RTI Biologics, an Alachua, Fla.-based provider of orthopedic and biologic implants, reported revenues of $45.4 million for the fourth quarter of 2010, an 8 percent increase over the fourth quarter of 2009, according to a company news release.
Spinal Tech
Three bills related to eliminating healthcare reform tax on medical device manufacturers have already been introduced in Congress, and two more are expected to be introduced shortly, according to a report from The Hill.
In the wake of healthcare reform and a poor economy, orthopedic and spine device companies face several challenges over the next year. Here, industry experts discuss the most apparent challenges the industry stands to overcome in the future.
B. Braun has announced its Prontosan Wound Management Gel with PHMB (Polyhexanide) has received 510(k) FDA for over-the-counter use.
Stryker closed the sale of its OP-1 product family for use in orthopedic bone applications to Olympus Corp., according to a company news release.
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The value of Smith & Nephew’s equity for potential buyers is $15.6 billion, based on ebitda of $1.28 billion that analysts project the company will earn this year, according to a Bloomberg Businessweek report.
SpineGuard, a San Francisco-based company that produces the PediGuard, has introduced the PediGuard Curv among key opinion leaders in spine surgery, according to a company news release.
Kensey Nash, a medical device company, reported revenue of $17.4 million for the second quarter of the 2011 fiscal year, according to a company news release.
National Patient Account Services, a company dedicated to providing early-out collection efforts to hospitals around the country, will have a booth during the Healthcare Financial Management Association Region V. Dixie Institute conference, sponsored by the Tennessee Chapter of HFMA, according…
Kensey Nash, a medical device company focused on regenerative medicine, recently acquired the assets of Nerites, a developer of medical adhesives and anti-fouling coatings, for $20 million in cash, according to a Kensey Nash news release.