Investors are voicing their displeasure with a Tennessee company, after it failed to get approval for one of its products to be sold in the US. Stock in Wright Medical Group took a pounding when the FDA rejected a clinical trial for its bone graft substitute.
Wright Medical’s Purchase Of Biomimetic Isn’t Paying Off…Yet
Sales and earnings are down at Memphis-based Wright Medical Group. The company is still waiting for its purchase of a Brentwood biotech firm to pay off.
BioMimetic Tries Different Tack for FDA Approval
For more than three years, BioMimetic has tried to get Augment approved for use in bone and ankle fusions. The new trial is taking a different approach, testing its effectiveness as a treatment for tendinosis (also known as tennis elbow).
On Air - 90.3 WPLN-FM