KFx Medical said yesterday it inked a licensing agreement with Zimmer Biomet (NYSE:ZBH) for patents used in knotless double row rotator cuff repair and that it filed a lawsuit against Stryker (NYSE:SYK) which it claims infringes on patents also related to knotless double row rotator cuff repair. Through the licensing agreement, Zimmer Biomet and its affiliates will have the […]
Stryker touts 3D-printed Tritanium cage study results
Stryker (NYSE:SYK) today released data from a pre-clinical study comparing spinal implants made form a variety of different materials exploring their bone-ingrowth and biological fixation capabilities. Results from the study were published in last months issue of The Spine Journal, the Kalamazoo, Mich.-based company said. The study examined the use of traditional PEEK cages, plasma-sprayed titanium-coated […]
Stryker’s Physio-Control wins FDA PMA for Lifepak defibs
Stryker‘s (NYSE:SYK) Physio-Control business said today it won FDA premarket approval for the continued marketing and distribution of its Lifepak professional defibrillators in the US. The clearance includes its Lifepak 1000, refurbished Lifepak 20 defibrillator and monitor, Lifepak 20e defibrillator and monitor and the Lifepak 15 defibrillator and monitor, the Redmond, Wash.-based company said. “Physio-Control […]
Stryker posts Street-beating Q2, raises outlook
Stryker (NYSE:SYK) today posted second quarter earnings that topped expectations on Wall Street and lifted its guidance for the remainder of the year. The Kalamazoo, Mich.-based company posted profits of $452 million, or $1.19 per share, on sales of $3.3 billion for the three months ended June 30, for bottom-line growth of 15.6% while sales grew […]
Stryker wins FDA approval for Surpass Streamline brain aneurysm device
Stryker (NYSE:SYK) said today that it won pre-market approval from the FDA for its Surpass Streamline flow diverter for treating certain types of brain aneurysm. Kalamazoo, Mich.-based Stryker said the PMA covers the treatment of un-ruptured large and giant wide-neck aneurysms. It’s the second flow diverter to be approved for the U.S. market, after Medtronic (NYSE:MDT) won a […]
Here are the top 5 medtech stories of mid-2018
A growing U.S. trade war with China and other countries casts a pall on medtech — and U.S. business in general — in mid-2018. The landscape of the medical device industry continues to evolve, though. There’s a major corporate spinout in the works, as well as a mega-merger that apparently was not to be. Read […]
Stryker ortho group prez Floyd to retire, Scannell to take prez, COO role
Stryker (NYSE:SYK) said earlier this week that its orthopedics group prez David Floyd will retire, effective at the end of next June, and that it has appointed Timothy Scannell as its new prez and COO, effective August 1. Floyd has been with Stryker since 2012, and will stay on as group prez and advisor to the […]
Stryker readies $110m Michigan facility
Stryker (NYSE:SYK) is reportedly readying a nearly $110 million facility in its home base of Michigan that’s slated to add as many as 260 jobs. Construction of the 253,000-square-foot, $109.8 million campus in Portage, just south of Kalamazoo, is expected to conclude by the end of 2020, according to MiBiz.com. The Mich. Strategic Fund yesterday approved a […]
Stryker to acquire Swiss surgical smoke firm SafeAir
Stryker (NYSE:SYK) said yesterday that it agreed to acquire Swiss surgical smoke evacuation firm SafeAir for an undisclosed amount. Root, Switzerland-based SafeAir’s “smoke pen” device is a disposable diathermy pencil with an integrated smoke evacuation function that connects with a smoke evacuator to pull the smoke from cauterization procedures directly from its source. Surgical smoke conveys […]
Stryker dismisses Boston Scientific buyout rumors, sees shares rebound
Stryker (NYSE:SYK) today put the rumors that it was interested in a takeover of Boston Scientific (NYSE:BSX) to rest and has seen shares rise in response. Rumors emerged of a possible takeover bid from the Kalamazoo, Mich.-based company emerged on Monday in a Wall Street Journal report, after which both companies officially responded with statements of “no […]
Analysts: Stryker, Boston Scientific tie-up could create “higher growth Medtronic”
Analysts are eagerly digging into the news that Stryker (NYSE:SYK) put in a takeover bid with Boston Scientific (NYSE:BSX), though many were surprised by the news and are unsure of the obvious strategic value of the acquisition. News of the deal, which both companies have officially responded to with statemens of “no comment,” emerged yesterday at the […]
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