Arthrex Lands $255 Million DOD Contract
Orthopedic devicemaker Arthrex has signed a five-year, $255 million contract with the U.S. Department of Defense to sell medical devices and accessories to the Army, Navy, Air Force, Marine Corps and federal civilian agencies.
The contract does not specify what devices will be purchased.
Arthrex beat out 57 other bidders for the contract, issued by the Defense Logistics Agency Troop Support unit in Philadelphia, Pa. The company will manufacture the products at its facility. The contract, which expires Aug. 28, 2019, allows for economic price adjustments but has no option for extension.
The privately held devicemaker has developed more than 7,500 products and surgical procedures to advance minimally invasive orthopedics and arthroscopy. It produces orthopedic devices, orthobiologics for use with tissue, blood products, and bone, and products for imaging and resection. — Kellen Owings
Subscribe to Devices & Diagnostics Letter for complete coverage of the medical devices industry. Click here for more information.