Smith+Nephew (NYSE:SNN) today announced that it has expanded the indications on its Cori Surgical System to include total hip arthroplasty. The London-based company previously designed the handheld robotic system for total knee arthroplasty. The new indication with RI.Hip Navigation could help maximize accuracy and reproducibility by delivering patient-specific component alignment to THA, according to the company. […]
Smith+Nephew
Smith+Nephew acquires cementless partial knee maker Engage Surgical
Smith+Nephew (NYSE:SNN) announced today that it acquired Engage Surgical and its cementless unicompartmental (partial) knee system. The total cost of the acquisition will reach up to $135 million, contingent on sales performance. Smith+Nephew funded the acquisition from existing cash and debt facilities. Orlando, Florida–based Engage Surgical designed its partial knee system as a novel, modern, […]
Smith+Nephew outlines growth strategy, sets mid-term guidance
Smith+Nephew (NYSE:SNN) officials see innovation, productivity and commercial execution driving growth in coming years. The London-based medtech giant outlined its goals in a news release: Build on its product portfolio and pipeline; Deliver manufacturing and supply optimization programs; Sustain growth in advanced wound management and sports medicine (about 60% of its portfolio); Re-establish momentum and […]
Smith+Nephew expands reach of its Cori handheld robotic system
A year after Smith+Nephew (NYSE:SNN) launched its Cori handheld robotic system in the U.S., the ortho surgery system has launched globally. The British medtech giant has expanded Cori’s reach to Europe, Australia and New Zealand, India, and Canada (just announced today). The company yesterday said the system was now available for use in the U.K.’s […]
Smith+Nephew creates digital surgery and robotics innovation center in Germany
Smith+Nephew (NYSE:SNN) announced today that it created a purpose-built digital surgery and robotics innovation center in Germany. London-based Smith+Nephew’s new innovation center, based in Munich, aims to bring together healthcare professionals from Europe, the Middle East and Africa with the company’s R&D and medical education teams to gain further understanding in digital surgery and robotics […]
Smith+Nephew to expand into hip surgery with Cori surgical system
Smith+Nephew (LSE:SN, NYSE:SNN) is seeking FDA clearance for its RI.Hip Navigation software that would enable the use of its Cori surgical system for total hip arthroplasty. The London-based medtech company touted the software today at the American Academy of Orthopaedic Surgeons (AAOS) 2021 annual meeting in San Diego. The handheld Cori system is already FDA-cleared […]
Smith+Nephew touts analysis of Oxinium in total hip arthroplasty
Smith+Nephew (NYSE:SNN) today touted its Oxinium technology as the best performing bearing with the lowest revision risk in total hip arthroplasty. London Based S+N shared results substantiated by four national and regional joint registries over the last 20 years, covering more than 2 million procedures from which to draw, according to a news release. The […]
MedTech 100 roundup: Industry climbs with earnings season in full swing
Better-than-expected quarterly earnings are providing a further boost to medtech industry stocks. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week (July 30) at 118.86 points. Two weeks ago aside — when the index shot up to 145.88 points and quickly tumbled down — this mark […]
Smith+Nephew revenue up 48% in Q2
Smith+Nephew (LON: SN; NYSE: SNN) saw its sales jump 48% in Q2, with the company reiterating its projection of 10–13% underlying revenue growth in 2021. British medtech giant yesterday reported $1.335 billion in revenue for the quarter ended July 3, 2021. For the first half of 2021, the company saw a trading profit of $459 […]
Smith+Nephew launches Fast-Fix Flex meniscal repair system
Smith+Nephew (LSE:SN;NYSE:SNN) announced today that it launched the Fast-Fix Flex meniscal repair system. London-based Smith+Nephew touts its Fast-Fix Flex meniscal repair system as the only device to offer a surgeon-guided, bendable needle and shaft to provide access to all zones of the meniscus, resulting in long-term benefits to the patient, according to a news release. […]
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 […]