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Wright Medical Group Up 9% On Earnings Beat (WMGI)
Friday, February 11, 2011 - 3:48pm | 205Shares of Arlington, Tennessee-based Wright Medical Group, Inc. (Nasdaq: WMGI) are trading up 9% at $16.47 per share during the Friday afternoon trading session. The day's trading range for shares of Wright Medical Group, Inc has been between $15.88 and $16.88 per share. Analysts covering the...
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Hologic Receives FDA Approval for First 3-D Digital Mammography System
Friday, February 11, 2011 - 3:33pm | 145Hologic, Inc. (NASDAQ: HOLX) today announced the Company received approval from the U.S. Food and Drug Administration (FDA) for its Selenia Dimensions digital breast tomosynthesis system (Dimensions 3-D). Mammography systems using conventional 2-D imaging have limitations caused by tissue...
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Jefferies Maintains Hold Rating On WMGI
Friday, February 11, 2011 - 10:27am | 64Jefferies maintains its rating on shares of Wright Medical Group (NASDAQ: WMGI) at Hold “and our 12-month target is $16.” “The target is the current 1.3x EV/2011 sales multiple rolled forward to 2012 forecasts,” Jefferies writes. “Risks include slower revenue growth, particularly in extremities,...
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Piper Jaffray Maintains Overweight Rating On Wright Medical (WMGI)
Friday, February 11, 2011 - 10:11am | 152Piper Jaffray is reiterating its Overweight rating On Wright Medical Group (NASDAQ: WMGI). Piper Jaffray writes, “Q4 looked very strong, and after netting out one-timers in the quarter, it still looked strong, driven primarily by strong underlying growth in US knees and extremities. EPS was $0.25...
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Stryker Receives FDA 510(k) Clearance to Market Modular Dual Mobility Acetabular (Hip) System
Friday, February 11, 2011 - 9:13am | 73Stryker Corporation's (NYSE: SYK) Orthopaedics Division today announced U.S. Food and Drug Administration 510(k) clearance for its MDM X3 Modular Dual Mobility Mobile Bearing Hip System. MDM X3 is an addition to the company's portfolio of next-generation technologies designed to minimize the risks...
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Benzinga's Top Pre-Market NASDAQ Gainers (PNRA, WMGI, BODY, MSFT)
Friday, February 11, 2011 - 9:11am | 139Panera Bread Company (NASDAQ: PNRA) rose 7.66% to $107.35 in the pre-market session. PNRA reported 23% y/y rise in its Q4 profit. Wright Medical Group Inc (NASDAQ: WMGI) added 5.76% to $15.98 in the pre-market session. WMGI posted 6% y/y increase in its Q4 net sales. Body Central Corp (NASDAQ:...
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Oppenheimer Leaves Wright Medical Group Perform Unchanged (WMGI)
Friday, February 11, 2011 - 8:44am | 145Oppenheimer left its Wright Medical Group (NASDAQ: WMGI) Perform rating unchanged in a research report published today. In the report, Oppenheimer "Sales in 4Q of $138M (+7% CC) were ahead of our $130M, largely on US knee improvement and above normal distributor stocking overseas of about $6M....
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Orthovita Receives FDA Clearance for Vitoss Bimodal Bone Graft Substitute
Thursday, February 10, 2011 - 5:31pm | 90Orthovita, Inc. (NASDAQ: VITA) announced today that it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market Vitoss™ BA Bimodal Bone Graft Substitute as a non-structural bone void filler for use in the extremities, pelvis and posterolateral spine. Vitoss Bimodal is...
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Wright Medical Group, Inc. Reports Results for the Fourth Quarter Ended December 31, 2010
Thursday, February 10, 2011 - 5:28pm | 220Wright Medical Group, Inc. (NASDAQ: WMGI) today reported financial results for its fourth quarter ended December 31, 2010. Net sales totaled $138.3 million during the fourth quarter ended December 31, 2010, representing a 6% increase over net sales of $129.9 million during the fourth quarter of...
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Exactech Expects Q4 Revenue of $51.8M
Thursday, February 10, 2011 - 5:26pm | 87Exactech, Inc. (Nasdaq: EXAC) announced today that it expects to report revenue for the fourth quarter of 2010 of $51.8 million, an increase of 7% compared to $48.3 million for the fourth quarter of 2009 which will result in full year revenues of $190.5 million, compared to $177.3 million for 2009...
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ThermoGenesis Reports Q2 EPS of $0.03 vs. $0.01
Thursday, February 10, 2011 - 5:16pm | 179ThermoGenesis Corp. (Nasdaq: KOOL) reported results for the second quarter of fiscal 2011. For the quarter ended December 31, 2010, the Company reported revenues of $5.9 million, which compares with revenues of $6.0 million in the second quarter a year ago. Disposable revenues in the second quarter...
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ThermoGenesis Announces Agreement for AXP and BioArchive Cord Blood Systems With Beike Biotechnology
Thursday, February 10, 2011 - 5:09pm | 58ThermoGenesis Corp. (Nasdaq: KOOL) said today it has signed a product purchase agreement with Beike Biotechnology Co., Ltd . Under the agreement, ThermoGenesis will supply Beike with an initial stocking in fiscal 2011 of its AXP AutoXpress and BioArchive Systems used in the processing and storage...
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Active Screen - CANSLIM: Top 8 for February 10th
Thursday, February 10, 2011 - 10:40am | 1116Our current list of eight stocks was unchanged from last week. The eight in descending order by Market Cap are: Free McMoran (FCX), Netflix (NFLX), Apple (AAPL), Baidu (BIDU), Research in Motion (RIMM), Cognizant Technology Solutions (CTSH), Southwestern Energy (SWN), Intuitive Surgical (ISRG)....
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Options Brief: Zimmer Holdings (ZMH)
Wednesday, February 9, 2011 - 1:38pm | 79Shares of Zimmer Holdings (NYSE: ZMH) are lower on the session by 1.13%, trading at $59.28. Overall put volume is now running at 2.15x the daily average, with 60% of all puts traded being purchases on the offer. 1,553 contracts have traded on the session so far. Zimmer Holdings, Inc. designs,...
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Court Confirms Globus Device Infringes Medtronic Patents
Wednesday, February 9, 2011 - 11:38am | 114Medtronic (NYSE: MDT) announced today that the United States Court of Appeals for the Federal Circuit affirmed that the Pivot system offered by Globus Medical infringes two patents owned by Medtronic. “We are pleased by the Court's ruling,” said Doug King, vice president and general manager of...