7 billion accounting scandal that slashed 50% from Olympus Corp. in 2011.

Judge OKs $2.6M Olympus shareholder lawsuit settlement

A shareholder's lawsuit filed against Olympus (PINK:OCPNY) over a $1.7 billion accounting scandal is slated for a $2.6 million settlement after a federal judge granted preliminary approval to the deal last week.

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GPO: Premier awards Technology Breakthroughs contract to Olympus America

July 31, 2013 by Sony Salzman

Group purchasing organization Premier inked a deal with Olympus America for the company's Thunderbeat surgical tool, signing it up under the GPO’s program for innovative new technologies.

PremierHealthcareAlliance

Olympus America, a Center Valley, Pa.-based commercial camera and medical supply maker, landed a contract to supply surgical tools to members of group purchasing organization Premier healthcare alliance.

Olympus Medical wins FDA clearance for HD 3D surgical system

April 25, 2013 by Sony Salzman

The FDA clears Olympus for its high definition 3D video imaging system for laparoscopic surgery.

Olympus

Olympus (PINK:OCPNY) won 510(k) clearance for its Articulating HD 3D laparoscopic surgical video system, which provides an additional 3D option to the company's Evis Exera III imaging system.

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Sony picks up 11% Olympus stake for $640M | Wall Street Beat

October 1, 2012 by MassDevice staff

Sony Corp. plans to acquire an 11% stake in beleaguered Olympus Corp. for $642 million.

MassDevice.com Wall Street Beat

Sony Corp. (TYO:6758) plans to become the largest shareholder in Olympus (TYO:7733) with a $642 million investment that will give it an 11% stake in Olympus.

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Buyout: Terumo aims to merge with a post-scandal Olympus Corp.

July 26, 2012 by MassDevice staff

Japan's Terumo Corp. proposes a merger with Olympus Corp., aiming for a buyout to block rival companies' advances.

mergers and acquisitions

Asian medical device giant Terumo Corp. (TYO:4543) confirmed rumors of a proposed buyout of  Olympus (PINK:OCPNY) in the aftermath of a $1.7 billion accounting scandal.

Stryker to begin New York layoffs ahead of the medical device tax | Wall Street Beat

June 25, 2012 by MassDevice staff

Stryker's plans to cut more than 100 jobs by closing 2 New York manufacturing facilities will begin in September and continue on a rolling basis until the end of the year, just ahead of implementation of the 2.3% medical device tax.

MassDevice.com Wall Street Beat

Stryker (NYSE:SYK) is making good on plans to cut more than 100 positions by closing 2 New York manufacturing plants, moves that the company previously attributed to attempts to cut costs ahead of the coming 2.3% medical device tax.

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