A former Zimmer Biomet executive has temporarily lost her bid for severance pay and cannot claim company stock options after her 2016 resignation. Robin Barney resigned from her post as a senior vice president claiming a hostile work environment, alleging sex discrimination, breach of contract, and constructive or involuntary discharge. Barney became Zimmer’s SVP of […]
Medtech companies, industry groups shrug off ICIJ’s “Implant Files” report
Medtech companies and industry groups have shrugged off the highly critical, recently released “Implant Files” report from the International Consortium of Investigative Journalists, seeing major medtech company shares stay steady or rise in the wake of its posting. The highly critical “Implant Files” report, which was released early this week, is a collaborative effort overseen […]
Zimmer Biomet recalls bone stimulators on contamination risk
Zimmer Biomet (NYSE:ZBH) recalled nearly 1,400 bone stimulators on the risk that they could be contaminated with bacteria or chemicals, the FDA said yesterday. The Class I recall, denoting the risk of serious injury or death, covers 1,360 implantable bone growth and spinal fusion stimulators made and distributed between February 2015 and March 2018, including Zimmer […]
Is the medical device industry endangering people?
The highly critical “Implant Files” report overseen by the International Consortium of Investigative Journalists skewers the medtech industry as a whole and singles out particular companies and regulatory agencies for more intense scrutiny. The Implant Files is the second large-scale swipe at the medtech industry this year, following Netflix’s documentary, The Bleeding Edge. It includes six stories about […]
FDA clears Zimmer Biomet’s Persona knee implant
Zimmer Biomet (NYSE:ZBH) said today that the FDA granted 510(k) clearance for its Persona revision knee implant. Warsaw, Ind.-based Zimmer said the Persona system is designed to match each patient’s unique anatomy with customized components. “The clearance of the Persona revision knee system gives us the ability to provide surgeons with a full service portfolio for […]
Zimmer Biomet posts another sales & earnings beat
Zimmer Biomet (NYSE:ZBH) today posted third-quarter results that topped expectations for both sales and earnings and stood by its prior forecast for the rest of the year. The Warsaw, Ind.-based orthopedics giant reported profits of $162.2 million, or 79¢ per share, on sales of $1.84 billion for the three months ended Sept. 30, for a bottom-line […]
Zimmer Biomet launches clinical trial with Apple Watch
Zimmer Biomet (NYSE:ZBH) said today that it’s launching a clinical trial using the Apple Watch to help hip and knee replacement patients that could enroll as many as 10,000 patients. Using the orthopedic giant’s MyMobility app and the Apple Watch, the study aims to evaluate the app’s utility in improving outcomes and lowering costs, Warsaw, Ind.-based Zimmer […]
Private equity shops escape Zimmer Biomet class action
A federal judge in Indiana last week dismissed a clutch of private equity shops from a securities class action brought against ZBH, alleging that the company and its management concealed problems at a plant in its Warsaw, Ind., home base. The lawsuit, filed in December 2016 in the U.S. District Court for Northern Indiana, concerns […]
NASS 2018: Robotic platforms take center stage
Here’s a roundup from the North American Spine Society’s annual meeting in Los Angeles Medtech companies in the spinal market are rushing to join the robotic revolution, with Medtronic (NYSE:MDT) and Globus Medical (NYSE:GMED) leading the pack, according to a Leerink Partner analyst’s note from the North American Spine Society’s 2018 annual meeting. In a letter to […]
The 20 largest medical device companies in the world
The medical device industry saw even more consolidation over the past year, as evidenced by Medical Design & Outsourcing‘s newest Big 100 list. It used to be that a company had to have at least $100 million in annual revenue to make it on the list. This time around, No. 100 on the list is […]
Zimmer Biomet to open location near CEO’s CT home base
Zimmer Biomet (NYSE:ZBH) is opening a new office location in Fairfield, Conn., the hometown of its recently appointed CEO Bryan Hanson, according to a CTPost report. The location will served as an “East Coast hub” for Hanson and other executives in the area, according to the report, and will serve as the second New York City-area […]
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