Posts Tagged 'BioMet Inc'

Zimmer takeover of Biomet halted by European Commission

Zimmer Holdings’ planned takeover of hip manufacturer Biomet Inc. has been halted by the European Commission due to lack of information. Zimmer intends to purchase Biomet for more than $13 billion despite the number of Biomet hip replacement lawsuits filed against the company. The takeover of Biomet would make Zimmer the second-largest orthopedic manufacturer behind Johnson & Johnson, which also faces hip replacement lawsuits.

Read more about the planned Biomet takeover…

Biomet reaches $56 million settlement over M2a Magnum hip replacements

Medical device manufacturer Biomet Inc will pay at least $56 million to settle a multidistrict lawsuit relating to defective hip replacements. The litigation involves the Biomet M2a Magnum and M2a 28 metal-on-metal hip replacement devices. The combined Biomet lawsuits were jointly heard at the federal court of Indiana, where Biomet is headquartered.

Read more about the Biomet lawsuit settlement...

Hip replacements increase despite dangerous devices

More than 285,000 hip replacement surgeries took place in the United States in 2012, a 25% increase over the past five years. The increase occurred despite the number of failing metal-on-metal hip replacements, such as the BioMet M2A Magnum hip replacement.

Read more about Biomet hip replacement failure…

NHS bans metal-on-metal hip replacements, including BioMet

The British National Health Agency (NHA) has banned metal-on-metal hip replacements of all kinds, including the BioMet M2A Magnum. The decision came after a study showed that there was a failure rate of nearly 4 out of 10 among patients fitted with the implants at NHA hospitals.

Read more about BioMet M2a Magnum failure rates…

BioMet Inc. buys company to enter spine market

BioMet Inc. will acquire Lanx Inc. in the attempt to break into the spinal surgery device market. BioMet is one of the primary manufacturers in the surgical device market, and manufactured the controversial BioMet M2a Magnum hip replacement.

Read more about BioMet’s controversial products…

BioMet loses much more than projected

BioMet Inc., which manufactured the BioMet M2A Magnum metal-on-metal hip replacement, reported losses that equaled much more than first projected. The company lost $623 million, which was 63% more than the $382 million initially reported.

Read more about BioMet losses….

Biomet ordered to pay $2.7 million to surgeon who developed products

A jury has ordered Biomet Inc. to pay $2.7 million to a spine surgeon who developed products for the company. The doctor alleged that Biomet breached its contract when it stopped paying him for the devices he created for the company.

Read more about the BioMet lawsuit…

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