Alphatec Spine Loses $14.5M in Q3 After PurGen Device Discontinuation

Written by Heather Linder | November 08, 2013 | Print  |

Alphatec Spine reported a $14.5 million loss in the third quarter, a 487 percent increase from the $2.5 million loss during the same period last year.

The company's operating loss increased by $11.2 million compared to 2012. The loss corresponds with the company's decision to discontinue the PurGen Osteoprogenitor Cell Allograft from its product portfolio after a significant investment in clinical trials.

Gross profit dropped 18 percent to $24.2 million, though its revenue increased 7 percent to $50 million.

More Articles on Devices:

DMP Spine Biologics to Distribute Bacterin Bone Graft Products in Europe
LDR Holdings Reports $8M Q3 Net Loss
MAKO Surgical Suffers $21.3M Net Loss in Q3, Decreased RIO Sales

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies here.

Top 40 Articles from the Past 6 Months