ZimVie announced today that the FDA has cleared the use of its Vital spinal fixation system with Brainlab’s Spine & Trauma Navigation. The news comes just nine months after the companies announced a partnership in which Brainlab will provide spine imaging, planning, navigation, and robotic-assisted systems for use with ZimVie implants. The goal is to enable […]
Spine
Nevro acquires joint fusion device maker Vyrsa, closes credit facility and refinancing
Nevro (NYSE:NVRO) announced that it acquired Vyrsa Technologies, a company developing a minimally invasive joint pain treatment. Vyrsa has a portfolio of sacroiliac (SI) joint pain devices for use in SI joint fusion procedures. Established in 2021, the company manufactures and supports a complete portfolio of FDA-cleared devices. Dr. David Caraway, Nevro chief medical officer, […]
ReWalk Robotics demonstrates proof-of-concept with next-gen, AI-powered exoskeleton
ReWalk Robotics (Nasdaq:RWLK) announced today that it successfully demonstrated proof-of-concept with its next-generation exoskeleton. The Israel-based company, which operates out of Marlborough, Massachusetts, in the U.S., incorporated AI into its latest technology. It integrated advanced sensing technologies and AI to enable autonomous decision-making in the new exoskeleton prototype. ReWalk hit this milestone as part of […]
Orthofix has a new CEO
Orthofix Medical announced today that it named Massimo Calafiore as its new president and CEO. Lewisville, Texas-based Orthofix expects the appointment of Calafiore to go into effect in early 2024. He currently serves as CEO of LimaCorporate and will take over the corner office at Orthofix following the completion of Lima’s acquisition by Enovis. The […]
Boston Scientific closes Relievant Medsystems acquisition
Boston Scientific announced today that it completed its previously announced acquisition of Relievant Medsystems. In September, Boston Scientific announced plans to acquire Relievant for an upfront cash payment of $850 million. Additional payments are contingent on sales performance over the next three years. Minneapolis-based Relievant developed and commercialized the Intracept intraosseous nerve ablation system for […]
ReWalk Robotics announces solidified Medicare coverage for personal exoskeleton
ReWalk Robotics (Nasdaq:RWLK) announced that the Centers for Medicare & Medicaid Services (CMS) finalized a rule benefitting its exoskeleton technology. Earlier this year, CMS released a proposal aiming to establish new regulatory definition of “brace.” Adding the definition of brace would expedite coverage and payment for newer technology and powered devices, according to CMS. This potentially […]
Stryker beats The Street in Q3, CEO Lobo allays GLP-1 fears
Stryker shares fell slightly this morning on third-quarter results that topped the consensus forecast. Shares of SYK dipped 1.8% at $273.22 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 1.4%. The Kalamazoo, Michigan-based company posted profits of $692 million, equaling $1.80 […]
ZimVie beats The Street in Q3, ups back end of guidance
ZimVie shares ticked up this morning on third-quarter results that topped the consensus forecast. Shares of ZIMV rose 1% at $6.80 apiece just after the market opened today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 1.1%. The (LOCATION)-based company posted losses of $5.1 million […]
First U.S. procedure performed with ZimVie 4.5mm Mobi-C device
ZimVie announced today that the first U.S. patient received its new 4.5mm Mobi-C cervical disc. Mobi-C became the first cervical disc approved for one and two levels by the FDA in 2013. Ten years later, in August of this year, ZimVie picked up FDA approval for a smaller height for the device. The updated 4.5mm […]
J&J’s DePuy is laying off 67 workers in Colorado
Johnson & Johnson’s DePuy Spine issued a WARN letter confirming 67 layoffs at a facility in Monument, Colorado. The company issued the letter pursuant to the Worker Adjustment and Retraining Notification (WARN) Act. It decided to eliminate positions permanently at the facility located at 1101 Synthes Avenue, Monument, Colorado. DePuy’s letter said the action comes […]
ZimVie reaches 2,000-child milestone for Tether system
ZimVie announced today that more than 2,000 children have been treated with the Tether vertebral body tethering system. Tether, approved as a humanitarian device by the FDA in 2019, treats skeletally immature patients. These patients require surgical treatment to obtain and maintain correction of progressive idiopathic scoliosis. They present a major Cobb angle of 30 […]