From FDA clearances to strengthened partnerships, here are seven updates from spine and orthopedic device companies in the last week:
Spinal Tech
The FDA has granted breakthrough device designation for Spino Modulation's MIScoli system, a vertebral body tethering system to treat adolescent idiopathic scoliosis.
The FDA cleared Stryker's InSpace balloon implant for arthroscopic treatment of rotator cuff tears, the company said July 13.
Orthopedic devicemakers' general payments to surgeons plunged in 2020 compared to 2019 as elective surgeries and in-person visits were largely stunted because of the COVID-19 pandemic.
Medacta will pay at least $12 million to settle allegations of patent infringement and tortious interference against a developer of hip and knee implants.
Toronto-based device company Titan Medical named Stephen Lemieux CFO, according to a July 12 release.
The American Orthopaedic Society for Sport Medicine named Lazurite's ArthoFree arthroscopy camera as the inaugural recipient of the ACE (Accelerating the Cutting Edge) Award.
SpineGuard and ConfiDent ABC have expanded their partnership to allow for increased sharing of intellectual property, they said July 12.
Alphatec reported 88.2 percent to 90.2 percent year-over-year revenue growth in the second quarter on July 12.
The FDA raised safety concerns with NuVasive's stainless steel Precice devices and recommended surgeons stop implanting them.
