A federal appeals court yesterday overturned a lower court’s decision to toss a retaliatory filing case against Stryker (NYSE:SYK) after finding conflicts within the company’s testimony. Plaintiff Kelley Donley sued the orthopedics giant in June 2015 after Stryker fired her, allegedly for taking compromising pictures of an important vendor – but also shortly after she […]
Stryker pays $220m for HyperBranch Medical
Stryker (NYSE:SYK) said today that it acquired HyperBranch Medical Technology and its Adherus AutoSpray dural sealant for $220 million. Durham, N.C.-based HyperBranch won pre-market approval from the FDA for the Adherus Autospray sealant in March 2015 and is one of two such sealants allowed on the U.S. market. The other, DuraSeal, won an FDA nod for Covidien in 2011; Covidien dealt […]
Stryker pays $8m to settle second SEC beef
Stryker (NYSE:SYK) agreed to pay nearly $8 million, but admitted no wrongdoing, to settle a second round of charges leveled by the U.S. Securities & Exchange Commission today. The federal securities watchdog said the orthopedics giant broke the Foreign Corrupt Practices Act by failing to institute the required fail-safes in its book-keeping procedures for its […]
Medtech M&A remains hot: Here’s how
M&A in medtech show no signs of slowing in the fourth quarter of 2018, and companies looking to buy or sell have much to consider, according to patent attorney David Dykeman, a shareholder in the Boston office of the global law firm Greenberg Traurig. The number of medtech M&A deals soared by 50% in 2017 and […]
What you should know about today’s top trends in medtech
Medtech’s hottest topics in M&A, intellectual property, finance and regulation will be on the agenda at DeviceTalks Boston Oct. 8-11. Patent attorney David Dykeman from the Boston office of the global law firm Greenberg Traurig will moderate the Oct. 9 hot topics panel in which the discussion will center around: · M&A trends from the perspective of […]
The 10 largest medical device companies in the world
Medtronic and Johnson & Johnson remain the world’s largest medical device companies. But after that, the roster is radically shifting amid a slew of mergers and acquisitions. In some cases such as GE, Philips and Siemens, major multinationals are breaking apart. We’ve sifted through data from public companies’ annual reports and other publicly disclosed information, […]
The 10 largest medtech employers of 2018 – and what their employees really think
Among the 10 largest medtech employers, workers feel pride in working on life-saving products – but there’s also frustration with big corporate bureaucracy. That was the major takeaway as Medical Design & Outsourcing compiled some of the most insightful current and former employee reviews posted on Glassdoor. The 10 companies we’re counting down were the largest […]
Stryker puts up $190m for Invuity
Invuity (NSDQ:IVTY) said today that it agreed to a buyout proposal from Stryker (NYSE:SYK) worth about $190 million in cash. The $7.40-per-share price is a 28.7% premium over yesterday’s closing price for IVTY shares of $5.75 apiece; news of the pending merger sent the stock up 27.8% to $7.35 apiece this morning in pre-market trading. San […]
Stryker to acquire K2M for $1.4B
Stryker (NYSE:SYK) said today it inked a definitive agreement to acquire K2M (NSDQ:KTWO) for approximately $1.4 billion. In the deal, Kalamazoo, Mich.-based Stryker said it will pay $27.50 per share for each outstanding share of K2M, for a total of approximately $1.4 billion. The purchase price represents a 27% premium over K2M’s average closing price during the 90 […]
Stryker suit against liability insurer stays alive
A federal judge last week denied a motion to dismiss a suit filed by Stryker (NYSE:SYK) against its liability insurer XL Insurance America over issues with coverage related to the company’s Uni-Knee implants. In the case, Stryker is seeking to recover damages from XL related to a batch of expired artificial knee joints sold between 1997 […]
KFx inks Zimmer licensing deal, sues Stryker over patent infringement
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 […]
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