For medical device manufacturers, second quarter fiscal reports show mixed results due to the weakened economy and less visits to the physician, according to a report by The Wall Street Journal.
Spinal Tech
Dean H. Bergy, advisor to the chief financial officer at Stryker, has become a member of the RTI Biologics board of directors, according to an RTI Biologics news release.
Zimmer Holdings reported a 21 percent decrease in earnings during the 2010 second quarter, largely a result of setting aside $75 million for voluntary suspension of the Durom Acetabular hip implant, according to a company news release.
AxioMed Spine, a spinal implant developer based in Ohio and Pennsylvania, has raised $14.5 million for a study focused on its Freedom Lumbar Disc implant and to expand sales in Europe, according to a Crain's Cleveland Business report.
Adam Keilen, an inventor and medical device entrepreneur, and the Keystone Solutions Group have joined to form a new company, Keystone Surgical Products, which will manufacture and sell interments and accessories for the orthopedic implant industry from their Kalamazoo and…
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Applied Spine Technologies, a medical device company focused on motion preservation of the lumbar spine, received a notice of allowance for an application regarding their dynamic spine stabilization device with travel-limiting functionality, according to a company news release.
Stryker Corp. has reported an 8 percent sales growth in their 2010 second quarter, driven by an increase in sales of orthopedic implants and acquisitions, according to a company news release.
Trinity Orthopedics, a minimally invasive spine surgery device manufacturing company based in San Diego, has received a patent allowance for their Sagittally Stable Spinal Fixation System, according to a company news release.
The Ohio Department of Development granted the Akron Biomaterials Commercialization Hub $250,000 to create new technologies and prototypes in biomaterials for orthopedics and wound healing, according to a Crain's Cleveland Business report.
The National Science Foundation has granted funding for a research project which will explore infection-resistant orthopedic implants, according to a news release from the Stevens Institute of Technology in Hoboken, N.J.