AUDUBON, Pa.–(BUSINESS WIRE)– Algea Therapies, a division of Globus Medical Inc. (NYS: GMED) , committed to finding innovative, minimally invasive solutions that treat pain and restore quality of life, today announced the launch of the SHIELD™ Vertebral Compression Fracture (VCF) System, a next generation fracture management and vertebral augmentation platform for patients with vertebral compression […]
NEWS
Medtronic cuts 2,000 jobs worldwide
MINNEAPOLIS — Medical device maker Medtronic confirms it is eliminating 2,000 jobs worldwide, including 500 in Minnesota.About half of the jobs being eliminated are in the U.S.A Medtronic spokeswoman said about 65 percent of the job cuts have already occurred. The rest will be eliminated in the current fiscal year that ends next April.Most of […]
Titan Spine Announces New Appointments
MEQUON, Wis. — Titan Spine, a medical device surface technology company focused on developing innovative spinal interbody fusion implants, announced today that it has named two spine surgeons to its Key Opinion Leader Advisory Team, Dr. Kade T. Huntsman of Salt Lake City, Utah and Dr. Axel Reinhardt of Potsdam, Germany. The new members bring […]
Medtronic Spine reports flat 4th quarter revenue
May 21–Medical device maker Medtronic Spine on Tuesday reported revenue of $811 million for its fourth quarter, a 1 percent drop from the same period last year.Memphis-based Medtronic Spine is the second-largest division of Medtronic Inc., based in Minneapolis, which reported fourth-quarter revenue of $4.5 billion, a 4 percent gain, or 5 percent adjusting for […]
Cerapedics Appoints President and Chief Operating Officer
WESTMINSTER, Colo. –Cerapedics, Inc. announced today that its Board of Directors has appointed Glen A. Kashuba as the company’s new chief executive officer, effective June 1, 2013.Kashuba formerly served as worldwide president of Spine & Bone Healing Technologies, Inc., a Biomet company, while concurrently serving as senior vice president on Biomet’s worldwide operating board, encompassing […]
J&J Units Sued Over Spinal Implant Patent
Law360, New York (May 16, 2013, 1:30 PM ET) — Two of Johnson & Johnson’s DePuy Synthes units were hit Wednesday in Delaware federal court with allegations that they infringed Globus Medical Inc.’s patent covering a spinal implant.Globus sued DePuy Synthes Products LLC and DePuy Synthes Sales Inc., alleging their Zero-P VA intervertebral fusion implant […]
VESTAKEEP® PEEK-Based Spinal Implant Receives FDA 510(k) Approval
PARSIPPANY, N.J. — Xiphos™ ALIF, a VESTAKEEP® PEEK-based (polyetheretherketone) spinal implant developed by DiFusion Technologies, has received the U.S. Food and Drug Administration’s (FDA) 510(k) approval for use in Interbody Fusion Devices (IBF) devices.“DiFusion Technologies is very excited about the FDA 510(k) approval of the VESTAKEEP® PEEK-based Xiphos™ ALIF spinal implant,” said Derrick Johns, managing […]
Maxim Surgical achieves FDA clearance for new spinal implants
Maxim Surgical, a new designer and manufacturer of spinal implants, has received 510(k) clearance from the U.S. Food & Drug Administration (FDA) for its new MaxFuse-C™ cervical interbody fusion system made of Zeniva® polyetheretherketone (PEEK) rods from Solvay Specialty Polymers. Zeniva® PEEK – part of Solvay’s line of Solviva® Biomaterials – has a modulus very […]
Lanx Completes $15 Million Series C Equity Financing
BROOMFIELD, Colo., May 13, 2013 (GLOBE NEWSWIRE) — Lanx, Inc., a privately held global spine company focused on developing and commercializing innovative devices for fusion surgery, today announced the closing of a $15 million Series C equity financing.The financing round was led by new investor Credit Suisse Asset Management through its Customized Fund Investment Group […]
SpineVision® SA Raises $10m and Adds New Investors
ANTONY, France — Omega Funds, Alto Invest, Midi-Capital and a substantial private investor become SpineVision®’s new investment partners.SpineVision® SA, a commercial-stage medical device company that designs, develops and markets products for the surgical treatment of spine disorders, announced a $10 million capital raise from new and existing investors. The round was led by healthcare investment […]
Orthofix International Announces First Quarter 2013 Results
LEWISVILLE, Texas — Orthofix International N.V. (NASDAQ:OFIX) (the Company) today announced its results for the first quarter ended March 31, 2013. Net sales were $100.3 million, a 14% decrease over the first quarter of the prior year, or 13% on a constant currency basis.Net income from continuing operations was $4.9 million, or $0.25 per diluted […]
Globus Medical Launches New Product
AUDUBON, PA. — Globus Medical, Inc. (NYSE: GMED), a leading spinal implant manufacturer, today announced the launch of FORTIFY® I, an expandable corpectomy spacer with integrated screws for further stability in addition to supplemental fixation.“The FORTIFY® I integrated expandable corpectomy spacer and instrument system provides surgeons with an innovative device for trauma and tumor indications, […]
K2M Announces Executive Leadership Promotion
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 the promotion of Gianluca Iasci to the position of Executive Vice President, Global Sales, effective immediately. Mr. Iasci will continue to report to […]
Neville Alleyne, M.D., joins Aurora Spine’s Scientific Advisory Board
Carlsbad, CA- May 7th, 2013- Aurora Spine today announced the appointment Dr. Neville Alleyne to their Scientific Advisory Board (SAB). Dr. Alleyne is a certified orthopaedic surgeon and the Director of the Orthopaedic Spine Center at Tri-City Medical Center in Oceanside, CA. Dr. Alleyne’s practice is focused on treating a broad spectrum of spinal disorders, […]
X-spine Announces FDA Clearance of New Spinal Implant System
MIAMISBURG, Ohio–(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 Zygafix™ Facet Fusion System. The newly-cleared Zygafix™ system allows for fusion and stabilization of the facet joint (also termed the zygapophyseal joint) in eligible patients whom appropriate non-surgical treatment […]
Exactech Launches New Cervical System
GAINESVILLE, FLA. — Exactech, Inc. (Nasdaq: EXAC), which designs and manufactures bone and joint restoration products for hip, knee, shoulder, spine and biologic materials, said that its Exactech Spine division has received FDA clearance of its new Gibralt® Occipital Spine System, which includes occipital plates and 360⁰ articulating rods.With these additions, Exactech now provides spinal […]
NuVasive buys spine implant manufacturer ANC
SAN DIEGO (AP) — Medical device maker NuVasive Inc. said Monday it acquired ANC LLC, one of the key suppliers of its spinal implants, for $4.5 million.NuVasive said the companies have worked together since May 2010. NuVasive wants to handle more of its own manufacturing so it can improve its profitability. It said the acquisition […]
Will the INTERSPINOUS market grow in the U.S? Do you know the players?
Find All the Interspinous Devices in Europe and US in the NEW “INTERSPINOUS page” in www.thespinemarketgroup.com Growth in EuropeThe interspinous process decompression device procedures were the most commonly performed nonfusion surgery in Europe in the last years, accounting for nearly 40% of all spinal nonfusion procedures. Which were the main products used? How are the […]
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Wenzel Spine Announces Launch of VariLift-C®
AUSTIN, Texas–(BUSINESS WIRE)–Wenzel Spine, Inc., a medical device company focused on providing minimally invasive, stand-alone alternatives to traditional spinal fusion, today announced the launch of the VariLift-C® Stand-Alone Zero-Profile Expandable Cervical Interbody Fusion Device.In January 2013, Wenzel Spine received clearance from the Food and Drug Administration (FDA) to market VariLift-C® as an interbody fusion device […]
Medtronic to cut spine division jobs
Medtronic is eliminating 230 jobs in its Memphis, Tenn.-based division for devices used in spine surgeries.The Fridley-based medical device manufacturer employs about 8,000 in Minnesota, but the spine job cuts don’t including any workers here, said Cindy Resman, a Medtronic spokeswoman, on Thursday, May 2.Medtronic’s fiscal year ended in late April. When the company has […]
Medtronic Expands Spinal System
MEMPHIS, TENN. – April 29, 2013- Medtronic, Inc. (NYSE: MDT) the world leader in spinal technology announced today the U.S. launch of several new product line additions to the Vertex Select® Reconstruction System. The announcement was made at the 81st American Association of Neurological Surgeons (AANS) Annual Scientific Meeting in New Orleans.This compliment to the […]
VG Innovations, LLC Launches New Product
St. Petersburg, Florida (PRWEB) April 29, 2013,VG Innovations, LLC launched the new SiJoin, Posterior Sacroiliac Joint Fusion System. This innovative medical device company was founded in late 2007 and is focused on using its industry knowledge and creative thinking to develop and commercialize a broad range of advanced, high-performance and less invasive spinal implants. Tov […]
Integra LifeSciences Introduces New Spinal Fusion System
PLAINSBORO, N.J., April 30, 2013 (GLOBE NEWSWIRE) — Integra LifeSciences Holdings Corporation (Nasdaq:IART) today announced the full market release of its Hollywood(TM) VI intervertebral body fusion device (IBD) system. The Hollywood VI IBD is used primarily in transforaminal lumbar interbody fusion (TLIF), a surgical procedure designed to help alleviate pain and nerve compression by fusing […]
Are Robotics the Future of Surgical Medicine in U.S.?
Is there a robot in your operating room? The chances are good that there probably is.Robotic surgery first came on the market in 2000 when the U.S. Food and Drug Administration approved Intuitive Surgical’s da Vinci Surgical System for use in laparoscopic, or minimally invasive, procedures.That marked the first time a robotic surgery system was […]
Bacterin Announces Selection of Executive Search Firm
BELGRADE, Mont.–(BUSINESS WIRE)–Bacterin International Holdings, Inc. (NYSE MKT: BONE), a leader in the development of revolutionary bone graft material and coatings for medical applications, today announced the selection of O’Hara Associates, Inc. of Deerfield, Illinois to assist in the recruitment of a Chief Executive Officer.The recommendation to retain the firm was made by the Board’s […]
Stryker 1Q profit falls 13 percent on charges
KALAMAZOO, Mich. (AP) — Medical device maker Stryker Corp. said Tuesday its first-quarter profit fell 13 percent due to costs from a recall of hip implants and other regulatory issues.Despite the drop in profit, the company’s adjusted results beat Wall Street expectations.Stryker said net income fell 13.1 percent to $304 million, or 79 cents per […]