Toronto, ON: Given the aging Baby Boomer generation and increasing prevalence of arthritis, is it little wonder that bone graft substitute (BGS) is expected to play a part in the growth of the US orthopedic biomaterial market to an estimated $3.7 billion in just four years’ time. However, that projection by a leading research institute […]
NEWS
Sales kick off for Mazor surgical robotics
CAESAREA, ISRAEL: Mazor Robotics Ltd., developer of Renaissance, a surgical guidance system and its complementary products, announced that Pinnaclemed Co., Ltd., the Company’s distribution partner in Taiwan, purchased its first Renaissance system.The system will be installed during the second quarter in an institution in Taiwan. In January Mazor received regulatory approval to market its Renaissance […]
K2M Strengthens Biologics Portfolio with Launch of VENADO Bone Graft Systems
LEESBURG, Va. — 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 invasiveprocedures, today announced a major expansion of the company’s U.S. biologics offering with the launch of the VENADO® Foam Strips and VENADO Granules Bone Graft Systems.VENADO […]
Misonix BoneScalpel™ Subject Of New Clinical Paper Focused On Spine Surgery
FARMINGDALE, N.Y., March 26, 2013 /PRNewswire/ – Misonix, Inc. an international surgical device company that designs, manufactures and markets innovative therapeutic ultrasonic products for spine surgery, skull-based surgery, neurosurgery, wound debridement, cosmetic surgery, laparoscopic surgery and other surgical applications, announces a new clinical paper accepted for publication by “Neurosurgery,” the journal of the Congress of […]
Congress Cuts Revenue in Consensus.When Votes Don’t Count
The U.S. Senate has voted 79-20, a margin unusual in a closely divided chamber, to support repeal of a 2.3 percent tax on medical devices, one of the measures that helps finance President Barack Obama’s health-care law.Yet even bipartisan support offers little chance of repealing the tax soon.As Obama and Congress start examining taxes and […]
Spinal Implant Prices Vary, Process Drives Up Costs
CHICAGO — Wide variations exist in the cost of the screws, plates, and cages for spinal implants, which contributes to the escalating costs of surgery and healthcare overall, a researcher said here.Currently, hospitals and manufacturers negotiate the price, but individual hospitals are not permitted to share what they’ve agreed on with other centers, reported Samuel […]
Spine Surgeons Embrace Uniquely Effective Valeo Interbody Fusion Devices As Amedica Announces 10,000 Implantations
SALT LAKE CITY, March 22, 2013 /PRNewswire/ — Amedica Corporation, a spinal and reconstructive medical device manufacturer, today announced the 10,000(th) worldwide implantation of its Valeo Interbody Fusion Devices. The Valeo Interbody Fusion Device System, made of Amedica’s proprietary Silicon Nitride ceramic technology, is used during surgical procedures to treat spinal disorders such as spondylolisthesis, […]
SafeWire™, LLC. Announces Appointments and Product Updates
COOPER CITY, Fla., March 20, 2013 /PRNewswire-iReach/ — SafeWire, LLC., A privately held medical company, announced today that Sean Kane has been named Vice President of Sales. Sean brings more than 17 years of sales, clinical and executive management experience in the medical device industry to SafeWire, having significantly accelerated the bottom line growth of […]
X-spine Announces FDA Clearance of New Implant System
MIAMISBURG, Ohio, Mar 20, 2013 (BUSINESS WIRE) — X-spine, a global leader in the design and manufacture of devices for the treatment of spinal disease, announces a new USFDA clearance for the Silex(TM) sacroiliac (SI) joint fusion system.The newly-cleared Silex(TM) system allows for fusion and stabilization of the SI joint in eligible patients whom appropriate […]
NuVasive® to Sponsor the 5th Annual San Diego Festival of Science and Engineering Expo Day
SAN DIEGO, CA–(Marketwire – Mar 19, 2013) – NuVasive, Inc. (NASDAQ: NUVA), a medical device company focused on developing minimally disruptive surgical products and procedures for the spine, is excited to sponsor the 5th Annual San Diego Festival of Science and Engineering Expo Day on Saturday, March 23, 2013 from 10:00 a.m. to 5:00 p.m. […]
Hatch Medical Announces Issuance of Two Patents for Percutaneous Spinal Stabilization System
ATLANTA — Medical device incubator and technology brokerage firm, Hatch Medical, L.L.C. today announced the issuance of US Patent No. 8,357,197 and US Patent No. 8,357,198 related to their percutaneous spinal stabilization system. Hatch Medical previously entered into a joint venture with physician inventor J. Kevin McGraw, M.D. to develop and market the “microinvasive” spinal […]
VertiFlex®, Inc. Announces First Patient Successfully Treated with the Totalis™ Direct Decompression System
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–VertiFlex®, Inc., a leading innovator of advanced minimally invasive spinal surgery technologies, today announced successful completion of the first Totalis™ Direct Decompression procedure, performed by Dr. Eric Grigsby at the Napa Surgery Center on March 1, 2013.“We are very pleased with the development of Totalis™ and the achievement of its successful first […]
J&J Trims Executives’ 2012 Bonuses by 10%
Johnson & Johnson’s (JNJ) “mixed” performance in 2012 prompted its board to reduce the planned bonus for Chief Executive Alex Gorsky and other senior officers by 10%, the health-care giant disclosed Wednesday.J&J said the move was part of a shift in its executive compensation policies to more closely link pay to performance. The company has […]
NLT SPINE Sets the Stage for Commercialization and Opens U.S. Office
KFAR SABA, Israel–(BUSINESS WIRE)–NLT SPINE, a developer of products for spine procedures that are performed through a small incision, officially opened a subsidiary in the U.S. to support the commercialization of its advanced technology platform.“Our vision is ultimately to revolutionize the spine market and create a shift towards MISS, similar to the way the catheter […]
Stryker Announces The Launch Of The ES2™ Spinal System
ALLENDALE, N.J., March 15, 2013 –/PRNewswire/ — Stryker announced today the launch of the ES2 Spinal System. The ES2 system is built on Stryker’s trusted Xia 3 pedicle screw technology, which has been used in approximately 500,000 cases worldwide. ES2’s streamlined implant and instrument design allows for one-step, percutaneous placement of the screw and retractor, […]
VertiFlex(R), Inc. Announces Sale of Certain Non-Core Spinal Implant Technologies to Stryker
SAN CLEMENTE, Calif., Mar 13, 2013 (BUSINESS WIRE) — VertiFlex(R), Inc., a leading innovator of advanced minimally invasive spinal surgery technologies, today announced the sale of certain assets to Stryker Corporation’s Spine Division relating to spinal implants that are not core to the ongoing strategic operations of the company. The scale and scope of the […]
Orthofix International Appoints Brad Mason as President and Chief Executive Officer
LEWISVILLE, Texas — Orthofix International N.V., (NASDAQ:OFIX) (the Company) announced today that it has appointed Brad Mason as its President and Chief Executive Officer, effective immediately. Mr. Mason succeeds Robert Vaters, who resigned to pursue other interests. As an industry veteran, Mr. Mason brings deep knowledge of the Company’s products, distribution channels, and markets, as […]
Amedica Corporation Names Farnsworth CFO
Amedica Corporation, a spinal and reconstructive medical device manufacturer, announced today that Karl Farnsworth has been named Chief Financial Officer (CFO) on February 21, 2013.Mr. Farnsworth brings more than 25 years of experience as a financial executive for growth-oriented, publicly traded companies in multiple industries. He most recently served as the Senior Vice President and […]
Alphatec Spine Receives FDA 510(K) Market Clearance for Its Alphatec Solus
CARLSBAD, Mar 12, 2013 (GLOBE NEWSWIRE via COMTEX) — Alphatec Holdings, Inc. , the parent company of Alphatec Spine, Inc., a company with a mission to provide physician-inspired solutions for patients with spinal disorders, announced today that the Company has received clearance from the U.S. Food and Drug Administration (FDA) to market and sell its […]
Nexxt Spine Moving to Noblesville
Noblesville, Ind. — The Noblesville Common Council voted unanimously to approve an agreement with ,Nexxt Spine, LLC, a medical device manufacturer that designs and produces spinal implants. Nexxt Spine will consolidate and relocate its headquarters and manufacturing facilities to the Noblesville Corporate Campus. It will join several other medical device manufacturers currently located in Noblesville […]
J&J Faces Second Trial Over Recalled Hip After Loss
Johnson & Johnson (JNJ)’s DePuy unit, which just lost a $8.3 million verdict in the first trial over its recalled metal hip implant, now faces a second jury that will consider whether the design was defective.Jurors in Chicago will hear opening statements today about a lawsuit by Carol Strum, 54, an Illinois nurse who claims […]
Aesculap Implant Systems Launches PL-AGE(R) Anterior Cervical Fusion System
CENTER VALLEY, Mar 08, 2013 (GLOBE NEWSWIRE via COMTEX) — Aesculap Implant Systems announced today the availability of the new PL-AGE System, a stand-alone device intended for use in anterior cervical spinal fusion procedures at one level from C3-C7. The PL-AGE offers an integrated plate-cage design featuring a one-piece titanium housing for strength, slotted screw […]
Wright Medical Concludes Take over
Orthopedic devices maker Wright Medical Group recently reported that it had concluded its take over of BioMimetic Therapeutics. This deal will amalgamate Wright Medical’s strong sales team and product lineup with BioMimetic’s biologics offering pipeline.On Nov 19, 2012, Wright Medical revealed its intention to take over BioMimetic Therapeutics for an initial cash payment of $190 […]
Spinal surgery firm TranS1 to acquire Baxano for $23.6M
RALEIGH, N.C. —Spinal surgery medical device maker TranS1 (NASDAQ: TSON) is expanding its focus on minimally-invasive lumbar spine treatments with the acquisition of another spinal products company, Baxano, in a stock deal valued at about $23.6 million. Raleigh-based TranS1 will issue approximately 10.4 million shares of TranS1 common stock and pay $550,000 in cash to […]
Lanx Announces Initial Launch of ALTA(TM) Stand-Alone System for Anterior Cervical Fusion
BROOMFIELD, Colo., March 4, 2013 (GLOBE NEWSWIRE) — Lanx, Inc., a privately held global spine company focused on developing and commercializing innovative devices for fusion surgery, today announced the initial launch of the ALTA™ Stand-Alone ACDF System for a less invasive approach to anterior cervical fusion. The System is the first to feature three low-profile […]
Globus Medical Has The Growth, But What About Value?
On first glance, Globus Medical (GMED) looks like it could be one of the unicorns of the med-tech space – a legit growth story that the market hasn’t already pushed up to a red-hot valuation. Globus has what seems to be a sustainable culture built around product innovation, and that steady stream of innovative products […]
Varied reactions make impact of medical device tax uncertain
Response to the 2.3 percent medical device excise tax has ranged from medical device companies threatening to lay off employees because of it to companies blaming the tax for layoffs (and laterdenying it) to congressmen in the Democratic and Republican parties passing legislation to repeal it.The 2.3 percent tax, which took effect Jan. 1, is […]