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Biomet progresses in Japan; CardioDynamics moves into profit

This article was originally published in Clinica

Executive Summary

Orthopaedic company Biomet's sales increase was led by "strong, balanced growth in its reconstructive, fixation and spinal product lines", the company says. Excluding foreign currency effects, growth in the quarter was 21%. The company, of Warsaw, Indiana, is continuing to make progress in establishing direct sales operations in Japan. However, its sales were hit by an estimated $1.7 million reduction in product purchases by its former distribution organisation in Japan. "However, we believe that Biomet's long-term prospects in Japan will improve as a result of these initiatives," said Dane Miller, Biomet's president and CEO. The company's reconstructive device division saw sales rise by 16% to $161 million, led by demand for total knee implants. Sales in the fixation division increased by 16% to $54 million, driven by its electrical stimulation systems. Spinal sales were $27 million, a 107% increase, while sales of other products were up 14% to $30 million.

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