K2M, Zimmer, Amedica & more — 26 key notes

Spinal Tech

Here are 26 key notes on spine and orthopedic device companies.

Amedica submitted a 510(k) application to the FDA for composite spinal interbody spacers with a porous silicon nitride center.

 

Amedica also engaged PCG Advisory as their agency of record for capital markets advisory services, strategic and tactical digital and social media communications.

 

Aurora Spine announced the first surgical implant of its ZIP ULTRA minimally invasive interspinous device in Switzerland was a success.

 

AxoGen closed their common stock public offering — the company had 4.728 million shares in the underwritten public offering and the share price was $2.75 per share.


 
Biomet co-founder Dane Miller, PhD, passed away.

 

Biomet announced regulatory clearance and the first clinical use of OsseoTi Porous Technology for total hip arthroplasty.

 

Bioventus raised $12,082 for the Nevada Victims of Crime program that will go toward helping victims of violent crimes pay for any resulting medical expenses.

 

DePuy Synthes acquired Olive Medical Corporation.


 
K2M closed its sale of common stock on Feb. 12 — it sold 906,748 shares.


 
Also, K2M CFO Gregory S. Cole sold more than 40,267 shares on Friday, Feb. 6.

 

LDR shares are up 10.3 percent over the past week.

 

LDR also reported a rise of 64,902 shares or 5.8 percent in the short interest.

 

Mazor Robotics received an average broker rating of 1.5 — "buy" — from six analysts.


 
Medtronic's board of directors approved a cash dividend of $0.305 per ordinary share.

 

The newly-dubbed Medtronic PLC agreed to pay $2.8 million to the United States Justice Department to settle the false claims case alleging illegal payments to physicians.


 
Mesoblast received a key patent from the United States Patent and Trademark Office for the proprietary Mesenchymal Precursor Cell technology for treating patients with degenerated intervertebral discs.

 

NuVasive insider Matthew Link sold more than 4,000 shares of the company's stock.

 

NuVasive shares appreciated by 0.89 percent over the last week.

 

Also, the short interest in NuVasive shot up by 13.6 percent or 304,846 shares.


 
OrthoWorx's Board of Directors committed $475,000 to fund a series of major initiatives in northern Indiana focused on several important topics, including workforce development and student retention.


 
RTI Surgical reported increased revenue for the fourth quarter of 2014 as well as the full year of 2014.

 

Stryker announced a quarterly dividend of $0.345 per share to be paid to shareholders of record on April 30.

 

Shares of Stryker appreciated by 1.82 percent during the past week, but lost 2 percent on a four-week basis.

 

Wright Medical Group intends to commence an offering of $400 million aggregate principal amount of cash convertible senior notes due 2020.

 

Zimmer proposed a revised remedy package to the European Commission after the EC expressed concerns with Zimmer's initial proposed acquisition of Biomet.

 

Also, Argus upped Zimmer's stock price target nearly $20.

More articles on devices:

Medtronic quarterly dividend up 9% — 5 things to know
K2M closes common stock sale — 5 key updates
11 key trends in the PRP market

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