The first quarter saw several big-money acquisitions in the orthopedic device industry.
Spinal Tech
The FDA cleared 10 spine devices last month.
Sacropelvic device company SI-Bone reported this week that fourth-quarter revenue increased 12 percent year over year to $22.1 million.
Here's how Medtronic, Stryker and Johnson & Johnson's shares have fluctuated over the last five days.
Medtronic approved cash dividends for the fourth quarter of the 2021 fiscal year.
Zimmer Biomet's spine spinoff, NewCO, will be led by Vafa Jamali, a former Medtronic executive with more than 25 years of experience in the medical device industry.
The FDA cleared 33 orthopedic devices last month.
Spine device company Alphatec reported a net loss of $26.8 million in the fourth quarter, but saw U.S. revenue increase 38 percent year over year to $43.1 million.
Medtronic has hired a Walmart executive to lead its global operations and supply chain.
Bioventus appointed Larry Chen as managing director for the China and Asian Pacific region.
