Smith & Nephew recently announced the company would cut 80 jobs at its orthopedics unit in Memphis, according to a Daily News report.
Spinal Tech
Share prices for orthopedic and spine device companies have been on the downturn since last weekend, when the Centers for Medicare and Medicaid Services released a new pre-reimbursement review project, according to a Mass Device report.
Medical device company Sanuwave has published preclinical data demonstrating the ability of the company's extracorporeal shock wave technology to stimulate proliferation of periosteal progenitor/adult stem cells within the body, according to a Sanuwave news release.
Ranier Technology recently announced clinical trial results from its Cadisc-L spinal replacement disc, which demonstrates the ability to significantly reduce disability scores and improve quality of life, according to a Ranier news release.
Baxter International recently acquired Synovis, a provider of biological and mechanical products for soft tissue repair, for $325 million, according to a Baxter news release.
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DePuy Orthopaedics has received FDA premarket approval to use its new AOX Antioxidant Polyethylene material with its SIGMA Rotating Platform Knee System and LCS COMPLETE Mobile Bearing Knee System, according to a company news release.
Gaymar Industries, which was acquired by Stryker last year for $150 million, recently announced it would close operations at two locations and eliminate 160 jobs, according to a Buffalo News report.
Zimmer has announced the availability of its CLS Brevius Hip Stem with Kinectiv Technology in the United States, according to a Zimmer news release.
Clemson University opened a bioengineering lab at the Greenville Hospital System University Medical Center's Patewood campus, according to a university news release.
LDR, an Austin, Texas-based medical device company, recently moved its headquarters to a new larger office facility to increase its presence in the Austin area, according to an LDR news release.