MINNEAPOLIS (WCCO) — Minnesota’s medical device makers say a new tax to help pay for the federal health care law could cause cutbacks, and even layoffs.The state is home to more than 700 medical device companies, and between 250,000 to 300,000 workers.The nine employees left at Signus, a Chanhassen-based spinal implant company, took a 40 […]
NEWS
Misonix Reports Financial Results for First Half of Fiscal 2013
FARMINGDALE, N.Y., Feb. 7, 2013 /PRNewswire/ — Misonix, Inc. (NASDAQ: MSON), a surgical device company that designs, manufactures and markets innovative therapeutic ultrasonic products worldwide for spine surgery, cranial maxillo – facial surgery, neurosurgery, wound debridement, cosmetic surgery, laparoscopic surgery and other surgical applications, today reported financial results for the six-months and the second quarter […]
Zimmer Told to Pay Stryker $70 Million in Patent Case
Zimmer Holdings Inc. was told to pay $70 million to Stryker Corp. for infringing patents related to a device that removes damaged tissue and cleans bones during joint-replacement surgery.Zimmer infringed three Stryker patents, a federal jury in Grand Rapids, Michigan, said today. The jury also found the infringement was willful, meaning U.S. District Judge Robert […]
The Better Way Back®, a Nuvasive® Patient Education Program, Reaches 1,000 Patient Ambassadors
SAN DIEGO, February 5, 2013 – NuVasive, Inc. (NASDAQ: NUVA), a medical device company focused on developing minimally disruptive surgical products and procedures for the spine, is pleased to announce that The Better Way Back®, a NuVasive supported patient education program, has reached over 1,000 active patient ambassadors nationwide.The Better Way Back’s ambassadors are patients […]
HydroCision References the Recent Internet Spine Journal Study as Encouraging and Hopeful for the Estimated 60 Million Suffering with Symptomatic Spinal Lumbar Disc Herniations
NORTH BILLERICA, Mass., Feb. 5, 2013 /PRNewswire/ – HydroCision Inc., a privately held medical device company, announced the results of a multi-center study published in the January edition of the Internet Spine Journal demonstrating a 94% improvement in back and leg pain for patients receiving Hydrodiscectomy.It has been estimated that more than 60 million people […]
Medical Device Using Evonik’s Receives First FDA Spinal 510(K) Approval
PARSIPPANY, N.J. — K7 LLC’s K7C™ Cervical Spacer, a spinal implant device using Evonik’s VESTAKEEP®PEEK (polyetheretherketone), has received the U.S. Food and Drug Administration’s (FDA) 510(k) approval for use as an Intervertebral Body Fusion (IBF) device.This marks the first time a VESTAKEEP® PEEK-based spinal fusion medical device has gained 510(k) approval from the FDA. The […]
Minn. med-tech companies pushing to end device tax
ST. PAUL, Minn. — Medical device makers in Minnesota and across the nation this week started paying a 2.3 percent tax on products they sell.The industry complains the tax, part of the federal health care overhaul, creates an unfair and unwise burden that will impede innovation and kill jobs. But supporters of the law contend […]
Zimmer slides on lower spine market outlook
Zimmer Holdings, Inc. (NYSE and SIX: ZMH) today reported financial results for the quarter and year ended December 31, 2012. The Company reported fourth quarter net sales of $1.18 billion, an increase of 1.1% reported and 2.1% constant currency over the fourth quarter of 2011. Diluted earnings per share for the quarter were $0.88 reported […]
Pioneer Surgical opens new office in Germany
Marquette-based Pioneer Surgical Technology announced that it is expanding its international presence–and not just competitively. The company–which has developed successful products in the spine, biologics, orthopedics, and cardiothoracic markets–announced that it will open a new facility in Konstanz, Germany.The company, in turn, has created Pioneer Surgical technology Deutschland GMBH to help give them a better presence […]
Global Spinal Nonfusion Market to Grow to $1 Billion by 2017, Despite Challenges
TORONTO, Jan. 29, 2013 /PRNewswire/– According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, demographic factors, particularly growth in the over-50 population and increasing obesity, coupled with a growing interest in motion-preserving technologies, will help the global spinal nonfusion market to grow to over $1 billion by 2017.However, many countries […]
Amedica Announces Expansion Of Executive Team
SALT LAKE CITY, Jan. 29, 2013 /PRNewswire/ — Amedica Corporation, a spinal and reconstructive medical device manufacturer, today announced several new additions to its executive management team to help guide the company’s efforts as Amedica shifts the standard of care for interbody fusion devices toward proprietary Silicon Nitride (Si(3)N(4)) ceramic. Four strategic appointments, including a […]
Medtronic launches global spinal cord neurostim trial
(HealthNewsDigest.com) – MINNEAPOLIS – January 28, 2013 – Medtronic, Inc. (NYSE: MDT) today announced the start of PROMISE, a Prospective, Randomized Study of Multicolumn Implantable Lead Stimulation for Predominant Low Back Pain. This is the first-ever, large-scale study comparing the effectiveness of Medtronic neurostimulation therapy with Specify® 5-6-5 multicolumn surgical leads plus optimal medical management […]
Growth factor: UM spinoff aims to use mesh to create bone
It sounds futuristic: Tissue Regeneration Systems Inc. is in the business of using a biodegradable polymer mesh to grow new bone and replace the titanium implants now in use. But the future isn’t so far off.With a fresh round of venture capital funding, including $500,000 from a new state of Michigan fund, and animal trials […]
J&J profit soars on fewer charges, Synthes deal
Johnson &Johnson reported a surge in fourth-quarter earnings from a year-earlier period that was weighed down by legal costs, while an acquisition helped sales rise 8%.The health-care giant, which is trying to bounce back from a series of product recalls, had lighter-than-expected quarterly sales and issued a forecast for 2013 earnings that fell slightly short of […]
Brazilian, Indian and Chinese Orthopedic Markets to See Strong Growth Through 2017
TORONTO, Jan. 24, 2013 /PRNewswire/ — According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the Brazilian, Indian and Chinese markets for spinal implants and bone graft substitutes (BGS) will grow strongly, to a total value of more than $3 billion by 2017, while the trauma and reconstructive joint implants […]
Neuralstem’s stem cells give spinal injury patients hope
Physicians, researchers, patients and their advocates in the spinal injury field are keeping a close eye on Rockville biotech Neuralstem as it prepares to launch a Phase 1 safety trial of its stem cell treatment for chronic spinal cord injury.The Food and Drug Administration approved the trial Monday. Neuralstem plans to conduct the study on […]
Zimmer to cut 93 local jobs
Minneapolis-based Zimmer Spine and affiliated company Indiana-based Zimmer Inc. will permanently lay off a total of 93 workers in Austin over the next several months.Medical device company Zimmer Spine announced in a statement earlier this month that it would consolidate operationsin Minneapolis and Memphis to streamline its business. Its local facility at 5301 Riata Vista […]
J&J Updates on Growth Strategies
Johnson & Johnson (NYSE:JNJ) will present its Medical Devices & Diagnostics (MD&D) business strategy for accelerating growth during its annual Business Review today. The presentations will focus on its market leading products, plans for global expansion and meaningful innovations in MD&D that position the company well for long-term growth in a dynamic market. Johnson & […]
Zimmer Introduces V2F™ Anterior Fixation System
MINNEAPOLIS, Minn., Jan. 21, 2013 /PRNewswire/ — Zimmer Holdings, Inc. (NYSE: ZMH; SIX: ZMH), a global leader in musculoskeletal health, today introduced the Zimmer V2F Anterior Fixation System, a new implant system for the treatment of thoracolumbar burst fractures, tumors, disc degeneration and other pathologies of the anterior spine. The system represents Zimmer’s first lateral […]
Synthes USA files breach of contract claim against former sales rep for converting customers
A suburban Philadelphia manufacturer of medical devices has filed a civil action against a former employee that claims the man violated his contract with the plaintiff when he allegedly converted customers who formerly did business with the plaintiff to the new company at which the defendant was hired following his departure from his former company.Attorneys for […]
Medicrea: 2012 Annual Sales
LYON, France —The Medicrea Group (FR0004178572-ALMED), a company specialized in the development of innovative surgical technologies for the treatment of spinal pathologies, listed on Alternext by NYSE – Euronext Paris, announces its 2012 results.2012 annual sales were up 8.5% compared with 2011. “This performance was achieved within a global competitive and economic environment that has […]
Stryker Offers to Buy China Spine-Products Maker
Stryker Corp. offered to pay $764 million in cash for the spine-products maker Trauson Holdings Co. and a foothold in the fast-growing Chinese orthopedics market.The deal follows Medtronic Inc.’s September acquisition of Chinese orthopedics company Kanghui Holdings Co. for $816 million. U.S. medical-device makers, facing sluggish markets for high-end devices such as spine and hip […]
VEXIM : Strengthens Its Management Team
Vexim (Paris:ALVXM), a medical device company specializing in minimally invasive treatment of vertebral fractures, has announced the appointment of Delphine Gricourt as Director of Marketing and Investor Relations. Delphine Gricourt has acquired over 20 years of experience in marketing in the medical device and agri-food industries.Delphine Gricourt started her career in the agri-food industry as […]
World-renowned Orthopedic Surgeon Sues Medical Device Company For Breach Of Contract
BUFFALO, N.Y., Jan. 16, 2013 /PRNewswire/ — Andrew Cappuccino, M.D., a world-renowned orthopedic surgeon based in Buffalo, has filed a lawsuit in U.S. District Federal Court, Southern District of California, accusing NuVasive, Inc., of breach of contract.In a civil complaint filed today, Dr. Cappuccino charges NuVasive, a Delaware corporation, with principal offices in San Diego, […]
Globus Medical Reports Preliminary Year End Sales Results
AUDUBON, Pa., Jan 15, 2013 (BUSINESS WIRE) — Globus Medical, Inc. GMED +6.25% , a leading spinal implant manufacturer, today announced preliminary unaudited sales results for the year ending December 31, 2012, in advance of its national sales meeting being held later this week. The company anticipates fourth quarter sales of $100.5 million, a 14.3% […]
Stryker Provides Prelim 4Q Results
Orthopedic devices major, Stryker Corp. (SYK – Analyst Report) has pre-announced its fourth-quarter and full year 2012 results and provided its outlook for 2013. The company will report its financial results on Jan 23, after market closes.Sales Growth Exceeds GuidanceAccording to the Michigan-based company, revenues for the fourth quarter increased 5.5% (6.1% on a constant […]
GE Capital Closes $21.5 Million Senior Secured Credit Facility for Amedica Corporation
BETHESDA, Md., Jan 09, 2013 (BUSINESS WIRE) — GE Capital, Healthcare Financial Services announced today that it is serving as administrative agent on a $21.5 million senior secured credit facility for Amedica Corporation. The financing will be used for working capital to support growth.Headquartered in Salt Lake City, Amedica is a spine and orthopedic implant […]