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Food & Drug Administration, Hip Replacement, Japan, New York Stock Exchange, NYSE, Orthopedic surgery, Patient, Smith & Nephew, surgery
Smith & Nephew‘s Exclusive OXINIUM Material for Hip Replacement Implants Chosen for Premium Reimbursement in Japan
February 18, 2011 2:01 PM
OXINIUM Oxidized Zirconium, the patented advanced bearing material from Smith & Nephew (NYSE: SNN, LSE: SN) Orthopaedics Division, has been awarded a C1 premium reimbursement classification in Japan for use in hipreplacement surgery.
The decision by the Central Medical Insurance Committee comes three years after it awarded Smith & Nephew with Japan’s first-ever premium price reimbursement for an orthopaedic implant—for the use of OXINIUM material in total knee replacement implants. Smith & Nephew is the only orthopaedic medical device company to have been awarded C1 reimbursement for both hip and knee replacement implants.
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