The FDA has outlined four ways it plans to improve the medical device postmarket surveillance system.
Spinal Tech
Stocks of Globus Medical rose 13 percent on its first day as a publicly traded company, according to a Wall Street Journal report.
LDR, a privately held spinal implant company, received FDA 510(k) clearance to market the Avenue L Lateral Lumbar Cage System.
The global bioimplants market is projected to reach $134.3 billion by 2017, according to the latest report by MarketsandMarkets.
Boston's U.S. District Judge William Young has rejected Orthofix's settlement in a Medicare fraud case, according to a Bloomberg Businessweek report.
DePuy Spine was awarded a patent for instruments within its expandable corpectomy spinal fusion cage, according to an Equities report.
Medtronic will cut 500 more employees as part of a larger restructuring plan to lay off 1,000 employees and save up to $125 million each year, according to a Mass Device report.
BONESUPPORT, a manufacturer of injectable bone substitutes for orthopedic trauma, bone infections and instrument augmentation related to orthopedic surgery, signed a multi-year exclusive distribution agreement with Biomet.
One neurosurgeon's battle against medical device company Vertos Medical highlights an ongoing concern over the clinical research and FDA approval of medical devices, according to a New York Times report.
Smith & Nephew has won a $4 million patent infringement lawsuit against Hologic over its MyoSure device for women, according to a Mass Device report.
