Stryker, Medtronic, Zimmer & more — 16 key notes

Spinal Tech

Here are 16 key notes on spine and orthopedic device companies.

Bacterin signed a national distribution agreement with Spartan Medical, which is focused on distributing to government medical facilities.


 
Ceterix Orthopaedics published positive findings for two biomechanical studies for the proprietary NovoStitch suture passer for the meniscus repair.


 
Piper Jaffray began coverage of Integra LifeSciences shares, and set an "overweight" rating for the stock.


 
K2M reported a loss of 72,045 shares or 12 percent in the short interest.

 

LDR Director Stefan K. Widensohler sold 50,000 shares of the stock on the open market.

 

LDR CEO Christophe Lavigne also sold 38,400 shares of the company's stock.

 

Lumin Health, a privately-owned and operated healthcare enterprise based in Irving, Texas, hired two new executive leadership positions.


 
Medtronic shares have dropped 1.43 percent during the past week.


 
NuVasive CEO Alexis V. Lukianov sold 5,313 shares of the stock in a recent transaction.

 

Proxy Biomedical has developed Proxy Bio-XT, a proprietary, processing technology.

 

Smith & Nephew shares dropped 7.14 percent in the last week.

 

Stimwave Technologies announced the first U.S. patients have been successfully implanted with its Freedom Stimulator.

 

Stryker shares are down 4.94 percent over the past week.

 

However, Stryker reported a sharp increase in short interest shares — of 52,401 shares or 1.5 percent.

 

Zimmer is selling $7.65 billion of senior notes in connection with its pending merger with Biomet.

 

Zimmer shares have decreased by 3.36 percent during the past week.

More articles on devices:

Stryker short interest soars — 5 things to know
Orthofix short interest drops 1.7% — 6 things to know
54 spine, orthopedic devices receive FDA 510(k) clearances in February

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