Medtronic divests from orthopedics & more: 12 device company key notes

Spinal Tech

Here are 12 key notes on spine and orthopedic device companies:

Medtronic plans to divest its orthopedics business after unsuccessful attempts to break into the knee and hip implant arena. Read more.

Alphatec reported a slight increase in first-quarter net revenue for 2019. Read more.

Fuse Medical reported its first-quarter 2019 financial results, posting a revenue drop of 20.54 percent. Read more.

Tenex Health received FDA approval to market its latest minimally invasive technology, TX-Bone.

Reflexion Health received FDA clearance to expand its Virtual Exercise Rehabilitation Assistant for use with trunk and upper extremities.

Smith & Nephew launched its Werewolf Flow 90 Wand with Flow-IQ Technology.

HealthpointCapital acquired a controlling ownership stake in CrossRoads Extremity Systems.

Catalyst OrthoScience raised $12.7 million in an oversubscribed financing round led by growth equity firm River Cities Capital Funds.

Xenco Medical launched the first interactive vending machine created for spine surgery implants and instruments.

The FDA granted ChoiceSpine clearance to market two new devices, to be used together or separately in cervical spinal fusions.

Innovasis enrolled 150 patients in its HA PEEK Data Registry.

Arthrex won a Workfront Lion Award for its innovative approach to work management, Workfront announced May 8.

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