Category: Wright Medical Group Inc.
Here's a look at some of the top legal news stories for medical device companies this week.
A federal appeals court upholds the dismissal of a lawsuit brought by shareholders of BioMimetic Therapeutics, acquired by Wright Medical in 2012.
Hedge fund giant BlackRock boosted its stake in a number of medical device companies last year, but cut its holdings in others, regulatory filings show.
Wright Medical Group Inc.
, Align Technology Inc.
, ArthroCare Corp.
, AtriCure Inc.
, Biolase Technology Inc.
, BlackRock Inc.
, Cutera Inc.
, Cynosure Inc.
, Dentsply International Inc.
, HeartWare International Inc.
, ICU Medical Inc.
, Medical Action Industries Inc.
, Merit Medical Systems Inc.
, NxStage Medical Inc.
, Thoratec Corp.
Wright Medical says it struck a deal with the FDA to submit more data on its Augment bone graft, previously deemed unapprovable by the watchdog agency.
Wright Medical (NSDQ:WMGI) said the FDA agreed to let it submit additional data for its pre-market approval application for the Augment bone graft it bought along with BioMimetic Therapeutics in 2012.
Wright Medical says it's not optimistic about an FDA dispute resolution panel this May on its Augment biologic bone graft.
Wright Medical (NSDQ:WMGI) said it's not optimistic about an FDA dispute resolution panel on its Augment biologic bone graft product, now slated for May, and would quickly move to cut costs at the BioMimetic Therapeutics subsidiary it bought back in 2012.
Wright Medical puts the finishing touches on its $36 million deal to buy OrthoPro.
Wright Medical (NSDQ:WMGI) said it closed the buyout of medical device maker OrthoPro, just a week after announcing the deal.
Salt Lake City-based OrthoPro makes devices to repair the foot and ankle; the acquisition is part of Memphis, Tenn.-based Wright's move to focus on the extremities market.
Wright Medical expands its footprint in the extremities market with a pair of acquisitions, saying it will pay a total of $126 million for Solana Surgical and OrthoPro.