Spinal Tech

Orthofix net sales grew in the first quarter, driven by strong U.S. spinal implant sales.

Medical device company Conventus-Flower Orthopedics partnered with Red One Medical, a private sector scout for the Department of Veterans Affairs and Department of Defense.

Smith+Nephew posted $1.3 billion in first-quarter revenue, an 11.5 percent year over-year-increase, with significant growth in hip sales.

Here are seven updates from spine and orthopedic device companies in the last week:

Despite the COVID-19 pandemic, Stryker continued financial growth and has posted gains in its spine and neurotechnology segment since 2019. While the orthopedic segment has grown overall since 2019, the increase was most apparent in trauma and extremities sales.

Orthofix has entered into an exclusive license agreement to commercialize Italy-based IGEA's bone, cartilage and soft tissue devices in the U.S. and Canada.

Assure Holdings signed an agreement with Aetna Colorado to perform intraoperative neuromonitoring services as an in-network provider, effective May 1.

The global orthopedic market lost billions in revenue since the COVID-19 pandemic began, according to an April 28 GlobalData report.

Stryker's first-quarter sales were up 21.4 percent as the company focuses on closing its acquisition of Wright Medical.

Stryker posted $1.5 billion in first-quarter orthopedics sales, a 21.4 percent increase compared to the first quarter of 2020.