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Saturday, August 30 2008 Distribution of Chromium and Cobalt Ions in Various Blood Fractions After Resurfacing Hip Arthroplasty Friday, August 29 2008 Hip-Hip-Hooray! Exciting New Hip and Knee Resurfacing Surgery Comes to Monday, August 18 2008 Hip Resurfacing in India: WorldMed Assist Makes Surgery Abroad Possible for Californian Monday, August 18 2008 Dr. Bose Transcript of Chat on Aug. 16, 2008 Monday, August 18 2008 New Hip Surgery Designed For Younger Patients - Dr. Kelly Monday, August 18 2008 First Zimmer Durom Hip Replacement Lawsuit Filed Tuesday, August 12 2008 Medical Vacations: The Retiree Health-Care Solution? Tuesday, August 12 2008 Smith & Nephew revenues hit £500m for first time Monday, August 11 2008 Bilat Resurfacing - Copenhaver hopes to compete again Monday, August 11 2008 Hip Resurfacing Doctor observes 30 years practicing in Galesburg - Myron Stachniw orthopedic surgeon Sunday, August 10 2008 Doctor observes 30 years practicing in Galesburg - Myron Stachniw orthopedic surgeon Sunday, August 10 2008 Metal-on-Metal Hip Resurfacing Growing More Popular Friday, August 8 2008 Smith & Nephew posts first $1B quarter Thursday, August 7 2008 FDA wants surveillance net for orthopedic devices Monday, August 4 2008 Complaints Undermine Hip Device Friday, July 25 2008 Zimmer Hip Issue Delays Resurfacing System, May Help Rivals Friday, July 25 2008 Hip joints resurfaced instead of Replaced Tuesday, July 15 2008 Saving on Surgery by Going Abroad Monday, July 14 2008 Pseudotumours Risk For Hip Resurfacing Saturday, July 12 2008 ArchivesQuicksearchSyndicate This Blog |
Dr. Bose Transcript of Chat on Aug. 16, 2008Monday, August 18. 2008First Zimmer Durom Hip Replacement Lawsuit FiledTuesday, August 12. 2008Link -
Read Complete Article by Clicking Here The Maglio Christopher & Toale Law Firm has filed suit in Federal District
Court against Zimmer, Inc. on behalf of a client with a failed Durom Hip
Replacement Cup. It is believed that this is the first lawsuit to be filed
against Zimmer regarding its controversial Durom Hip Replacement System. The
Firm plans to file additional Durom lawsuits against Zimmer on behalf of other
clients in the coming weeks.
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Smith & Nephew revenues hit £500m for first timeMonday, August 11. 2008Link
Click here to read complete story August 7, 2008 Europe's largest medical devices firm, Smith & Nephew, which manufactures hip
implants in Birmingham, has posted better-than-expected second-quarter earnings
as revenues hit £500 million for the first time, boosting its stock.
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Metal-on-Metal Hip Resurfacing Growing More PopularFriday, August 8. 2008Link -
Click here to see full article Since its introduction a decade ago, metal-on-metal hip resurfacing has
become increasingly popular because it may conserve femoral bone, increase
functional ability and be easier to revise than other procedures, according to
an article published in the August issue of the Journal of Bone & Joint Surgery.
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Smith & Nephew posts first $1B quarterThursday, August 7. 2008
August 7, 2008
Link http://www.bizjournals.com/memphis/stories/2008/08/04/daily35.html Smith & Nephew PLC reported revenue of $1 billion for the fiscal second quarter ending June 28, a 23 percent increase compared to $813 million for the year-ago quarter. This is the company's first ever $1 billion quarter. Based in London, Smith & Nephew (NYSE: SNN) is a global medical technology business with 8,800 employees worldwide. The company's orthopedic reconstruction, orthopedic trauma and clinical therapies divisions are based in Memphis. For the second quarter, the company reported net income of $198 million, an increase of 18.6 percent compared to $167 million in the second quarter last year. Revenues for the Memphis-based reconstruction unit grew by 8 percent to $396 million. Global hip revenues grew 7 percent in the quarter. While the 2-year-old Birmingham Hip Resurfacing System now has a 3.5 percent share of the total U.S. hip market, management said sales growth slowed a bit in the quarter on competitive pressures. U.S. knee revenues grew 12 percent in the quarter. The trauma and clinical therapies division grew 5 percent in the quarter to $171 million. Management said revenues in both units were strongly impacted by the purchase of the former Plus Orthopedics Holding AG. The purchase plunged second quarter revenues down an estimated $19 million and profits down by $9 million. The company said bringing Plus on board will cost $100 million in the next year.
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FDA wants surveillance net for orthopedic devicesMonday, August 4. 2008Link http://www.govhealthit.com/online/news/350502-1.html
By Peter Buxbaum
Published on August 4, 2008 The Food and Drug Administration has proposed a
program that would query public and private databases to help study the efficacy
of orthopedic implants.
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Complaints Undermine Hip DeviceFriday, July 25. 2008Zimmer Holdings, the nation’s biggest producer of orthopedic devices, says it will suspend sales of an artificial hip component that some doctors have complained was failing at a high rate. The company also lowered its earnings outlook as a result of the suspension, and its shares fell sharply Wednesday. In recent months, some doctors have complained that the device, a hip socket known as the Durom cup, was failing in their patients, who then had to undergo replacement surgery. Zimmer said its investigation had determined that the product was not defective. But it stated that even some experienced surgeons had found it difficult to implant. The company said it expected to resume sales once specialized training for doctors had begun. Since it was first sold in the United States in 2006, the Durom cup has been implanted in more than 12,000 patients. Zimmer said it expected the overall need for early replacement in patients would be low. But Zimmer data and interviews with doctors suggest that hundreds of patients might need such procedures in coming years. Some doctors said their patients had not had problems with the cup. The company also said the sales halt would cut $20 million to $30 million from its sales estimates. Zimmer said it expected that earnings for the year would be $4.05 to $4.10 a share, down from its earlier forecast of $4.20 to $4.25 a share. In composite trading on the New York Stock Exchange, shares of Zimmer, which is based in Warsaw, Ind., fell $4.87 a share to close at $66.01 a share. Bruce Nudell, an analyst at UBS who covers medical devices, said that the company had not issued any warnings that sales would be halted. “They had given hints that there would not be a recall but this came as a surprise,” Mr. Nudell said. The issue with the device surfaced in April when a surgeon in Los Angeles, Dr. Lawrence Dorr, publicly warned other orthopedists about cup failures his patients were experiencing. In response, Zimmer said it would start an investigation but said it saw no reason to take added action like halting sales. At the time, Zimmer also cited European data showing that the device was doing well there. But the version of the device used outside the United States is slightly different from the one used here. Also, while doctors here use it in traditional hip replacement, surgeons in other countries used it in a relatively new kind of hip surgery known as resurfacing, which involves somewhat different surgical techniques. Zimmer, which announced the sales suspension late Tuesday, said that its investigation found that using the cup required a higher degree of precision. Dr. Dorr, who said he had stopped using the device last year, said he did not plan to start reusing it. “It is a bad design,” he said. Mr. Nudell, the analyst, said that other doctors were happy with the cup, but he expected that Zimmer might see a 50 percent drop in the product’s use when sales resumed. As a result of halting sales, Zimmer said that it was also suspending United States premarketing trials of its system for resurfacing, the process that is used in Europe. That decision will put it further behind competitors that already have such products on the American market.
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Zimmer Hip Issue Delays Resurfacing System, May Help RivalsFriday, July 25. 2008
July 23, 2008
Original Link - Click Here Zimmer Holdings Inc.'s (ZMH) U.S. sales suspension for "Durom" replacement hip parts will further delay progress in bringing a bone-sparing hip system to the U.S. market, which could benefit smaller competitors. Zimmer announced Tuesday that it has temporarily stopped selling Durom parts - which are cups used to make replacement hips - because U.S. surgeons need retraining to avoid problems. Since Durom is part of a so-called hip resurfacing system Zimmer is studying now, and hoped to bring to the U.S. in a few years, Zimmer also halted the U.S. resurfacing study. "We are suspending enrollment until further notice," said Cheryl R. Blanchard, senior vice president of research and development and chief scientific officer at Zimmer, during a conference call with analysts Wednesday. Due to the Durom suspension, "there will be some delay beyond that 2011 period that we earlier referenced" for a hip-resurfacing rollout, added James T. Crines, Zimmer's chief financial officer. By preserving bone for potential future surgeries, hip resurfacing is seen as a market-expanding technology that could bring younger patients into the nearly $5 billion global replacement hip market. Thomas Weisel analyst Raj Denhoy believes resurfacing sales could represent 10% of total replacement hip sales in the U.S. by 2012. Smith & Nephew PLC (SNN) won Food and Drug Administration approval in May 2006 to bring the first modern resurfacing system to the U.S. Corin Group PLC ( CRG.LN), another U.K. firm, won FDA approval for its system last summer, but uptake has been slowed by issues at Stryker Corp. (SYK), which is marketing Corin's device in the U.S. The Corin product slowdown has benefited Smith & Nephew, and signs that industry heavyweight Zimmer won't be marketing a competitive product as soon as hoped is another positive development. Shares of Smith & Nephew, which Piper Jaffray upgraded to buy from neutral on Tuesday, recently traded up 1.4% to $57.74. Zimmer officials did not estimate a new timeline for when a resurfacing system might roll out in the U.S. On the company's first-quarter earnings call in April, Crines said 2011 was the earliest date, following some other delays in the program. He also said that Zimmer's sales, marketing and product development efforts would remain focused on the other 90% of the replacement hip market in the near-term. He reiterated that plan on Wednesday's call. Wright Medical Group Inc. (WMGI) is another potential beneficiary from Zimmer's delay if it can finally secure approval for its resurfacing product. Wright has been in regulatory limbo at the FDA for years and hasn't explained the reason, although management has said the company still expects approval. Wright has a better chance to capitalize in the near term by seeking to capture some lost Durom business from Zimmer, because Wright has similar technology. Shares of the company recently traded 3% higher to $31.10. Zimmer shares, hurt by the Durom issue and a cut to 2008 guidance, recently traded down 5.5% to $66.94. -By
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Transcript of Dr. Mont Live Chat July 16, 2008Tuesday, July 8. 2008What is The Most Popular Hip Resurfacing Device?Friday, May 23. 2008
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