Smith & Nephew (NYSE:SNN) initiated a field safety corrective action to update its Profix 750 grams mallet cleaning and sterilization guide after complaints regarding a potential failure mode associated with the use of the mallet, used in surgeries. Profix supplier Signal Medical received complaints regarding the failure mode in which the poly tip of the mallet may […]
Smith & Nephew beats on Q3 sales, raises outlook
Smith & Nephew (NYSE:SNN) today reported third-quarter revenues that beat the consensus forecast and raised its outlook on the rest of the year. The London-based orthopedics and wound care giant posted sales growth of 6.6% to $1.25 billion for the three months ended Sept. 28, compared with Q3 2018. Analysts were looking for sales of […]
Smith & Nephew taps ex-Roche chief Diggelman for CEO | Personnel Moves, October 21, 2019
Smith & Nephew (NYSE:SNN) today named former Roche (PINK:RHHBY) chief Roland Diggelmann to replace Namal Nawana next month. Nawana, named to succeed Olivier Bohuon last year, is stepping down effective Nov. 1 “to pursue other opportunities outside of the U.K.,” the London-based healthcare giant said. Nawana is slated to stay on until Dec. 31 to […]
Smith & Nephew launches assurance program for Trigen Intertan hip nail
Smith & Nephew (NYSE:SNN) said yesterday that it launched the Intertan product assurance program centering on the performance Trigen Intertan intertrochanteric hip fracture nail. The Trigen Intertan device is designed to use a Smith & Nephew proprietary integrated compression screw to reduce risk of implant failure and non-union, reduce postoperative pain and increase time to […]
Appeals court tosses two ConforMIS patents despite settlement with Smith & Nephew
A federal appeals court has upheld U.S. Patent Trial and Appeal Board decisions invalidating two ConforMIS (NSDQ:CFMS) patents for patient-specific knee implants, even though ConforMIS and Smith & Nephew (NYSE:SNN) settled their dispute last year for $10.5 million. Bedford, Mass.-based ConforMIS sued the British healthcare giant in 2016 in the U.S. District Court for Massachusetts, alleging infringement […]
Arthrex loses another round in patent spat with Smith & Nephew
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 […]
Have government scientists solved the artificial hips corrosion problem?
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 […]
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