Stryker, Globus Medical, Zimmer Biomet & more: 15 key notes

Spinal Tech

Here are 15 key notes on orthopedic and spine device companies over the past week.

Globus Medical will acquire Carlsbad, Calif.-based Alphatec Holdings' international device business.

 

Stryker reported overall 16.8 percent net sales growth in the second quarter of 2016 to $2.8 billion.

 

Zimmer Biomet reported second quarter sales increased 65 percent over the same period last year, but the net loss for the quarter was also increased.

 

NuVasive reported financial results for the second quarter of 2016, and its total revenue totaled $236.2 million up 16.4 percent from $202.9 million during the same period last year.

 

DJO Global's net sales increased by 4.6 percent to $292.9 million for the second quarter of 2016, ending July 1.

 

Zimmer Biomet further embraced value-based care yesterday when the company launched a suite of clinical services and technologies, called Signature Solutions, to assist hospitals and medical practices in making the transition.

 

Intellirod Spine has secured more than $1 million in additional equity financing from new and existing investors.

 

Medtronic launched VariLoc Locking Compression Plate System in China, as well as a few other countries.

 

The FDA cleared 4WEB Medical's Lateral Spine Truss System.

 

Orthofix received regulatory approval from the Japanese Ministry of Health, Labor and Welfare for its the PHOENIX Minimally Invasive Spinal Fixation System.

 

Ortho Kinematics launched VMA-Align, a new diagnostic module.

 

The first cases using Smith & Nephew's NAVIO Surgical System to implant the JOURNEY II BCS and CR total knee systems have been completed.

 

Ketchum, Idaho-based St. Luke's Wood River Medical Center is the first in the state to offer robotic-guided spine surgery using the Mazor Robotics' Renaissance system.

 

Cohera Medical, a developer of absorbable surgical adhesives and sealants, named Paul Thomas, MBA, to its board of directors.

 

Headquartered in Germany, curasan named oral surgeon Gregor Thomas, PhD, medical director.

 

 

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