LEWISVILLE, Texas (AP) — Orthofix International NV said late Sunday that it has settled all of the criminal and civil cases related to fraudulent claims it made to Medicare and other federal health care programs when selling bone growth stimulator devices.Under an agreement originally announced in May 2011, the medical implants and surgery products company […]
NEWS
Are doctors overpaid?
As Democrats and Republicans argue about how to spread the pain of health care spending cuts, one group has been curiously excluded from the discussion: doctors. There’s good reason to change that.Everybody likes doctors. They deliver our babies, treat our ailments and often save our lives. In surveys of public trust, they rate higher than […]
New Worldwide President Of Depuy Synthes Spine
RAYNHAM, MA – DECEMBER 12, 2012 – The DePuy Synthes Companies of Johnson & Johnson announced today that Max Reinhardt has been named Worldwide President of DePuy Synthes Spine, a global leader in spinal care. Mr. Reinhardt has been with the company since 2002, most recently as Vice President of Worldwide Marketing.Mr. Reinhardt began his […]
Vexim Gets the 2012 NYSE Alternext Prize
Vexim (Paris:ALVXM), a medical device company specialising in minimally invasive treatment of vertebral fractures, today announces it has been awarded the NYSE Alternext Paris prize at the close of NYSE Euronext’s 2nd edition of the stock market annual conference (conférence annuelle du marché boursier) on 5 December 2012. This award is in recognition of Vexim’s […]
NuVasive(R) Implements Key Changes to Sales Management Team
SAN DIEGO, CA — (Marketwire) — 12/10/12 — NuVasive, Inc. (NASDAQ: NUVA), a medical device company focused on developing minimally disruptive surgical products and procedures for the spine, is pleased to announce significant leadership changes to its sales management team.Since the end of the third quarter, Alex Lukianov, Chairman and CEO, has taken multiple steps […]
Medtronic introduces cervical surgery technique
MEMPHIS, Tenn. – Dec. 6, 2012 – Medtronic, Inc. (NYSE: MDT) the world leader in spinal technology, announced the U.S. launch of the company’s latest addition to their cervical surgical technique portfolio. The announcement was made at the 40th annual meeting of the Cervical Spine Research Society.The CERVICAL FACETLIFTSM ID/S surgical technique is an innovative […]
Aurora Spine announce partnering with Axxcess Health Care Group
Carlsbad, CA – November 5th, 2012 – Aurora Spine. Aurora Spine is pleased to announce they are partnering with Axxcess Health Care Group to complete their initial capital raise. Axxcess is a key, strategic funding partner working to bring highly “disruptive technology” from Aurora Spine to the medical industry. Created to provide high quality investment […]
DePuy Synthes Spine president quits
December 3, 2012 (MassDevice staff) Namal Nawana, president of Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Synthes Spine, resigned from his role as worldwide president on November 27. He is pursuing opportunities outside of Johnson & Johnson, according to company communications director Debbie Williams.Nawana became the president of DePuy Spine in March last year, having joined […]
K2M Introduces Innovative Spinal Product Portfolio in Italy
LEESBURG, Va., Dec 04, 2012 (BUSINESS WIRE) — 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 another significant advancement toward leadership in the global spine market with the Italian launch of the company’s […]
Three questions with James Pastena of Precision Spine
Over the past 30 years, James Pastena has seen enormous changes in the medical technology business. Many of the spinal implant devices he currently sells from Precision Spine, his Parsippany-based company, could never have been used when he entered the business in the early 1980s.Pastena’s career has taken him through various medical marketing and sales […]
American medical device makers invest millions in China
Foreign investors are targeting the cricks and cramps of China’s aging population as Western medical companies dash to fill the nation’s demand for medical devices geared for China’s 181 million seniors.While the number of senior citizens in China may be increasing quickly, the elderly themselves are not moving all that fast.Moving to tap into the […]
Maintaining service during rapid growth
Aesculap is not a name that’s likely to be familiar to logistics professionals. But for surgeons around the world, it is one that is very well known.The company, based in Tuttlingen, Germany, provides surgeons with a wide variety of surgical instruments and surgical power systems, with a focus on the fields of general, neuro, spinal, […]
Precision Spine™ Initiates New Development Effort with Stephen D. Cook, Ph.D.
PARSIPPANY, N.J.–(BUSINESS WIRE)–Precision Spine, Inc. announced today that it recently entered into an exclusive technology development agreement with Stephen D. Cook, Ph.D.“I look forward to the collaboration of my research laboratories with the engineering team at Precision Spine. This magnetic technology has the potential to revolutionize the design and function of spinal implants.”Dr. Cook is […]
New Research Would Base Spinal Implants on Earth Magnets
Officials at Precision Spine Inc. and Stephen D. Cook have entered into an agreement to develop spinal implants based on earth magnetic technology.The immediate goal of the agreement is to develop applications like spinous process implants that create dynamic segmental distraction to decompress spinal stenosis, but without the subsidence of the implant or discomfort that […]
Spinal Elements®, Inc. Announces Nationwide “Pledge to be a Hero” Program
Carlsbad, Calif (PRWEB) November 27, 2012Spinal Elements, a spine technology company, today introduced their “Pledge to be a Hero” program. This announcement follows the introduction of the company’s Hero™ Allograft last month at the North American Spine Society (NASS) meeting. Spinal Elements chose to name its first allograft tissue product “Hero” to honor those whose […]
Medtronic sees spinal sales fall 5 percent in 2Q
Sales at Medtronic Inc.’s Memphis-based spinal division fell 5 percent in the fiscal second quarter to $782 million.The Minneapolis-based company released its latest earnings report Tuesday morning, which showed overall revenue increased slightly in second quarter 2013 to $4.095 billion, up 1.8 percent compared to sales of $4.023 billion in the second fiscal quarter of […]
How Does MAKO Surgical Handle the Competition?
It’s the hottest name in health care, and it’s trying to bring orthopedic surgeon robots to a hospital near you — it’s MAKO Surgical (Nasdaq: MAKO ) . MAKO’s struggled recently as the company looks for a foothold in this tough economy, particularly as medical device makers are hammered in Europe and prepare for the Affordable […]
Cytori Therapeutics: Showtime for Stem Cells
San Diego biotechnology and civic leaders threw their support behind stem cell research eight years ago, when the state’s voters approved Proposition 71, the $3 billion state stem cell initiative.Californians were promised that the research would lead to therapies for diseases and injuries that had no cure, such as spinal paralysis and diabetes. Once scientists […]
Pinnacle Spine Announces Issuance of US Patent
Dallas, Texas (PRWEB) November 14, 2012Pinnacle Spine Group, LLC, (“Pinnacle”) a Dallas, Texas-based company that designs, develops, manufactures and markets spinal implants and instruments, announces the USPTO has issued US Patent 8,308,805, covering the InFill® Graft Delivery System. Pinnacle received FDA clearance for the system in September 2012, and now has received its first formal […]
Ortho Kinematics Expands Leadership Team
AUSTIN, Texas – November 5, 2012 — Ortho Kinematics‚ a privately held healthcare diagnostics company focused on spine imaging informatics, has announced the appointment of Paul Gunnoe as Chief Executive Officer and Chip Wade, Ph.D. as Chief Scientist. Mr. Gunnoe and Mr. Wade were recruited by Adam Deitz, the company’s founder, and its Board of […]
Spain Orthopedic Devices Market Outlook to 2018
DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/65gfkl/spain_orthopedic) has announced the addition of GlobalData’s new report “Spain Orthopedic Devices Market Outlook to 2018 – Arthroscopy, Cranio Maxillofacial Fixation (CMF), Hip Reconstruction, Knee Reconstruction, Spinal Surgery, Orthobiologics, Trauma Fixation and Others” to their offering.“Spain Orthopedic Devices Market Outlook to 2018 – Arthroscopy, Cranio Maxillofacial Fixation (CMF), Hip Reconstruction, Knee […]
Dr. Raymond Linovitz joins Aurora Spine’s Team
Carlsbad, CA November 1st, 2012 – Aurora Spine announces the appointment of Dr. RaymondLinovitz (retired) to Aurora’s Advisory Board. Dr. Linovitz a very successful board certified orthopedic surgeon in Southern California. He brings vast medical device experience and technical knowledge. “We are very excited to have Dr. Linovitz join our team, his research and principal […]
Orthofix Announces International Launch of TrueLok™
Orthofix International N.V., (OFIX) (the Company) announced today the launch of the TrueLok™ Hexapod System, or TL-HEX, through its international orthopedic distribution network. This external hexapod ring-type fixator for deformity correction and complex trauma treatment represents the next step in the evolution of the Company’s TrueLok™ circular fixation platform. The multi-planar System together with the […]
Titan Spine Appoints Vice President of Sales for Europe
MEQUON, Wis., Nov 07, 2012 (BUSINESS WIRE) — Titan Spine, a medical device surface technology company focused on the development of innovative spinal interbody fusion implants, announced today the appointment of Marcus Klarl as the Vice President of Sales, Europe. Mr. Klarl joins the Company following twenty-two years in the medical device industry in Europe, […]
Brad Mason Joins Aurora Spine as Chairman to the Advisory Board.
Carlsbad, CA– Aurora Spine announces the appointment of Brad Mason as Chairman to the Advisory Board. Brad Mason was the principal founder, Chairman, and CEO of BREG, Inc., a sports medicine orthopedics company which grossed nearly $100 million in sales. Before retiring, Mr. Mason was the Group President for North America for Orthofix International NV, […]
Stryker Announces Changes to Executive Leadership
Kalamazoo, Michigan – November 8, 2012 – Stryker Corporation (NYSE:SYK) announced today the appointment of David K. Floyd to the role of Group President, Orthopaedics, effective November 15, 2012. Orthopaedics includes the Company’s Reconstructive, Trauma and Extremities, Joint Preservation, Orthobiologics and Performance Solutions businesses. Mr. Floyd will report to Kevin A. Lobo, President and Chief […]
Two-level cervical disc from LDR receives approvable letter from U.S. FDA
LDR, a privately held medical device company offering innovative spinal implants for both non-fusion and fusion applications, announced that it has received an Approvable Letter from the U.S. Food and Drug Administration (FDA) for its Mobi-C® Cervical Disc (Mobi-C). Mobi-C is a metal and polyethylene mobile bearing prosthesis specifically designed as a low-profile cervical intervertebral […]