BioMimetic Therapeutics, a biotechnology company focused on developing products to heal musculoskeletal injuries and diseases, recently reported a net loss of $8 million, ending the first quarter of 2011 with $83.7 million in cash, cash equivalents and investments, according to…
Spinal Tech
InVivo Therapeutics, a Cambridge, Mass.-based company developing spinal cord injury treatments, recently partnered with the University of Miami Miller School of Medicine's Miami Project to Cure Paralysis, according to a company news release.
Novation has announced a limited time rebate program with DePuy Spine to increase utilization of the company's products, according to a Novation news release.
Symmetry Medical, a Warsaw, Ind.-based medical device company, recently reported first quarter revenue of $95.8 million, which is a 13 percent increase over the first quarter of last year, according to a company news release.
Orthofix, a Lewisville, Texas-based orthopedic device company, recently reported net sales of $139.2 million and a net loss of $35.8 million for the first quarter of 2011, according to a company news release.
Advertisement
Wright Medical Group has replaced the three executives who stepped down "without good reason" amid internal investigations about improper payments to physicians last quarter, according to a report from The Daily News.
Alphatec Spine, a Carlsbad, Calif.-based spine device company, reported first quarter revenue of $49.7 million, which represents a 40.9 percent growth over the first quarter of 2010, according to a company news release.
The global orthopedics industry approached $30 billion in 2010, with an annual growth rate of about 5 to 7 percent, according to a Pharma Life report, based on research from UBM Canon.
Exactech, a Gainesville, Fla.-based orthopedic device company, reported $53.4 million in revenue for the first quarter of 2011, which was a 9 percent increase over the first quarter of 2010, according to a company news release.
ArthroCare has reported first quarter FY 2011 total revenue of $87.9 million, representing a 1.3 percent decrease from the same quarter last year, according to a company news release.