Here are seven things for spinal surgeons to know for July 17, 2014.
Johnson & Johnson's orthopedics line shows marginal 2nd quarter growth
Second quarter orthopedic sales reached $2.4 million, a 3.5 percent increase over the same period last year. International orthopedic sales were $1.1 million, a 5.8 percent increase over the same period last year. United States orthopedics sales reached $1.2 million, a 1.6 percent increase over the previous year.
Covidien shareholders sue to stop Medtronic acquisition
Medtronic announced plans to acquire Covidien for $42.9 billion earlier this month, which a proposed stockholder class action alleges breaches of fiduciary duty.
NuVasive executive vice president sells 3,200 more shares
The shares sold for $33.43 per share, bringing the total transaction to $106,976.00. Mr. Powers now directly owns 42,984 shares of the company valued at around $1.4 million.
Titan Spine receives FDA clearance for Endoskeleton TL system
The spinal fusion system utilizes a lateral approach and is the first lateral fusion device to feature surface technology that is designed to participate in the fusion process.
Dr. James Andrews will appear on a Topps baseball card this year
Dr. Andrews has treated several professional athletes throughout his lengthy career, including superstars such as Michael Jordan and Brett Favre. Among baseball players, he's known for performing ulnar collateral ligament repair — Tommy John surgeries.
Medicare payments for episodes of spine surgery vary
The study examined patients with spinal stenosis, spondylolisthesis and lumbar disc herniation. Hospitals in the highest quartile received $34,171 on average for an episode of care, compared with $15,997 for hospitals in the lowest quartile.
St. Jude Medical pays $200 million for NeuroTherm
St. Jude will add around $10 million to $15 million to the company's sales as a result of the acquisition. The deal isn't expected to close until the third quarter of this year. The final transaction is dependent on customary closing conditions.
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