On 6 December 2010, Stryker entered into a definitive agreement with Olympus Corporation for the sale of its OP-1 product family for $60 million. Stryker intended to redirect a portion of the related R&D spending to other internal projects.
Stryker achieved worldwide sales of Orthopaedic Implants worth $1,166m for the fourth quarter representing increase of 4.5% and $4,308m for the year ended 31 December 2010, representing increase of 4.6%.
Orthopaedic Implant sales increased 4.3% in the fourth quarter and 3.3% for the year ended 31 December 2010 following higher sales of hips, knees and trauma implant systems.
Stryker is a medical technology company that provides orthopaedic implants as well as medical and surgical equipment.
