Medtronic, LDR, Baxano Surgical & more — 6 key notes

Spinal Tech

 

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

Aesculap Implant Systems made the S4 Element MIS System available for posterior lumbar pedicle screw fixation systems for endoscope technology to gain direct visualization.

 

Frost & Sullivan recognized spine device company Baxano Surgical with the 2014 Product Line Strategy Leadership award for its minimally invasive products.

 

LDR COO James Burrows sold 19,258 shares on the open market last Friday in a $512,070.22 transaction.

 

Medtronic reported slight fiscal year 2015 first quarter revenue growth over the same period last year, with 6 percent revenue growth in the United States, on the heels of the company's announcement to acquire Covidien in June.

 

Last week, Orthofix delayed releasing second quarter financial reports until they are able to adjust issues with their calculations. The company said it would restate the prior period's financial statements for the 2011, 2012 and 2013 fiscal statements as well as the first quarter ending in March, 2014.


 
Smith & Nephew announced a new sales model, called Syncera, geared toward hospitals to lower prices on hip and knee implants.

More articles on devices:

Orthofix outlines updates for past financial reports
5 reasons why the Medtronic-Covidien acquisition is good for the U.S. economy
Analysis: FDA is granting premarket approvals twice as quickly as last year

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