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Showing results for DEPUY SYNTHES SALES, INC. v. TROSPER
...Before Alere, Mr Nawana spent more than 15 years at Johnson & Johnson, including time as president of its DePuy Synthes spine business....
...Pharmaceutical sales were up 10 per cent to $6.8bn, and medical devices and diagnostics up 10 per cent to $7.1bn, much the result of its acquisition of Synthes....
...Consolidation is intensifying, including Johnson & Johnson’s recent $21bn purchase of Synthes of Switzerland....
...J&J booked $271m of charges related to its DePuy ASR, a hip replacement which had to be recalled....
...But Synthes has proved to be highly profitable, and last year group sales rose 8.6 per cent to $3.69bn while net profits increased nearly 25 per cent to $908m....
...We may also see Smith & Nephew seeking out a white knight approach from Biomet / Synthes or possibly private equity, but it is hard to see how any of these could outbid J&J....
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