Needham & Co. Senior Research Analyst Mike Matson today downgraded his rating of Medtronic (NYSE:MDT) and Zimmer Biomet (NYSE:ZBH) shares to Hold, while Boston Scientific (NYSE:BSX) got an upgrade to Buy. MDT shares were down more than 1% to $97.98 apiece in morning trading, a day after Q4 earnings that missed The Street sent the […]
Orthopedics
Quidel, Ortho Clinical Diagnostics combine to form in vitro diagnostics company
Quidel (Nasdaq:QDEL) announced today that it completed its $6 billion acquisition of Ortho Clinical Diagnostics (Nasdaq:OCDX). In December 2021, San Diego-based Quidel and Ortho Clinical Diagnostics came to an agreement under which the former would acquire the latter for $24.68 per share of common stock, using a combination of cash and newly issued shares in […]
Zimmer Biomet adds ESG and CEO visibility to executive’s duties
Zimmer Biomet (NYSE:ZBH) today announced additional responsibilities for Investor Relations SVP and Chief Communications Officer Keri Mattox. Mattox’s new title at the Warsaw, Indiana-based orthopedics company is chief communications and administration officer. She will be responsible for “building and executing a comprehensive strategy around Environmental, Social and Governance (ESG) initiatives and increasing CEO visibility, engagement […]
Exactech announces first U.S. surgeries with its nex-gen laser cage glenoid
Exactech this week announced the first successful surgeries using its Equinoxe Laser Cage Glenoid in a shoulder implant procedure. The first procedures were completed at the Mayo Clinic in Jacksonville, Florida, and the Orthopedic and Spine Center of the Rockies in Fort Collins, Colorado. Two of the product’s design surgeons – Drs. Bradley Schoch and […]
Stryker launches dynamic compression system for foot, ankle applications
Stryker (NYSE:SYK) announced today that it launched its EasyFuse dynamic compression system for its ankle and foot portfolio. Kalamazoo, Michigan-based Stryker designed its EasyFuse dynamic compression system to decrease surgical complexity, provide strong dynamic-compression implants and reduce waste in the operating room. The company created the system using nitinol, a nickel titanium alloy metal known […]
Zimmer Biomet narrowly avoids shareholder rebuke on executive pay
An unusually large share of Zimmer Biomet (NYSE:ZBH) investors voted against the orthopedics company’s pay packages for top executives at the annual shareholder meeting. About 54 percent of voting shareholders supported the pay packages of the company’s five top-paid executives at the May 13 meeting, according to results filed with the SEC yesterday. In 2021, nearly 93 […]
FDA clears Accelus’ Toro-L interbody fusion system
Accelus announced today that it received FDA 510(k) clearance for its Toro Lateral (Toro-L) interbody fusion system. Palm Beach Gardens, Florida-based Accelus designed its Toro-L biplanar expandable lateral implant for a minimal insertion profile nad maximum bone graft delivery through the inserter. Toro-L includes a 14mm-wide insertion profile, expanding to the implant’s full width of […]
FDA clears DePuy Synthes’ Inhance for total shoulder arthroplasty
Johnson & Johnson MedTech’s DePuy Synthes ortho device company announced today that its Inhance system has received FDA clearance for total shoulder arthroplasty. DePuy Synthes officials say their company is first to market with a fully convertible should arthroplasty system. The new clearance is in addition to the system’s already cleared use in anatomic shoulder […]
Exactech announces breakthrough nod for JointMedica’s hip resurfacing system
Exactech announced today that the FDA granted a breakthrough device designation to JointMedica’s Polymotion hip resurfacing system. Gainesville, Florida-based Exactech, a minority shareholder of JointMedica, collaborates with the United Kingdom-based orthopedic device designer and manufacturer on next-generation hip resurfacing and holds exclusive global distribution rights to the product. “This designation by the FDA is a […]
Zimmer Biomet appoints new chief accounting officer
Zimmer Biomet (NYSE: ZBH) today announced that it appointed Paul Stellato as VP, controller and chief accounting officer. Prior to joining the Warsaw, Indiana-based company, Stellato was VP of finance and global business services at water tech company Xylem. He has also held numerous leadership roles at ITT Corporation, Arthur Andersen and Ernst & Young. […]
How Stryker includes users for product design in the digital age
Medical device developers and manufacturers like Stryker (NYSE:SYK) are changing how they approach design as digital technology becomes more crucial. Four Stryker executives shared how the Kalamazoo, Michigan–based orthopedic device giant is thinking differently about medical product development and how health care providers and patients will ultimately use them. The DeviceTalks Boston panel of Stryker […]
