8 medtech notes: DePuy Synthes, Icotec and more

Spinal Tech

Here are eight developments in spine and orthopedic medtech since Jan. 18:

1. Medical technology company Conventus Flower Orthopedics has received FDA 510(k) clearance for its new Flex-Thread ulna intramedullary nail system. 

2. New York City-based devicemaker Companion Spine acquired Backbone SAS, a medtech company in Bordeaux, France.

3. DePuy Synthes, Johnson & Johnson's orthopedic company, is paying $9.75 million to resolve allegations that it gave an orthopedic surgeon free spinal implants that were used in overseas cases, the Justice Department said Jan. 20.

4. The FDA cleared Icotec's Vader pedicle system to include 4.5 mm pedicle screws and extended carbon/PEEK rods.

5. Acrotec acquired Axial Medical, a spine and orthopedic devicemaker based in Warminster, Pa.

6. Orthopedic bracing and billing services company Breg has partnered with supplier Coreal International to expand its reach into the Chinese market. 

7. Miach Orthopaedics secured $40 million in financing to help expand commercialization of the Bridge-Enhanced ACL Restoration.

8. Johnson & Johnson on Jan. 24 posted $23.7 billion in 2022 revenue, a 4.4 percent decrease. Its orthopedic sales remained flat year-over-year, and its fourth-quarter orthopedic sales fell slightly.

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