Zimmer Biomet and Canary Medical Inc. to launch smart knee implant in 2021.
Two Wall Street analysts, Mike Matson, CFA, and David Saxon, CFA, from Needham & Company, LLC have selected Zimmer Biomet Holdings, Inc. as their top pick for 2021.
Matson and Saxon selection of Zimmer Biomet as a top pick for 2021 comes on the heels of a very interesting announcement by ZBH regarding its latest technology move—specifically ZBH’s acquisition of a novel smart implant technology which Matson and Saxon think could become a “significant growth driver.”
That technology comes from Zimmer Biomet’s arrangement with Canary Medical Inc. and the plan in 2021 is to launch a remarkable smart knee implant to collect and analyst real-time knee data and communicate that to the patient’s care team via the cloud. This cutting edge technology, says ZBH, will be incorporated into a Persona-IQ smart knee, which Matson and Saxon believe could be the first smart knee implant to market.