From an expansion of Medtronic's spine robot to two acquisitions in the spine device industry, here is the latest industry news:
Spinal Tech
Switzerland-based icotec ag and Italy-based G-21 partnered to distribute a bone cement in conjunction with a pedicle screw system in the U.S., according to a Dec. 16 news release.
San Diego-based Carlsmed closed a $10 million Series A financing to commercialize the aprevo family of spine deformity correction devices, according to a Dec. 16 news release.
Spinal Elements acquired certain assets from Benvenue Medical, which develops minimally invasive lumbar fusion implants.
Integra LifeSciences on Dec. 16 entered into a definitive agreement to acquire regenerative medicine company ACell.
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Medtronic received FDA clearance for the use of navigated interbody and Midas Rex high-speed drills with the Mazor Robotic Guidance System, according to a Dec. 16 news release.
German medical device company NGMedical launched the Bee HA Cervical Cage System, according to a Dec. 15 news release.
Toronto, Canada-based 7D Surgical surpassed the 50th sale of its Flash Navigation system, according to a Dec. 15 news release.
Here's how Medtronic, Stryker and Johnson & Johnson's shares have fluctuated over the last five days.
The medtech sector looks more certain to recover in 2021, with Morgan Stanley analysts betting on Medtronic and Zimmer Biomet stocks to perform well next year, according to Seeking Alpha.