So far in 2014, medical startups have raised $300 million, according to a Twin Cities Business report, with a bulk of the fundraising happening in the third quarter.
Spinal Tech
Exactech reported revenue growth in the third quarter of 2014, but net income was down due to currency losses.
United Orthopedic Group and Breg have merged to create a company focused on providing sports medicine and rehabilitative orthopedic products and services.
Aurora Spine signed a worldwide distribution and co-marketing agreement with Sentio to distribute the Sentio MMG nerve mapping system.
X-spine Systems added a line of biologics to its product portfolio.
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Surgeons at South Carolina Spine Center in Greenwood, S.C., performed surgical procedures on 1,000 patients using Brainlab's Brainsuite iCT, according to a Gwd Today report.
This past week at the Congress of Neurological Surgeons annual meeting, Medtronic has launched several new products that could set the foundation for a new growth in the company's spine business.
Medtronic launched a single-level anterior cervical discectomy and fusion device today — DIVERGENCE.
Belgium-based Materialise is acquiring United Kingdom-based OrthoView, a two-dimensional digital preoperative planning and templating solutions provider for orthopedic surgeons.
Medical device companies could miss out on $34 billion in potential revenue by 2020 because of disruptive change in the industry, according to a study by global management consulting firm A.T. Kearney.