Medical-device company NuVasive Inc is establishing an international operations centre in Waterford this coming week, and creating up to 30 highly skilled roles over the next two to three years. NuVasive – which is headquartered in San Diego, California – has already begun recruitment for supply chain, customer service, accounting and IT positions at the […]
NEWS
Mazor Robotics Receives First Order for Renaissance System with Brain Module
CAESAREA, Israel – July 2, 2014 – Mazor Robotics Ltd., a developer of innovative guidance systems and complementary products, announced today that it has received the first order for its Renaissance system since the commercial launch of the brain surgery module.The system was sold to Bryan Medical Center in Lincoln, NE and will be utilized […]
400 jobs eliminated at Johnson & Johnson subsidiary
DePuy Synthes was created in 2012 after Johnson & Johnson paid $21.3 billion for the medical device manufacturer with offices in West Chester, Pa., and Switzerland. It specializes in spine and bone repair products.Johnson & Johnson said the 400 positions being eliminated in the restructuring represents less than 2 percent of the company’s 23,000-person workforce. […]
Amedica Secures $26 Million in Funding
SALT LAKE CITY, July 1, 2014 (GLOBE NEWSWIRE) — Amedica Corporation (Nasdaq:AMDA) a biomaterial company focused on using its Silicon Nitride technology platform to develop, manufacture and sell a broad range of medical devices, today announced that it has secured up to $26.0 million in additional funding consisting of a $20.0 million debt financing with […]
Zimmer Launches the Virage® OCT Spinal Fixation System
MINNEAPOLIS, June 30, 2014 /PRNewswire/ — Zimmer Spine, Inc., a global leader in spine innovation, today announced the U.S. market launch of the Virage OCT Spinal Fixation System, an Occipital-Cervico-Thoracic (OCT) spinal fixation system that will change surgeons’ perspective on posterior fixation.“This innovative posterior fixation system will enhance the experience of surgeons performing fusion procedures […]
AccuLIF® Expandable Lumbar Interbody Fusion Technology
The AccuLIF platform of expandable interbody devices, including AccuLIF TL and AccuLIF PL, further establishes our presence in the minimally invasive surgery market. Surgeon controlled hydraulic expansion mechanism that expands or contracts the device in-situ and is intended for use with supplemental spinal fixationLarge central cavity for autogenous bone graft spanning endplate to endplate helps […]
AeroSpine TLIF
Johnson & Johnson Plans to Develop 3-D Printed Reconstructive Implants
June, 2014 (healthpointcapital.com/Andrew Vahradian)–Last month, Johnson & Johnson (JNJ) announced that the company plans to file for more than 30 major product approvals within its Medical Device & Diagnostic (MD&D) unit by the end of 2016, in order to bolster the segment’s overall growth. Management expounded that in regards to its Orthopedics division, which operates […]
Choice Spine Launches Major System into Lucrative Pedicle Screw Spine Market
KNOXVILLE, Tenn.–(BUSINESS WIRE)–Choice Spine, a Knoxville, TN based spine manufacturer, announces the launch of its new Starfire Pedicle Screw System. Pedicle screw systems are a basic product component of any spine company. Having an effective system allows Choice Spine distributors to reach more spine surgeons who treat lumbar conditions. In the short run, this new […]
Titan Spine Receives Market Registration Approval in Australia and New Zealand for its Endoskeleton® Interbody Fusion Devices
MEQUON, Wis.–(BUSINESS WIRE)–Titan Spine, a medical device surface technology company focused on developing innovative spinal interbody fusion implants, today announced that it has received separate registration approval from both the Australian Therapeutic Goods Administration (TGA) and the New Zealand Medicines and Medical Devices Safety Authority (MEDSAFE) to commercially market its full line of Endoskeleton® interbody […]
Benvenue Medical secures $40M Series E to beef up manufacturing, U.S. commercialization
June 18, 2014–Spine tech startup Benvenue Medical has secured a $40 million Series E, plus $24 million in debt financing, to further commercialization efforts in the States, upscale manufacturing and support growth. The Santa Clara, Calif.-based company launched its Kiva VCF in March.Back then, CEO Robert Weigle said the company was “blessed to be fully […]
Does Covidien merger mean Smith & Nephew is off Medtronic’s list?
Yesterday’s announcement that Medtronic Inc. (NYSE: MDT) was merging with Covidien will most likely be the largest, but possibly not the last, acquisition the company makes this year. However, one move Medtronic probably isn’t going to make is the acquisition of one of its neighbors in Memphis. Read more »
Medtronic merger could bode well for Medtronic Spinal
Jun 16, 2014, (Memphis Business Journal/Michael Sheffield)–After Medtronic Inc. completes its $42.9 billion merger with Covidien, Medtronic Spinal, the company’s Memphis-based division, could see new technology and a share of $10 billion the company is planning to invest in its U.S. operations. Fernando Vivanco, senior director of corporate communications for Medtronic, said the details on […]
Medtronic, Covidien in advanced talks to combine -WSJ
The Journal said the deal, which could be announced on Monday, would be structured as a so-called tax inversion, according to one of the people.In such deals, acquirers buy companies based in Read more »
ulrich medical USA® Releases New Spinal Implant for U.S. Market: uCentum® Comprehensive Posterior System
ST. LOUIS, June 12, 2014 /PRNewswire/ — ulrich medical USA, Inc., today announced the U.S. market release of the uCentumComprehensive Posterior System for open and minimally invasive (MIS) surgical approaches which is intended to provide immobilization and stabilization of spinal segments as an adjunct to fusion of the thoracic, lumbar and sacral spine (T1-S2).“We are […]
Medtronic seeks to dismiss shareholder suits after panel finding
Medtronic Inc. will seek to dismiss shareholder lawsuits over its Infuse bone-growth product after a panel found the allegations were “without merit,” the medical-device maker said Tuesday. Shareholders accused Medtronic executives and directors of deliberately violating FoodRead more »
MEDICREA: French Surgeon Performs World’s First Spinal Fusion Surgery Using Customized 3-D Printed Spine Cages
NEW YORK–(BUSINESS WIRE)–The MEDICREA group (Paris:ALMED) (Alternext Paris: FR0004178572-ALMED), a company that specializes in the development of innovative surgical technologies for the treatment of complex spinal pathologies, today announced that a surgeon in Lyon, France has performed the world’s first spinal fusion surgery using customized spine cages created with a 3-D printer. MEDICREA has developed […]
Medtronic has parked $20.5 billion outside of U.S.
Medtronic Inc. is one of the nation’s biggest users of so-called tax havens, with more than $20.5 billion kept in offshore holdings, according to a new report.The Star Tribune reports on the study by Citizens for Tax Justice and U.S. Public Interest Research Group, an advocacy group that wants Read more »
New DePuy Synthes ADVANTAGE™ provides solutions
Thursday 5th June 2014–DePuy Synthes* has introduced DEPUY SYNTHES ADVANTAGE, a suite of provider-focused solutions that are focused on complementing the company’s extensive portfolio of clinically proven products with solutions that assist in driving optimal clinical and economic outcomes while striving to improve patient satisfaction. The company unveiled the package of solutions at the 15th […]
Medtronic another reported suitor for Smith & Nephew, but is it worth it?
June 6, 2014, —(Marketwatch) Bloomberg reported late Wednesday that Medtronic Inc. is eyeing the prospect of buying British-based Smith & Nephew in a merger of two medical device makers that would allow Medtronic to move overseas and lower its tax liability.Minneapolis-based Medtronic MDT +1.90% is the second company mentioned as a potential suitor for Smith […]
Medtronic Evaluating Takeover of Smith & Nephew
Medtronic Inc. (MDT), one of the world’s largest medical-device makers, is evaluating a takeover of London-based Smith & Nephew Plc (SN/) that could see the U.S. company move its tax domicile overseas, people familiar with the matter said.Smith & Nephew, with a market value of about 9.5 billion pounds ($15.9 billion), is aware of Medtronic’s […]
Spinal Kinetics Completes Financing and Initiates US FDA Clinical Trial of M6(R)-C
Spinal Kinetics, the designer and manufacturer of the innovative M6® Artificial Disc, today announced that it has completed a $34 million private financing. Current investors Scale VenturePartners, Lumira Capital, De Novo Ventures, SV Life Sciences and HLM Ventures led the financing. The funds will be used primarily to initiate an FDA-approved clinical trial of the […]
Should Johnson & Johnson Join the Buyout Boom?
Mergers and acquisitions have been all the rage in health care in 2014. Big pharma’s taken over the spotlight recently, but medical device giants have joined in the game recently, and now major orthopedics and spine device maker Smith & Nephew (NYSE: SNN ) may be in the crosshairs of some of the industry’s biggest […]
Should Johnson & Johnson Join the Buyout Boom?
Mergers and acquisitions have been all the rage in health care in 2014. Big pharma’s taken over the spotlight recently, but medical device giants have joined in the game recently, and now major orthopedics and spine device maker Smith & Nephew (NYSE: SNN ) may be in the crosshairs of some of the industry’s biggest […]
Should Stryker Buy Smith & Nephew?
Rumors earlier today that Stryker (NYSE: SYK ) was considering acquiring rival Smith & Nephew (NYSE: SNN ) were promptly shut down by Stryker management. The UK takeover laws now require a six month wait before Stryker could put in a bid for the company.But would such a deal make sense if it were to […]
Stryker denies Smith & Nephew bid
London – US medical devices manufacturer Stryker Corp has denied any intention of making a bid for UK rival Smith & Nephew, whose shares had spiked higher after a report that Stryker was planning a bid. “At the request of the UK Takeover Panel, Stryker confirms that it does not intend to make an offer […]
Stryker rules out near term bid for Smith & Nephew
Stryker ruled out making a near term bid for its UK rival Smith &Nephew after it emerged that the US medical device maker had been in the early stages of preparing an offer.Read more »