Business

Stryker to Shed Assets to Get FTC Blessing for Wright Deal

(ODT) – The Federal Trade Commission will require medical device companies Stryker and Wright Medical to divest all assets related to Stryker’s total ankle replacements and finger joint implant products to remedy concerns that Stryker’s proposed $4 billion acquisition of Wright will harm competition in those markets. […]

Business

How much is COVID-19 affecting procedure volumes for medtech?

(MassDevice) – UBS Financial Services released a report detailing how it expects medtech procedures to potentially keep dipping during the COVID-19 pandemic. The report highlighted a quicker-than-expected recovery in the second quarter after U.S. hospitals began canceling, delaying and deferring elective procedures in late March as the pandemic took hold. […]