ArthroCare (NASDAQ: ARTC) is a
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
-based public company in the field of medical devices.
The prime focus of the company is
soft tissue repair and
ablation
Ablation ( la, ablatio – removal) is removal or destruction of something from an object by vaporization, chipping, erosion, erosive processes or by other means. Examples of ablative materials are described below, and include spacecraft materi ...
technology in the medical areas of larger
joints (knee, hip, and shoulder), spine as well as
ENT
Ents are a species of beings in J. R. R. Tolkien's fantasy world Middle-earth who closely resemble trees; their leader is Treebeard of Fangorn forest. Their name is derived from an Old English word for giant.
The Ents appear in ''The Lord of ...
.
Controversies
In 2008, several class actions were filed against ArthroCare, alleging that ArthroCare issued materially false and misleading statements and failed to disclose some adverse facts. In 2012, a settlement of $74 million was approved.
References
External links
A Case of Corporate Greed
Medical technology companies of the United States
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