Second-quarter losses soared more than 206% for DJO Global on a $68.0 million charge related to a debt refinancing, as the strong dollar pushed sales down -1%. DJO’s losses grew 206.6% to -$78.0 million on sales of $310.8 million for the 3 months ended June 27. Excluding the $14.0 million effect of foreign exchange rates, sales grew 3.5% compared […]
DJO Global
DJO Global launches wireless electrostim device
DJO Global said today it won FDA 510(k) clearance for the Compex Wireless USA electronic stimulation device and is launching it in the U.S. market. The Compex Wireless USA is the 1st wireless muscle electrostim approved by the FDA, DJO Global said. The device targets specific muscle fibers that cannot be reached through tranditional workouts by sending […]
DJO Global closes Zimmer/Biomet buys
DJO Global said yesterday its subsidiary Encore Medical has closed on the purchase of Zimmer (NYSE:ZMH) and Biomet assets that the merging companies were unloading to satisfy U.S. anti-trust regulations. The purchase included Biomet Cobalt bone cement, Optivac cement mixing accessories, the SoftPac pouch and Discovery elbow system for the U.S. marketplace, DJO Global said. Financial details of […]
Cook elevates medical prez Yonkin to Cook Group prez | Personnel Moves
Cook said yesterday that Cook Medical president Pete Yonkman will become the new president of Cook Group Inc., as current president Kem Hawkins is slated to retire on July 1. “Under Kem’s leadership, we have seen exciting new opportunities to help patients, our employees, and the communities where we operate. With his guidance, our company […]
BAX drops FloSeal case against J&J | Medtech legal news for the week of April 13, 2015
Ex-FDA chief Hamburg moves to Institute of Medicine | Personnel Moves
Dr. Margaret Hamburg, who resigned as FDA commissioner in February, was named foreign secretary of the U.S. Institute of Medicine this week.
Hamburg spent 6 years leading the federal safety watchdog, overseeing a massive revamp of its medical device, drug, food and tobacco regulation.
Insurer, DJO Global settle pain pump suit
DJO Global and Ironshore Specialty Insurance agreed to settle their beef over a $10 million policy the medical device company invoked to cover legal claims in personal injury lawsuits filed over pain pumps it sold.
Appeals court upholds dismissal of pain pump suit against Stryker, Orthofix, others
Biolase board of directors cut by DE judge | Medtech personnel moves for the week of Mar. 24, 2014
DJO Global taps ex-Life Technologies exec for CFO role
DJO Global said it hired a new CFO, Susan Crawford, formerly of Life Technologies.
Crawford replaces Vickie Capps, who left DJO late last year "to pursue other business opportunities," the company said at the time.