Medtronic honing in on AI, machine learning: 10 device company notes

Spinal Tech

From Medtronic's CEO discussing the future of surgical medtech at the 39th annual J.P. Morgan Healthcare Conference to a string of companies posting preliminary fourth-quarter financial results, here is the latest device company news:

Boston Scientific launched a spinal cord stimulator system in the U.S.

Medtronic CEO Geoff Martha highlighted artificial intelligence and machine learning as "the new frontier for medtech."

Orthofix expects net sales in the fourth quarter to decrease about 3 percent year over year to $118 million, but projects significant increases in motion preservation sales.

Smith+Nephew partnered with Movemedical to streamline inventory management.

Diamond Orthopedic secured a supply contract to provide screws for NuVasive's Precice Plate, a limb-lengthening and reconstruction system.

Alphatec projects fourth-quarter U.S. revenue to rise about 38 percent to 39 percent year over year.

Former Stryker executive Matt Cronin joined Spineology.

The FDA granted clearance of 40 orthopedic and spine devices in December.

Sites Medical and sister company Mach Medical opened a new headquarters in Columbia City, Ind.

SHS Capital invested in Blue Ocean Spine, which plans to expand into the U.S. in 2022.

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