Compelo Medical Devices is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Stryker concludes OP-1 sale to Olympus

Stryker Corporation has closed the previously proposed sale of its OP-1 product family, including OP-1 Implant, OP-1 Putty, Opgenra and Osigraft, for use in orthopaedic bone applications, to Olympus. The transaction also covers sale of the production facility in Lebanon, New Hampshire, United States.

On 6 December 2010, Stryker entered into a definitive agreement with Olympus Corporation for the sale of its OP-1 product family for $60 million. Stryker intended to redirect a portion of the related R&D spending to other internal projects.

Stryker achieved worldwide sales of Orthopaedic Implants worth $1,166m for the fourth quarter representing increase of 4.5% and $4,308m for the year ended 31 December 2010, representing increase of 4.6%.

Orthopaedic Implant sales increased 4.3% in the fourth quarter and 3.3% for the year ended 31 December 2010 following higher sales of hips, knees and trauma implant systems.

Stryker is a medical technology company that provides orthopaedic implants as well as medical and surgical equipment.