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 & […]
2013
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 […]
Paradigm Spine, LLC Announces that Its Coflex® Can Be Covered In The States Of Alabama, Georgia And Tennessee
NEW YORK, Jan. 7, 2013 /PRNewswire/ — Paradigm Spine, LLC, a provider of innovative spinal implant technologies, announces the favorable Medicare determination by Cahaba Government Benefit Administrators, LLC® (Cahaba GBA) for the Company’s landmark coflex® interlaminar technology in the states of Alabama, Georgia and Tennessee. Coflex®, a post-decompression and motion preserving interlaminar stabilization device, has […]
Can Spineguard Shake-up the $7 Billion Market with its safety oriented Technology?
SpineGuard, based in San Francisco and Paris, is addressing a major unmet need in spine surgery: the safe placement of pedicle screws for both patients and OR personnel. PediGuard®, its core technology, is the world’s first and only handheld device capable of alerting surgeons to potential pedicular or vertebral breaches during pedicle screw site preparation.By […]
Vertiflex®, Inc. Announces FDA Clearance of Two Key Additions to Technology Portfolio
SAN CLEMENTE, Calif. —VertiFlex®, Inc., a leading innovator of advanced minimally invasive spinal surgery technologies, today announced FDA 510(k) clearance of two new products to its portfolio: The Totalis™ Direct Decompression System and UniVise™ Spinous Process Fixation System.“These regulatory clearances represent important milestones for VertiFlex® as we rapidly expand our portfolio of innovative interspinous technologies,” […]
Orthofix International Announces the Launch of the CONSTRUX® Mini PEEK Titanium Composite™ (PTC) Spacer System
Orthofix International N.V., (NASDAQ:OFIX) (the Company) announced today the launch of the CONSTRUX® Mini PEEK Titanium Composite™ (PTC) Spacer System through its spine distribution network. This anterior cervical interbody system incorporates a unique technology that combines the benefits of PEEK’s imaging capabilities with the potential of bone ingrowth from porous titanium endplates.Dr. Scott Stanley, Medical […]
SpineFrontier Releases Invue Max: Anterior Cervical Plate
Beverly, Massachusetts (PRWEB) January 08, 2013SpineFrontier, Inc., a medical device company focused on developing less exposure surgery (LES) technologies, announced today that it has released it’s newly designed anterior cervical plate, Invue Max.The Invue Max Anterior Cervical Plate System, is the latest technology from SpineFrontier, Inc designed with one goal in mind: Fixation of the […]
DFINE Announces Exclusive Distribution Agreement with Biomet
SAN JOSE, Calif.–(BUSINESS WIRE)–DFINE, Inc., the developer of minimally invasive radiofrequency (RF) targeted therapies for the treatment of vertebral pathologies, today announced it has entered into an exclusive distribution agreement with Biomet, Inc. for its StabiliT® Vertebral Augmentation System in Spain and Portugal. The term of the distribution agreement will be for three years.“The agreement […]
Stryker Announces Appointment of Scott Bruder, MD, PhD to the Position of Vice President, Chief Medical and Scientific Officer
Kalamazoo, Michigan – (January 7, 2013) – Stryker Corporation (NYSE:SYK) announced that Scott P. Bruder, MD, PhD has joined the Company in the newly created position of Vice President, Chief Medical and Scientific Officer, reporting to Kevin A. Lobo, President and Chief Executive Officer. In this role, Dr. Bruder will oversee the clinical and scientific […]
Alphatec gains 510(k) clearance for cervical interbody device, fixation system
Alphatec Holdings Inc. was granted 510(k) market clearance from the FDA for the Pegasus and the Illico FS Facet Fixation System, according to a company news release.The Pegasus is an anchored, anterior cervical interbody device which offers single-step deployment of the anchoring blades without impaction. The Illico FS Facet Fixation System is a new minimally […]
Orthofix Concludes Bone Growth Stimulator Investigation
LEWISVILLE, Texas–(BUSINESS WIRE)–Orthofix International N.V., (OFIX) (the Company) announced today that it has resolved all matters related to the investigation of its bone growth stimulation business. Consistent with the agreement in principle that the Company previously announced in May 2011, the Company will pay approximately $43 million to resolve all civil and criminal matters, which […]