Devicemaker Arthrex agreed to pay $16 million to resolve kickback allegations involving a Colorado orthopedic surgeon, the U.S. Justice Department said Nov. 8.
Spinal Tech
Alphatec, Globus Medical and SeaSpine posted their third-quarter financial reports, and all of them saw increased revenues year over year.
Happe Spine, a company developing spine and orthopedic implants, closed $3.35 million in series A capital.
The first clinical cases with Spinal Elements' Lucent 3D-printed lumbar interbody system were completed at Hawaii Pacific Health in Honolulu and Youngstown Orthopedics Associates in Canfield, Ohio.
Conformis named James Paiva as its vice president of U.S. marketing, the company said Nov. 8.
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Medtronic plans to achieve net zero carbon emissions by fiscal year 2045, the company announced Nov. 8.
A robotics company and the developer of a minimally invasive surgical drill are two of the latest acquisitions in the orthopedic medtech industry:
Bedford, Mass.-based OnPoint Surgical received an award for an augmented reality spine surgery patent that was granted in June, the company said Nov. 8.
Globus Medical saw an uptick in revenue year over year in the third quarter, and CEO Dave Demski said in an earnings call that the Excelsius 3D imaging system is expected to launch before the end of the year.
Alphatec grew its surgeon user base by 20 percent year over year in the third quarter of 2021, according to financial results posted Nov. 4.