ConMed Reports 2Q17 Revenue

ConMed posted 2Q17 arthroscopy/soft tissue repair revenue of US $105.5MM, -0.3% vs. 2Q16, and 1H17 revenue of $209.3MM, -0.9% vs. 2H16.

Performance highlights from 2Q:

• Confident that new products and sales execution improvements will drive U.S. growth in 2H17
• Specifically called out uptake of CuffLink Double Row rotator cuff repair (on the market for ~1 year) and new shaver system
• Ex-U.S. sales +0.4%, reflecting strong performance in sports medicine and direct sales in regions such as Asia, Australia, Europe and New Zealand
• Rounding out performance turnaround strategies with an acquisition: after close of quarter, announced purchase of MedShape’s all-PEEK ExoShape Anterior Cruciate Ligament repair system, filling a gap in offerings and complementing the GraftMax Button and allografts from Musculoskeletal Transplant Foundation

Source: ConMed Corporation