(January 2016 Medical Device Business )- Economic pressures on the health system have been mounting for years, pushed by demographics, shrinking reimbursements, increasingly expensive therapies, and, ultimately, payer consolidation and reforms. Hospitals are the fulcrum and the pinch point for these pressures. Medtech companies no longer can afford to focus on clinical benefits without seeking other avenues […]
2016
Spine Market Overview: Which are the Spinal Companies?
We have updated the list of the most important Spinal Companies. Please visit: www.spinemarketnews.com/companies According to MarketsandMarkets, the Spinal market is expected to reach USD 15.73 Billion by 2020, growing at a CAGR of 5.6% from 2015 to 2020. Medtronic, plc (U.S.), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), […]
K2M Receives CE Mark for Its Next-Generation RHINE(TM) Cervical Disc System
LEESBURG, Va., Jan. 21, 2016 (GLOBE NEWSWIRE) — K2M Group Holdings, Inc. (Nasdaq:KTWO), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine technologies and techniques, today announced it has received a CE Mark for the RHINE™ Cervical Disc System, allowing for sale and distribution of the product within […]
LDR Holding Partners With Poly-Shape to Build Innovative Spinal Implants With Additive Manufacturing Technology
AUSTIN, Texas, Jan. 21, 2016 (GLOBE NEWSWIRE) — LDR Holding Corporation (Nasdaq:LDRH), a global medical device company focused on designing and commercializing novel and proprietary surgical technologies for the treatment of patients suffering from spine disorders, today announced that, through its wholly-owned subsidiary LDR Médical, SAS, it has made a minority investment in Poly-Shape, SAS, […]
SpineFrontier, Inc. Announces Newest Member to Join its Board of Directors
BOSTON, MA (PRWEB) JANUARY 21, 2016=SpineFrontier (http://www.spinefrontier.com) announced today that Jerry Goldstein, Founder and former CEO of Advanced Magnetics (AMAG), has joined the SpineFrontier Board of Directors. Jerry is a pioneer in the MRI industry. He started AMAG in 1981 and took the company public in 1986. AMAG is best known for its MR imaging […]
Centinel Spine™ Announces the FDA Clearance and First Implantation of ALTOS™
NEW YORK, Jan. 21, 2016 /PRNewswire/ — Centinel Spine, Inc., (Centinel Spine) announces the U.S. Food and Drug Administration (FDA) clearance of ALTOS™, a posterior cervical thoracic stabilization system indicated for use in either the lateral masses of the cervical spine or the pedicles of the cervical-thoracic spine. The first surgical implantation of the ALTOS […]
Orthopedic Innovator OsteoVantage, Inc. Awarded SBIR Grant by National Science Foundation
Fayetteville, Arkansas (PRWEB) JANUARY 20, 2016-OsteoVantage, Inc. has recently been awarded a Small Business Innovation and Research (SBIR) Phase I grant by the National Science Foundation. The $150,000 grant, awarded January 10, 2016, supports the development of enhancements to the company’s INDOS™ system of spinal instrumentation. The INDOS™ system simultaneously facilitates both mechanical stabilization of […]
Globus Medical Announces Litigation Settlement Agreement
AUDUBON, Pa., Jan. 19, 2016 (GLOBE NEWSWIRE) — Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal implant manufacturer, today announced DePuy Synthes Products, Inc., DePuy Synthes Sales, Inc. and Globus Medical, Inc. have settled four patent infringement lawsuits concerning spinal implant technologies. The terms of the settlement have not been disclosed but were to the parties’ […]
SI-BONE, Inc. Announces European Expansion with Formation of SI-BONE UK Ltd and Key Additions to Management Team
SAN JOSE, Calif., Jan. 20, 2016 /PRNewswire/ — SI-BONE, Inc., a medical device company that pioneered the use of the iFuse Implant System®, a minimally invasive surgical (MIS) device indicated for fusion for certain disorders of the sacroiliac (SI) joint, announced the expansion of its European operations with the formation of SI-BONE UK Ltd, along […]
VGI Medical Announces FDA Clearance of the VerteLP® Lateral Lumbar Cage System
SAINT PETERSBURG, FLORIDA (PRWEB) JANUARY 19, 2016–VGI Medical, LLC, a privately held medical device company offering innovative spinal implants, announced that it has received 510(k) clearance from the United States Food and Drug Administration to market the VerteLP Lateral Lumber Cage System. VerteLP represents the latest of lateral lumbar fusion, featuring enhanced bi-cortical plating technology […]
GS Medical USA Experiences Growth, Expansion and New Product Development in 2015
IRVINE, Calif., Jan. 19, 2016 /PRNewswire/ — GS Medical USA, LLC, (GSM) worldwide leader in the development and manufacturing of medical devices for the care of spine pathologies, announced today that 2015 represented a landmark shift in both the leadership and direction of the company. James Shin, CEO of GS America summarized, “2015 was a […]
Medtronic Launches OsteoCool System for Spinal Metastasis
In an attempt to expand its product portfolio that addresses pain therapeutic solutions, Medtronic plc MDT recently launched its OsteoCool radiofrequency (RF) Ablation System in the U.S. market, subsequent to the receipt of the FDA 510(k) approval for the same. The OsteoCool System is designed to treat cancer patients suffering from painful spinal metastasis. Incidentally, the OsteoCool […]
Spine Surgery: A Tale of Greed and Corruption
All too often, where there’s substantial money to be made, greed and corruption inevitably follow. Such appears to be the case in the world of spine surgery, with the Department of Justice recently releasing the latest details regarding “Operation Spinal Cap,” an ongoing federal investigation into an alleged series of kickback schemes that generated an estimated […]
MEDICREA: 2015 Annual Sales
LYON, France & NEW YORK–(BUSINESS WIRE)–Regulatory News: The MEDICREA group (Paris:ALMED) (Alternext Paris: FR0004178572 – ALMED, PEA-PME eligible), which specializes in the development and manufacturing of innovative surgical technologies for the treatment of spinal pathologies, announces its 2015 annual sales.Variations in foreign currency rates had a positive impact of 10% on 2015 annual sales. 2015 annual […]
SpineGuard reports 2015 revenue growth of 43% to €6.3 M
PARIS and SAN FRANCISCO, Jan. 14, 2016 – SpineGuard (FR0011464452 – ALSGD), an innovative company that develops and markets disposable medical devices designed to make spine surgery safer, reported today that its consolidated full-year 2015 revenue grew by 43%, to €6.3 million. Pierre Jérôme, CEO and co-founder of SpineGuard, said: “We closed 2015 with another […]
DeGen Medical Launches Hyper-C(TM) Anterior Cervical Plate System
FLORENCE, S.C., Jan. 12, 2016 (GLOBE NEWSWIRE) — DeGen Medical announced the launch of its cervical spine implant, Hyper-C™ Anterior Cervical Plate System. The Hyper-C™ system is an anterior intervertebral fixation device that is designed to aid in stabilizing the cervical spine. The first anterior cervical fusion with Hyper-C™ implants was performed by Dr. Daniel […]
Vertera Spine Founder Named to Forbes “30 Under 30” List
ATLANTA, Jan. 12, 2016 /PRNewswire/ — Vertera Spine, a company focused on developing medical devices with advanced functional surface technologies for spine applications, announced today that one of its founding members, Allen Chang, was named to the Forbes 2016 “30 Under 30” list in the Manufacturing and Industry sector. The list, now in its fifth […]
In’Tech Medical Celebrates Year of Growth; Leading Edge Initiatives in Fiscal Year 2015
MEMPHIS, TN (PRWEB) JANUARY 12, 2016=In’Tech Medical SAS (http://www.intech-medical.com), a world leader in Contract Manufacturing of surgical instruments in Orthopedics, is pleased to announce exceptional growth and results in fiscal year 2015. In addition to another year of revenue growth and $4 million in capital investment, the company celebrated several key milestones in 2015, including […]
Thank you very much to NORM as PLATINUM Sponsor 2016 to SPINEMarketNews
Thank you very much to NORM for their PLATINUM sponsorship 2016 to SPINEMarketNews.com. NORM Tıbbi Ürünler İth. İhr. San. Ve Tic. Ltd. Şti. has been established by Adem UYANIK in 2006 where headquaters are located in Ankara with a branch located in Istanbul. Adem UYANIK, who has undertaken activities in medical sector in 1990 established MEDIKON […]
Intrepid Orthopedics Signs 1ST Licensing Deal For B-DRIVETM Screw Drive System
Richfield, Ohio, January 11, 2016 – Intrepid Orthopedics, a product development company, has signed its first licensing agreement with a major spinal implant company for its proprietary B-DriveTM Self-Retaining Screw Drive System. When fully licensed, B-Drive is expected to generate $5-$10 million during the lifetime of the patent. Lee Strnad, President of Intrepid Orthopedics, is […]
K2M Group finds market hard to please
(www.proactiveinvestors.com). According to Proactive Investors.com, Medtech firm K2M Group found the market hard to please as it released fourth quarter results.The company said it expects underlying adjusted earnings (EBITDA) for the whole of 2015 will be within the range of previously stipulated guidance. Full-year revenue is tipped to be between US$216.0mln and US$216.3mln, up some 16% year-on-year, […]
K2M Group Holdings, Inc. Reports Preliminary Fourth Quarter and Full Year 2015 Financial Results With 17% Annual Growth
LEESBURG, Va., Jan. 11, 2016 (GLOBE NEWSWIRE) — K2M Group Holdings, Inc. (Nasdaq:KTWO) (the “Company” or “K2M”), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine and minimally invasive technologies and techniques, today reported preliminary financial results for the fourth quarter and full year ended December 31, 2015. […]
SeaSpine Announces Fourth Quarter and Full-Year 2015 Preliminary Results and Issues 2016 Guidance
CARLSBAD, Calif., Jan. 11, 2016 (GLOBE NEWSWIRE) — SeaSpine Holdings Corporation (NASDAQ:SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced today preliminary unaudited financial results for the fourth quarter and year ended December 31, 2015 and issued guidance for 2016. Preliminary and unaudited revenue for the fourth […]
SpineGuard secures €7.7M debt financing with Bpifrance and IPF Partners
PARIS & SAN FRANCISCO–(BUSINESS WIRE)–SpineGuard (FR0011464452 – ALSGD), an innovative company that designs, develops and markets disposable medical devices designed to make spine surgery safe and easier, announced today that it has secured a total €7.7M debt financing through an Innovation Loan of €1.5M with Bpifrance and the issuance of four tranches of bonds totaling […]
K2M Expands Minimally Invasive Spine Portfolio With Addition of Its CASCADIA™ Lateral Interbody System Featuring Lamellar Titanium Technology™
LEESBURG, Va., Jan. 08, 2016 (GLOBE NEWSWIRE) — K2M Group Holdings, Inc. (Nasdaq:KTWO), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine technologies, techniques and minimally invasive procedures, today announced it has recently received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market theCASCADIA™ Lateral […]
VEXIM Exceeds the Threshold Of 25,000 SpineJack® Implants Sold
VEXIM (Paris:ALVXM) (FR0011072602 ‐ ALVXM / PEA-PME eligible), a medical device company specializing in spine trauma, today announced that it has reached the key milestone of 25,000 SpineJack® units sold since the market launch of the implant in 2011. This symbolic 25,000 mark in the sales of SpineJack® implants officially occurred in the last quarter of 2015. […]
Benvenue Medical Secures $60 Million Financing
SANTA CLARA, Calif.–(BUSINESS WIRE)–Benvenue Medical, Inc., a developer of minimally invasive solutions for spine repair, announced it completed a $60 million round of financing. The spine company intends to use the proceeds to accelerate U.S. commercialization activities for its two innovative minimally invasive products – the Luna® 3D Interbody Fusion System for treating degenerative disc […]