NuVasive had to raise its litigation royalty expense estimate for the year after a U.S. District Court set royalty rates for the company's CoRoent XL implants at 13.75 percent and MaXcess retractors at 8.25 percent.
Spinal Tech
Symmetry Medical adjusted its financial projections for 2013 and expects revenue between $400 million and $415 million, down from its initial projection of $420 million to $440 million.
The first implantations of Exactech’s LPI Prime hip replacement system have been made.
Marquette, Mich.-based Pioneer Surgical Technology launched its Streamline minimally invasive spinal fixation system.
The Food and Drug Administration granted 40 orthopedic- and spine-related clearances in May.
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More than 200 Biomet workers in the United Kingdom will be laid off as the orthopedic device supplier relocates its Swindon business to Bridgend, Wales, according to a Swindon Advertiser report.
Broomfield, Colo.-based Lanx has appointed Fernando Villamil, MD, to its surgeon advisory board and the company's director of education for Latin America.
Warsaw, Ind.-based Zimmer has acquired NORMED Medizin-Technik GmbH, a German-based foot and ankle and hand and wrist product developer, for an undisclosed amount of money, according to a Mass Device report.
RSB Spine signed an exclusive distribution and licensing agreement with JMF Group of Thailand, owned by the Mahe Group, to have its spine fusion devices distributed in Asia, Europe and South America.
The Food and Drug Administration granted 15 spine-related medical device clearances in May.