Biomet reported net sales of $715.2 million during the fourth quarter of the 2011 fiscal year, which is an increase of 2 percent over the same period last year, according to a company news release.
Spinal Tech
The Food and Drug Administration granted 29 orthopedic- and spine-related 510(k) device clearances in June, according to an FDA report.
A recent Wall Street Journal news story has suggested Johnson & Johnson may be the next large company facing a flurry of lawsuits, much like the mass litigation against Toyota and BP last summer. Approximately 1,000 lawsuits have been filed…
Medtronic recently acquired two medical device companies, Salient Surgical Technologies and PEAK Surgical, for a total of $645 million, according to company news releases.
KARL STORZ has released the VITOM System for better visualization during spine and small joint applications, according to a company news release.
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ArthroCare, a medical device company, sold its Parallax and Contour product lines to NeuroTherm, according to a Zacks report.
Ascension Orthopedics, an Austin, Texas-based orthopedic device company, has released the TITAN Inset Mini Glenoid, according to a company news release.
Theralase Technologies has appointed James R. Andrews, MD, as chairman to its Medical and Scientific Advisory Board, according to a company news release.
Small medical device companies are bypassing expensive sales tactics by offering big discounts on orthopedic devices to remain competitive in the market, according to a Wall Street Journal report.
RSB Spine, a Cleveland-based spine device company, reported a 131 percent sales increase for the second quarter of 2011 over the same time period in 2010, according to a company news release.