PDL BioPharma and Paradigm Spine announced that they have entered into a credit agreement under which PDL will provide Paradigm with up to $75 million of secured debt financing.
Spinal Tech
Aurora Spine announced it has received U.S. Food and Drug Administration 510(k) clearance for sterile-packed titanium plasma spray coated spinal fusion implants.
OrthAlign announced that it has entered into an exclusive distribution agreement with Biomet Japan for its total knee arthroplasty technology — KneeAlign.
Arthrosurface announced that its HemiCAP technology has reached its 10-year milestone.
NeuroMetrix announced that it has signed a national distribution agreement with DJO Global for the SENSUS Pain Management System.
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VGI Medical announced that it has established a national sales management team and has hired two new area sales directors.
Warsaw, Ind.-based Biomet, an orthopedic device manufacturer, appears to be in talks with banks about forming an initial public offering, according to a report from the Wall Street Journal.
Durham, N.C.-based Bioventus, an orthopedics company, has announced Allison London Brown as the company's new vice president of global marketing.
Carlsbad, Calif.-based Aurora Spine has announced the appointment of Mike Keegan to the position of executive vice president of U.S. sales, a new position at the company.
Austin, Texas-based ArthroCare, a company for minimally invasive surgical products, has announced fourth quarter 2013 revenues of $101.7 million, up 4.9 percent from fourth quarter 2012 revenues.