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.
Spinal Tech
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.
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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.
Clinical trial results of the iFuse-3D implant system demonstrated significant improvements in sacroiliac joint pain, function and quality of life at 24 months.
The FDA provides "breakthrough device" designation to products that are deemed effective to treat certain diseases and conditions. The designation speeds up the development, assessment and review for products.
Zimmer Biomet's spine spinoff, NewCo, is expected to begin operations in mid-2022, with former Medtronic executive Vafa Jamali appointed CEO of the new independent company.