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2014
Orthofix Appoints Kathleen Regan as Interim Chair of the Board
LEWISVILLE, TEXAS — Orthofix International N.V. (NASDAQ:OFIX) (the “Company”) today announced that its Board of Directors (the “Board”) has appointed Kathleen (“Kathy”) Regan, a director, as Interim Chair of the Board, effective immediately. Ms. Regan succeeds Randy Thurman, who has accepted a new executive position that requires him to limit his other professional activities and […]
Germany and France Will See Strongest Growth in European Markets for Spinal Implants Through 2022
BURLINGTON, Mass., Jan. 23, 2014 /PRNewswire/– According to Decision Resources Group (DRG), France and Germany will offer competitors in the European spinal implant market the greatest opportunities for revenue expansion through 2022. These countries have not been as adversely affected by the European economic crisis as Italy and Spain, and austerity measures have not been […]
Stryker profit rises 43% on stronger sales
Stryker Corp. SYK said its fourth-quarter earnings rose 43% on the medical-device maker’s broad revenue growth, including sales of its replacement knee and hip joint products. Read more »
VGI Medical, LLC (aka VG Innovations) Announces the Establishment of a National Sales Management Team
St. Petersburg, FL (PRWEB) January 21, 2014,Hollifield, over the last several months, has focused on establishing the sales team needed to support the growth of the current product portfolio as well as that expected from the upcoming new product releases.Steve Allegaert joined the team as the Area Sales Director-West, focusing on expanding sales and distribution […]
Global Markets for Spinal Nonfusion Technologies Will Almost Triple by 2022
TORONTO, Jan. 16, 2014 /PRNewswire/ — According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the global market for spinal nonfusion devices will almost triple in size through 2022, surpassing$1.6 billion. This market will be driven largely by emerging products and approvals, as well as high growth in emerging regions, […]
Zimmer China Recognised as a “Top Employer” in China for Three Consecutive Years
SINGAPORE, Jan. 16, 2014 /PRNewswire/ — Zimmer China has once again been named a “China’s Top Employer” brand by the Corporate Research Foundation (CRF) in China. This marks the third consecutive year Zimmer China has been so recognized. CRF is a global publishing organisation that specialises in research into best business practices, identifying leaders in […]
MEDICREA: 2013 Annual Sales
LYON, France–(BUSINESS WIRE)–January 15, 2014– The MEDICREA group (Paris:ALMED), which specializes in the development of innovative surgical technologies for the treatment of spinal pathologies and is listed on Alternext-Euronext Paris, announces its 2013 annual sales. Sales for the 4(th) quarter of 2013 were up 18% compared with that of 2012 thanks to the dynamism of the […]
NuVasive Riding A New Wave Of Optimism
January 16th 2014 ,(seekingalpha.com)–Sell-side analysts still seem to be nervous about the near-term future of the spine market, but investors haven’t let that scare them away fromNuVasive (NUVA). With new products and a focused OUS strategy re-accelerating growth and management laying out some bold ambitions for the next five years, these shares have more than […]
VEXIM: 2013 sales: x2.2 to EUR6.1 million
TOULOUSE, France–(BUSINESS WIRE)–January 16, 2014– VEXIM (Paris:ALVXM) , a medical device company specialized in minimally invasive solutions for the treatment of vertebral fractures, today reported 2013 4(th) quarter and full-year consolidated sales.VEXIM recorded 2013 fourth quarter sales of EUR2 million, up by a multiple of 2.1 from the same period in 2012. Read more »
Aurora Spine Corporation Updates Status of Private Placement
CARLSBAD, CALIFORNIA–(Marketwired – Jan. 14, 2014) -Aurora Spine Corporation (TSX VENTURE:ASG) (‘Aurora Spine” or the “Company”) is pleased to announce that it has confirmed that the anticipated size of its previously announced private placement of common shares (“Common Shares”) will be $10 million, with such shares being issued at a price of CDN$3.15 per share […]
VertiFlex®, Inc. Announces Decision by The Centers for Medicare & Medicaid Services
SAN CLEMENTE, Calif.–(BUSINESS WIRE)– VertiFlex®, Inc., a leading innovator of advanced minimally invasive spinal surgery technologies, announces The Centers for Medicare & Medicaid Services (CMS) has released its final Decision Memorandum on coverage for Percutaneous Image Guided Lumbar Decompression (PILD) for Spinal Stenosis, allowing Coverage with Evidence Development (CED). Under this decision, Medicare coverage for […]
Not All Mechanical Medical Devices are so Predictable that Disclosing a Single Example in a Patent Application Supports Broad Patent Protection
In October, the Court of Appeals for the Federal Circuit in Synthes USA, LLC v. Spinal Kinetics, Inc.addressed a situation that is common in the medical device industry.1 Synthes filed a patent application for a medical device that described a single example. Presumably after seeing its competitor Spinal Kinetics’s devices, Synthes broadened the scope of […]
Stryker and Neurologica Partner To Provide Surgical Navigation with the BodyTom® Portable CT Scanner
KALAMAZOO, Mich. and DANVERS, Mass., Jan. 6, 2014 /PRNewswire/ — Stryker Corporation and NeuroLogica, a subsidiary of Samsung Electronics America Inc., announced an exclusive partnership agreement in which Stryker will promote and sell NeuroLogica’s BodyTom portable full body computed tomography (CT) scanner for the specialties of neurosurgery, spine surgery, orthopaedic surgery, and trauma surgery in […]
How Much Do Medical Devices Cost? Doctors Have No Idea
Imagine taking your car to a mechanic who couldn’t tell you how much, say, a new battery would cost. Or, for that matter, the price of any available batteries. What’s more, there’s no way to find out because the manufacturer sells parts to different shops at vastly different prices, and its supply contracts forbid them […]
K2M Expands Minimally Invasive Portfolio with 510(k) Clearance of CAYMAN® Minimally Invasive
K2M, Inc., the largest privately held spinal device company in the world focused on developing innovative solutions for the treatment of complex spinal pathologies and minimally invasive procedures, today announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market CAYMAN® Minimally Invasive, the latest addition to the company’s CAYMAN […]
Biomet Swings to Profit on Sales Growth
Biomet Inc. swung to a fiscal second-quarter profit, benefiting from all its major businesses posting stronger sales.Though Biomet is privately held, its results are closely watched because the maker of orthopedic medical devices reports earlier than larger competitors—such as Zimmer Holdings Inc., ZMH +2.45% Stryker Corp. SYK +1.64% and Johnson & JohnsonJNJ -0.14% —and potentially […]
Globus Medical Announces Acquisition of Robotics Developer Excelsius Surgical
AUDUBON, Pa.–(BUSINESS WIRE)–January 08, 2014– Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal implant manufacturer, today announced that it has acquired Excelsius Surgical. Excelsius Surgical is developing a next generation surgical robotic positioning platform for spine, brain and therapeutic markets. The Excelsius Surgical system is a robotic surgical aid for navigating and facilitating surgical access, […]
TranS1 Acquires Company, Moves HQ To Raleigh
Wilmington-based TranS1 Inc., maker of products that treat degenerative conditions of the spine, has acquired Baxano Inc., a Raleigh-based privately held medical device company. The company is relocating its headquarters to Raleigh.The company’s release stated that under the terms of the merger agreement, RacerX Acquisition Corp., a wholly owned subsidiary of TranS1, merged with and […]
SI-BONE, Inc. Announces 10,000 Procedure Milestone By SI-BONE, Inc.
SAN JOSE, Calif., Jan. 6, 2014 /PRNewswire/ — SI-BONE, Inc. (San Jose, California), a medical device company that pioneered the use of the iFuse Implant System,® a minimally invasive surgical (MIS) device indicated for fusion of the sacroiliac (SI) joint, announced today that the iFuse Implant System has been used in over 10,000 procedures worldwide […]
DePuy Synthes Spine Launches New Tissue Implant For Spine Surgery, CONFORM SHEET™
RAYNHAM, Mass., Jan. 6, 2014 /PRNewswire/ — DePuy Synthes Spine, in collaboration with DePuy Synthes Biomaterials, announced today the U.S. launch of CONFORM SHEET™ *+, a hydrated, pliable and totally demineralized cancellous bone matrix that fills voids during posterolateral spinal fusion surgery and provides a natural scaffold for new bone formation. The new allograft implant, […]
Global Spine Surgery Devices Market Poised $14.8 Billion by 2017
The global spine surgery devices market consists of fusion, non-fusion, spinal decompression, VCFs treatment products, and Spine biologics technologies. The global spine surgery devices market is estimated at $11,554 million in 2012 and is poised to grow at a CAGR of 5.1% to reach $14,833 million by 2017.The new market research report “Spine Surgery Devices […]
Alphatec Holdings announces new chief operating officer
Alphatec Holdings Inc. announced that Mike Plunkett will succeed Pat Ryan as chief operating officer.Plunkett joined Alphatec Spine in 2012 as vice president operations and was responsible for U.S. operations, including supply chain, production, manufacturing engineering, facilities and information technology. In his new role, Plunkett will have responsibility for global supply chain, clinical, regulatory, quality […]
SpineGuard names Pierre Guyot to Board of Directors
PARIS and SAN FRANCISCO (Jan. 2, 2014) – SpineGuard (FR0011464452 – ALSGD), an innovative medical device company focused on improving spine surgery safety, announced today that Pierre Guyot has been appointed to its Board of Directors.Mr. Guyot has served as Chief Executive Officer and Board Director of Mölnlycke Healthcare since 2007, leading the very successful […]
Israeli Revolutionary Joint Replacement For Worn-Out Vertebrae
Bend. Flex. Extend. Rotate. Though these words are ordinary to most people, they (literally) send shivers down the spines of the millions around the world who suffer from chronic lower back pain. Premia Spine is an Israeli company looking to once again render these words innocuous to patients with their revolutionary spinal implant.The Israeli company […]