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NuVasive, Stryker, Wright Medical & more: 13 device company notes Featured

Written by  Anuja Vaidya | Friday, 03 November 2017 19:43
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Here are 13 key notes on orthopedic and spine device companies from the past week.

Alphatec Spine and Patrick Miles filed a complaint against NuVasive in the Superior Court of California, County of San Diego, citing unfair competition and breach of contract, among other issues.

 

Stryker reported net earnings increased in the third quarter, despite headwinds related to the recall of certain Sage products and a sales slowdown due to hurricane damage.

 

Stryker is partnering with the Australian government, two Australian universities and St. Vincent's Hospital Melbourne to support a $9.3 million 3-D printing implant project.

 

Xtant Medical plans to close one of its Ohio facilities and lay off more than 50 employees.

 

Zimmer Biomet reported a slight decrease in third quarter net sales, owing to slow sales in the United States.

 

K2M saw total revenue of $62.7 million, reflecting a 6 percent year-over-year increase in the third quarter of 2017.

 

SeaSpine recorded $31.7 million in revenue in the third quarter of 2017.

 

Wright Medical Group reported net sales from continuing operations reached $170.5 million in its third quarter financial results and updated 2017 annual guidance.

 

Wright Medical Group unveiled its GRAVITY SYNCHFIX Syndesmosis Fixation Device.


 
Wright Medical Group enrolled the first patient into the U.S.-based Infinity Total Ankle System follow-up study.

 

For the third quarter 2017, InVivo Therapeutics reported a $9.4 million net loss, up significantly from the $6.2 million net loss reported at the end of the third quarter last year.


 
ConforMIS' total revenue was $18.4 million in the third quarter of 2017, a decrease of 1.2 percent year-over-year.

 

Claris Healthcare unveiled Claris Reflex, a medical device and patient monitoring system for total knee replacement recovery.

 

More articles on devices:
Wright Medical enrolls 1st patient in U.S. Infinity Total Ankle System study: 5 points
InVivo cuts 39% of workforce, reports $9.4M net loss in Q3: 5 things to know
Global spine implants market to increase at 5.29% CAGR through 2020: 3 insights

Last modified on Friday, 03 November 2017 19:47
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