Fourth-quarter profit at device manufacturer Zimmer Holdings dropped 2.4 percent in its 2012 fiscal year, from $156.6 million last year to $152.8 million this year.
Spinal Tech
The Food and Drug Administration has announced its proposal to create a unique device identification (UDI) system for medical devices, which will impact both suppliers and providers. The rule itself has its genesis in a report from 1999 stating that…
The countrywide first payment of the new 2.3 percent medical device tax totaled $97 million, according to Star Tribune.
The Millennium Research Group estimated the global spinal nonfusion market will reach more than $1 billion by 2017.
Salt Lake City-based spine device developer Amedica has expanded its executive management team to include a senior vice president of market development, vice president of marketing, senior vice president of sales and chief legal and compliance officer.
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Mazor Robotics has received clearance to market the Renaissance spine system in Canada.
Conventus Orthopaedics has received FDA 510(k) clearance for its Conventus DRS Implant to treat distal radius fractures.
Johnson & Johnson's acquisition of Sythnes contributed to 5.6 percent to worldwide operational sales growth, net of the divestiture of the DePuy trauma business necessary for the acquisition.
Stryker reported 5.5 percent net sales growth during the fourth quarter of 2012 to $2.3 billion and 4.2 percent full year net sales growth to $8.7 billion.
Medical device manufacturer Smith & Nephew could help cut healthcare costs with its new device to promote wound healing, according to the Tampa Bay Business Journal.