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Orthopedics

Needham & Co. downgrades Medtronic, Zimmer Biomet shares

May 27, 2022 By Chris Newmarker

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 […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, News Well, Orthopedics, Surgical, Wall Street Beat Tagged With: BTIG, Medtronic, Needham & Co., Truist Securities, Zimmer Biomet

Quidel, Ortho Clinical Diagnostics combine to form in vitro diagnostics company

May 27, 2022 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Diagnostics, Featured, Genomics/Molecular Diagnostics, Mergers & Acquisitions, News Well, Orthopedics, Wall Street Beat Tagged With: Ortho Clinical Diagnostics, Quidel, QuidelOrtho

Zimmer Biomet adds ESG and CEO visibility to executive’s duties

May 26, 2022 By Jim Hammerand

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 […]

Filed Under: Blog, Business/Financial News, News Well, Orthopedics Tagged With: esg, Zimmer Biomet

Exactech announces first U.S. surgeries with its nex-gen laser cage glenoid

May 25, 2022 By Danielle Kirsh

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 […]

Filed Under: Orthopedics Tagged With: Exactech Inc.

Stryker launches dynamic compression system for foot, ankle applications

May 25, 2022 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Featured, Implants, Orthopedics Tagged With: Stryker

Zimmer Biomet narrowly avoids shareholder rebuke on executive pay

May 20, 2022 By Jim Hammerand

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 […]

Filed Under: Blog, Business/Financial News, Featured, News Well, Orthopedics Tagged With: Medtronic, SEC, Zimmer Biomet, ZimVie

FDA clears Accelus’ Toro-L interbody fusion system

May 19, 2022 By Sean Whooley

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 […]

Filed Under: 510(k), Food & Drug Administration (FDA), Implants, Orthopedics, Regulatory/Compliance, Spine

FDA clears DePuy Synthes’ Inhance for total shoulder arthroplasty

May 17, 2022 By Chris Newmarker

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 […]

Filed Under: 510(k), Featured, News Well, Orthopedics, Regulatory/Compliance Tagged With: DePuy Synthes, Johnson & Johnson

Exactech announces breakthrough nod for JointMedica’s hip resurfacing system

May 17, 2022 By Sean Whooley

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 […]

Filed Under: Food & Drug Administration (FDA), Implants, Orthopedics, Regulatory/Compliance Tagged With: Exactech Inc., JointMedica

Zimmer Biomet appoints new chief accounting officer

May 16, 2022 By Danielle Kirsh

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. […]

Filed Under: Business/Financial News, News Well, Orthopedics Tagged With: Personnel Moves, Zimmer Biomet

How Stryker includes users for product design in the digital age

May 13, 2022 By Jim Hammerand

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 […]

Filed Under: Featured, Food & Drug Administration (FDA), Implants, News Well, Orthopedics, Robotics, Software / IT, Surgical Tagged With: DeviceTalks Boston, FDA, Stryker, Vocera

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