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Stock Market & Financial Investment News

News Breaks
January 17, 2013
06:44 EDTSYK, SNNFDA 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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July 2, 2015
10:15 EDTSYKMarathon Patent unit gets favorable early ruling of infringement of '260 patent
Marathon Patent Group (MARA) announced that on July 1, in the patent infringement action filed by its wholly-owned subsidiary, MedTech Development Deutschland GmbH involving the patent EP 1 104 260 B2 the Munich District Court of Germany expressed in its preliminary opinion that the following defendants, Joline GmbH & Co. KG, Signus Medizintechnik GmbH and PanMedical, infringe the '260 patent. The '260 patent had previously been accused of invalidity by Stryker GmbH & Co. KG (SYK). In a nullity hearing held June 19, the five-judge panel at the Federal Patent Court, after carefully considering all facts and arguments brought by Stryker, deliberated and returned with the unrestricted verdict that "All claims are valid."
June 24, 2015
11:54 EDTSNNSmith & Nephew to acquire Zimmer Unicondylar Knee system in U.S. market
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11:32 EDTSNNZimmer required by FTC to divest assets as condition of Biomet acquisition
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