Zimmer Biomet (NYSE:ZBH) said yesterday that it acquired Ortho Transmission and its transcutaneous osseous integrated skeletal implant technology for an undisclosed amount. The buyout dovetails with Zimmer Biomet’s joint program with the U.S. Defense Dept. to develop a transcutaneous system for anchoring external prosthetic limbs. Developed over a 10-year span by Dr. Ronald Hugate Jr., a former U.S. military surgeon, […]
defensedepartment
Hospira, Philips win Defense Dept. contracts worth $68m
The Department of Defense said yesterday that Hospira (NYSE:HSP) and Royal Philips (NYSE:PHG) won contracts with the defense agency for $50 million and $18.8 million, respectively. Hospira won a contract with the Defense Logistics Agency for $50 million to supply the department with pharmaceutical products, the DoD said. Hospira topped 35 other companies vying for the competitive […]
Cardinal Health wins $1B Defense Dept. contract renewal
The U.S. Defense Dept. yesterday awarded a $1.02 billion contract renewal to Cardinal Health (NYSE:CAH). The 20-month option calls for McGaw Park, Ill.-based Cardinal Health to provide medical and surgical supplies to the Tricare military healthcare program in 29 states. It’s the 2nd of 2 options included with the original 20-month contract, the Defense Dept. said. Owens & Minor […]
Deka wins $7m Defense Dept. contract for prosthetic arm
The U.S. Defense Dept. awarded a 57-month contract worth nearly $7 million to Dean Kamen’s Deka Innovative Solutions for the sensorized prosthetic arm Deka developed. The Deka arm is the 1st prosthetic arm to translate muscle signals into action that’s approved for the U.S. market. The device won de novo approval from the FDA in May […]
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Defense Dept. renews $77m Philips contract
Royal Philips (NYSE:PHG) won another year on its contract with the U.S. Defense Dept. for patient monitoring devices made by its Philips Medical Systems division, the Pentagon said yesterday.