The drug-device combination market is expected to grow by 9.9 percent to $30.5 billion by 2017, said a report from BCC Research, according to Healthcare Packaging.
Spinal Tech
Medical device company InspireMD has named Alan Milinazzo as president, chief executive officer and a member of the board.
Orthopedic device company Soft Tissue Regeneration has received FDA clearance to market a device for rotator cuff repair.
Spine device company Alphatec Spine has received FDA 510(k) market clearance for two new products, the Pegasus and the ILLICO FS Facet Fixation System, according to NASDAQ.
Zimmer initiated a recall last month of its PEEK Ardis Inserter instruments for putting too much pressure on its interbody spacers, and the FDA has given it a high-risk Class 1 status.
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San Diego, Calif.-based DJO Global has acquired Exos Corp, a manufacturer of adjustable casts for fractures and joint injuries, according to the Star Tribune.
Here are 11 orthopedic and spine device companies that received financing during 2012. If you would like to add a company to this list, please contact Laura at lmiller@beckershealthcare.com.
Adrian Hennah, CFO of Smith & Nephew, will resign effective the close of business Dec. 31, according to Reuters.
The FDA issued a Class 1 recall for two of Medtronic's infusion pumps, according to The Legal Examiner.
Biopharmaceutical company Omeros released data from its second Phase III clinical trial for treatment in patients undergoing arthroscopic partial meniscectomy surgery.