Category: Stryker Corp.
Stryker says Mako Surgical's sales are not as strong as hoped for when the orthopedics giant spent $1.7 billion on the robot-assisted surgery firm last year.
Stryker edges expectations on Wall Street despite a nearly 45% profit slide as it posts strong revenue growth and expands its footprint in Europe.
Stryker completes its acquisition of Small Bone Innovations, acquiring operations in Europe and Asia after having bought SBi's North American business in August.
Stryker (NYSE:SYK) said it closed the acquisition of Small Bone Innovations by adding SBi's operations in Europe and Asia.
Here's a look at some of the top legal news stories for medical device companies this week: ArthroCare ex-CEO faces 30-year sentence for fraud; Shareholders sue Edap following FDA slip; Ex-sales rep wins class action status in lawsuit against Stryker; Another Covidien shareholder sues over Medtronic deal; Respiratory rivals ResMed, BMC each tally wins in Trade Commission ruling
A lawsuit filed by a former Stryker Corp. sales rep over alleged reimbursement failures wins class action status for all reps employed between February 2009 and October 2012.
Here's a look at some of the top legal news stories for medical device companies this week: Another Covidien shareholder sues to block Medtronic merger; Ex-Integra sales rep, manager cop to $800k hospital fraud scheme; Diabetes: Medtronic, Johnson & Johnson settle patent spat; Stryker settles hip implant suit against J&J's DePuy; Appeals court reverses Medtronic's win in Lenox bone mill spat
Wright Medical Group Inc.
, Zimmer Holdings
, DePuy Synthes
, Integra LifeSciences Corp.
, Johnson & Johnson
, Lenox MacLaren Surgical Corp.
, Smith & Nephew
, Stryker Corp.
A court orders Stryker to pay a $2 million to XL Insurance America, ruling that the insurer is entitled to the payment after maxing Stryker's $15 million policy limit in lawsuits over knee implants.
Orthopedics giant Stryker (NYSE:SYK) is on the hook for a $2 million payment to its insurance company after a court ruled this week that the insurer is entitled to recoup the deductible.