Tag-Archive for ◊ Orthopedic Joints ◊

• 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 […]

• Wednesday, November 13th, 2013

Solta Medical Inc. SLTM +1.27% unveiled restructuring plans to improve its financial performance, and has hired an advisor to help evaluate strategic alternatives, including a possible sale or merger of the medical aesthetics device maker. Investors cheered the news, sending shares up 17% to $2.15 in after-hours trading. Solta Medical’s restructuring plan, which includes a reduction in work […]

• Thursday, October 24th, 2013

US surgical device maker Stryker has submitted plans for a $30m (€22m) expansion to its Cork facility that will make the location a hub for the group’s R&D activity. Stryker, which also makes orthopaedic implants, announced last year that it planned to make the major investment in its existing Cork facility. The plans have just […]

• Thursday, October 24th, 2013

Integra LifeSciences Announces Update on Optimization Initiatives Integra LifeSciences Holdings Corporation (Nasdaq:IART) today announced that it plans to eliminate manufacturing operations in Burlington, Massachusetts. Integra also announced that it is consulting with employee representatives to eliminate its manufacturing operations in Andover, England. Integra currently expects these actions to be complete by the end of 2014. […]

• Monday, October 14th, 2013

LDR Prices Initial Public Offering AUSTIN, Texas, Oct 08, 2013 (Menafn – GLOBE NEWSWIRE via COMTEX) –LDR Holding Corporation LDRH (“LDR” or the “Company”), a global medical device company focused on designing and commercializing novel and proprietary spinal surgical technologies, today announced the pricing of its initial public offering of 5,000,000 shares of common stock […]

• Friday, October 11th, 2013

Johnson & Johnson’s DePuy Synthes subsidiary goes after a trio of ex-sales reps now working for rival Globus Medical in Texas. DePuy Synthes, the orthopedics arm of Johnson & Johnson (NYSE:JNJ), sued rival Globus Medical (NYSE:GMED) and 3 ex-DePuy sales reps now working for Globus, accusing them of breaching their contracts with their defections. It’s the latest lawsuit filed […]

• Thursday, October 10th, 2013

MIAMI, Oct. 7, 2013 /PRNewswire/ — Surgeons treating patients with degenerative disc disease may now use a new stand-alone intervertebral body fusion device recently cleared by the Food and Drug Administration. Manufactured by Binder Biomedical Inc., the device presents a complete anterior lumbar fixation system with a simple, one-step locking mechanism. Called LOGIC, the system is designed […]