Profile: WRIGHT MED GP NV (WMGI.MW)
2 Feb 2016
Wright Medical Group NV, formerly Tornier NV, is a medical device company based in the Netherlands. The Company is focused on providing solutions to surgeons that treat musculoskeletal injuries and disorders of the shoulder, elbow, wrist, hand, ankle and foot, which is refer to as extremity joints. The Company sells to surgeons a line of joint replacement, trauma, sports medicine and biologic products to treat extremity joints. In certain international markets, it also offers joint replacement products for the hip and knee. The Company offers a product portfolio of over 90 extremities products that are designed to provide solutions to its surgeon customers. Its product portfolio consists product categories, which include upper extremity joints and trauma; lower extremity joints and trauma; sports medicine and biologics, and large joints and other.
The Company has operations located in Bloomington, Minnesota (sales, marketing and distribution and administration), Grenoble, France (manufacturing and research and development), Macroom, Ireland (manufacturing), Warsaw, Indiana (research and development) and Medina, Ohio (marketing, research and development). In addition, it conducts local sales and distribution activities across 12 sales offices throughout Europe, Asia, Australia and Canada. In the United States, the Company markets and sells a range of products, including products for upper extremity joints and trauma, lower extremity joints and trauma, and sports medicine and biologics. Its sales and distribution system in the United States consists of 49 geographic sales territories. Internationally, It sells its product portfolio, including upper and lower extremity products, sports medicine and biologics products and large joints products. In France, it has an upper extremity direct sales force and a separate direct sales force that sells a combination of hip, knee and lower extremity products.
Upper Extremity Joints and Trauma
The Company's upper extremity joints and trauma product category includes joint implants and bone fixation devices for the shoulder, hand, wrist and elbow. Its shoulder joint implants are used to treat painful shoulder conditions due to arthritis, irreparable rotator cuff tendon tears, bone disease, fractured humeral heads or failed previous shoulder replacement surgery. Its shoulder products include total joint replacement products, hemi joint replacement products, reversed joint replacement products, convertible joint replacement products, resurfacing implants and Trauma devices. It also offers joint replacement and trauma products, including implants, pins, plates and screws that are used to treat the hand, wrist and elbow. It offers a range of pyrocarbon implants internationally. Its Latitude EV total elbow prosthesis gives surgeons the ability to reproduce the natural flexion/extension axis and restore natural kinematics of the elbow with its anatomic design.
Lower Extremity Joints and Trauma
The Company's lower extremity joints and trauma category includes joint implants and bone fixation devices, including plates, screws and nails, for the foot and ankle. Its lower extremity products include joint replacement product and bone fixation products. Its joint replacement products include implants for the ankle that involve replacing the joint with an articulating multi-component implant and bone fixation products include a range of anatomically designed plates, screws and nails.
Sports Medicine and Biologics
The Company's sports medicine product category includes products used across various anatomic sites to mechanically repair tissue-to-tissue or tissue-to-bone injuries. Rotator cuff repair is the sub-segment in the sports medicine market. Other procedures relevant to extremities include shoulder instability treatment, Achilles tendon repair and soft tissue reconstruction of the foot and ankle and various other soft tissue repair procedures. Its sports medicine products include the Insite FT and Piton anchor products, ArthroTunneler arthroscopic tunneling device and Force Fiber suture products. Hard tissue biologics products are used in bone fusion or trauma cases. Its biologics products include the BioFiber biologic absorbable scaffold products and Phantom Fiber resorbable suture products.
Large Joints and Other
The Company's large joints and other product category include hip and knee joint replacement implants and other ancillary products, including instrumentation. Hip and knee joint replacement products are used to treat patients with painful arthritis in these larger joints and to treat femoral fracture patients. It offers these products in France and selects international geographies.
The Company competes with Johnson & Johnson, Biomet, Inc., Zimmer Corporation, Stryker Corporation, Smith & Nephew, Inc., Arthrex, Inc., Wright Medical Group, Inc., Exactech, Inc. and Integra LifeSciences Corporation.
WRIGHT MED GP NV
Prins Bernhardplein 200
AMSTERDAM 1097 JB