Spinal Tech

  Here are six key notes on spine and orthopedic device companies.

Last week Orthofix announced the company would delay releasing second quarter financial reports until they were able to adjust issues with their calculations. Today, the company said it would restate the prior period's financial statements for the 2011, 2012 and…

Medtronic CEO Ishrak Omar used the company's first quarter 2015 fiscal year financial report to explain why their recently announced acquisition of Covidien will be good for the United States economy.

  Medical devices have been assessed almost twice as rapidly this year by the U.S. Food and Drug Administration as compared to the same period last year, according to analysis conducted by the Evaluate Group.

Aesculap Implant Systems made the S4 Element MIS System available for posterior lumbar pedicle screw fixation systems for endoscope technology to gain direct visualization.

  Osseon announced U.S. Food and Drug Administration clearance and the commercial release of its Osseoflex SB 2ml steerable balloon, an addition to its articulating vertebral augmentation product line.

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.

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.