Synthes and Globus agree on settlement
West Chester, PA and Audubon, PA, August 21, 2007
Synthes, Inc. and Globus Medical Inc. and certain distributors of Globus products jointly announce that, in return for a payment of $13,500,000.00 to Synthes, an agreement by Globus Medical that it and its agents will not solicit or hire Synthes employees for one year until August 10, 2008, and the exchange of mutual general releases, the parties have resolved, without any admission of liability or wrongdoing by Globus, all six cases currently pending between them.
Synthes: A leading medical device company
Synthes is a leading global medical device company. We develop, produce and market instruments, implants and biomaterials for the surgical fixation, correction and regeneration of the human skeleton and its soft tissues.
For further information please contact
Peter Fehlmann, Investor Relations, Synthes, Inc.
Phone: +41 32 720 48 10 , Fax: +41 32 720 48 11
e-mail: ir.info@synthes.com