Argonne National Laboratory researchers tested metal alloys that ortho device companies have used in artificial hips for decades. Materials scientists at the U.S. Department of Energy’s Argonne National Laboratory usually test metal alloys for their ability to contain nuclear waste for millions of years. A couple of years ago, two of them decided […]
Smith & Nephew gains on Q2 results, raised sales outlook
Shares in Smith & Nephew (NYSE:SNN) gained today in London and New York after the medical device giant posted strong first-half results and raised its revenue outlook for the rest of the year. London-based Smith & Nephew posted profits of $309 million, or 35.2¢ per share, on sales of $2.49 billion for the six months […]
Smith & Nephew closes Atracsys buy
Smith & Nephew (NYSE:SNN) said today that it closed the acquisition of Atracsys and its optical tracking camera technology for an undisclosed amount. The deal, announced earlier this month, adds the Switzerland-based company’s FusionTrack 500 optical tracking camera to the British orthopedics giant’s portfolio. Smith & Nephew said today that it plans to incorporate the Atracsys […]
Sterigenics moves to upgrade shuttered device sterilization plant
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 […]
Report: Smith & Nephew mulls shift to U.S. listing
The board of directors at Smith & Nephew (NYSE:SNN) reportedly discussed shifting its stock listing from the U.K. to the U.S., partly to free its CEO from British pay restrictions. The orthopedics and wound care giant last year tapped former Alere chief Namal Nawana to replace the retiring Olivier Bohuon. At Alere, Nawana pulled down […]
Smith & Nephew picks up optical tracking tech company
Smith & Nephew (NYSE:SNN) said today that it acquired Switzerland-based Atracsys Sarl and its optical tracking camera technology. The deal, which is expected to close in the third quarter of 2019, adds a “core enabling technology” to Smith & Nephew’s digital surgery and robotic platform, according to the medtech company. Smith & Nephew’s next-gen robotics platform […]
Smith & Nephew launch Conquest FN femoral neck fracture system
Smith & Nephew (NYSE:SNN) said today it launched its Conquest FN system intended to treat femoral neck fractures. The London-based company touted that the Conquest FN system is designed to address challenges associated with femoral neck fractures and provide intra-operative and post-operative reduction control. Smith & Nephew said they collaborated with FX devices to use its […]
7 companies using robot-assisted surgery to transform orthopedics
It seems as if every orthopedic device company is getting involved in robot-assisted surgery — rolling out robots to assist surgeons operating on the knee, hip, shoulder or spine. Two events in recent years especially signaled that robots were coming into their own in the space: Stryker spent $1.7 billion for Mako Surgical in order […]
Smith & Nephew closes Brainlab ortho asset buy
Smith & Nephew (NYSE:SNN) said today that it closed its acquisition of Brainlab‘s orthopedic joint reconstruction biz, which was originally announced in March. London-based Smith & Nephew that the acquisition will support its strategy as it looks to further its multi-asset digital surgery and robotic ecosystem. Brainlab’s orthopedic joint reconstruction biz produces digital workflow solutions for […]
Is the orthopedic device space in the midst of a robot revolution?
Stryker’s success with its Mako robot-assisted surgery platform has other orthopedic device companies hastening to enter the space. The big question is whether long-term outcomes will justify the expensive technology. More than five years after spending $1.7 billion to acquire Mako Surgical, Stryker is leading the way bringing robot-assisted surgery to the orthopedic space. The […]
Smith & Nephew gains on raised outlook
Smith & Nephew (NYSE:SNN) shares gained in London and New York today after the medical device giant met the consensus forecast for its first-quarter sales and raised its top-line outlook on the rest of the year. The London-based wound care and orthopedics company reported sales growth of 0.5% to $1.20 billion, in line with the […]
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