Spinal Tech

Shelton, Conn.-based spine device company Spine Wave has entered into an agreement with MB Innovations to develop future products, according to a Spine Wave news release.

The Food and Drug Administration granted 21 spine-related devices 510(k) clearance in November, according to an FDA report.

Here are the most recent financial reports for 20 orthopedic and spine device companies. Much of the success was driven by international markets, but a few companies reported sales growth in the U.S. spine and orthopedics markets.

Gainesville, Fla.-based orthopedic device company Exactech recently initiated a prospective, randomized, multi-center clinical trial to evaluate the safety and effectiveness of a new cartilage repair technology, according to an Exactech news release.

Biomet reported second quarter worldwide net sales of $725 million, a 4 percent increase over the same period last year, according to a Biomet news release.

Mazor Robotics, a spine device company focused on surgical robotics, recently singed a purchase agreement with NSH Michigan for its Renaissance system, according to a Mazor news release.

Three United States Senators have sent Medtronic a letter, asking for information about how it tracks medical devices after releasing them on the market, according to a Star Tribune report.

If the legislation enforcing a 2.3 percent medical device tax, which is scheduled to take effect on Jan. 1, 2013, isn't repealed, it could have a serious impact on U.S. jobs associated with orthopedic device companies, according to a Journal…

Atlanta-based orthopedic device company MedShape has received a United States patent for its shape memory polymer-based technology, according to a MedShape news release.

After holding a special meeting on Dec. 15, Synthes stockholders agreed to the acquisition offer proposed by Johnson & Johnson earlier this year, according to a Synthes news release.