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Wright Medical

MedTech 100 roundup: Industry peaks again after new vaccine authorization

December 21, 2020 By Sean Whooley

Recent news in the industry continues to drive its stocks forward, with COVID-19 vaccine developments driving further medtech growth last week. The FDA granted Moderna emergency use authorization for its vaccine candidate on Friday and its rollout to the U.S. is beginning today. Moderna’s vaccine joins the one made by Pfizer (NYSE:PFE) and BioNTech (NSDQ:BNTX), which […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Mergers & Acquisitions, Pharmaceutical, Research & Development, Wall Street Beat Tagged With: AstraZeneca plc, becton dickinson, Boston Scientific, coronavirus, COVID-19, COVID-19 vaccine, Federal Trade Commission (FTC), Johnson and Johnson, MedTech 100 Index, Philips, Stryker, Wright Medical

FTC clears Stryker-Wright Medical deal

December 17, 2020 By Sean Whooley

The U.S. Federal Trade Commission said today that it would require Stryker (NYSE:SYK) and Wright Medical (NSDQ:WMGI) to divest certain assets in their merger. According to a report from MarketScreener, the FTC approved a final order settling charges that Stryker’s proposed acquisition of Wright Medical would violate antitrust law. The companies confirmed the $4.7 billion merger last […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Orthopedics Tagged With: Federal Trade Commission (FTC), Stryker, Wright Medical

Stryker ortho head Stiles says reps needed in OR now more than ever

November 23, 2020 By Tom Salemi

While many medical device companies are seeing operating room doors shut in the face of their sales reps as hospitals strive to minimize contact during the pandemic, in this week’s DeviceTalks Weekly podcast, Spencer Stiles, group president of Stryker’s orthopaedic and spine groups, said surgeons are telling the ortho giant quite the opposite — that […]

Filed Under: Device Talks Podcasts, Featured, Orthopedics, Robotics, Spine Tagged With: Avail Medsystems, DeviceTalks Weekly, Explorer Surgical, Stryker, Wright Medical

MedTech 100 roundup: Stocks remain high after record-setting week

November 16, 2020 By Sean Whooley

Medtech stocks have been on the rise since positive news regarding COVID-19 vaccines broke last week, breaking a record in the process. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 98.99 (Nov. 13), marking a 1.4% uptick from the 97.62 points registered at the […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Funding Roundup, Initial Public Offering (IPO), MassDevice Earnings Roundup, Mergers & Acquisitions, Pharmaceutical, Research & Development, Wall Street Beat Tagged With: 3m, Baxter, coronavirus, COVID-19, EU MDR, Joe Biden, MedTech 100 Index, Sotera Health, Stryker, Wright Medical

The top 5 MassDevice stories of the week — November 13, 2020

November 13, 2020 By Chris Newmarker

The medical device industry marched on this week — with a major multibillion-dollar M&A deal closing even as worries mount over the COVID-19 pandemic, global recession, and the aftermath of the U.S. presidential election. That was a big takeaway from this week’s top news on MassDevice. Want to hear more about the week’s top news? […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions Tagged With: DJO Global, Joe Biden, MassDevice Top Five, Stryker, Wright Medical

Stryker closes Wright Medical buy, sells some businesses to DJO

November 12, 2020 By Sean Whooley

Stryker (NYSE:SYK) announced that it has closed the purchase of Wright Medical (NSDQ:WMGI) and sold some of its arthroplasty systems to DJO. Kalamazoo, Mich.-based Stryker announced last week that it planned to complete the $4.7 billion tender offer at its expiration, which was scheduled for 5 p.m. ET on Nov. 10, 2020. That news followed U.S. Federal […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Orthopedics Tagged With: DJO Global, Stryker, Wright Medical

The top 5 MassDevice stories of the week — November 6, 2020

November 6, 2020 By Chris Newmarker

The medical device industry continues to move along — with M&A deals made and earnings reported — even as many people focus on the U.S. presidential election. Want to hear more about the week’s top news? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” — as well as fictional monsters […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions Tagged With: Coloplast, Lidco, Masimo, MassDevice Top Five, Stryker, Wright Medical

Stryker to complete Wright Medical acquisition on November 10

November 4, 2020 By Chris Newmarker

Stryker (NYSE:SYK) announced today that it has cleared all regulatory hurdles standing in the way of its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI). The Kalamazoo, Mich.–based orthopedic device giant plans to complete the tender offer at its expiration, which is scheduled to take place at 5 p.m. Eastern time on Nov. 10, 2020. The news […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Orthopedics Tagged With: Stryker, Wright Medical

BREAKING: Stryker clears U.S. regulatory hurdle to buy Wright Medical

November 3, 2020 By Chris Newmarker

The Federal Trade Commission announced today that it plans to allow Stryker (NYSE:SYK) to proceed with its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI), provided that Stryker divest certain assets to Colfax (NYSE:CFX)/DJO Global. Stryker had proposed selling assets to DJO Global about two months ago as a way to allay FTC concerns that the deal would […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Orthopedics Tagged With: Colfax Corp., DJO Global, Federal Trade Commission (FTC), Stryker, Wright Medical

MedTech 100 roundup: Stocks top pre-pandemic high

September 8, 2020 By Sean Whooley

After weeks of flirting with the heights hit before COVID-19 ravaged the markets, medtech stocks finally topped the pre-pandemic high last week. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — spiked up to 93.11 points on Sep. 2, nearly a full point ahead of the pre-pandemic high of […]

Filed Under: Business/Financial News, Diagnostics, Featured, Funding Roundup, Genomics/Molecular Diagnostics, Mergers & Acquisitions, Research & Development, Respiratory, Wall Street Beat Tagged With: Abbott, Brexit, coronavirus, COVID-19, Dept. of Health & Human Services (HHS), General Motors, Joe Biden, MedTech 100 Index, Medtronic, Stryker, Ventec Life Systems, Wright Medical

Stryker may sell certain assets to enable Wright Medical purchase

September 2, 2020 By Sean Whooley

Stryker (NYSE:SYK) has proposed a plan to divest certain assets to Colfax (NYSE:CFX)/DJO Global in an effort to complete its acquisition of Wright Medical (NSDQ:WMGI). Kalamazoo, Mich.-based Stryker’s proposed divestitures of its STAR total ankle replacement product, plus related assets, and its finger joint replacement products, is in connection with the Federal Trade Commission’s review of the ongoing effort […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Orthopedics, Wall Street Beat Tagged With: Colfax Corp., DJO Global, Federal Trade Commission (FTC), Stryker, U.K. Competition and Markets Authority, Wright Medical

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