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News Breaks
June 16, 2014
17:19 EDTWMGIWright Medical announces U.S. launch of INFINITY Total Ankle System
Wright Medical Group announced the full U.S. commercial launch of its INFINITY Total Ankle Replacement System. The system is now available in the U.S. through Wright Medical’s foot and ankle sales force. The INFINITY TAR System will also be available on a limited basis in select countries outside the U.S. through Wright’s direct sales organization.
News For WMGI From The Last 14 Days
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September 30, 2015
11:48 EDTWMGIFTC requires divestitures as condition of Wright Medical, Tornier merger
Wright Medical Group (WMGI) and Tornier (TRNX) have agreed to sell Tornier's U.S. rights and assets related to its total ankle replacements and total silastic toe joint replacements to resolve Federal Trade Commission charges that the proposed $3.3B merger would illegally reduce competition for these devices, the FTC announced. Under the proposed settlement, Wright and Tornier will divest the rights and assets to these devices to Integra Lifesciences (IART) and provide Integra with intellectual property, manufacturing technology, and existing inventory, as well as other assets and assistance to ensure that Integra can effectively compete in the markets. The proposed order also requires Wright and Tornier to supply Integra with total ankle replacements for up to three years and total silastic toe joint replacements for up to a year, while Integra transitions to become an independent competitor in these markets.

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