Durham, N.C.-based medical technology company Bioventus has acquired rehabilitation solutions company Bioness for $45 million upfront consideration, with up to $65 million contingent consideration.
Spinal Tech
Here are five updates from spine and orthopedic device companies in the past week:
Zimmer Biomet introduced the ZBEdge Connected Intelligence Suite for its digital and robotic technologies.
The FDA has awarded Premia Spine's Tops facet arthroplasty system its breakthrough device designation, which expedites the time taken to reach clinical trials.
Castel St. Pietro, Switzerland-based orthopedic device company Medacta reported March 30 a slight revenue drop in 2020 and said it plans to expand its sales force this year.
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Augmedics, an augmented reality company, reached a new funding milestone months after closing its series B financing.
DJO invested in Insight Medical Systems, which plans to launch an augmented reality system for total joint replacements.
Device companies wasted no time jumping into merger and acquisition activity at the start of 2021, with some sealing multimillion-dollar deals.
Devicemaker Aurora Spine said March 29 that its Zip interspinous fixation device for patients with degenerative disc disease received approval for a multicenter study.
Gregory Lucier will retire from the company's board of directors May 18.