Here are five recent news updates to know on Stryker:
1. Stryker acquired Israel-based tech company OrthoSpace, which focuses on treatment of irreparable rotator cuff tears.
2. Stryker reported 8.5 percent net sales growth in the first quarter of 2019. Net sales hit $3.5 billion for the quarter, and orthopedics net sales were up 2.8 percent to $1.3 billion. Organic net sales were up 5 percent, including the 7.1 percent increase in unit volume.
3. The company introduced its SpineMap Go software for intraoperative image guidance during spinal surgery. SpineMap Go provides navigated instrumentation and traditional fluoroscopic images without interrupting workflow or draping.
4. Stryker reported installing 35 Mako robots in the first quarter of 2019. The company installed 27 of the 35 robotic systems in the U.S. Last year, the company installed 28 robots all together, and 24 were in the U.S. About 55 percent of the placements went to competitive accounts where the company had little or no market share.
5. Stryker is continuing to integrate spine surgery device company K2M — which it acquired last year for $1.4 billion — into the larger organization. Read more here.