1. Smith & Nephew to move some production to China

Written by Laura Dyrda | Thursday, 31 July 2014 14:06
Smith & Nephew announced 140 jobs currently in the United Kingdom will be cut when the company moves some of its production to China, according to an iTV report.

2. K2M's new spine system launches, clearances: 3 updates

Written by Laura Dyrda | Thursday, 31 July 2014 14:04
Spine device company K2M received FDA clearance for the CASPIAN Occipital Anchor recently, and company leaders have plans for additional global growth in the future.
  MedStar Union Memorial Hospital in Baltimore, part of MedStar Orthopaedics, is the first hospital in the United States to offer procedures with the Rotation Medical Rotator Cuff System.
As taxes on medical device and drug companies continue to increase, many are finding loopholes to avoid paying. President Barack Obama recently had choice words for these companies, which now include orthopedic and spine market giant Medtronic.
The global orthopedic trauma fixation devices market is expected to grow to $9.3 billion by 2020, according to a Transparency Market Research report.
Nextremity Solutions, a Warsaw, Ind.-based orthopedic device company focused on small bone implants, was recognized as on of the "2014 Indiana Companies to Watch."
K2M reported a short interest increase during July, according to a Mideast Times report.
NuVasive reported total revenue in the second quarter of 2014 increased 15.1 percent to $190.7 million, making it the third-largest company in the global spine market.

9. Global medical robots market to reach $3.7B by 2018

Written by Anuja Vaidya | Tuesday, 29 July 2014 12:05
The global medical robots market is expected to reach $3.7 billion by 2018, according to a MarketsandMarkets report.
Intellijoint Surgical has obtained clearance from the U.S. Food and Drug Administration for its flagship product — Intellijoint HIP.
Medtronic completed its acquisition of Visualase, a Houston-based company that markets and develops an MRI-guided laser and image guided system for minimally invasive neurosurgeries.
Exactech reported a 6 percent increase in second quarter revenue, which reached $63.9 million.
The FDA granted Medtronic approval for the Prestige LP Cervical Disc System to treat single-level cervical disc disease.

14. Smith & Nephew CEO: mega-merger unlikely

Written by Laura Dyrda | Tuesday, 29 July 2014 09:03
Smith & Nephew CEO Olivier Bohuon is now publicly allaying rumors the company may consider a merger or sale to another medtech giant in the near future, according to a report from The Telegraph.
Robert Masson, MD, a spine surgeon and founder of NeuroSpine Institute of Orlando performed the first cervical spine surgery in the world using the Mitaka USA Kestrel View.
RTI Surgical reported $66 million revenue for the second quarter of 2014, an increase over the same period last year when revenue reached $42.3 million.
Mainstay Medical has received authorization from the Medicines and Healthcare Products Regulatory Agency and the Central Ethics Committee to expand the clinical trial of ReActiv8 to include clinical trial sites in the United Kingdom.
Mesoblast, a company focused on regenerative medicine, plans to launch its first stem cell therapy product in Japan next year and then the United States in 2016, according to a report from The Australian.
The Food and Drug Administration cleared 35 orthopedic and spine devices in June.

20. DJO Global net sales up 6.5% in 2Q

Written by Laura Dyrda | Friday, 25 July 2014 13:35
  DJO Global reported second quarter net sales were up 6.5 percent over the same period last year.
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