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February 12, 2016 8:02 AM ET

Healthcare Equipment and Supplies

Company Overview of Zimmer Inc.

Company Overview

Zimmer Inc. designs, manufactures, and markets orthopedic reconstructive products, spinal and trauma devices, dental implants, and related surgical products for arthritis and trauma injuries. The company offers a range of orthopedic products, such as knee replacement and hip replacement products, shoulder surgery products, dental implants, trauma products and instrumentation, spine surgery products, foot and ankle systems, hand and wrist surgery products, and more. It also provides elbow products; biologics and sports medicine solutions for early intervention treatment; surgical and operating room solutions; procedural spine surgery solutions for thoracolumbar, cervical fixation, and biologi...

1800 West Center Street

P.O. Box 708

Warsaw, IN 46581-0708

United States

Founded in 1927





Key Executives for Zimmer Inc.

Chief Executive Officer, President, Director, Chief Executive Officer of Zimmer Holdings Inc and President of Zimmer Holdings Inc
Age: 51
Chief Financial Officer and Executive Vice President of Finance
Age: 55
Senior Vice President of Global Operations and Logistics
Compensation as of Fiscal Year 2015.

Zimmer Inc. Key Developments

Legal-Bay Lawsuit Settlement Funding Reports Zimmer Knee Bellwether Trial to Begin October 13, 2015

Legal-Bay LLC announced that the first bellwether trial in the multidistrict litigation (MDL) over the Zimmer NexGen Knee implant lawsuits has been scheduled to begin October 13, 2015. There are currently more than a 1,000 cases against Zimmer Inc. which have been consolidated before a federal judge in Illinois. The judge issued that the first bellwether trial will begin in October of 2015. Zimmer Inc. previously issued voluntary recalls for its metal-on-metal hip device 'the Durom Cup (in 2008)' and another recall in 2010 for its MIS Tibial Components. Both recalls led to lawsuits which are currently pending in a federal multidistrict litigation and the MDL in question in Illinois. In addition to the first bellwether trial announcement, another recall has been made. The FDA recently announced a Class II recall for Zimmer's Persona Trabecular Metal Tibial Plate knee implant, affecting all lots and sizes of the knee implant. According to the FDA's website, this affects all 11,658 devices that were recalled. Also according to the FDA, Zimmer Inc. initiated a voluntary recall of its Persona Trabecular Metal Tibial after there was an increase in complaints of loosening and radiolucent lines. All sizes and lots of the affected devices will be removed from the market and will no longer be distributed. Legal-Bay is able to provide up to $30,000 for plaintiffs who need a cash advance to pay bills on their Zimmer Knee case. Legal-Bay's programs are non-recourse lawsuit cash advances, also known as case funding. None of the programs should be considered to be a settlement loan, settlement loans, lawsuit loan, lawsuit loans, pre-settlement loans, or a pre-settlement loan. Legal-Bay is urging Zimmer Knee plaintiffs or family members who have had a loved one injured from their Zimmer Knee implant to contact a Zimmer Knee law firm or Zimmer Knee lawyer immediately if they believe they are suffering from possible defect symptoms. Legal-Bay works with nationally recognized attorneys and can assist with obtaining a free legal consultation on potential lawsuit claim.

FDA Announces Class II Recall of Zimmer Inc.'s Persona Trabecular Metal Tibial Plate

The U.S. Food and Drug Administration (FDA) issued a notice on March 12, 2015, for a Class II recall for all lots and sizes of the Zimmer Persona Trabecular Metal Tibial Plate knee implant. Zimmer Inc. is initiating a voluntary recall of Persona Trabecular Metal Tibial following an increase in complaints of radiolucent lines and loosening. All sizes and lots of the affected devices are being removed from distribution. The FDA will issue a Class II Recall when a product can "cause temporary or medically reversible adverse health consequences." However, problems associated with this Zimmer knee implant can cause serious complications and patients implanted with the Persona® Trabecular Metal™ Tibial Plate can face the risk of loosening of their tibial component. Indications of loosening include radiolucent lines on imaging tests, which are large gaps between the device and bone. Loosening can cause pain and significant mobility problems, and generally requires the patient to undergo additional surgery to remove and replace the loose tibial component. Zimmer Inc.'s voluntary recall is the latest headline in a number of highly publicized medical device recalls.

MiMedx Group, Inc. Signs Distribution Agreement with Zimmer, Inc

MiMedx Group, Inc. announced that it has entered into a distribution agreement with Zimmer, Inc. Through the agreement, MiMedx will provide its dehydrated human amnion/chorion membrane ("dHACM") allograft products to Zimmer to be marketed non- exclusively on a private label basis. The MiMedx dHACM allografts, processed utilizing the company's proprietary PURION(R) process, will be provided to Zimmer for marketing under Zimmer's private-label. Through-out the United States, Zimmer will market and sell the private-labeled allografts to Zimmer customers and end-users. The distribution agreement encompasses a range of musculoskeletal applications to include reconstructive, sports medicine, trauma, extremities and spinal applications.

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