Medtronic reported slight fiscal year 2015 first quarter revenue growth over the same period last year, with 6 percent revenue growth in the United States, on the heels of the company's announcement to acquire Covidien in June.
Spinal Tech
Ronda Stryker is at it again — just three days after selling 21,000 company shares in a $1.6 million transaction, the Stryker director sold 14,000 more shares on Aug. 15, according to a WatchList News report.
Frost & Sullivan recognized spine device company Baxano Surgical with the 2014 Product Line Strategy Leadership award for its minimally invasive products.
LDR COO James Burrows sold 19,258 shares on the open market last Friday, according to a Mideast Times report, in a $512,070.22 transaction.
OsteoMed signed an agreement with MedCom Advisors for the co-marketing of the PrimaLOK SP Interspinous Fusion System and the development of the MI-Port Fusion Procedure.
The global orthopedic trauma market has a huge opportunity for growth, with the biggest being among external fixator devices, according to a Persistence Market Research report.
The Food and Drug Administration granted 52 orthopedic- and spine-related device exemptions in July.
Smith & Nephew announced a new sales model, called Syncera, geared toward hospitals to lower prices on hip and knee implants, according to a Health Point Capital report.
Experts predict a global settlement will be announced for lawsuits associated with Stryker's ABG II and Rejuvenate Hip Model Systems, which were recalled in July 2012, according to a Legal Examiner report.
Here are 13 key notes on spine and orthopedic device companies.
