Jacksonville (Fla.) Orthopaedic Institute has signed an agreement with Voyant Health to license the company's integrated technologies, according to a Voyant Health news release.
Spinal Tech
Wenzel Spine, an Austin, Texas-based spinal fusion device company, has hired Jon Luedke as executive vice president, according to a company news release.
Theken Spine, an Akron, Ohio-based maker of implantable hardware for spinal fusion surgery, has been approved for a $200,000 Rapid Outreach grant from the Ohio Controlling Board, according to a Medcity News report.
Stryker has elected Allan C. Golston to become the tenth director as part of its board of directors effective Jan. 2, 2011, according to a company news release.
Stryker has increased its dividend by 20 percent and authorized the company to repurchase an additional $500 million of its stock, according to a company news release.
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The U.S. Attorney's Office for the Western District of New York issued a subpoena to Medtronic seeking information about the company's neurostimulation products, according to a Wall Street Journal report.
Competition will intensify for the $740 million minimally invasive spinal fusion market over the next few years as more companies challenge industry leaders NuVasive and Medtronic Spinal & Biologics, according to a Millennium Research Group report.
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.