The share spiked after a gradual incline over the course of Thursday, April 3, peaking in the late morning on Friday before settling down to close at $82.60, a 1.8% drop on the day.
The orthopedics maker has made some big moves in the last month, closing the $120 million acquisition of Patient Safety Technologies and an closed-doors acquisition of Pivot Medial. The company also settled a lawsuit alleging that the company overcharged the U.S. Veterans Affairs Dept. for medical equipment.
SYK shares have gained about 10% since the start of the year and have jumped more than 26% since about a year ago.
E.U. Parliament agrees on stricter medtech controls
The European Parliament agreed last week to new monitoring and certification procedures for medical devices and diagnostics, taking lessons for high-profile hip and breast implant scandals that rocked the globe.
Pennsylvania doc preps pacemakers for recycling, despite FDA laws
The FDA prohibits recycling of medical implants, but some doctors, like Pennsylvania’s Dr. Daniel Mascarenhas, attempt to explant devices from dead patients to refurbish and send to countries in need.
Philips shows off its latest in healthcare tech
Technology giant Philips (NYSE:PHG) touted its latest healthcare innovations during its 3rd annual summit in London, showing off continuous telehealth systems, prostate cancer treatment tailoring and its efforts to leverage Google Glass technology in the operating room.