Recent medical device manufacturer news as reported in Beckers Orthopedic & Spine Review:
- Centinel Spine entered into an asset purchase agreement to acquire the ProDisc Total Disc Replacement portfolio from DePuy Synthes and expects to close the purchase in November.
- JointPoint signed an exclusive agreement with DePuy Synthes to market JointPoint’s noninvasive computer navigation software for hip replacement surgery.
- The Federal Trade Commission approved Integra LifeSciences request to purchase DePuy Synthes’ Codman Neuro division.
- DePuy Synthes launched its Trumatch Titanium 3D-Printed Implants for facial reconstruction surgery.
- Stryker Canada broke ground on its new headquarters in Flamborough, Canada.
- More than 100 surgeons across the U.S. have used Stryker’s Serrato Pedicle Screws since receiving FDA approval on Aug. 16.
- Stryker finalized its Novadaq Technologies acquisition for $701 million. They announced plans to purchased Novadaq Technologies in June.
- Zimmer Biomet launched the Avenue T TLIF Cage in the U.S.
- Zimmer Biomet launched its Persona Partial Knee System.
- A federal jury rejected a former sales rep’s claim he was wrongfully terminated for raising concerns about an orthopedic surgeon customer’s practices. A former Zimmer Biomet sales rep logged multiple reports over eight years through a company compliance hotline alleging a surgeon customer performed “hundreds of unnecessary knee replacements” and billed for using the device; the surgeon had financial stake in the company. In 2015, the sales rep testified about his concerns with the surgeon in front of a grand jury, but the investigation into the surgeon was dropped shortly after the sale’s rep’s testimony. The sales rep was suspended from doing business at the surgeon’s hospital and Zimmer Biomet fired him shortly thereafter. Zimmer Biomet maintains the sales rep reported the surgeon due to a “personal vendetta” and his testimony violated multiple company confidentiality and business conduct policies. The company filed counterclaims against the sales rep alleging breach of contract and fiduciary duty, according to the report. The jury sided with Zimmer Biomet and awarded the company $125,000 in damages reportedly paid in anticipation of a threatened defamation lawsuit. The sales rep is considering an appeal.