This press release also contains supplemental reconciliations of additional non-GAAP financial measures that the Company presents in other contexts. However, optimism prevailed among medtech industry leaders discussing EYs annual Pulse of the Industry medical technology report and related topics at AdvaMeds 2022 MedTech Conference. "Shoulder specialists will value this system's adaptability and flexibility to support their unique surgical approaches and complement diverse patient anatomies.". Unfortunately we've not been able to process your registration. Now, this spirit of They are calculated by translating current and prior-period sales at the same predetermined exchange rate. Primary Menu. Pharma Intelligence UK Limited is a company registered in England and Wales with company number 13787459 whose registered office is Suite 1, 3rd Floor 11 -12 St. James's Square, London, England, SW1Y 4LB. This new system expands Zimmer Biomet's upper extremities portfolio, which includes the Comprehensive Nano Stemless Shoulder and the Signature ONE Surgical Planning System, part of the ZBEdge Shoulder ecosystem. This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding financial guidance, the impact of the COVID-19 pandemic on our business, including any continued recovery, and any statements about our forecasts, expectations, plans, intentions, strategies or prospects. The Comprehensive Reverse Shoulder System was born from a desire to provide a complete shoulder arthroplasty solution to surgeons, without compromise. Diluted earnings per share from continuing operations were $0.92 for the third quarter, and adjusted diluted earnings per share from continuing operations were $1.58. Third quarter net sales from continuing operations of $1.670 billion decreased 0.9% and increased 5.0% on a constant currency1 basis, Third quarter diluted earnings per share from continuing operations were $0.92; adjusted1 diluted earnings per share from continuing operations were $1.58, Company updates 2022 financial guidance, raising range for full year outlook. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183. Zimmer Biomet said on 20 September that the FDA cleared its Identity shoulder system and expects it to be available to US surgeons in the fourth quarter. New, easy-to- Identity Shoulder System for Shoulder Replacement September, 20, 2022. The non-GAAP measures enable the evaluation of operating results and trend analysis by allowing a reader to better identify operating trends that may otherwise be masked or distorted by these types of items that are excluded from the non-GAAP measures. For more information about our product portfolio, our operations in 25+ countries and sales in 100+ countries or about joining our team, visitwww.zimmerbiomet.comor follow Zimmer Biomet on Twitter atwww.twitter.com/zimmerbiomet. The following sales tables provide results by geography and product category for the three and nine-month periods ended September 30, 2022, as well as the percentage change compared to the applicable prior year period, on both a reported basis and a constant currency basis. (C) 2022 Electronic News Publishing, source ENP Newswire. U.S. Food and Drug Administration (FDA) 510(k) clearance of the Identity Shoulder System for anatomic, reverse and revision shoulder replacement. hd;nB1\yz$6R[P@s/RL?~IB'Ls$as )e B`*"D hj1_e3`HR0 &YJnf;+`kC %_b H C&@&wj7, PN: D^3(D X4 @h.EC+ I"3|uz/mm-Vj[jB-[l!RPKB-Z View original content to download multimedia:https://www.prnewswire.com/news-releases/zimmer-biomet-receives-fda-clearance-for-identity-shoulder-system-for-shoulder-replacement-301627552.html. my@email.address. WARSAW - Zimmer Biomet Holdings, Inc. , a global medical technology leader, today announced U.S. Food and Drug Administration 510 clearance of the Identity Shoulder System for anatomic, reverse and | October 12, 2022 This press release includes non-GAAP financial measures that differ from financial measures calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). The Identity Shoulder System expands on the traditional inlay and onlay1 reconstruction used in reverse shoulder arthroplasty by providing eight humeral tray combinations that give surgeons increased options for aligning the humerus (upper arm bone) with the glenoid (shoulder socket), without lengthening the arm. Management believes these measures offer the ability to make period-to-period comparisons that are not impacted by certain items that can cause dramatic changes in reported income but that do not impact the fundamentals of our operations. The information contained on, or that may be accessed through, our website or any other website referenced herein is not incorporated by reference into, and is not a part of, this document. Earnings Flash (ZBH) ZIMMER BIOMET HOLDINGS Reports Q3 Revenue $1.67B, vs. Street Est o.. Chairman, President & Chief Executive Officer, Chief Financial Officer & Executive Vice President, Chief Information Officer & Senior Vice President, Chief Compliance Officer & Senior Vice President. K`DT@j6 (oi1A"V}.B\/Ir5?:- -nKC/[E;/;Dc${D%c|I 6s.B@X :Uc4 -'>@=>R[e[+^B>m:o`HdR4*:#*!xc:;roj-KQW}1Vj EW,:>af#Pq %E*?$H}6i!a. \^386sR Nv[@fwH}camHuR>{lHW:#P6{=t1Xa~5*ut$#e 6]Z;zR-,4LxAU${x:i:|y,;2,e}'f9:>oAo +}>oi^z4H\wn|l_Qkrpj.uCXPR|v%P|/=h>\8)E@B_3%,##l2[SrFa] _MN&|T`}G>W>j(_2Up| Zimmer Biomet has been helping surgeons with their shoulder arthroplasty needs for over 40 years. Please provide a work email address. Its brand named Identity and it delivers more personalized repair. Forward-looking statements include, but are not limited to, statements concerning Zimmer Biomet's expectations, plans, prospects, and product and service offerings, including new product launches and potential clinical successes. 172 0 obj <>stream The inlay design is implanted centrally on the humerus (upper arm bone) to match the surrounding anatomy with a fit that leaves it flush with the surrounding cartilage. In addition, constant currency sales changes, adjusted operating profit, adjusted diluted earnings per share from continuing operations and free cash flow from continuing operations are used as performance metrics in our incentive compensation programs. Shoulder specialists will value this systems adaptability and flexibility to support their unique surgical approaches and complement diverse patient anatomies.. Strong headwinds beset the medtech industry as 2022 draws to a close, including supply chain, fundraising and labor shortages. Newsroom Zimmer Biomet For Zimmer Biomet sales D#rB|=Di)N(_5_}^;QNy9A:hCvQ 8:RRRRRRR> q The Company will conduct its third quarter investor conference call today, November 2, 2022, at 8:30 a.m. Really novel shoulder system just received FDA clearance. Forward-looking statements speak only as of the date they are made, and Zimmer Biomet disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All statements other than statements of historical or current fact are, or may be deemed to be, forward-looking statements. For more information about the Identity Shoulder System, visit www.zimmerbiomet.com/en/products-and-solutions/specialties/shoulder/identity-shoulder-system.html. Ask the Analyst is free for subscribers. Readers of this news release are cautioned not to rely on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. The Identity Shoulder System is a convertible system that uses proprietary technologies to align each surgeons approach to an Medtech Insight is part of Pharma Intelligence UK Limited. and all copyright resides with the group. AcP*xYsl[!i7Ev/Qfjc6,6Z|w~ Readers of this news release are cautioned not to rely on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. Zimmer Biomet Receives FDA Clearance for Identity Shoulder System for View All News Events. Our legacy continues to come to life today through our progressive culture of evolution and innovation. This cautionary note is applicable to all forward-looking statements contained in this press release. Columbia University's College of Physicians and Surgeons, Get the Android Weather app from Google Play, Candlelight vigil held in memory of 15-year-old shot, Lafayette mother wants justice for son shot, wounded, Fired Lafayette Police Sgt. The Identity Shoulder System was designed to help surgeons restore center of rotation and achieve optimal range of motion after reverse shoulder replacements, a main goal of these procedures, said Dr. William Levine, chair of the Department of Orthopedic Surgery at Columbia University and a member of the development team. Get to know Zimmer Biomets leadership team. Similar to all shoulder systems in Zimmer Biomet's portfolio, the Identity Shoulder System utilizes proprietary technologies, including Versa-Dial for infinite humeral head offset placement and Alliance Glenoid for a broad range of glenoid options, to adapt to a patient's unique anatomy. Our Trabecular Metal material is designed for long-term fixation. 1 Inlay and onlay are two dierent reverse shoulder prosthesis designs. fwZHDEx'9EX;z `;?fq[o1TunrJa#i0x^#pZ 09VIJjAd@>6h`5k6rec^cq;n/Tx^xKCL' N 8p .01 ' N 8p j^Efw.&.D$D2B(?5Q Gp\?opk|{RCS'g6_- IER"EB?$_Ei0sat#3-{T "This significant milestone adds to progress in our growing Sports Medicine, Extremities and Trauma (S.E.T.) cq|ppnJC0]Fb+ }~r7" )-Em#ns,N" Lz.M[dbbC_N@|_k'@yfy. mGEjS|rOWSHxhY.DOY6PCJ? Today we announced U.S. Food and Drug Administration clearance of Zimmer Biomets Identity Shoulder System for anatomic, reverse and revision Liked by Brett Sowden. Aside from investing in new technologies to potentially improve patient outcomes, we Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. Nov 02, 2022. Zimmer Biomet 3rd Quarter 2022 Financial Results Zimmer Biomet is a global leader in musculoskeletal healthcare. The company says the system was designed to offer adaptability for potential revision procedures on a patient in the future. An account with that username already exists. w]+Qrxa6 {D#wN`($9L'tgy^Vz-W; F_k}\nmZS*AIpsW]?u}um}>PgMY)EPQ0 J~l T\m!>V48[K2;/;cOQ9GqQq_SrF"*63`+8O~O0eGFr endstream endobj 1 0 obj <> endobj 26 0 obj <>stream Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results for the quarter ended September 30, 2022. These non-GAAP financial measures may not be comparable to similar measures reported by other companies and should be considered in addition to, and not as a substitute for, or superior to, other measures prepared in accordance with GAAP. 'This significant milestone adds to progress in our growing Sports Medicine, Extremities and Trauma (S.E.T.) #NtZQnz]3MA.b|b1&nb7P?z k$Ii#G:{X`*\{|?,El&7L7sX Whos paying attention to the IT line item? Copies of these filings are available online at www.sec.gov, www.zimmerbiomet.com or on request from us. Similar to all shoulder systems in Zimmer Biomet's portfolio, the Identity Shoulder System utilizes proprietary technologies, including Versa-Dial for infinite humeral head offset placement and Alliance Glenoid for a broad range of glenoid options, to adapt to a patient's unique anatomy. The Identity Shoulder System is a Submit your question and one of our analysts will be in touch. Cautionary Statement Regarding Forward-Looking Statements. "The FDA clearance of the Identity Shoulder System is exciting because it offers surgeons a highly adaptable solution for anatomic, reverse and revision procedures to help patients optimize natural shoulder movement," said Ivan Tornos, Chief Operating Officer at Zimmer Biomet. Similar to all shoulder systems in Zimmer Biomet's portfolio, the Identity Shoulder System utilizes proprietary technologies, including Versa-Dial for infinite humeral head offset The Identity Shoulder System is the most recent addition to Zimmer Biomet's shoulder replacement systems offering. This copy is for your personal, non-commercial use. Constant currency percentage changes exclude the effects of foreign currency exchange rates. Warsaw, Indiana-based Zimmer Biomet designed Identity for anatomic, reverse and revision shoulder replacement. Designed to offer adaptability for potential revision procedures in the future, the Identity Shoulder System allows for 5mm of additional joint space below resection2, which gives surgeons more to work with if a revision is needed in the future. q?4pEecX^ (|Q= Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. Free cash flow from continuing operations is computed by deducting additions to instruments and other property, plant and equipment of continuing operations from net cash provided by operating activities from continuing operations. Fully convertible platform stem portfolio, featuring Micro, Mini, Standard and Revision lengths. Available in a wide range of sizes, it has been designed for strong fixation. The Identity Shoulder System is a convertible system that uses proprietary technologies to align each surgeon's approach to an individual patient's anatomy, with the goal of alleviating pain and optimizing range of motion. Zimmer Biomet Announces One-Year Data from mymobility Clinical Study at 2022 AAHKS Annual With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the highest quality solutions to patients and providers. An onlay design rests above the anatomic neck resection. "The FDA clearance of the Identity Shoulder System is exciting because it offers surgeons a highly adaptable solution for anatomic, reverse and revision procedures to help patients optimize natural shoulder movement," said Ivan Tornos, Chief Operating Officer at Zimmer Biomet. 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