DTW Podcast: Zimmer Biomet slims, Corza Medical grows in pursuit of grabbing market share

In this week’s DeviceTalks Weekly Podcast, Rich Newitter, managing director at SVB Leerink, says Zimmer Biomet’s decision to spin out its spinal and dental business will accelerate its already impressive market share grab in its core orthopedics industry.

Dewitter says CEO Bryan Hanson brings a tried-and-true diversification model used by companies like his former employer, Covidien. The spinout of the spinal and dental businesses into a NewCo will allows the company to focus more resources on selling knee and hip implants as well as building out an impressive robotics franchise and a potentially sector-leading line of digital tools and sensors.

“Zimmer has effectively gone from a share loser for almost a decade leading up to when Bryan Hanson took over to a share-taking position,” he said in an interview with Chris Newmarker, executive editor of life sciences. “This most recent quarter, their share gains have widened quite dramatically.”

In …

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CooperSurgical acquires Aegea Medical and its water vapor ablation system

Aegea Medical’s Mara water vapor ablation system [Image courtesy of CooperSurgical]CooperCompanies’ (NYSE:COO) CooperSurgical business has purchased Aegea Medical, nearly a year after Aegea secured FDA approval for its Mara water vapor ablation system for treating heavy menstrual bleeding.

The financial terms of the deal were not disclosed in the companies’ announcement yesterday.

The companies pointed out an international, multi-center pivotal clinical trial enrolling 155 women, in which 93% of women reported no to moderate bleeding after treatment with the Mara system. The two-minute, in-office Mara treatment ablates the lining of the uterus — the source of heavy menstrual bleeding among pre-menopause women.

“The Mara water vapor ablation system gives women a great option for a safe and convenient in-office procedure to help with what can often be a debilitating health issue,” CooperSurgical CEO Holly Sheffield said in a news release. Read more

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