Smith & Nephew

Latest Headlines

Latest Headlines

Smith & Nephew reveals its CEO has cancer, says he will remain in charge during treatment

Smith & Nephew CEO Olivier Bohuon has a highly treatable form of cancer. Bohuon's treatment will include chemotherapy, and is expected to conclude in the late fall, the company said in a statement. He will remain CEO and "be actively involved in running the company through much of his treatment period."

Survey: Smith & Nephew again named top European takeover target

The belief that midsized orthopedics player Smith & Nephew will be taken over persists. In spite of takeover rumors that haven't turned out to be true, the company was named the top European acquisition target for the second year in a row in a survey of equity traders and analysts conducted by Bloomberg.

Smith & Nephew buys cartilage repair product from Piramal

Smith & Nephew sees the arthroscopically delivered cartilage repair solution it's just bought from Montreal, Canada-based Piramal for an undisclosed sum as a first-line treatment. Known as BST-CarGel, it's approved in most of Europe, Australia and Canada.

Renewed Stryker takeover rumor sends Smith & Nephew stock up

Ever since Zimmer agreed to purchase Biomet for $13.4 billion in April 2014, the wait for takeover of Smith & Nephew has been on, with Stryker being the most likely acquirer. Rumors of an impending deal were just renewed by a StreetInsider report that Stryker has put an $18 billion offer for Smith & Nephew on the table, sending its stock up as much as 6%.

Smith & Nephew to buy robotic surgical partner Blue Belt for $275M

Orthopedic implant maker Stryker made its $1.7 billion purchase of robotic surgical player Mako in December 2013. Now, rival Smith & Nephew is making its own move into robotic-assisted orthopedic surgery with a bid to acquire partner Blue Belt Technologies for $275 million.

Smith & Nephew launches dissolvable nasal dressing for post-op sinus surgery use

Smith & Nephew is launching its dissolvable nasal dressing NasaStent. The intranasal splint is made of carboxymethyl cellulose that converts to a hydrocolloidal gel as nasal fluid is absorbed--it then simply drains from the nasal cavity. This gradual dissolution is expected to be less jarring for patients than the typical removal of other structural dressings, which must be taken out in fragments by a physician.

Smith & Nephew strikes again, bolstering emerging markets with Russian trauma and orthopedics buy

Orthopedics player Smith & Nephew is rounding out its presence in emerging markets with the acquisition of the trauma and orthopedics business as well as a manufacturing company of the DeOst Group. The Russian company manufactures medical devices and has also served as Smith & Nephew's product distributor in the region since 2009.

Smith & Nephew to shutter 20+-year-old site in U.K.

Orthopedics company Smith & Nephew plans to close its York, U.K., facility by the end of 2016, resulting in the relocation of 80 jobs.

Smith & Nephew removes some hip implants from market, cautions on indicated use

Orthopedics specialist Smith & Nephew is removing particular hip implant sizes and related components from the market after data from the U.K.'s National Institute for Health and Care Excellence found that smaller sizes of the Birmingham Hip Resurfacing System had revision rates that exceed its benchmarked expectations. It's also advising against any use of the system in women. But despite the data, it's not advising that patients with the now-contraindicated implant have proactive revisions.

S&N backs OrthoSpace in $8M for pivotal U.S. trial of rotator cuff repair tech

Outside of surgery, physicians can do very little to treat severe rotator cuff tears. Israeli company OrthoSpace is aiming to offer a new treatment option. It's raised an $8 million venture round led by Healthpoint Capital that will finance a pivotal, U.S. trial for the company's biodegradable balloon system InSpace.