August 20, 2013, (INVESTOR’S BUSINESS DAILY)–Medical-device giant Medtronic (MDT) met analysts’ quarterly profit estimates and issued in-line guidance Tuesday, but sales came up short, sending shares down 2.4% to close at 52.83.Medtronic’s (MDT) earnings for the fiscal first quarter ended July 26 rose 4% over the year-earlier quarter to 88 cents a share, matching analysts’ consensus. […]
2013
Medtronic aims to help countries build healthcare systems
(Reuters) – Medtronic Inc (MDT.N) wants to sell more than medical devices in emerging markets. The company is looking to help countries such as China and India develop their healthcare systems and has targeted two areas where it can provide its expertise, disease management and hospital efficiency, Chief Executive Omar Ishrak said in an interview.Expansion in […]
BioRestorative Therapies is the Stem Cell Industry’s Best-Kept Secret
Aug. 16, 2013 /Smallcapnetwork/ — When an investor thinks of spinal-related stem cell stocks, usually a name like Neuralstem, Inc (NYSEMKT: CUR) or StemCells Inc (NASDAQ: STEM) comes to mind. And well they should. STEM has logged some amazing breakthroughs in the field of spinal cord repair, while CUR has done the same. Not all […]
RTI Surgical(TM) Celebrates First Human Implantation of map3(TM) Cellular Allogeneic Bone Graft
ALACHUA, Fla.–(BUSINESS WIRE)–August 12, 2013– RTI Surgical Inc. (RTI) (Nasdaq: RTIX), a global surgical implant company, is pleased to announce that the first human implantation of the company’s map3(TM) Cellular Allogeneic Bone Graft implant was completed last week.Dr. Franco E. Vigna, M.D., M.P.H., a board-certified orthopedic surgeon with Spine Surgery of Buffalo Niagara and a […]
NuVasive Gets New London Office to Work on Expanding European Market Share
Friday, August 16, 2013 (San Diego Business Journal)–San Diego-based NuVasive Inc., a maker of surgical products for the spine, is expanding and relocating its office in the United Kingdom.The company said in a statement that the new London office will allow it to better grow its market share across Northern Europe. The two-story, 7,500-square-foot building […]
Advanced CNC Machining Company Introduces Medical Community to Its State-of-the-Art Manufacturing Facility and Passionate Team
WARMINSTER, PA (PRWEB) August 01, 2013–After manufacturing CNC-machined equipment for various industries, MK Precision, a leading medical device contract manufacturer, discovered its talent for making flawless medical equipment with Swiss lathes, 5-axis mills and wire EDMs. Recently, the company released a detailed video about its in-house operations and dedication to excellence as CNC specialists.The MK […]
Ortho Kinematics Receives FDA 510(k) Clearance to expand into Cervical Spine
AUSTIN, Texas – August 15, 2013 — Ortho Kinematics‚ Inc. (OKI), a privately held healthcare diagnostic company focused on spine imaging informatics, announced receiving 510(k) clearance from the U.S. Food and Drug Administration to expand the VMA (Vertebral Motion Analysis) system beyond the lumbar spine, so that the system can be available for cervical spine […]
3D Printing Spinal Implants?
August 13, 2013 |A new era of orthopedic surgery is taking shape at Peking University. Armed with an Electron Beam Melting (EBM) 3D printer, doctors are able to create titanium implants that fit perfectly with a patient’s body.Over the course of the last four years, Dr. Liu Zhongjun has been using EBM 3D printing to […]
The US Spinal Implant Market Will Grow Modestly To Reach $6.6 Billion by 2021
TORONTO, Aug. 12, 2013 /PRNewswire/ — According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, spinal nonfusion volumes will grow rapidly over the forecast period due to an accumulation of positive clinical evidence and the emergence of new segments (including annulus repair, facet arthroplasty and nuclear disc prostheses) within this […]
RQMIS helps a Chinese based Orthopedic Company establish German Operations and gain EN/ISO13485: 2012 Certification
RQMIS helps a Chinese based Orthopedic Company establish German Operations and gain EN/ISO13485: 2012 Certification (Class I, IIa, IIb, and III Devices including implantable devices).The project timeline was, 6 months to establish and implement Quality System and 1st OEM vendor Contract and 2 months for audit and receipt of certification. Customer Objectives– Establish Company in […]
LDR Receives FDA Approval for the Mobi-C Cervical Disc for One-Level Use
AUSTIN, TEXAS — LDR, a privately held medical device company offering exclusive spinal implant technologies for both non-fusion and fusion applications, today announced that it has received a letter of approval from the U.S. Food and Drug Administration (FDA) allowing the commercial sale and distribution of the Mobi-C® Cervical Disc (Mobi-C), for one-level indications in […]
The Orthopaedic and Spine Institute Offers Robotic Surgery Techniques
San Antonio, TX (PRWEB) August 08, 2013–The Orthopaedic and Spine Institute (OSI) in San Antonio, Texas now welcomes modern, robotic surgery procedures with the Mazor Spine Robot to their orthopaedic practice. Co-Founder and President, Dr. Steven Cyr, has specifically been introduced to and proctored on robotic spine surgery techniques using the Mazor Spine Robot. Although […]
Vertebral Technologies, Inc. Crosses 3,000 Implant Milestone for InterFuse®
Minnetonka, MN (PRWEB) August 09, 2013–Vertebral Technologies, Inc. (VTI), an industry leader in innovative spinal fusion implants, announced today that more than 3,000 InterFuse® interbody fusion devices have been implanted, including the InterFuse S™ and the InterFuse T™. Both devices use the company’s revolutionary interlocking modular technology to implant a large ALIF-sized implant through a […]
Baxano Surgical reports $8.5M 2Q loss
RALEIGH, N.C.(wraltechwire.com) —Medical device company Baxano Surgical’s (NASDAQ: BAXS) net loss widened to $8.5 million in a second quarter that saw the completion of a merger that combined spinal products companies on both coasts.Raleigh-based TranS1 announced earlier this year it would acquire California-based Baxano in a stock deal valued at more than $23 million. TranS1 […]
Tornier Reports Second Quarter 2013 Results
AMSTERDAM, Aug 06, 2013 (GLOBE NEWSWIRE via COMTEX) — Tornier N.V. TRNX +22.53% , a global medical device company focused on providing surgical solutions to orthopaedic extremities specialists, reported today its financial results for the second quarter ended June 30, 2013.Revenue for the second quarter of 2013 reached $78.1 million compared to second quarter 2012 revenue […]
Stryker Interventional Spine Launches Two New Products
KALAMAZOO, Mich., Aug. 7, 2013 /PRNewswire/ — Stryker Interventional Spine announced the clearance of 510(k)s for two additional products to its portfolio. Venom RF Cannula and Venom Electrode are designed to provide an effective and minimally invasive treatment for facet joint pain. The launch of the 11g iVAS Balloon System, one of the least invasive […]
Alphatec Spine Announces Second Quarter 2013 Revenue and Financial Results
CARLSBAD, Calif., Aug. 6, 2013 (GLOBE NEWSWIRE) — Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., announced today financial results for the second quarter of fiscal year 2013, ended June 30, 2013.“Our second quarter 2013 results reflect another strong revenue quarter for Alphatec Spine. With the first six months of 2013 completed […]
How hip implant ‘cartel’ helps Northern Indiana
August 05, 2013,(chicagobusiness.com)–The New York Times this weekend published a long feature on medical tourismthat is both a cautionary tale on medical spending as well as a demonstration of the huge economic impact that medical manufacturers can have in the towns they’re based — including one in Indiana.The Northern Indiana town of Warsaw (pop. 14,000) is […]
J&J pleased to have Chinese court dispute over
BEIJING (AP) — Health care giant Johnson and Johnson says it is pleased to put a legal dispute behind it after a Chinese court ordered it to pay compensation to a former distributor under an anti-monopoly law.Thursday’s ruling said Johnson & Johnson was guilty of “vertical monopoly” for setting minimum prices its distributors charged for […]
Medtronic notifies patients of lost documents
Aug 1,2013 (Pioneerpress.com)–Medtronic has notified more than 2,500 patients about a potential privacy breach involving health information that’s protected by federal law.As a precaution, the Fridley-based medical device company sent letters to patients in early July about the situation and also arranged for patients to receive identity protection services, said Cindy Resman, a Medtronic spokeswoman, […]
Globus Medical Reports 2013 Second Quarter Results
AUDUBON, Pa.–(BUSINESS WIRE)–Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal implant manufacturer, today announced its financial results for the quarter ended June 30, 2013.David Paul, Chairman and CEO commented, “We are very pleased with our performance this quarter and for the first half of 2013. Our revenue growth and profitability margins remain at industry leading levels, […]
Italy’s Sintea Plustek Launches New Spinal Implant
ALPHARETTA, Ga. – Sintea Plustek S.r.l., based in Milan, Italy, a leading supplier of minimally invasive spinal implants and delivery systems, has launched the new DOMINO cervical fusion cage implant made of Zeniva® polyetheretherketone (PEEK) resin from Solvay Specialty Polymers. The fusion cage implant – available in Italy and throughout Europe – has earned the […]
Emergent and DiFusion Form Strategic Partnership to Take CleanFuze™ Antimicrobial Implants to Market
Austin, TX (PRWEB) July 31, 2013–Emergent Technologies, Inc., a leading innovation solutions company, and DiFusion Technologies, Inc., a pioneering orthobiologics company, announced today a strategic partnership in which Emergent will assist DiFusion in the launch of its proprietary suite of CleanFuze antimicrobial orthobiologic implants.CleanFuze implants use DiFusion’s core technology, a novel biomaterial that resists infection […]
Conmed Corporation Adds Two New Board Members
UTICA, NY–(Marketwired – Jul 30, 2013) – Conmed Corporation (NASDAQ: CNMD) today announced the appointment of two new members to its Board of Directors. With these additions the Board membership increases from seven to nine Directors.“I am very pleased to have Brian Concannon and Dirk Kuyper become members of our Board,” commented Mr. Joseph Corasanti, […]
Company develops device to help surgeons determine spine surgery success
July 30, 2013,Legal News Reporter–According to statistics from the American Chiropractic Association, 31 million Americans experience low-back pain at some point or another. When the pain becomes severe and chronic many people look to surgery to solve their problems. The trouble is, it does not always work.In fact during the 2011 P&M Corporate Finance Spine […]
For doctors and med firms, a new era of disclosure
WASHINGTON ,July 28, 2013 (Star Tribune)– The nation’s medical device makers and drug companies will begin collecting this week what is expected to become a massive stockpile of data on their financial relationships with doctors, researchers and teaching hospitals.A new federal disclosure law mandates that an array of pharmaceutical and medical manufacturers report payments to physicians, […]
TheSPINEMarketGroup 4th Anniversary
Thank you very much to all the visitors of TheSPINEMarketGroup.com since July 2009!!Our objective has been to help you in your work providing information about the spinal market. We have published more tan 1.200 posts with the most relevant spinal news and also, in the last years we have incorporated information about the different companies, […]