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Stock Market & Financial Investment News

News Breaks
January 17, 2013
06:44 EDTSNN, SYKFDA to crack down on metal hip implants, NY Times reports
The FDA is expected later today to announce a rule that, in many cases, could prevent manufacturers from selling artificial hips with all-metal components, according to The New York Times. The proposed rule would require makers of such devices to prove they are safe and effective before selling existing ones or obtaining approval to sell new ones, the newspaper reported. Companies currently only have to show that the devices they're selling are similar to existing products, the newspaper explained. Reference Link
News For SYK;SNN From The Last 14 Days
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December 17, 2014
06:17 EDTSNNWPP PLC confirms Roberto Quarta as chairman-designate
WPP plc (WPPGY) announces the appointment of Roberto Quarta to its Board as a non-executive director and Chairman-designate. He will join the Board on January 1, 2015 and will offer himself for re-election at the company’s Annual General Meeting to be held in June 2015. Subject to his re-election, he will be appointed Chairman to succeed Philip Lader, who joined the Board as Chairman in 2001. Roberto Quarta is Chairman of Smith & Nephew plc (SNN), a FTSE 100 global medical technology company, and Chairman of IMI plc, a FTSE 250 engineering business. He is also a partner at the private equity firm Clayton, Dubilier & Rice and a non-executive director at Spie SA. The transition in the Chairman’s role will occur, if Quarta has resigned from the IMI Board as anticipated, immediately at the close of WPP’s June AGM or thereafter upon such resignation.
05:33 EDTSNNSmith & Nephew says study shows incisions had fewer complications with PICO NPWT
Smith & Nephew announces that data from an international, multicentre-study presented at the Aesthetic Surgery of the Breast Symposium, has shown significantly fewer wound healing complications associated with breast reduction surgery, through the post-operative application of PICO Negative Pressure Wound Therapy, or NPWT. 200 bilateral breast reduction patients were observed across six leading centres PICO was used as an incision management system and compared to the standard post–operative wound care procedure. The primary analysis shows significantly fewer healing complications for PICO compared to standard care, and a 38% relative reduction in surgical dehiscence from 26.4% to 16.2%.
December 8, 2014
12:42 EDTSYKStryker resolves government investigation of OtisMed matter
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