The FDA's Center for Devices and Radiological Health on Aug. 30 issued draft guidance on the performance criteria and testing methodologies devicemakers can use to support 510(k) submissions for facet screw systems.
Spinal Tech
Global medical technology company Smith+Nephew's OXINIUM technology has shown strong performance measures in hip and knee arthroplasties.
Zimmer Biomet and medical data company Canary Medical received FDA approval to market the tibial extension for Persona IQ, the first smart implant for total knee replacement, according to an Aug. 30 news release.
The value of the minimally invasive spinal market decreased in 2020 because of the COVID-19 pandemic, but three companies still control the lion's share of the market, according to iData Research, a global consulting and market research firm.
Durham, N.C.-based medtech company Bioventus is investing in minimally invasive technologies by Trice Medical, a company focused on sports medicine and orthopedic surgery devices, Bioventus said Aug. 25.
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Patrick Miles has worked at Alphatec as CEO since 2017.
Fuse Medical received FDA clearance for its tibial revision knee system and PS Plus posterior stabilized tibial insert, according to an Aug. 26 news release.
Aurora Spine posted $2.43 million in second quarter revenue, according to an Aug. 26 news release.
Zimmer Biomet has grown since 2017 when Bryan Hanson was named CEO.
Medtronic's 23 percent increase in quarterly revenue and three more updates from spine and orthopedic device companies in the last week: