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...He was global president of Johnson & Johnson’s DePuy Synthes Spine franchise. Willkie Farr & Gallagher has hired Caleb Vesey as a private equity partner in its Los Angeles office....
...Before Alere, Mr Nawana spent more than 15 years at Johnson & Johnson, including time as president of its DePuy Synthes spine business....
...DePuy Synthes was created following Johnson & Johnson’s $21.3bn takeover of Switzerland’s Synthes in 2012. The UK’s Smith & Nephew has mulled buying smaller rival NuVasive....
...business....
...William Weldon, head of J&J, says ringingly of the accord: “DePuy and Synthes together will create the most innovative and comprehensive orthopaedics business in the world, and enable us to better serve...
...J&J booked $271m of charges related to its DePuy ASR, a hip replacement which had to be recalled....
...Last year J&J took after-tax charges of $922m due to lawsuits related to its DePuy ASR replacement hip, which was recalled, and other product liabilities and litigation....
...Once combined with J&J’s DePuy business it would have a 35 per cent global market share in hips and knees. S&N is also big in arthroscopy — around a third of the global market according to Merrill....
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