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Biomet, Inc. is a medical device manufacturer located in Warsaw, Indiana. The company specializes in reconstructive products for hips, knees and shoulders, fixation devices, orthopedic support devices, dental implants and operating room supplies.


Biomet was established in 1977 and delivered its first hip replacement in 1978. In a September 2007 club deal the company was acquired by a consortium of private equity firms and ceased trading on NASDAQ.[1]

The four founders of Biomet were: Dane Miller, Ray Harroff, Niles Noblitt, and Jerry Ferguson.

American Gymnast, Mary Lou Retton sponsors Biomet, specifically the Oxford Partial Knee.

Strengths

* Global presence
* Impressive growth forecast for Humira across a wide range of autoimmune disorders
* Robust lipid management portfolio supported by a range of pipeline programs
* Strong record of lifecycle management crucial in view of forthcoming patent expires
* Innovation leader in the industry

Weaknesses

* Upcoming patent expires
* Narrow phase III pipeline, with little in the way of explosive launch opportunities
* Late-stage pipeline currently offers limited expansion beyond existing therapeutic positions

Opportunities

* License agreements
* Launch of Flutiform
* Positive outlook for diagnostics market

Threats

* Unprecedented generic erosion exacerbated by ineffective product lifecycle launches
* Government regulation
* Industry consolidation
 
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