By Thomas Lee
Owens & Minor (NYSE:OMI) landed $547.2 million worth of U.S. Dept. of Defense contracts, the federal agency revealed.
The two-year contracts representing $442.6 million, $68.4 million and $36.2 million are for medical surgical supplies and services for every branch of the armed forces, plus "federal civilian agencies and other non-DOD agencies." Each contract is set to be completed April 19, 2012.
Intuitive Surgical Inc. (NSDQ:ISRG) and Cardica Inc. (NSDQ:CRDC) agreed to integrate Cardica’s micro-cutter technology for Intuitive’s da Vinci robotic surgery system and for Intuitive to pick up a 3 percent stake in Cardica.
Atrium Medical Corp. entered into two three-year deals with Charlotte, N.C.-based group purchasing organization Premier Inc.
Premier awarded the Hudson, N.H.-based soft tissue reinforcement technology developer a contract from its group purchasing organization Premier Purchasing Partners L.P. and a dual-source surgical mesh agreement for Premier’s Accelerated Supply Chain Endeavor program participants. Premier’s network of more than 2,300 U.S.-based hospitals and over 68,000 health centers band together to negotiate contracts with medical product companies.
Thermedx LLC received U.S. Food & Drug Administration market clearance for its surgical fluid management system.
It’s the first market clearance for the Solon, Ohio-based company since opening for business in 2007.
Joseph Lister, a British surgeon, established the founding principles of aseptic technique in the journal Lancet in 1867. Before then, surgeons did not wash their hands before operating or disinfect their surgical instruments. (Shudder.) In case you’ve ever sat up late at night pondering the origins of the word “Listerine,” you’ll be glad to learn it’s named after this important surgeon.
Surgical instruments maker NuOrtho Surgical Inc. won 510(k) clearance from the Food & Drug Administration for its Ceruleau electrosurgical probe.
The device is the first of the Fall River, Mass.-based company’s tissue preservation surgical tools. The Ceruleau is a 3.5mm arthroscopic radio frequency electrosurgical probe designed to use low-level radio frequencies to smooth and contour frayed or torn cartilage while avoiding damage to adjacent cartilage, according to a press release.
The Food & Drug Administration is warning healthcare providers to be on the lookout for fake surgical mesh products that ape C.R. Bard’s (NYSE:BCR) Davol Inc. brand, saying hospitals and surgical centers — not to mention patients with surgical mesh implants — should be especially vigilant.
The federal watchdog agency said four sizes of the counterfeit flat sheet polypropylene surgical mesh have been pegged by the FDA and Bard so far:
A slumping dollar was just enough to keep Stryker Corp. sales from completely flat-lining during the third quarter.
The decline in the value of the U.S. dollar against other currencies worked to prop up otherwise flat sales for the orthopedic and surgical equipment manufacturer during the three months ended Sept. 30, resulting in a 1.2 percent quarterly increase in sales compared with year-ago results.
Stryker’s bottom line also benefited from a soft dollar, turning a modest $3 million gain in third-quarter net income into a 1.3 percent jump in profits.