Medtronic Q4 revenue drops because of COVID-19 pandemic & more: 5 device company key notes

Spinal Tech

Here are five key notes on orthopedic and spine device companies from the past week: 

Spinal device company Zynfusion appointed Mark Terrill as CEO May 26.

The German Society for Biomedical Engineering awarded Dr. Malte Assel the Klee Prize for 2020, recognizing his work in optimizing knee implant design.

Orthofix is sponsoring spine patient and Olympic gold medalist Laura Wilkinson.

Medtronic reported fourth-quarter revenue dropped 26 percent during the pandemic, hitting $6 billion. Full-year earnings were in line with the guidance the company provided on April 21 to account for losses due to the postponement or cancellation of elective procedures around the world. Read more

Swedish spinal device manufacturer OrtoWay unveiled May 20 design improvements to extend the clinical usage of its hydraulically powered system for spine surgery.

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