A federal appeals court has resuscitated part of a 2014 Heraeus Medical GmbH lawsuit that accuses Esschem, a chemical supplier to Zimmer Biomet (NYSE:ZBH), of stealing Heraeus’ bone cement recipe. The three-judge panel in Philadelphia said on Friday that Heraeus can pursue claims stemming from Esschem’s alleged use of Heraeus’ information within three years before […]
Zimmer Biomet taps medtech vet Upadhyay for CFO | Personnel Moves June 20 2019
Zimmer Biomet (NYSE:ZBH) said yesterday that longtime finance chief Daniel Florin is stepping down effective July 1, to be replaced as CFO by medical device veteran Suketu Upadhyay. Florin is slated to stay on in an advisory capacity “for a period following the succession,” Warsaw, Ind.-based Zimmer said. Upadhyay’s CV includes stints Bristol-Myers Squibb, Endo International, […]
Tevosol taps Organ Recovery Systems vet Mills for CEO | Personnel Moves, June 17, 2019
Tevosol said it named Organ Recovery Systems veteran Ron Mills to be its new CEO. “Ron knows our technology and our market,” co-founder & CSO Dr. Darren Freed said in prepared remarks. “He brings a wealth of relevant experience to our team and adds a spark of creativity to drive the next exciting stage of […]
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 […]
The robots are coming to medtech: Where’s the value?
As each medtech manufacturer gears up to bring robots to surgery, they’ll need to create an outcomes-oriented value story in order to compete. Will Randall, ZS The biggest medtech headlines so far in 2019 tell a consistent story: The robots are coming. From Medtronic’s $1.6 billion acquisition of Mazor in late December to Johnson & […]
Mom knows best: How mothers inspired medtech’s top CEOs
On Sunday, we Americans honor our mothers. The flowers, brunches, jewelry and other tokens can’t come close to repaying the women who raised us, fed us, tended our wounds, cleaned up our messes, made us clean up our own, and taught us how to be in the world. Business leaders often talk about their fathers’ […]
Is the orthopedic device space in the midst of a robot revolution?
Stryker’s success with its Mako robot-assisted surgery platform has other orthopedic device companies hastening to enter the space. The big question is whether long-term outcomes will justify the expensive technology. More than five years after spending $1.7 billion to acquire Mako Surgical, Stryker is leading the way bringing robot-assisted surgery to the orthopedic space. The […]
Zimmer Biomet posts Street-topping Q1 earnings
Shares in Zimmer Biomet (NYSE:ZBH) are mostly steady this morning after the medical device maker narrowly beat expectations on Wall Street with its first quarter 2019 earnings release. The Warsaw, Ind.-based company posted profits of $246.1 million, or $1.20 per share, on sales of approximately $1.98 million for the three months ended March 31, for bottom-line […]
The 10 largest orthopedic device companies in the world
Robot-assisted surgery continues to generate headlines in the orthopedics space. But there is so much more going on among the world’s largest orthopedic device companies. Go to our sister site Medical Design & Outsourcing and discover what’s new among the 10 largest companies in the medical device industry’s ortho sector. Next>> Note: Medical Design […]
Zimmer Biomet wins FDA nod for robotic Rosa One Spine platform
Zimmer Biomet (NYSE:ZBH) said today that it won FDA 510(k) clearance for its robotic Rosa One Spine System intended for use in robotically assisted minimally invasive complex spine procedures. The Warsaw, Ind.-based company touted that the Rosa One Spine combines robotics and navigation alongside real-time patient dynamic tracking capabilities. The system also features 3D intraoperative planning […]
Appeals court declines full review of $254m Zimmer loss to Stryker
A federal appeals court declined a full review of its earlier decision to affirm a $248 million win for Stryker (NYSE:SYK) in its surgical tool patent case against Zimmer Biomet (NYSE:ZBH). The U.S. Court of Appeals for the Federal Circuit last December upheld treble damages in the case, based on a U.S. Supreme Court decision in […]
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