A federal judge in California has denied spinal device company Reliance Medical's attempt to dismiss a lawsuit accusing the company of paying kickbacks to surgeons.
Spinal Tech
Here is a breakdown of key second quarter results published by SeaSpine, Orthofix and Smith+Nephew, along with the year-over-year percentage change:
Orthofix's spinal implants sales are growing, with its M6-C cervical disc seeing significant growth in the second quarter of 2021 year-over-year.
Spine device companies are recovering from losses sustained earlier in the COVID-19 pandemic with growing revenues.
Surgalign Holdings saw a return to growth in the second quarter after global spine revenue increased 21 percent year over year to $24.8 million.
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Ulrich Medical USA's small vertebral body replacement system has been on the market for 20 years, the company said Aug. 5.
Orthofix posted $121 million in sales during the second quarter, up 66 percent from the same time last year.
Taiwan Main Orthopaedic Biotechnology is developing surgical glasses equipped with augmented reality and mixed reality to improve accuracy and efficiency in spine surgery.
Medtronic has entered into a definitive agreement to acquire Intersect ENT for $1.1 billion.
Spine devicemaker Globus Medical posted a 68.6 percent year-over-year increase in global sales to $251 million in the second quarter, continuing its growth from the first quarter.