Spinal Tech

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.

On March 18, Medtronic pledged to increase production of ventilators that are in short supply for treating COVID-19 patients. The company has connected with Tesla CEO Elon Musk about the ramp up.

Medicrea is taking steps to weather the COVID-19 pandemic, the spinal surgery technology provider informed shareholders March 20.

Medicrea, a spinal device company with offices in Lyon, France, and New York City, is significantly decreasing overheads to push through this challenging financial period due to the spread of the novel coronavirus.

NanoFUSE Biologics on March 16 appointed Jake Lubinski as CEO.

The medical technology giants are feeling the impact of the coronavirus pandemic including giants in the orthopedic space such as Johnson & Johnson, Stryker, Medtronic and Zimmer Biomet.

Despite a 33 percent drop in value since the end of 2019, Globus Medical is in a position to leverage its assets and acquire companies in this depressed market, according to Benzinga.

Valence, France-based orthopedic implant developer Amplitude Surgical is reducing production due to the outbreak of the novel coronavirus.