Stryker CEO Kevin Lobo said the pandemic accelerated innovation with virtual conferencing and connections during The Constellation Forum on Aug. 6, and he plans to lean into these trends as well as the company's social responsibility in the future.
Spinal Tech
Orthopedic implant manufacturer Wishbone Medical has strengthened its portfolio with the acquisition of two spine device companies — Back 2 Basics Direct and Orbbö Surgical.
Medical device company Life Spine has received FDA clearance for its Plateau-A Ti anterior lumbar spacer system, according to an Aug. 5 news release.
Zimmer Biomet paid $2 million upfront for the rights to distribute electrodes used in brain surgeries related to epilepsy treatment, according to Minneapolis/St. Paul Business Journal.
Here are four key notes on spine and orthopedic device companies:
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In NuVasive's second-quarter earnings call Aug. 4, CEO Chris Barry said the spine device company remains uncertain whether its business will return to growth by the end of the year, according to Seeking Alpha.
Zimmer Biomet reported sharp sales declines across all product categories in the second quarter.
Here's how Medtronic, Stryker and Johnson & Johnson's shares have fluctuated over the last five days.
Medtronic has made several big moves this year, including leadership changes, acquisitions and robotic investment.
Second-quarter neurotechnology and spine sales at Stryker decreased 29.6 percent to $546 million year over year, according to a July 30 announcement.