Stryker will lay off 88 employees from its Lakeland, Fla., production facility by the end of May, The Ledger reported April 11.

An investment management company's claims about Stryker's acquisitions, robotics guidance and other business operations sparked an investigation from a stockholder rights law firm.

Kimberley Elting on April 8 was appointed president of global orthopedics for implant developer Orthofix.

The FDA granted several orthopedic-related device approvals last month.

Four spinoff companies in the orthopedic medtech industry have been completed or announced in the past year, and analysts predict that Medtronic's spine business might soon follow suit.

Innovation moves at a rapid pace in spine surgery, but hype and marketing around new technologies can sometimes get in front of the science, resulting in less than optimal outcomes for patients and significant steps backward for the technology.

NuVasive's court win, payer approval of artificial disc replacement and four more updates from spine devicemakers in the last week:

Restor3d, a musculoskeletal devicemaker, raised $23 million to expand the delivery of personalized 3D-printed implants and to develop software for engineers.

SpineGuard's PediGuard threaded instrument was cleared by the FDA for anterior approach spine procedures, the devicemaker said April 4.

Chief operating officers are top-ranking executives tasked with overseeing administrative functions at a business.

Interest in augmented reality has spiked over the past decade, stemming from a desire to limit complications associated with instrumented spine surgery and improve procedural efficiency.

Stefan Renaud, DO, performed the first case with Amplify Surgical's 15-degree lordotic DualX interbody fusion implant. 

ZimVie, Zimmer Biomet's spine and dental spinoff company, cracked $1 billion in third-party revenue and is on track to see similar results in 2022.

A judge with the U.S. District Court of the District of Massachusetts awarded NuVasive $1.6 million in damages after finding a former employee of the devicemaker breached his noncompete and nonsolicitation clauses, Mondaq reported March 31.

Life Spine's latest FDA clearance and five more updates from spine medtech companies in the last week:

Many exciting innovations are being developed in the spine device industry, with smaller companies and startups aiming to break into a market dominated by medtech giants such as Medtronic, Stryker and Johnson & Johnson.

Five spine and orthopedic medtech companies completed or announced acquisitions in the first quarter of 2022.

Life Spine's sacroiliac joint fixation system, SImpact, received FDA clearance for posterior-oblique surgical approaches, the devicemaker said March 29.

The FDA granted nine orthopedic device approvals in February:

CFOs hold the top financial position in a company and are responsible for projecting the organization's financial standing as well as advising the CEO and board on strategic direction.