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8 things for spine surgeons to know for Thursday — Nov. 30, 2017 Featured

By  Megan Wood | Thursday, 30 November 2017 14:38
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Here are eight things for spinal surgeons to know for Nov. 30, 2017.

Medtronic reports 4% Q2 revenue drop due to hurricanes, divestiture to Cardinal Health
Medtronic reported second quarter worldwide revenue dropped 4 percent due to the company's divestiture of the Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses to Cardinal Health. Hurricane Maria also had a $55 million to $65 million impact on the company's second quarter revenue, hitting the minimally invasive therapies and restorative therapies group hardest. Read more, here.

Barred VA neurosurgeon continues to receive $339k annual salary
Despite being barred in 2014 and fired in 2016, Mohamed Eleraky, MD, is still on staff at the Montgomery (Miss.) Veterans Affairs Medical Center and being paid $339,177 without performing surgeries for three and a half years, the Clarion Ledger reports. Read more about the situation, here.

J&J reports declining spine sales in Q3 – what to expect in Q4
Although reporting $19.7 billion total sales in the third quarter of 2017, Johnson & Johnson's spine division saw a decline in sales. With the emergence of competitors, such as Medtronic, Zimmer Biomet and Stryker, Johnson and Johnson's spine sales and market share have continued to decline in the U.S.

Medicrea acquires 3 patents from Dr. Paul McAfee
Medicrea acquired three patents from Paul McAfee, MD, of the University of Maryland St. Joseph's Medical Center in Towson. The patents address methodology to measure and plan interbody devices used in spine surgery. The patents protect intellectual property around the technique for physiologically selecting interbody device height based on patient anatomy.

Aurora Spine reports $1.7M in Q3 revenues
Aurora Spine Corp. reported financial results for the three and nine months ended Sept. 30. The company saw revenues of about $1.68 million for the third quarter, a 3 percent boost from the same period the year prior. Aurora Spine reported revenues of $4.64 million, an 8.5 percent drop from the same period the year prior. Read more on the financial report, here.

NYU Langone raises $1.3M+ in funds through musculoskeletal ball
New York City-based NYU Langone heremore than $1.3 million and recognized Patrick Meere, MD, Tarek Sherif and Sophie Nicholson at its annual Musculoskeletal Ball Nov. 14. The funding will be used to advance care at NYU Langone Orthopedic Hospital, Rusk Rehabilitation and NYU Langone Orthopedic Center, all based in New York.

FDA clarifies regenerative medicine policies with new framework
The FDA released its regenerative medicine policy guidelines Nov. 16. The new framework encompasses four guidance documents, offering a clearer picture of regulated biologic products. The guidance document suite outlines how the FDA will react to products with potential safety concerns.

Jury sides with patient in $8M malpractice case against nurses who re-broke his neck
Roswell, Ga.-based North Fulton Medical Center will pay a patient $8 million as a result of a seven-day trial in the Fulton County State Court, according to Daily Report. The patient received $6.8 million and the patient's wife received $1.2 million in a loss of consortium claim. Read more about the case, here.

More articles on spine:
Froedtert Hospital & Medical College of Wisconsin physicians develop app for 'awake' brain surgery: 5 things to know
Jury sides with patient in $8M malpractice case against nurses who re-broke his neck — 5 insights
5 trends in chiropractic care — 63% of patients report back pain

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