Archive for the Category ◊ Joints ◊

• Monday, March 10th, 2014

United Orthopedic Corporation Enters U.S. Market IRVING, Calif.–(BUSINESS WIRE)–Today, United Orthopedic Corporation (UOC) – a leading international designer, manufacturer, and distributor of innovative orthopedic implants and instruments – announced its entrance into the American market, offering clinically proven, safe and cost-effective hip and knee devices through its U.S. subsidiary, UOC USA. “United Orthopedic Corporation is […]

• Friday, January 17th, 2014

A Virginia podiatrist is convicted of lying to a grand jury about her involvement in a scheme to defraud Medicare by collecting reimbursement for procedures using Orthofix’s bone growth stimulator. Virginia podiatrist Ilene Terrell was convicted today of lying in a federal probe of Orthofix International (NSDQ:OFIX) and its bone-growth stimulators. Terrell copped to 4 counts of […]

• Saturday, November 23rd, 2013

A New Jersey judge warned of several “rogue websites” by lawyers seeking to take advantage of Johnson & Johnson (JNJ)’s agreement to pay at least $2.47 billion to settle thousands of lawsuits over its recalled hip implants. Superior Court Judge Brian Martinotti heard a summary in Hackensack today of the settlement from lawyers who negotiated an […]

• Thursday, November 21st, 2013

A unit of Johnson & Johnson has agreed to pay an estimated $2.5 billion to settle thousands of lawsuits from individuals allegedly injured by the company’s artificial hip implants, the company announced Tuesday. The settlement, announced during a hearing in federal court in Ohio on Tuesday, would compensate an estimated 8,000 patients who underwent surgery […]

• Thursday, November 14th, 2013

Johnson & Johnson has tentatively agreed to a settlement that could reach up to $4 billion to resolve thousands of lawsuits filed by patients injured by a flawed all-metal replacement hip, said two lawyers briefed on the plan. The tentative plan, which must win court approval, represents one of the largest payouts for product liability […]

• Tuesday, October 08th, 2013

Wright Medical Group Inc. (WMGI)’s chances of becoming the next target in orthopedic surgery may be increasing after Mako Surgical Corp. (MAKO) last week received one of the industry’s fattest takeover premiums. Wright, a $1.2 billion maker of ankle replacements as well as implants to fix hammertoe, a deformity of the toe joint, is a prime acquisition […]

• Friday, September 20th, 2013

Unique New PIR Knee System Receives CE Mark METAIRIE, La., Sept. 9, 2013 /PRNewswire/ — Moirai Orthopaedics, L.L.C., a Metairie, Louisiana based orthopaedic implant development company, is pleased to announce it has received CE mark approval for its new Pyrocarbon Implant Replacement (PIR) System. The PIR System, developed in conjunction with the not-for-profit Fellowship of Orthopaedic Researchers, is intended […]

• Tuesday, August 27th, 2013

Zimmer Receives FDA Clearance For Patient Specific Instruments (PSI) Shoulder WARSAW, Ind., Aug. 23, 2013 /PRNewswire/ — Zimmer Holdings, Inc. (NYSE: ZMH; SIX: ZMH), a world leader in musculoskeletal care, today announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the Zimmer Patient Specific Instruments (PSI) Shoulder system to complement […]

• Friday, August 23rd, 2013

Johnson & Johnson (JNJ), the world’s biggest seller of health-care products, has discussed paying more than $3 billion to settle lawsuits over its recalled hip implants, according to five people familiar with the matter. J&J seeks to resolve as many as 11,500 lawsuits in the U.S. and has considered paying more than $300,000 per case, […]

• Tuesday, August 20th, 2013

Sources inform ”Globes” that MinInvasive Orthopedic Solutions Ltd. has raised several million dollars in a financing round led by Access Medical Ventures. Private investors, including big names in the life sciences, also participated in the round, but their names were not disclosed. MinInvasive is developing a minimally invasive device for rotator cuff repair in the shoulder. […]