An orthopedic surgeon at Rochester, Minn.-based Mayo Clinic completed the first shoulder arthroplasty procedure using Wright Medical's Blueprint Mixed Reality technology, according to a July 15 announcement.
Spinal Tech
The owner of a Georgia-based durable medical equipment company pleaded guilty to participating in a multimillion-dollar Medicare kickback and telemedicine fraud scheme, the Department of Justice announced July 14.
Johnson & Johnson's second-quarter orthopedic sales in the U.S. were down 34.7 percent year over year, at $869 million.
RTI Surgical shareholders have approved the sale of its original equipment manufacturer business to a private equity firm in a $480 million cash deal, according to a July 15 announcement.
The U.S. International Trade Commission plans to review an earlier ruling that Zimmer Biomet didn't violate the intellectual property rights of another bone cement maker, according to Bloomberg Law and a notice posted on the ITC website July 13.
Here are seven key notes on orthopedic and spine device companies from the past week:
Medical device company 7D Surgical on July 15 achieved CE Mark certification for its Machine-vision Image Guided Surgery system for spine surgery.
Medtronic entered into an agreement to acquire Medicrea, a spine device company that includes artificial intelligence, predictive modeling and patient-specific implant offerings.
Spinal implant developer Kahtnu Surgical has raised $2.15 million in a Series A financing round, according to a July 15 announcement.
Here's how Medtronic, Stryker and Johnson & Johnson's shares have fluctuated over the last five days.
