Stryker will lay off 88 employees from its Lakeland, Fla., production facility by the end of May, The Ledger reported April 11.
Spinal Tech
An investment management company's claims about Stryker's acquisitions, robotics guidance and other business operations sparked an investigation from a stockholder rights law firm.
Kimberley Elting on April 8 was appointed president of global orthopedics for implant developer Orthofix.
The FDA granted several orthopedic-related device approvals last month.
Four spinoff companies in the orthopedic medtech industry have been completed or announced in the past year, and analysts predict that Medtronic's spine business might soon follow suit.
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Innovation moves at a rapid pace in spine surgery, but hype and marketing around new technologies can sometimes get in front of the science, resulting in less than optimal outcomes for patients and significant steps backward for the technology.
NuVasive's court win, payer approval of artificial disc replacement and four more updates from spine devicemakers in the last week:
Restor3d, a musculoskeletal devicemaker, raised $23 million to expand the delivery of personalized 3D-printed implants and to develop software for engineers.
SpineGuard's PediGuard threaded instrument was cleared by the FDA for anterior approach spine procedures, the devicemaker said April 4.
Chief operating officers are top-ranking executives tasked with overseeing administrative functions at a business.