Device Companies — 7 Key Notes — Medtronic, NuVasive, Alphatec & More

Here are seven key notes on major spine and orthopedic device companies. San Diego-based NuVasive made several changes to its executive leadership, including promoting Quentin Blackford to executive vice president of finance and investor relations and appointing Mike Paolucci as executive vice president of global human resources.

Mazor Robotics appointed Michael Berman to the company's board of directors, bringing the board to a total of six members.

Venture capital firm Clarus Ventures will raise $375 million for its third fund, a life sciences venture fund.

Louisville, Ky.-based Cardinal Spine is $300,000 closer to its ultimate goal of raising $1.25 million for its spinal interbody fusion devices.

Medtronic, Boston Scientific and St. Jude Medical came under attack from cyber hackers in 2013. It's not clear what the hackers' intentions were.

The jury reached a verdict in a lawsuit involving OrthoTec and Surgiview, which was purchased by Alphatec Holdings in 2010, and found Surgiview responsible $47.9 million in monetary damages for transferring some assets for less than fair market value in 2006.

IlluminOss Medical's Photodynamic Bone Stabilization System is now available in Spain and Israel.