Post Tagged with: "wright medical group"

Tennessee Healthcare Company Snubbed First By FDA, Then Investors

Tennessee Healthcare Company Snubbed First By FDA, Then Investors

by / on August 12, 2013

Investors are voicing their displeasure with a Tennessee company, after it failed to get approval for one of its products to be sold in the US. Stock in Wright Medical Group took a pounding when the FDA rejected a clinical trial for its bone graft substitute.

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Wright Medical’s Purchase Of Biomimetic Isn’t Paying Off…Yet

Wright Medical’s Purchase Of Biomimetic Isn’t Paying Off…Yet

by / on April 30, 2013

Sales and earnings are down at Memphis-based Wright Medical Group. The company is still waiting for its purchase of a Brentwood biotech firm to pay off.

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BioMimetic Tries Different Tack for FDA Approval

by / on January 3, 2013

For more than three years, BioMimetic has tried to get Augment approved for use in bone and ankle fusions. The new trial is taking a different approach, testing its effectiveness as a treatment for tendinosis (also known as tennis elbow).

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Memphis Company Buys BioMimetic

by / on November 19, 2012

For more than two years, BioMimetic has been working to get the FDA to sign off on Augment. It’s supposed to help the body grow new bone tissue, eliminating the need for bone grafts. The delays have put a financial strain on the company. Earlier this year, it cut a quarter of its staff, leaving about 50 workers.

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