The year kicked off with a splashy merger between spine medtech companies, and another key acquisition is on the horizon.
Spinal Tech
Globus Medical's shares fell 18 percent following news that it is acquiring NuVasive, valuing the spine devicemaker at $3.1 billion, Seeking Alpha reported Feb. 9.
Elon Musk's brain implant company, Neuralink, is under investigation over allegations it unsafely packaged and transported materials with infectious pathogens at research facilities at the University of California Davis.
Carlsbad, Calif.-based Spinal Elements named Ron Lloyd as president and CEO.
Globus Medical is buying spine devicemaker NuVasive, valuing it at $3.1 billion.
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Here are six updates from spine and orthopedic medtech companies since Feb. 1:
Altus Spine's Monaco pedicle screw system was used in its first complex deformity case at New York City-based NYU Medical Center, the devicemaker said Feb. 2.
In the first dozen cases using Kleiner Device Labs' KG Surge interbody system, surgeons could deliver an average 12cc of bone graft, the devicemaker said Feb. 7.
Orthopedic devicemaker Stryker plans to significantly increase its presence in the artificial intelligence space, CEO Kevin Lobo shared in a Feb. 6 television interview with Fox Business.
Orthopedic fixation technology company Ossio has launched the world's first non-permanent compression staple for orthopedic fixation, the Ossiofiber Compression Staples.