MASSDEVICE ON CALL — Michael Orsinger, the J&J executive in charge of the recently formed DePuy Synthes unit, said "less than half of the necessary work" to incorporate Synthes is complete, according to an interview with Swiss business newspaper Finanz und Wirtschaft.
Orsinger noted challenges across the board – from streamlining IT and business platforms to new compliance regulators – but stressed that most of the angst is being felt by the merging companies and not by their customers.
However, he also told Finanzund Wirtschaft that his unit took some losses in their spinal implant business customer base and in thier R&D department. J&J began consildating the 2 companies’ spine business units after purchasing Synthes almost a year ago for a cool $19.7 billion.
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Former senator Brown criticizes device tax, FDA approval process
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