Here are eight key notes on major spine and orthopedic medical device companies.
1. For the third year running, Medtronic has been named to the Dow Jones Sustainability World Index, which ranks companies based on economic performance, environmental stewardship and social responsibility. This past year, the medical device company concluded its first set of five-year environmental goals. Medtronic was also recognized earlier this year from FTSE4Good.
2. Alachua, Fla.-based RTI Surgical passed a recent inspection from the U.S. Food and Drug Administration. The company was inspected last October and received a warning letter related to environmental monitoring activities in the processing facility that did not affect patient safety.
3. Sean Moran, recently-appointed acting CFO of InVivo Therapeutics Holdings, resigned effective immediately, and interim CEO Michael Astrue will fill the position until a replacement is found. Mr. Moran was the company's director of finance who took the position of acting CFO at the end of August when former CEO and CFO Francis Reynolds resigned.
4. Carlsbad, Calif.-based Aurora Spine completed its initial public offering of 5.15 million shares at $0.70 per share for approximately $3.61 million in proceeds. The majority of the proceeds will go toward the development, testing and launch of the company's second lumbar fusion device.
5. Israel-based Mazor Robotics named Christopher Prentice as senior vice president of American and global marketing. Mr. Prentice will oversee the company's marketing strategy while reporting to CEO Ori Hadomi.
6. DePuy Synthes CMF launched new instrumentation designed for less invasive surgical fixation and stabilization of rib fractures with the company's MatrixRIB System.
7. The first clinical use of Biomet's Signature Patient Specific glenoid instrumentation in the United States has been successful. The system was introduced in February 2013 and is used in conjunction with Biomet's Comprehensive shoulder system.
8. Invibio Biomaterial Solutions launched the PEEK-OPTIMA HA Enhanced Polymer, a combination of the PEEK-based biomaterial and Hydroxyapatite, an osteoconductive material. The addition of HA was made after surgeon feedback indicated that bone ongrowth on all sides of the PEEK device could be more effective.
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