Zimmer Biomet clears U.S. anti-trust waiting period on LDR Holding acquisition
Zimmer Biomet (NYSE:ZBH) said today that its pending, $1 billion acquisition of LDR Holding (NSDQ:LDRH) cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
The $37-per-share offer for LDR, which makes the Mobi-C cervical disc replacement and Mivo lumbar and cervical fusion devices, is slated to expire at midnight July 13; today Zimmer said it expects to close the deal during the 3rd quarter.
Zimmer Biomet has said it doesn’t expect the deal to affect its sales outlook, with adjusted earnings per share likewise unaffected until accretion kicks in after 2017; the company said it pla...
Source: Mass Device - June 27, 2016 Category: Medical Equipment Authors: Brad Perriello Tags: Mergers & Acquisitions Orthopedics Wall Street Beat LDR Holding Corp. Zimmer Biomet Source Type: news
Ask JJ: Osteoarthritis
Dear JJ: I'm a 67-year-old woman who recently got diagnosed with osteoarthritis. My doctor warned me as an older woman, I'm more susceptible to this problem along with fractures and other problems it presents. I don't want to go on prescription drugs, and I know you're big on natural remedies. Can you help me out here?
Osteoarthritis (OA) is a degenerative joint disease, the most common form of arthritis, and sometimes called the "wear and tear" arthritis.
A little background: Bones intersect to form a joint. Those bones need a buffer to prevent painful friction. Cartilage--a tough, flexible connective tissue that prot...
Source: Healthy Living - The Huffington Post - June 24, 2016 Category: Consumer Health News Source Type: news
Zimmer’s Cayenne Medical buries the hatchet with MedShape after patent board loss
Zimmer Biomet (NYSE:ZBH) subsidiary Cayenne Medical buried the hatchet with MedShape after a patent review board found the terms of its soft tissue anchor patent to be “indefinite.”
Cayenne sued MedShape in 2014, alleging infringement by MedShape’s ExoShape device of 2 of its patents covering the AperFix soft tissue anchor. The lawsuit, filed in the U.S. District Court for Arizona, alleges that MedShape hired former Cayenne salespeople with knowledge of the 2 patents at issue.
Cayenne alleged that MedShape hired former regional sales manager Josh Ray and ex-marketing vice president Tim Nash, both of who...
Source: Mass Device - June 22, 2016 Category: Medical Equipment Authors: Brad Perriello Tags: Legal News Orthopedics Patent Infringement Cayenne Medical MedShape Inc. Zimmer Biomet Source Type: news
Zimmer Biomet to drop $1B on spine-focused LDR Holding
Zimmer Biomet (NYSE:ZBH) said today it is buying spinal medical device company LDR Holding for approximately $1 billion.
Boards from both companies approved the acquisition agreement, the company said, with Zimmer Biomet slated to acquire all outstanding shares of LDR at $37 per share in cash. The company expects the deal to close in the 3rd quarter of 2016.
LDR Holding develops and sells spinal-procedure focused products, and the acquisition will “bolster Zimmer Biomet’s presence in the global spine market,” the Warsaw, Ind.-based company said
LDR’s primary products are the Mobi-C cervical disc re...
Source: Mass Device - June 7, 2016 Category: Medical Equipment Authors: Fink Densford Tags: Business/Financial News Mergers & Acquisitions Spinal LDR Holding Corp. Zimmer Biomet Source Type: news
Zimmer Biomet reveals FDA warning letter
Zimmer Biomet (NYSE:ZBH) today revealed a warning letter it received in late may over non-conformities with good manufacturing practice requirements for its quality system regulation at its Montreal, Quebec facilities.
The letter, which came based on a January inspection of the company’s facilities, restricts the clearance of premarket approval applications for Class III devices which are affected by the quality system regulation deviations. The company said that it has no such applications.
The letter “does not restrict production or shipment” of goods from the Montreal facility, nor does it require any...
Source: Mass Device - June 6, 2016 Category: Medical Equipment Authors: Fink Densford Tags: Food & Drug Administration (FDA) Regulatory/Compliance Zimmer Biomet Source Type: news
Turmeric: Bali’s Anti-Cancer Tonic
I’m always happy to find things in my travels to bring back to you. Today I want to tell you about a miracle of nature called turmeric.
Turmeric has been used to treat a wide variety of conditions.
You can read about it in-depth in my latest book, Healing Herbs of Paradise.
The roots of this exotic leafy plant contain curcumin, a very powerful antioxidant that also has remarkable anti-inflammatory properties.1,2,3
What Does Curcumin Do?
Curcumin neutralizes free radicals… those nasty little chemicals that travel through your body and cause damage to healthy cells and cell membranes.
Which means curcumin effectivel...
Source: Al Sears, MD Natural Remedies - May 25, 2016 Category: Complementary Medicine Authors: Al Sears Tags: Cancer Source Type: news
MassDevice.com +5 | The top 5 medtech stories for May 18, 2016
Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
Get this in your inbox everyday by subscribing to our newsletters.
5. Teleflex closes $400m debt offering
Teleflex said Monday it closed a $400 million debt offering round through the offering of 4.875% senior notes due in 2026.
The Wayne, Penn.-based company said it expects to net approximately ...
Source: Mass Device - May 18, 2016 Category: Medical Equipment Authors: MassDevice Tags: News Well Plus 5 Source Type: news
Zimmer Biomet closes Cayenne Medical buy
Zimmer Biomet (NYSE:ZBH) said today that it closed its buyout of Cayenne Medical and its soft tissue reconstruction devices for an unspecified amount.
Scottsdale, Ariz.-based Cayenne makes devices for knee and shoulder repair, including the AperFix II, CrossFix II and iFix knee ligament reconstruction and meniscal repair devices and the Quattro device for rotator cuff and labral repairs.
When it announced the buyout in April, Zimmer Biomet said the acquisition would strengthen its sports medicine business.
“As a market leader in musculoskeletal healthcare, the expansion of our sports medicine business with Cayenne...
Source: Mass Device - May 18, 2016 Category: Medical Equipment Authors: Brad Perriello Tags: Mergers & Acquisitions Orthopedics Wall Street Beat Cayenne Medical Zimmer Biomet Source Type: news
Zimmer Biomet Completes Acquisition of Cayenne Medical
WARSAW, Ind., May 16, 2016 -- (Healthcare Sales & Marketing Network) -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global leader in musculoskeletal healthcare, announced today the completion of its previously announced acquisition of Scottsdale, ... Devices, Orthopaedic, Mergers & AcquisitionsZimmer Biomet, Cayenne Medical (Source: HSMN NewsFeed)
Source: HSMN NewsFeed - May 16, 2016 Category: Pharmaceuticals Source Type: news
McDonald's Is Stripping Artificial Preservatives From Their McNuggets
McDonald’s Chicken McNuggets are going au naturel.
Well, as naturel as a deep-fried chunks of ground chicken can get. The global fast food chain is experimenting with a recipe for the iconic McNugget that ditches artificial preservatives in an effort to make a more simple product that sets parents’ minds at ease.
The new McNuggets are still in the testing phase and are only available in about 140 restaurants in Washington and Oregon, reports Crain’s Chicago Business. Sources told the business news site that the company hopes to make them available across the U.S. before the beginning of the 2016 Olympics,...
Source: Healthy Living - The Huffington Post - April 29, 2016 Category: Consumer Health News Source Type: news
Zimmer Biomet Acquires Cayenne Medical, Boosts Sports Medicine Segment
Zimmer Biomet has bolstered its sports medicine device segment with the acquisition of Cayenne Medical for an undisclosed amount. Senior executives from both companies commented that the deal will accelerate Cayenne’s portfolio of minimally invasive soft tissue and reconstruction solutions for extremities. (Source: Medical Design Online News)
Source: Medical Design Online News - April 26, 2016 Category: Medical Equipment Source Type: news
MassDevice.com +5 | The top 5 medtech stories for April 25, 2016
Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
Get this in your inbox everyday by subscribing to our newsletters.
5. Questions surface about Palmaz Scientific’s fundraising
Palmaz Scientific, which filed for Chapter 11 bankruptcy protection last month, is reportedly embroiled in a dispute with Jefferies & Co. over its claim that the pro...
Source: Mass Device - April 25, 2016 Category: Medical Equipment Authors: MassDevice Tags: News Well Plus 5 Source Type: news
Zimmer picks up soft-tissue company Cayenne Medical
Zimmer Biomet (NYSE:ZBH) said today it inked a deal to buy Scottsdale, Ariz.-based soft-tissue reconstruction solutions company Cayenne Medical.
Warsaw, Ind.-based Zimmer Biomet did not release any financial details of the transaction, but said that it expects the acquisition to close during the 2nd quarter of 2016.
“As a market leader in musculoskeletal healthcare, the expansion of our sports medicine business with Cayenne Medical’s highly successful portfolio represents an exciting growth opportunity and will meaningfully advance our commitment to serving the needs of patients across the full continuum of ca...
Source: Mass Device - April 25, 2016 Category: Medical Equipment Authors: Fink Densford Tags: Business/Financial News Mergers & Acquisitions Orthopedics Zimmer Biomet Source Type: news
This Common Ingredient Is Making You Extremely Bloated
By Lily Puckett for Teen Vogue. Courtesy of CNP Montrose Plus: 2 other freaky health effects. Salt is impossible to avoid, no matter how hard you try. If you've eaten food prepared by someone other than yourself, you've probably eaten more salt than you should; if you've eaten food prepared by yourself, you've probably done it too. The good news is you definitely have to have some salt in your diet -- but probably not as much as you'd wish. The human body needs 200 milligrams of sodium, or about 0.5 gram of salt, a day to function properly, but according to the American Heart Association, the average American consume...
Source: Healthy Living - The Huffington Post - April 13, 2016 Category: Consumer Health News Source Type: news
Spice Can Be Nice for Kids--and Improve Nutrition
By Keith-Thomas Ayoob, ED.D. March has been declared "National Nutrition Month" by the Academy of Nutrition and Dietetics, the national professional association of registered dietitian/nutritionists. Every year has a different theme for consumers and health professionals, and usually it's focused on health and specific nutrition goals. This year the theme is "Savor the Flavor of Eating Right." The campaign has grown every year and is now even promoted by the Centers for Medicare and Medicaid Services. The current theme might sound fun and frivolous, like something you might expect to see on the Food Network, but having f...
Source: Healthy Living - The Huffington Post - March 23, 2016 Category: Consumer Health News Source Type: news
