April 29, 2017 11:43 PM ET

Healthcare Equipment and Supplies

Company Overview of Howmedica Osteonics Corporation

Company Overview

Howmedica Osteonics Corporation, doing business as Stryker Orthopaedics, develops, manufactures, and distributes orthopedic products and services. It offers hip, knee, upper extremity, trauma, and spinal systems, as well as bone cement and bone substitutes. The company was founded in 1970 and is based in Mahwah, New Jersey. Howmedica Osteonics Corporation operates as a subsidiary of Stryker Corporation.

325 Corporate Drive

Mahwah, NJ 07430

United States

Founded in 1970

Phone:

269-831-5000

Fax:

201-831-6038

Key Executives for Howmedica Osteonics Corporation

Chief Scientific Advisor
Age: 72
Compensation as of Fiscal Year 2016.

Howmedica Osteonics Corporation Key Developments

Saunders & Walker P.A. Announces Defective Product Lawsuit Against Howmedica Osteonics Corp

Saunders & Walker P.A. announces a defective product lawsuit against Howmedica Osteonics Corp., also known as Stryker Orthopaedics. The suit alleges that Stryker's hip replacement devices caused severe and permanent physical injuries to Francis T. Hassett after he was implanted with them during bilateral hip implant surgeries. Stryker was served with the lawsuit on February 3, 2017. Francis T. Hassett, who was suffering from osteoarthritis, underwent right hip replacement surgery in 2009 and left hip replacement surgery in 2011. Doctors implanted Stryker's Accolade TMZF® Hip Stem and LFIT Anatomic V40 Femoral Head into both of Mr. Hassett's hips. By 2016, he was forced to undergo additional hip surgeries to remove the bad hips after it was found that Stryker's products had corroded and released metal ions into his body. The Stryker hips caused adverse local tissue reaction known as ALVAL and chromium and cobalt metal toxicity. The company not only designed and manufactured its hip replacement prosthesis in a substandard manner but knowingly withheld crucial information from both the medical community and the public. Scientists have long known that the combination of dissimilar metals causes corrosion and poses a danger to patients. In spite of that, Stryker falsely claimed that its unique device could resist corrosion and fretting. The lawsuit argues that the company's defective product, combined with misleading advertising, directly led to the plaintiff's injuries.

Stryker Orthopaedics Wins $486.31 Million Federal Contract

Stryker Orthopaedics Corp. was awarded a federal contract valued at up to $486,313,618 by the Defense Logistics Agency for orthopedic products to be used by the U.S. Air Force, U.S. Army, U.S. Marine Crops, U.S. Navy and federal civilian agencies in New Jersey.

Stryker Receives FDA Clearance for Mako Total Knee Application

Stryker Orthopaedics announced that its 510(k) submission for the Mako total knee application has received market clearance by the U.S. Food and Drug Administration. This clearance expands Stryker's current Mako offering of partial knee and total hip applications to provide a comprehensive solution in the robotic reconstructive service line. With the clearance of the total knee application, Stryker is preparing to initiate a limited market release by year end.

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