Medtech CEO compensation averaged $10.5 million during the companies’ most recent fiscal years. That number from our recent MassDevice analysis may seem like a lot to an average person — but not as much in the world of corporate CEOs. In fact, the average compensation of S&P 500 company CEOs was $25.2 million in 2022, […]
Stryker
Stryker expands Gamma4 hip fracture nailing system
Stryker announced today that it expanded its Gamma4 hip fracture nailing system by adding an intermediate nail. The latest expansion received FDA 510(k) clearance in June 2023. Since its 2022 launch, Gamma4 has been used in more than 19,000 cases across more than 850 facilities. Kalamazoo, Michigan-based Stryker now incorporates the RC Lag screw and […]
First arthroplasty procedures performed with Stryker mixed-reality guidance system
Stryker announced today that surgeons completed the first shoulder arthroplasty surgeries using its mixed reality (MR) guidance. Dr. Joaquin Sanchez-Sotelo of Mayo Clinic and Dr. George Athwall of St. Joseph’s Health Care (London, Canada) performed the surgeries. Kalamazoo, Michigan–based Stryker designed its Blueprint MR guidance system to combine software with the Microsoft HoloLens 2 headset. […]
The top medtech trends of 2023
The top medtech trends of 2023 included innovations such as artificial intelligence, new GLP-1 weight loss drugs and some long-awaited medtech finally receiving regulatory nods. With health providers facing additional challenges on top of an ever-uncertain economic environment, medtech companies also made major readjustments: layoffs, spinoffs, reorganizations and much more. Here are the top stories […]
Stryker to acquire joint replacement company SERF SAS
Stryker announced today that it executed a binding offer to acquire SERF SAS, a France-based joint replacement company. The Kalamazoo, Michigan-based orthopedic giant executed the offer with Menix, a leader in the dual mobility and first intention stem markets in France. SERF SAS develops, manufactures and sells a range of large joint replacement products on […]
Stryker beats The Street in Q3, CEO Lobo allays GLP-1 fears
Stryker shares fell slightly this morning on third-quarter results that topped the consensus forecast. Shares of SYK dipped 1.8% at $273.22 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 1.4%. The Kalamazoo, Michigan-based company posted profits of $692 million, equaling $1.80 […]
State of the industry — Execs ‘more bullish than ever’ on medtech
Ernst & Young’s 2023 Pulse of the Industry medical technology report may not have been overly positive, but medtech executives certainly are. The EY report highlighted sluggish revenues and post-COVID-19 corrections leading to a growth decline. In fact, it was the lowest growth in medtech since 2015. Roughly half of medtech stock price gains realized […]
‘Love, yet fear’ — how medtech is stepping into the digital sphere
Dr. Rajiv Sethi likes to compare the implementation of digital technologies and automation in medtech to the automation in an airplane. If the pilots experienced an issue with their technology or the weather, for instance, they could manually interject, he says. But, the “vast majority of the work” goes down to automation. Sethi serves as […]
Stryker launches minimally invasive surgical bunion treatment
Stryker announced that it launched the PROstep MIS Lapidus fixation system for bunions. Kalamazoo, Michigan-based Stryker designed the system to treat bunions using a minimally invasive surgical reduction. It uses the hallux valgus deformity and subsequent fusion of the first metatarsal cuneiform joint. Traditionally, surgeons performing Lapidus bunion procedures use an open approach. Stryker cites […]
Stryker unveils next-gen minimally invasive surgical camera
Stryker announced today that it unveiled its next-generation 1788 surgical camera platform. Kalamazoo, Michigan-based Stryker designed the fully enhanced, minimally invasive camera to advance surgery across multiple specialties. The all-in-one surgical camera platform offers more vibrant images with balanced lighting. It also features a wider color gamut and clearer delineation of fluorescence signals, Stryker said […]
FDA clears Pangea trauma systems from Stryker
Stryker (NYSE:SYK) announced today that its Pangea systems — including femur, fibula, tibia, humerus and utility — received FDA 510(k) clearance. Kalamazoo, Michigan-based Stryker designed its Pangea systems with collaborative efforts from world-renowned orthopedic surgeons. The plates offer an evidence-based design for implant fit. The company said in a news release that it designed the […]