Spine merger scrapped, J&J’s Q1 earnings and more: 7 device company notes

A spine company’s $30 million investment and six more updates from spine and orthopedic device companies in the last week:

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1. Accelus, a minimally invasive spine device company, and CHP Merger Corp., a special purpose acquisition company, terminated a previously agreed-upon merger of the companies because of market conditions.

2. Seventeen spine devices received FDA approval in March. Read the full list here.

3. Carlsmed raised $30 million in series B funding to ramp up commercialization of its personalized spine implants.

4. SI-Bone’s iFuse Bedrock Granite spine implant received a CMS new technology add-on payment.

5. Johnson & Johnson saw first-quarter revenue rise 5 percent, with growth in its orthopedics sales.

6. AxioMed is progressing toward FDA approval for its viscoelastic for lumbar and cervical disc replacement.

7. ChoiceSpine launched its 3D-printed Harrier SA system for spinal fusion.

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

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