A California woman is suing Medtronic Inc. (NYSE:MDT) and Stryker Corp. (NYSE:SYK), alleging that off-label marketing of spinal bone-growth products left her with debilitating injuries.
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Stryker spikes knee resurfacing distribution deal
Stryker Corp.’s (NYSE:SYK) orthopedics division cut distribution ties with Corin Group plc (LON:CRG), citing changing market opportunities and changing ownership of Stryker’s metal-on-metal hip device manufacturer.
Stryker began distributing Cirencester, U.K.-based Corin’s Cormet hip resurfacing device in the U.S. after it won FDA approval in 2007.
Stryker inks two new deals
Stryker Corp. (NYSE:SYK) inked new deals for its joint preservation arm and its interventional spine division this week.
The Kalamazoo, Mich.-based company added its inflatable vertebral augmentation system (iVAS) to its national agreement with supply contracting company Novation LLC.
The deal makes Stryker the single source for balloon-assisted spine augmentation for health care groups UHC, VHA Inc, and Provista LLC, according to the release.
DePuy, distributor and football player file against Stryker
Stryker Corp. (NYSE:SYK) is fielding legal challenges on two fronts, one from a former distributor and DePuy Spine and another from a Utah man claiming a Stryker pain pump destroyed his shoulder.
Stryker exec: The economy is the best indicator of the hip and knee market
Stryker Corp. (NYSE:SYK) may be forecasting double digit top line growth for 2011, thanks to the seven acquisitions the company has made in the last two years, but that doesn’t mean the Kalamazoo, Mich., orthopedic giant isn’t a little apprehensive about one of its bread and butter businesses.
Although the company doesn’t break out guidance into individual divisions Katherine Owen, VP of strategy for Stryker, didn’t sound overly bullish on the reconstruction market for hips and knees.
Bidding war drove up the price in Stryker deal for Orthovita
More Orthovita shareholders sue over Stryker deal
Make medical devices a gov priority, says AdvaMed
MASSDEVICE ON CALL — Medical device industry lobby AdvaMed proposed six policy initiatives, including trade, tax, payment, regulatory and research policies that ask government to make innovation in the life sciences a top priority.
AdvaMed unveiled its "Competitiveness Agenda" during a visit to orthopedic giant Stryker Corp.’s (NYSE:SYK) Kalamazoo, Mich. manufacturing facility.
Stryker to pay $162 million for French alloy maker Memometal
Stryker Corp. (NYSE:SYK) agreed to pay $150 million in up-front cash for Memometal Technologies SA, plus another $12 million in milestone payments.
Bruz, France-based Memometal makes implants for the extremities using shape memory alloys. The $162 million value of the deal is a 5.4x multiple of the $30 million the company posted to its top line last year.
Hedge fund billionaire puts more skin in med-tech | Funding Roundup
Stryker Mogul moves to CEO spot at DJO Global | Personnel Moves
Michael Mogul, the head of Stryker Corp.’s (NYSE:SYK) $4-billion-plus orthopedics division, is off to greener pastures: The corner office at DJO Global Inc.
Mogul, 46, was with Stryker for most of his professional life. He joined the Kalamzaoo, Mich.-based medical device giant in 1989 when he was just 24 years old and worked his way up to vice president of sales for the ortho division by 1994. He was named group president of Stryker’s backbone ortho section in September 2009.