Medical device manufacturer Zimmer plans to close its Austin, Texas, facility by the end of July in an effort to streamline business, according to Mass Device.
Spinal Tech
Rebound Orthopedics & Neurosurgery, based in Vancouver, has received a $265,000 grant from MAKO Surgical, according to a Vancouver Business Journal report.
Cleveland-based AxioMed Spine has garnered $3.6 million in capital funding for development of its degenerative spine products, according to Med City News.
Stryker has increased the low-end estimate for its hip implant recall, now saying it will cost between $190 million and $390 million for the testing, lawsuits and insurance payments, according to Claims Journal.
AxoGen will present the results of the clinical studies for the Avance Nerve Graft at the American Association for Hand Surgery annual meeting.
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GE Capital will serve as the administrator of a $21.5 million investment into Amedica's spine device product development and growth.
The Food and Drug Administration granted 38 orthopedic- and spine-related device clearances in December.
The Wilmington, N.C.-based medical device company TranS1 has reached a $6 million agreement with the US Department of Justice to settle a federal investigation.
Orthofix has launched its CONSTRUX Mini PEEK Titanium Composite Space System implant for anterior cervical spine.
Santa Rosa, Calif.-based Sonoma Orthopedic Products launched its VELOX clavicle fracture procedure, which uses the Sonoma CRx clavicle nail.