The recent shutdown of a Sterigenics medical device sterilization plant in Willowbrook, Ill. has affected medtech giants such as Becton Dickinson (NYSE:BDX), Boston Scientific (NYSE:BSX), Medtronic (NYSE:MDT), Smith & Nephew (NYSE:SNN) and Stryker (NYSE:SYK), according to an FDA list of devices processed at the sterilization plant. Medium-sized and smaller firms, including Teleflex (NYSE:TFX), Arthrex and ArthroCare also had devices processed there. The Willowbrook plant sterilized 594 types of devices, including sutures, clamps, […]
7 medtech stories we missed this week: March 16, 2018
From Intricon expanding its manufacturing space to Arthrex signing a global distribution deal, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. Intricon expands medical footprint Intricon announced in a March 13 press release that it has signed a 5-year lease that will secure 30,000 sq. ft of manufacturing […]
Arthrex loses appeal in patent spat with Smith & Nephew
Arthrex has lost an appeal before the US Court of Appeals for the Federal Circuit in a patent spat with Smith & Nephew (NYSE:SNN) related to suture anchors, according to court documents. The decision from Federal Circuit Judges Newman, Dyk and O’Malley reaffirmed an earlier decision from the Patent Trial and Appeal Board, which entered an adverse […]
Johnson & Johnson’s DePuy can’t stop ex-rep from working for Arthrex distributor
Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Synthes can’t stop a former sales rep from working for an Arthrex distributor in Idaho, a federal judge ruled last week. DePuy hired Richard “Jake” Williams in June 2015 to rep its orthopedic implants in Boise and had him sign employee secrecy, intellectual property, non-competition and non-solicitation agreements barring him from […]
Arthrex to build $74m plant, add 1,000 jobs to SC over 5 years
Arthrex is planning to build a $74 million manufacturing plant and add 1,000 jobs over 5 years in South Carolina, according to a Naples Daily News report. The plan was announced Monday and had been kept secret as the company worked out incentives with Anderson County, where the facility will be built, according to the report. […]
Smith & Nephew, Arthrex settle 12-year suture anchors spat
Smith & Nephew (NYSE:SNN) and Arthrex this week buried the hatchet on a 12-year-old dispute over patents covering suture anchors used in joint repair surgeries. Details on the settlement, which puts to bed several lawsuits filed in federal court in Texas, were not disclosed, according to court documents filed Feb. 13. The agreement follows a $17.4 million […]
Arthrex ponies up $5m royalty payment to Tiger X Medical
Arthrex this month paid $5.6 million in a royalty settlement and release agreement with Tiger X Medical, previously known as Cardo Medical, according to an SEC filing. The payment relates to a previously inked asset purchase agreement, signed in January 2011, in which Arthrex picked up Cardo Medical’s arthroplasty division, including all hip and knee […]
KFx logs another legal win over Arthrex
A federal judge in New Jersey last week handed another win to KFx Medical in its latest legal battle with orthopedics rival Arthrex. KFx sued Arthrex in August 2011, alleging infringement of its patents by Arthrex’s SutureBridge and SpeedBridge devices for rotator cuff repair and Achilles tendon repair. In October 2013 a jury found for KFx, awarding $29 million in damages. […]
Arthrex files another patent infringment against Smith & Nephew
Arthrex said today it served a patent infringement lawsuit against Smith & Nephew (NYSE:SNN) and its subsidiary ArthroCare in the Federal Court for the East District of Texas, Marshall Division. The lawsuit is the 2nd patent infringement Arthrex has filed against Smith & Nephew, and alleges 2 new infringements relating to Arthrex’s knotless anchor technology. “Since […]
Supreme Court denies Arthrex in $29m loss to KFx Medical
The U.S. Supreme Court this week declined to review a $29 million patent infringement loss for Arthrex, which wanted the high court to overturn a victory for orthopedics rival KFx Medical. In petitioning the Supremes, Arthrex argued that the appeals court’s decision to treat the “reason to combine” question in determining the obviousness of patent validity as a factual […]
Arthrex seeks Supreme Court review in $99m loss to Smith & Nephew
Arthrex asked the U.S. Supreme Court to review a $99 million loss to Smith & Nephew (NYSE:SNN) in a decade-long patent infringement war over anchors used in shoulder repair procedures. The British healthcare giant 1st sued Arthrex way back in 2004, winning a $20.5 million judgment in June 2008. Although that verdict was overturned the next year, […]
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