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The Lead

No End in Sight for Megamerger in Healthcare Technology

February 12, 2015 9:42 am | by AAMI | News | Comments

The megamerger trend in the healthcare technology industry shows no signs of slowing, as companies seek to diversify in additional therapeutic areas and expand their business dealings with hospitals as the market becomes increasingly...

Top Five Healthcare Trends of 2014

January 2, 2015 10:31 am | by Kalorama Information | News | Comments

Kalorama Information has identified its “Top Five Trends in Healthcare in 2014.” The healthcare...

$514 Billion in Global MedTech Sales by 2020

October 6, 2014 10:49 am | by Evaluate Ltd. | News | Comments

The medical technology sector is expected to grow at a compound annual growth rate of 5 percent...

Infographic: MedTech World Preview 2014

October 6, 2014 10:47 am | by Evaluate Ltd. | News | Comments

2014 marks a year of rapid change for the global medical device market, particularly within the...

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New Knee Implant Saves the Ligaments

July 23, 2014 2:01 pm | by Houston Methodist | News | Comments

During a traditional total knee replacement, the surgeon must remove the “island” of bone to which the anterior cruciate ligament (ACL) and the posterior cruciate ligament (PCL) are attached. The new knee features a shape that protects that...

Tax Savings Not Only Benefit to Medtronic-Covidien Deal

June 18, 2014 3:53 pm | by Kalorama | News | Comments

U.S.-based Medtronic said it would purchase Ireland-based Covidien for $42.9 billion, combining two of the world’s biggest medical device makers and helping Medtronic savings with a headquarters change. Kalorama estimates the deal will come...

Biomet Plans $40.5M Indiana Upgrade, 150 New Jobs

March 17, 2014 11:48 am | by The Associated Press | News | Comments

Medical device maker Biomet Inc. is planning a $40.5 million expansion company officials say would create 150 high-paying new jobs at Biomet's northern Indiana operations by 2018. Biomet's project calls for building renovations and adding...

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Consumers Union Calls On Medical Device Makers to Provide Warranties for Hip & Knee Implants

September 10, 2013 9:01 am | by The Associated Press | News | Comments

Consumers Union is pushing device makers to equip patients with warranties so they will have a better understanding of how long an implant is expected to last and a clear process to follow in the event that it fails prematurely.  Ultimately, warranties will encourage companies to make their devices safer and more durable, according to Consumers Union.

Biomet’s revised earnings show much wider losses than previously reported

September 3, 2013 8:59 am | by Mass Device | News | Comments

Biomet amended its Q4 and annual earnings report to reflect a swing to red in Q4 and much deeper losses for the full year compared to earlier reports. The Warsaw, Ind.-based orthopedics company posted losses of $221.2 million on $784 million in sales during the 3-month period ended May 31, 2013.

Biomet's preemption bid fails, company proceeds to trial over metal hips

August 28, 2013 12:29 pm | by Mass Device | News | Comments

Biomet will go to bat over its M2A-magnum metal-on-metal hip implants after failing to convince an Indiana federal judge that a personal injury lawsuit was preempted by FDA rules. The plaintiff, Leslie Caccia, sued Biomet for a supposedly defective metal-on-metal hip implant in what is now part of a larger multi-district litigation.

Biomet units lose $2.7M royalty dispute with spine surgeon

August 27, 2013 9:29 am | by Mass Device | News | Comments

Two Biomet subsidiaries are on the hook for some $2.7 million in royalty payments to a prominent spine surgeon it stopped paying in 2008, after a New Jersey appeals court upheld a lower court's ruling in Dr. Neil Kahanovitz's favor. Kahanovitz, the former president of the North American Spine Society, sued Biomet units Electro-Biology Inc. and EBI LLC...

Hospitals, Healthcare Providers to Benefit from New Premier Agreements for Orthopedic Total Joint Implants

April 20, 2012 5:26 am | News | Comments

The Premier healthcare alliance today announced new agreements for orthopedic total joint implants have been awarded to Biomet Orthopedics Inc. of Warsaw, Ind., and Zimmer US Inc. of Warsaw, Ind. The companies join Exactech...

Biomet Receives FDA Clearance for Two New Products: E1 Humeral Bearing for the Comprehensive Reverse Shoulder System and the Comprehensive Segmental Revision System

January 13, 2012 5:00 am | News | Comments

WARSAW, Ind.--(BUSINESS WIRE)--Biomet, Inc., a global leader in the manufacture of orthopaedic and biotechnology products, today announced clearance of two new products by the United States Food and Drug Administration (FDA): the E1® humeral bearing for use with the...

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