Spinal Tech

Exactech, a Gainesville, Fla.-based orthopedic implant maker, has agreed to pay $3 million and enter into a deferred prosecution agreement with federal prosecutors for to settle allegations it paid kickbacks to physicians, according to a Mass Device report.

The incoming GOP chair of the House Oversight and Reform committee is considering directing CMS to assess the cost effectiveness of medical devices, alleging unnecessary use of orthopedic implants, according to a report by the Wall Street Journal.

Wright Medical Group has launched a limited release of the PRO-TOE VO hammertoe fixation system for patients requiring the fusion of lesser toes for hammertoe deformity, according to a company news release.

Small Bone Innovations has sold its shoulder-related assets to Fx Solutions of Rue de Majornas, a French company that is focused on providing treatment solutions for shoulder fractures and trauma and will market the newly acquired assets, according to a…

Pretrial proceedings in federal lawsuits against Johnson & Johnson over the DePuy ASR XL Acetabular System recall have been consolidated and will be overseen by a federal judge in Ohio, according to a Bloomberg Businessweek news report.

Stryker has entered into a definitive agreement with Olympus Corp. for the $60 million sale of its OP-1 products for use in orthopedic bone applications, according to a Stryker news release.

Synovis Life Technologies, a St. Paul, Minn.-based medical device company that manufactures and markets biological and mechanical products to repair and reconstruct soft tissue, reported a net revenue of $18.1 million for the fourth quarter of 2010, a 21 percent…

The Food and Drug Administration issued 16 spine devices 510(k) clearances in October, according to an FDA report.

Medtronic has received FDA 510(k) clearance for the CD Horizon System for pedicle screws that can be used during treatment for adolescent idiopathic scoliosis, according to a company news release.

New York-Presbyterian Hospital/Columbia University Medical Center in New York City recently acquired MAKO Surgical Corp.'s RIO robotic arm device to assist orthopedic surgeons during minimally invasive partial knee replacements for patients with early to mid-stage osteoarthritis, according to a Newswise…