August 16, 2016
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Zimmer Biomet acquires CD Diagnostics

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Zimmer Biomet Holdings Inc. announced it has acquired CD Diagnostics, according to a company press release. The financial terms of the transaction were not disclosed.

Initially partnered with CD Diagnostics in 2012 to co-develop and market diagnostics in the field of musculoskeletal health care, the release noted Zimmer Biomet successfully marketed the Synovasure Periprosthetic Joint Infection test. The test was designed and validated for the diagnosis of periprosthetic joint infection.

“Our acquisition of CD Diagnostics cements our leadership and competitive advantage in musculoskeletal diagnostics, strengthens our Signature Solutions offering and advances our mission to provide comprehensive musculoskeletal health care,” Dan Williamson, group president of joint reconstruction for Zimmer Biomet, said in the release.

He added, “We are excited to team up with CD Diagnostics to accelerate the pace of innovation in musculoskeletal diagnostics, ramp up adoption of testing into standard protocols and arm surgeons with critical data to inform diagnosis, staging, treatment and recovery.”

 

Reference:

www.prnewswire.com/news-releases/zimmer-biomet-strengthens-musculoskeletal-diagnostic-offering-with-acquisition-of-cd-diagnostics-300313291.html