While weathering a 34.5 percent drop in shares since its last earnings report, Medtronic has taken steps to aid COVID-19 relief efforts.
Spinal Tech
The FDA awarded AgNovos Healthcare's AGN1 Local Osteo-enhancement Procedure small volume kit breakthrough device designation on March 26.
Orthofix on March 26 completed the acquisition of assets associated with Fitbone, a limb lengthening system developed by German company Wittenstein SE.
Medtronic's charitable arm is pledging an additional $10 million toward COVID-19 relief efforts, the device company announced March 25.
The board of managers at Bioventus unanimously appointed Ken Reali to succeed Tony Bihl as CEO when he retires April 20.
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Precision Spine on March 25 launched its Reform Posterior Occipital Cervical Thoracic system.
Here are seven key notes on spine and orthopedic device companies:
Orthopedic implant maker Exactech laid off 63 employees because of a rash of surgery cancellations due to COVID-19, Florida Health News reports.
Life Spine partnered with Gizmo Medical March 23 to produce surgical masks and gowns to meet the growing demand in the U.S.
The COVID-19 pandemic has led to a steep drop-off in elective arthroplasty procedures, affecting Conformis' core knee and hip surgery products "in unprecedented ways," President and CEO Mark Augusti said in a March 23 announcement.