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Stryker Ends Distribution Agreement With Corin PLC
Corin PLC to Resume Direct Distribution of Cormet Hip Resurfacing System
MAHWAH, N.J., July 13, 2011 /PRNewswire via COMTEX/ — Stryker Corporation‘s Orthopaedics division has reached a mutual agreement with Corin PLC in which Corin will resume direct distribution of the Cormet Hip Resurfacing System. Stryker will no longer act as a distributor of the product.
“Distribution of a hip resurfacing device no longer fits within Stryker’s long-term product strategy,” said Stuart Simpson, Vice President, Global Hip Reconstruction Marketing, Stryker Orthopaedics. Stryker’s decision to withdraw from the hip resurfacing business on a global basis was based on business factors including changing market opportunities and changing ownership of the supplier that manufactures the MITCH product line, which is distributed in international markets.
Stryker is working with Corin to ensure a smooth transition and remains committed to developing new products and technologies to provide its customers with an array of choices to best treat the specific conditions of individual patients.
About Stryker Orthopaedics
Stryker Orthopaedics is a division of the Stryker Corporation, one of the world’s leading medical technology companies. Stryker Orthopaedics offers an extensive orthopaedic product portfolio including hip, knee and upper extremity reconstructive devices, bone cement, trauma implants, bone substitutes and spine systems. For more information about Stryker Orthopaedics, visit: http://www.stryker.com/en-us/products/Orthopaedics/index.htm
Stryker is one of the world’s leading medical technology companies and is dedicated to helping healthcare professionals perform their jobs more efficiently while enhancing patient care. The Company offers a diverse array of innovative medical technologies, including reconstructive, medical and surgical, and neurotechnology and spine products to help people lead more active and more satisfying lives. For more information about Stryker, please visit www.stryker.com .
SOURCE Stryker Orthopaedics
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