LDR, Wright Medical, NuVasive & more — 15 key notes

Written by Anuja Vaidya | November 07, 2014 | Print  |

 

Here are 15 key notes on spine and orthopedic device companies.

Alphatec Spine reported a slight increase, 2 percent, in consolidated net revenue and United States net revenue during the third quarter financial report.

 

Avitus Orthopaedics recently raised more than $1 million in capital to continue commercialization and company growth.

 

Salt Lake City-based Amedica filed a registration statement on Form S-1 related to a proposed public offering of its securities.

 

Medical device company Biotronik paid $4.9 million and settled surgeon-focused kickback False Claims Act lawsuit.

 

Dio Medical recently contracted with HealthTrust Purchasing Group, a group purchasing organization.

 

Amherst, N.Y.-based Excelsior Orthopaedics named Andrew Stoeckl, MD, president of its board of directors.

 

Mulhouse, France-based FH Orthopedics developed the CP-ESP, an elastic spine prosthesis for cervical applications.

 

Howmedica Osteonics, a Stryker subsidiary, reached a more than $1.4 billion settlement agreement to compensate eligible patients in the United States who underwent hip surgery replacement using the Rejuvenate Modular-Neck hip stem and/or ABG II Modular-Neck hip stem.

 

Integra LifeSciences plans to spin-off its spine business and create a standalone public company.

 

LDR had huge increases in United States revenue, as well as global revenue, for the third quarter of 2014 — total revenue was up 32 percent year-over-year, reaching $35.9 million for the quarter.

 

NuVasive announced third quarter financial results and increased full year guidance — revenue increased 12.3 percent to $189.9 million for the quarter.

 

Symmetry Medical is mailing the definitive proxy statement and prospectus regarding the agreement to sell its OEM solutions business and transfer shareholder ownership to the new company, Symmetry Surgical.

 

Wright Medical Group reported sales increase in the third quarter — net sales totaled $71.3 million, up 24 percent over the same period last year.

 

The company merged with Tornier, a $3.3 billion move.

 

Zimmer announced a new leadership team and organizational structure that will go into effect when their merger with Biomet is final.

More articles on devices:

24 spine devices receive FDA 510(k) clearance in October
Centinel Spine to launch Ti-ACTIVE titanium coating
SI-BONE to host SI joint disorder symposium at NASS meeting


 

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