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London-based Smith & Nephew will acquire Adler Mediequip Private Limited, including the assets and brands of Sushrut Surgicals Private Limited.
Thursday, 02 May 2013 11:52

NuVasive Gross Profits Up 4.9% in Q1

San Diego, Calif.-based NuVasive reported increased gross profits for the 2013 first quarter at $120.4 million, up 4.9 percent from the same period last year.
Here are 20 recent news updates for orthopedic and spine device companies.
Dayton, Ohio-based NovoSource received FDA clearance for its NovoKnee total knee replacement system, according to the Dayton Business Journal.
SpineCraft has recently moved its office location to Westmont, Ill., and has since been expanding its team. The company has also signed a distribution agreement with Zimmer for the APEX Spine System, which will allow the company access to key U.S., Canadian, New Zealander and Australian markets.
InstrumentsStryker reported 1.3 percent net sales growth in the first quarter of 2013, but net earnings decreased 13.1 percent when compared with the first quarter of 2012.
ToolsRTI Biologics reported an 8 percent drop in first quarter revenue for 2013 when compared with 2012, due to weakness in the sports medicine, bone graft substitutes and the general orthopedic businesses.
Instruments Spine Frontier, based in Beverly, Mass., has launched a less invasive pedicle screw system, its PedFUSE Remind Pedicle Screw System. The system is designed for midline lumbar surgery.
Israel-based NLT Spine was selected as a top 100 award winner on Red Herring's European list.
The OrthoTec Conference and Exhibition in Warsaw, Ind., this June will feature two training sessions for orthopedic device manufacturers to learn better processes for risk management and materials selection.
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