7 device companies report Q1 results & more: 10 device company notes

Spinal Tech

Here are 10 key notes on spine and orthopedic device companies:

Medtronic's senior director of corporate communications left the company because his position was eliminated.

Globus Medical released its first quarter financial report, showing large sales increases overseas.

Former executives of the defunct Laser Spine Institute of Tampa, Fla., joined medical device company Medovex.

SeaSpine Holdings Corp. posted first quarter 2019 revenues of $36.2 million, a 9 percent year-over-year increase.

Medical technology company Conformis reported first quarter 2019 revenues of $20.6 million.

The National Capital Consortium for Pediatric Device Innovation of Washington, D.C., named five winners of the Make Your Medical Device Pitch for Kids competition. AMB Surgical, Auctus Surgical, ApiFix, Children's National Health System and nView Medical all received $50,000 grants.

RTI Surgical completed its acquisition of Paradigm Spine in the first quarter and reported a net loss at $9.1 million.

Smith & Nephew reported first quarter revenue climbed 4.4 percent.

In the first quarter of 2019, NuVasive posted a 5.5 percent increase in revenue.

Orthofix reported flat net sales during the first quarter of 2019 and net income dropped 82.7 percent.

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