Spinal Tech

Here are the financial reports from five spine-driven device companies for the third quarter of 2012.

Orthopedic device maker Stryker has planned to layoff 5 percent of its global workforce by the end of 2012, and efforts are on track for completion, according to Michigan Live.

Medical device manufacturer Wright Medical Group has agreed to purchase BioMimetic Therapeutics for up to $380 million, according to Memphis Business Journal.

Orthopedic device company Smith & Nephew has appointed Julie Brown as its chief financial officer, according to NASDAQ.com.

Medtronic has completed a $755 million acquisition of China Kanghui Holdings, a Chinese orthopedic device producer, according to China Daily.

The Food and Drug Administration granted 24 510(k) clearances in October

A 2.3 percent tax on medical device sales slated to go into effect Jan. 1 is under opposition from Congressional members, according to the Journal Gazette.

Douglas Kohrs has retired as president, CEO and executive director of Tornier, a joint replacement and orthopedic device company with its U.S. headquarters in Edina, Minn., according to TwinCities Business.

Atlanta-based MedShape, an orthopedic device company, introduced its DynaNail Ankle Arthrodesis Nail, an intramedullary nail that contains an internal nickel titanium element.

Dallas-based Pinnacle Spine Group has received a U.S. Patent for its InFill Graft Delivery System, according to Virtual-Strategy.