Did Wright Medical Make The Right Move? (SeekingAlpha)
Summary
Wright Medical Group announced a merger with Tornier to create a major player in the higher-growth extremities segment of orthopedics.
Wright Medical also announced the receipt of an approvable letter from the FDA for its much-harried orthobiologic product Augment.
With the potential for Wright Medical and Tornier to become a $2 billion company with leading share in upper and lower extremities, Wright Medical looks undervalued below the high $30s.
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