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Injuries mount as sales reps for device makers cozy up to surgeons, even in operating rooms

Injuries mount as sales reps for device makers cozy up to surgeons, even in operating rooms
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Barometers hover near day's high; breadth remains strong

Read more about Barometers hover near day s high; breadth remains strong on Business Standard. The benchmark indices hit intraday high in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, surged 633.05 points or 1.30% at 49,365.60. The Nifty 50 index jumped 173.50 points or 1.18% at 14,851.30. ....

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Shalby gains on acquiring implant assets from Consensus Orthopedics


Shalby gained 1.31% to Rs 162.40 after the company announced that it has entered into a definitive agreement to acquire certain assets from California- based Consensus Orthopedics, for a total cash consideration of $11.45 million.
The assets were acquired by Shalby Advanced Technologies Inc, a wholly owned subsidiary of Mars Medical Devices, which is a wholly owned subsidiary of Shalby. The announcement was made on Saturday, 15 May 2021.
The acquired assets are primarily comprised of inventory and plant and equipment. Product inventory includes knee systems, mobile bearing knee systems, hip systems and revision knee systems. The manufacturing plant and equipment consists of machining & finishing (60,000 components per annum), inspection (75,000-80,000 components per annum) and cleaning, packaging & sterilization (1,50,000 components per annum). The manufacturing site is USFDA certified and has ISO certification 13485:2016. In addition, an experienced team of over 40 consen ....

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Market nudges higher in early trade; breadth strong


Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 224.35 points or 0.46% at 48,956.90. The Nifty 50 index was up 59.20 points or 0.4% at 14,737. Asian stocks are trading mixed.
The S&P BSE Mid-Cap index was up 0.45%. The S&P BSE Small-Cap index was up 0.69%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1560 shares rose and 685 shares fell. A total of 117 shares were unchanged.
On the macro front, the Wholesale price index (WPI) inflation data for April is scheduled to be released on Monday. ....

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