A group of prosthetic device makers has pledged to provide financial support to victims of the Boston Marathon bombing who lost limbs as a result of last month’s attack.
The American Orthotic & Prosthetic Association launched its "Coalition to Walk and Run Again," an effort to aide uninsured and under-insured victims of the April 15th bombing. The attack killed 3 people and left more than 200 injured, several of whom lost portions of their legs as a result.
Medical device company Össur’s “Life Without Limitations” slogan may achieve a new level of meaning Saturday when South Africa’s Oscar Pistorius takes the Olympic field in London for the individual 400-meter and 4×400 meter relay qualifying heats.
Pistorius, of course, is the double amputee who wears Össur’s Flex-Foot Cheetah on each of his legs, the 1st such candidate to compete in the Olympics. The high-caliber prosthetic technology has enabled Pistorius’ running career to flourish, earning him the nickname “Blade Runner,” and “fastest man on no legs.”
Sorin Group (BIT:SRN) managed to raise its bottom line despite flat sales for 2011 by raising its gross margin via restructuring, posting a profit increase of 48.3% for the year.
The Milanese cardiovascular device maker reported profits of $75.2 million (~€58.0 million) on sales of $963.4 million (~€743.4 million), compared with profits of $50.7 million (~€39.1 million) on sales of $966.5 million (~€745.8 million) during 2010.