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ArthroCare Corp.

Arthrex loses another round in patent spat with Smith & Nephew

August 21, 2019 By Nancy Crotti

Arthrex has lost another battle in a patent dispute with Smith & Nephew’s (NYSE:SNN) ArthroCare. A U.S. Court of Appeals panel today rejected Arthrex’s attempt to overturn a Patent Trial and Appeal Board ruling that two claims of an Arthrex patent on a surgical suture anchor are unpatentable. Smith & Nephew had challenged claims 10 […]

Filed Under: Featured, Legal News, News Well Tagged With: Arthrex Inc., ArthroCare Corp., Smith & Nephew

Sterigenics moves to upgrade shuttered device sterilization plant

June 27, 2019 By Nancy Crotti

Sterigenics said today that it has applied for permits to upgrade emissions controls at its Willowbrook, Ill. medical device sterilization plant, which had sterilized thousands of devices daily until its Feb.15 shutdown. The Illinois Environmental Protection Agency (EPA) closed the Willowbrook plant, citing excessive emissions of the sterilant ethylene oxide (EO), based on a federal […]

Filed Under: Business/Financial News, Featured, Food & Drug Administration (FDA), News Well, Regulatory/Compliance, Sterilization / Calibration Tagged With: AdvaMed, American Chemistry Council, arthrex, ArthroCare Corp., becton dickinson, Boston Scientific, Environmental Protection Network, Ethylene Oxide Sterilization Association, FDA, Gamma Processing Industry Alliance, Illinois FDA, Medline Industries Inc., Medtronic, Nelson Laboratories, Smith & Nephew, soterahealth, sterigenics, Stryker, Teleflex

Sterilization plant closures: Here’s why you need to care

March 29, 2019 By Nancy Crotti

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, […]

Filed Under: Business/Financial News, Cardiovascular, Catheters, Drug-Eluting Stents, Featured, Food & Drug Administration (FDA), Implants, News Well, Orthopedics, Outsourcing, Regulatory/Compliance, Spine, Stents, Sterilization / Calibration, Surgical Tagged With: AdvaMed, Arthrex Inc., ArthroCare Corp., becton dickinson, Boston Scientific, FDA, MassMEDIC, Medical Alley Assn., Medtronic, Smith & Nephew, sterigenics, Stryker, Teleflex

Ex-ArthroCare CEO Baker loses appeal of 20-year sentence

January 11, 2019 By Brad Perriello

A federal appeals court this week upheld the 20-year sentence imposed on former ArthroCare CEO Michael Baker after his second conviction in a $750 million fraud case. Baker and ex-ArthroCare CFO Michael Gluk were first convicted in June 2014 on charges that they ran a scheme to inflate revenues by dumping inventory, first with a distributor called DiscoCare and eventually via free shipments […]

Filed Under: Featured, Legal News, Orthopedics, Wall Street Beat Tagged With: ArthroCare Corp., Smith & Nephew

Ex-ArthroCare CEO Brown draws 20-year sentence

November 6, 2017 By Brad Perriello

A federal judge in Texas last week accepted prosecutors’ recommendations in sentencing former ArthroCare CEO Michael Baker to a 20-year prison term after his conviction in a $750 million fraud case. Baker and ex-ArthroCare CFO Michael Gluk were convicted in June 2014 on charges that they ran a scheme to generate false revenue numbers by dumping inventory, first with a distributor called DiscoCare and […]

Filed Under: Legal News Tagged With: ArthroCare Corp.

Prosecutors want ex-ArthroCare CEO Baker to do 20 years for fraud conviction

November 1, 2017 By Brad Perriello

Federal prosecutors in Texas want a judge to sentence former ArthroCare CEO Michael Baker to a 20-year prison term after his conviction in a $750 million fraud case. Baker and ex-ArthroCare CFO Michael Gluk were convicted in June 2014 on charges that they ran a scheme to generate false revenue numbers by dumping inventory, first with a distributor called DiscoCare and eventually via free […]

Filed Under: Legal News, Orthopedics Tagged With: ArthroCare Corp.

Conviction stands for ex-ArthroCare CEO Baker in $750m fraud case

October 13, 2017 By Brad Perriello

A federal judge Texas this week upheld the conviction of former ArthroCare CEO Michael Baker on eight counts of wire fraud, rejecting his argument citing a recent U.S. Supreme Court case. Baker and ex-ArthroCare CFO Michael Gluk were convicted in June 2014 on charges that they ran a scheme to generate false revenue numbers by dumping inventory, first with a distributor called DiscoCare […]

Filed Under: Legal News, Wall Street Beat Tagged With: ArthroCare Corp.

Ex-ArthroCare CEO Baker convicted again in fraud case

August 21, 2017 By Brad Perriello

A federal jury in Texas last week handed former ArthroCare CEO Michael Baker another loss in his second trial over an alleged $750 million fraud scheme, after a federal appeals court last year overturned his first conviction. Baker and ex-ArthroCare CFO Michael Gluk were convicted in June 2014 on charges that they ran a scheme to generate false revenue numbers by dumping inventory, […]

Filed Under: Legal News, Orthopedics Tagged With: ArthroCare Corp.

Ex-ArthroCare CEO Baker looks to dismiss wire fraud charges

June 20, 2017 By Fink Densford

Former ArthroCare CEO Michael Baker is looking to dismiss multiple counts of wire fraud based on a recent Supreme Court ruling which defined requirements for obtaining property as the result of a crime. In the trial, Baker is looking to dismiss 8 counts of wire fraud based on the recent reaffirmation by the Supreme Court […]

Filed Under: Legal News Tagged With: ArthroCare Corp.

Ex-ArthroCare CFO pleads guilty to single count after 10-year sentence overturned

June 15, 2017 By Brad Perriello

Former ArthroCare CFO Michael Gluk, who last year won his appeal of a 10-year sentence after being convicted of running a scheme to defraud investors of more than $750 million, yesterday pleaded guilty to a single count of conspiracy to commit wire fraud and securities fraud. Gluk and ex-CEO Michael Baker were convicted in June 2014; Baker was sentenced […]

Filed Under: Legal News, Orthopedics, Wall Street Beat Tagged With: ArthroCare Corp.

Appeals court tosses convictions of ex-ArthroCare CEO, CFO

January 26, 2016 By Brad Perriello

A federal appeals court yesterday overturned the criminal convictions of 2 former executives at ArthroCare, ruling that a lower court was wrong to exclude some and admit other evidence in their trials. Former ArthroCare CEO Michael Baker and ex-CFO Michael Gluk were convicted in June 2014 of running a scheme to defraud investors of more than $750 […]

Filed Under: Legal News Tagged With: ArthroCare Corp.

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