Key Developments: Smith & Nephew PLC (SNN.N)

SNN.N on New York Stock Exchange

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23 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Smith & Nephew plc launches JOURNEY II Cruciate Retaining natural-motion knee replacement
Wednesday, 12 Mar 2014 

Smith & Nephew plc:Launches JOURNEY II Cruciate Retaining (CR) knee replacement at American Academy of Orthopaedic Surgeons (AAOS) meeting in New Orleans.New implant extends JOURNEY II Total Knee System to procedures that preserve posterior cruciate ligament (PCL), which accounts for about half of all knee replacement procedures.  Full Article

Smith & Nephew and OrthoSensor to co-market VERASENSE Sensor Assisted Surgery with JOURNEY II and LEGION Total Knee Replacements
Monday, 10 Mar 2014 

Smith & Nephew PlC and OrthoSensor:Agreement that will enable surgeons to benefit from OrthoSensor's VERASENSE Sensor Assisted Surgery Technology for soft tissue balancing when implanting Smith & Nephew's JOURNEY II and LEGION Total Knee Systems.VERASENSE utilizes advanced sensor technologies to enable evidence-based surgical decisions regarding component position, limb alignment and soft tissue balance to optimize outcomes in total knee replacement.  Full Article

Smith & Nephew PLC recommends final dividend
Thursday, 6 Feb 2014 

Smith & Nephew PLC:Recommends a final dividend of $0.17 per share ($0.85 per ADS).This, together with interim dividend of $0.104 per share ($0.52 per ADS), will give a full year distribution of $0.274 per share ($0.137 per ADS), up five pct year-on-year.  Full Article

Smith & Nephew PLC announces acquisition
Monday, 3 Feb 2014 

Smith & Nephew PLC:Executes a definitive agreement to acquire medical device company, ArthroCare Corp. for $48.25 per ArthroCare share in cash.Says total consideration is about $1.7 billion and an enterprise value of $1.5 billion.  Full Article

Smith & Nephew PLC to acquire Brazilian distribution of its advanced wound management products
Tuesday, 26 Nov 2013 

Smith & Nephew PLC:Says it has agreed to acquire the assets and business of Politec Saude relating to Smith & Nephew PLC's advanced wound management products in Brazil.Says it is planned that 30 employees will transfer to Smith & Nephew PLC Brazil upon completion of the deal.Says further terms of the transaction have not been disclosed.  Full Article

Smith & Nephew PLC Announces Appointment Of Chairman Elect
Thursday, 31 Oct 2013 

Smith & Nephew PLC announced the appointment of Roberto Quarta as Non-Executive Director and Chairman Elect. He will join the Board on December 4, 2013 and will offer himself for re-election at the Company's Annual General Meeting to be held on April 10, 2014. Subject to his re-election, he will be appointed Chairman to succeed Sir John Buchanan, who joined the Board in 2005 and has been Chairman since 2006, and who will retire from the Board at the same time.  Full Article

U.S. District Issues Rulings In Favor Of Smith & Nephew PLC In Patent Infringement Case
Thursday, 3 Oct 2013 

Smith & Nephew PLC announced that the U.S. District Court in Oregon issued rulings in its favor in the patent infringement case (U.S. Patent 5,601,557) with Arthrex Inc. (Naples, Fla.). As part of the ruling the Court has ordered Arthrex to stop selling its Bio-SutureTak and PEEK SutureTak products in the U.S. as of October 2, 2013. The patent covers technology used in certain Smith & Nephew anchors (such as BIORAPTOR Suture Anchors, FOOTPRINT Ultra PK, and OSTEORAPTOR) used primarily in surgical repair of the shoulder. In June 2011, a jury found that Arthrex's Bio-SutureTak, PEEK SutureTak, and certain Bio-PushLock and PEEK PushLock suture anchors infringe the patent owned by Dr. John O. Hayhurst (Portland, Ore.) and under exclusive license to Smith & Nephew.  Full Article

Smith & Nephew PLC Announces Interim Dividend
Thursday, 1 Aug 2013 

Smith & Nephew PLC announced that the interim dividend for the first half of 2013 is 10.4¢ per share (52.0¢ per ADS), compared with 9.9¢ last year. This will be paid on October 29, 2013 to shareholders on the register at the close of business on October 11, 2013.  Full Article

Smith & Nephew PLC to Acquire Adler Mediequip Private Limited and Indian Trauma Business
Thursday, 2 May 2013 

Smith & Nephew PLC announced that it has signed an agreement to acquire Adler Mediequip Private Limited and with it, the brands and assets of Sushrut Surgicals Private Limited, operating in mid-tier, orthopaedic trauma products for the India market. The transaction is expected to complete upon the satisfaction of customary conditions. The terms were not disclosed. The acquisition gives Smith & Nephew a platform to provide and develop products for the mid-tier market in India and for export.  Full Article

Smith & Nephew PLC Proposes Final Dividend
Thursday, 7 Feb 2013 

Smith & Nephew PLC announced that a final dividend for 2012 of $0.1620 per ordinary share has been proposed by the Board and will be payable, subject to shareholder approval, on May 8, 2013 to shareholders whose names appear on the register at the close of business on April 19, 2013. The sterling equivalent per ordinary share will be set following the record date.  Full Article

Exclusive: Surgical device maker ConMed Corp explores sale of company - sources

- ConMed Corp, a surgical device maker that has been fighting off activist investors, is exploring a sale and has contacted large medical device companies to gauge their buyout interest, people familiar with the matter said on Tuesday.

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