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New Lawsuits Filed in Stryker Hip Replacement Recall Litigation

July 18, 2014 2:01 pm | by Business Wire | News | Comments

Wendy Fleishman and Lexi Hazam, of the national plaintiffs' law firm Lieff Cabraser Heimann & Bernstein, LLP, has announced that over the past month 20 hip replacement patients represented by Lieff Cabraser have filed personal injury lawsuits...

Stryker to Acquire Small Bone Innovations

June 30, 2014 9:20 am | by Business Wire | News | Comments

Small Bone Innovations, Inc. (SBi) has announced that Stryker Corporation will acquire...

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...

Report on Medical Device Market Outlines Challenges, Opportunities for Cost Containment

May 30, 2014 3:44 pm | by Rich Gedney, CEO, ADMET | Blogs | Comments

The medical device market has experienced tremendous growth, reaching more than $330 billion...

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As Stryker Hip Lawsuits Mount, Company Details Costs Associated with Stryker Rejuvenate, ABG II Modular Hip Stem Recall

April 28, 2014 12:33 pm | by The Associated Press | News | Comments

As hundreds of Stryker hip lawsuits continue to move forward in courts around the country, Bernstein Liebhard LLP notes that Stryker recently released its 2014 first quarter earnings report, which among other things, details costs associated...

Stryker Sustainability Solutions Brings Record-Setting $255 Million In Reprocessing Savings To U.S. Hospitals

March 31, 2014 8:24 am | by PR Newswire | News | Comments

Growth of Stryker Sustainability Solutions' single-use medical device reprocessing and remanufacturing services produced a record-setting $255 million in supply cost savings for its more than 2,500 hospital and health system customers in...

Stryker affirms 2013 guidance, offers limited glimpse of Mako plans

January 15, 2014 1:17 pm | by Mass Device | News | Comments

Stryker CEO Kevin Lobo told an audience at the J.P. Morgan Healthcare conference this morning that its prior guidance for 2013 still holds true and provided a peek at the blockbuster Mako Surgical acquisition the medtech company closed 3 weeks...

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Stryker Announces Definitive Agreement to Acquire Patient Safety Technologies, Inc. for $120 Million

December 31, 2013 9:06 am | by The Associated Press | News | Comments

Stryker Corporation announced today a definitive agreement to acquire Patient Safety Technologies, Inc. for $2.22 per share, with an aggregate purchase price of $120 million. Patient Safety Technologies conducts its business through its wholly...

MAKO Surgical to Merge with Stryker Corporation

December 13, 2013 2:45 pm | by Globe Newswire | News | Comments

MAKO Surgical Corp. announced that MAKO stockholders voted at a special meeting of stockholders held today to approve the adoption of the Agreement and Plan of Merger providing for the merger of MAKO with and into a wholly owned subsidiary of...

Stryker fax lawsuit wins class action status

December 13, 2013 10:53 am | by Mass Device | News | Comments

A lawsuit filed by a physician's group against Stryker won its 3rd bid for class action status this week, after a federal judge in Michigan agreed to set the terms for eligibility for the class. The lawsuit, filed by Physicians Healthsource...

Hologic hands corner office to former Stryker chief, takes on 2 Icahn board members

December 9, 2013 12:52 pm | by Mass Device | News | Comments

Massachusetts medtech maker Hologic did some top-line rearranging, naming Steven MacMillan its new CEO and adding 2 members to its board of directors to appease an activist investor. New CEO MacMillan has spent some 24 years in the medtech...

Stryker Announces Election of New Director, Andrew K. Silvernail

November 26, 2013 8:06 am | by The Associated Press | News | Comments

Stryker Corporation announced the addition of a new member to its Board of Directors with the election of Andrew K. Silvernail as a director, effective November 26, 2013. Mr. Silvernail is Chairman and Chief Executive Officer of IDEX Corporation...

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Brokers plead guilty to insider trading of Stryker stock

November 14, 2013 10:32 am | by Mass Device | News | Comments

A pair of brokers pleaded guilty to federal insider trading charges yesterday, admitting that they used tips from a former Stryker marketing executive to make illicit trades ahead of the medical device company's 2011 acquisition of Orthovita...

Stryker Pays $13.3M to Settle Illegal Payment Allegations

October 24, 2013 3:43 pm | by The Associated Press | News | Comments

Medical device maker Stryker will pay the U.S. government $13.3 million to settle allegations it made illegal payments to government employees in five countries. The Securities and Exchange Commission said ...      

Stryker, Medtronic lose preemption bids in OP-1, Calstrux and Infuse lawsuit

September 25, 2013 3:13 pm | by Mass Device | News | Comments

A California state court ruled out a series of motions seeking to dismiss a lawsuit filed over bone proteins made by Stryker and Medtronic, ruling that federal law does not preempt the case from going forward. April Cabana sued the medical device companies for alleged off-label promotion of the bone growth products...

Sector Snap: Mako deal lifts medical device makers

September 25, 2013 2:01 pm | by The Associated Press | News | Comments

Shares of medical device makers rose Wednesday after Stryker Corp. agreed to buy robotic surgery system maker Mako Surgical for $1.41 billion. Stryker will pay $30 per share for Mako, an 86 percent premium based on the stock's latest closing price.

Stryker Buying Mako Surgical for about $1.41B

September 25, 2013 9:39 am | by The Associated Press | News | Comments

Stryker will spend $1.41 billion to acquire Mako Surgical and all of its robotic assisted surgery technology. The medical device maker will pay $30 per Mako share, an 86 percent premium to its $16.17 closing price Tuesday. The companies put the deal's value at about $1.65 billion.

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Stryker Hip Replacement Recall: Lieff Cabraser's New Videos Answer Patient Questions

September 19, 2013 9:00 am | by Business Wire | News | Comments

Wendy Fleishman of the national plaintiffs’ law firm Lieff Cabraser Heimann & Bernstein, LLP, announced that two new videos have been posted on YouTube addressing common concerns and questions asked by hip replacement patients who received notice of the recall of their Stryker Rejuvenate or Stryker ABG II hip implant.

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.

Class I Recall Strikes Stryker Spine

August 29, 2013 12:59 pm | by David Mantey, Executive Editor, MDT | News | Comments

The U.S. Food and Drug Administration (FDA) hit Allendale, NJ-based Stryker’s Spine division with a Class I recall for the company’s OASYS Midline Occiput Plate. According to reports, Stryker learned that a post-operative fracture can occur in the pin that connects ...

Zimmer owes Stryker $210M for willful infringement

August 8, 2013 1:31 pm | by Mass Device | News | Comments

Zimmer is on the hook for more than $210 million in damages owed to rival Stryker, after a federal judge in Michigan tripled a jury's $70 million decision. Kalamazoo, Mich.-based Stryker sued orthopedics rival Zimmer in December 2010, alleging infringement of 3 patents covering wound debridement technology with Zimmer's Pulsavac Plus device.

Stryker Interventional Spine Launches Two New Products to Expanding Portfolio

August 7, 2013 12:15 pm | by PRNewswire | News | Comments

Stryker Interventional Spine announced the clearance of 510(k)s for two additional products to its portfolio. Venom RF Cannula and Venom Electrode are designed to provide an effective and minimally invasive treatment for facet joint pain. The launch of the 11g iVAS Balloon System addresses the surgical trend of shifting toward less invasive treatment options.

Rejuvenate hip recall hits Stryker's Q2 profits

July 19, 2013 2:45 pm | by Mass Device | News | Comments

Stryker said an unexpected, $170 million hit related to its recalled Rejuvenate hip implant pushed its 2nd-quarter profits down nearly 35% and lowered its earnings outlook for the rest of the year. The Kalamazoo, Mich.-based medical device company posted profits of $213 million, or 56¢ per share, on sales of $2.21 billion during the 3 months ended June 30, for sales growth of 5.0% but a bottom-line slide of 34.5%.

Stryker Metal Hip Recall: Lieff Cabraser Provides Answers to Hip Replacement Patients

May 22, 2013 10:00 am | by The Associated Press | News | Comments

NEW YORK--(BUSINESS WIRE)--May 22, 2013--Wendy Fleishman of the national plaintiffs’ law firm Lieff Cabraser Heimann & Bernstein, LLP, announced that the firm issued today a list of answers to frequently asked questions (FAQ) from hip replacement patients who received the Stryker Rejuvenate or...

Stryker And DePuy Pinnacle Hip Lawsuit Settlement News Update

May 16, 2013 6:00 am | by PR Newswire | News | Comments

Legal-Bay LLC, the Lawsuit Settlement Funding Company, has issued an update on two major hip implant litigations in the mass tort market.  And the results are completely different. Legal-Bay believes the Stryker hip litigation on the ABG II and the Rejuvenate which have been already recalled by the company will see a smoother road for plaintiffs looking for a settlement in the not so distant future. 

Stryker Receives Top Supplier Awards From Novation

May 14, 2013 9:41 am | by The Associated Press | News | Comments

Stryker's Sustainability Solutions division announced today it has received two prestigious awards from the group purchasing organization Novation for supplier excellence. Novation named Stryker's reprocessing division Purchased Services Supplier of the Year and presented it with top honors in...

Class I Medical Device Recall: Stryker Orthopaedics - ShapeMatch Cutting Guide

April 18, 2013 12:00 am | by U.S. Food & Drug Administration | News | Comments

Stryker Orthopaedics has become aware of potential issues associated with internal processes for planning cases and producing ShapeMatch Cutting Guides. The parameters of the manufactured cutting guides did not meet the surgeon’s pre-operative planning parameters entered via the web application.

Stryker Must Face Trident Hip Implant Lawsuit

March 22, 2013 10:49 am | by Mass Device | News | Comments

Raymond Chasse Jr. and Stephen Miele sued Kalamazoo, Mich.-based Stryker in December 2012 in the U.S. District Court for Massachusetts, alleging that the medical device company was negligent in its manufacture and distribution of the Trident hip replacement system, according to court documents.

FDA Blames Poor Training for New Deaths, Injuries Tied to Stryker's Recalled Neptune Systems

March 19, 2013 2:30 pm | by Mass Device | News | Comments

The FDA this month issued updated warnings to clinics still using Stryker's (NYSE:SYK) recalled Neptune 1 Silver or Neptune 2 Ultra surgical waste management systems, noting that there have been additional deaths and patient injuries since Stryker initiated the recall last year.

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