Archive for ◊ December, 2010 ◊

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• Tuesday, December 21st, 2010

Orthofix International, N.V. rolled out three pieces of significant news on December 15. The company announced it settled the Trinity Evolution lawsuit with NuVasive, Inc.; is restructuring operations; and cutting fourth-quarter’s revenue outlook. The outlook was changed due to the costs of the NuVasive settlement and $4 million needed to cover employee termination costs associated […]

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• Tuesday, December 21st, 2010

12/21/2010 MINNEAPOLIS–(BUSINESS WIRE)–An estimated 1.2 million people in the United States have an abdominal aortic aneurysm (AAA) – a dangerous bulge or ballooning in their bodies’ main artery1 that typically causes no symptoms until it ruptures, which can be deadly – and most of them don’t know it. But for those with a known AAA […]

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• Tuesday, December 21st, 2010

Stryker Corp. is suing Zimmer Holdings, Inc. to block sales of Zimmer’s Pulsavac Plus system. The device removes damaged tissue and cleans bones during joint surgery. In the patent-infringement suit, Stryker claims that Zimmer’s system infringes three U.S patents. Stryker is seeking cash compensation and an order to prevent further use of the inventions, according […]

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• Monday, December 20th, 2010

St. Jude Medical Inc. phases out its Riata and Riata ST leads for its defibrillators over malfunction concerns. St. Jude Medical Inc. (NYSE:STJ) is removing certain defibrillator leads from the market over concerns that their electrical insulation could cause the devices to malfunction. The St. Paul, Minn.-based medical device maker sent a letter to doctors yesterday […]

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• Monday, December 20th, 2010

SUNNYVALE, Calif., Dec. 15, 2010 /PRNewswire-FirstCall/ — Accuray Incorporated (Nasdaq: ARAY), a global leader in the field of radiosurgery, announced today that the U.S. Food and Drug Administration (FDA) has granted the company 510(k) clearance to market Lung Optimized Treatment, a new component of the CyberKnife VSI System. The 510(k) clearance enables Accuray to provide physicians with […]

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• Monday, December 20th, 2010

Warning, this is a trader rumor. Smith & Nephew (SNN) and Biomet are reportedly in discussions about a merger/acquisition. Smith & Nephew’s stock rose over 9% when the The Daily Mail reported on December 8 that a U.S. private equity consortium is poised to make a cash bid worth $11.2 billion for the company. The paper […]

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• Monday, December 20th, 2010

It’s got all of the bells and whistles of the research world…BioMimetic Therapeutics, Inc. has announced the initiation of enrollment in its multi-center, randomized, controlled, blinded study to assess the safety and clinical utility of Augment Rotator Cuff Graft for the repair of large rotator cuff tears. This pilot clinical trial will assess the Augment […]

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• Wednesday, December 08th, 2010

NEW YORK–(BUSINESS WIRE)–Small Bone Innovations, Inc. (SBi), a leading, privately held orthopedics company focused primarily on arthroplasty and trauma reconstruction technology and treatments for the small bones & joints, has sold its shoulder-related assets. The transaction is not expected to have a material impact on SBi’s revenues. Anthony G. Viscogliosi, Chairman & CEO of SBi, […]

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• Wednesday, December 08th, 2010

BRIDGEWATER, N.J., Dec. 8, 2010 /PRNewswire/ —Valeritas, Inc., a medical technology company committed to the development and commercialization of innovative drug delivery solutions, announced today that the US Food and Drug Administration has cleared the company’s V-Go Disposable Insulin Delivery Device for the continuous subcutaneous delivery of insulin in preset basal rates and with on-demand bolus dosing […]

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• Wednesday, December 08th, 2010

If you watch television or read the newspapers, you know that practically every personal injury lawyer in the U.S. has been fishing for potential clients to sue DePuy over its recalled ASR XL Acetabular hip replacement system. The product was recalled in August 2010. Numerous lawsuits have been filed throughout various jurisdictions throughout the U.S. […]