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Sulzer Medica prepared for Chapter 11 if settlement fails

This article was originally published in Clinica

Executive Summary

Sulzer Medica has warned that it may file for Chapter 11 bankruptcy protection for its US Sulzer Orthopedics unit if a settlement over lawsuits regarding faulty hip and tibial baseplate products is not reached in or out of court. At the same time, the company released third-quarter results, with net profit down 49%.

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