Leerink Partners Cuts Price Target on Wright Medical Group (WMGI) Following 3Q
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November 2, 2016 4:06 PM EDT
AMSTERDAM, The Netherlands, Nov. 02, 2016 (GLOBE NEWSWIRE) -- Wright Medical Group N.V. (NASDAQ: WMGI) today announced that on November 1, 2016, its wholly owned subsidiary Wright Medical Technology, Inc. (WMT) entered into a Master Settlement Agreement (MSA) with Court-appointed attorneys representing plaintiffs in the previously disclosed metal-on-metal hip multi-district litigation known as In Re: Wright Medical Technology, Inc., CONSERVE® Hip Implant Products Liability Litigation, MDL No. 2329 (MDL) and the consolidated proceeding pending in state court in California known as In re: Wright Hip System Cases, Judicial Council Coordination Proceeding No. 4710 (JCCP).  In addition, on October... More
November 2, 2016 4:06 PM EDT
  Third Quarter 2016 Net Sales From Continuing Operations of $157 Million As Reported
Third Quarter 2016 Global Extremities and Biologics Net Sales Increased 96%, Driven By Year over Year Impact from Tornier Merger, and 9% on a Non-GAAP Pro Forma Constant Currency Basis
Third Quarter 2016 Net Loss From Continuing Operations of $53 Million; Non-GAAP Adjusted EBITDA From Continuing Operations of $6 Million
Company Reaches Settlement Agreement in Metal-On-Metal Hip Litigation
AMSTERDAM, The Netherlands, Nov. 02, 2016 (GLOBE NEWSWIRE)... More
