Globus Medical (NYSE: GMED) has made an offer to acquire fellow spine surgery tech company NuVasive (Nasdaq:NUVA), according to Bloomberg and Reuters. Both media outlets cited people familiar with the matter during their reports yesterday. A NuVasive spokesperson had no comment when reached today by MassDevice. If it takes place, the deal would create one of […]
Globus Medical
Globus Medical launches Anthem Mini Fragment fracture system
Globus Medical this week announced that it has launched its Anthem Mini Fragment fracture system at the annual Orthopedic Trauma Association meeting in Fort Worth, Texas. Audubon, Pennsylvania–based Globus Medical designed the Anthem system for fracture fixation of small bones and non-load-bearing stabilization of long bones in the upper and lower extremities. The implants are […]
Globus Medical’s Excelsius3D imaging system wins FDA clearance
Globus Medical recently announced that it has received FDA 510(k) clearance for its Excelsius3D intelligent intraoperative 3-in-1 imaging system. Audubon, Pa.-based Globus Medical designed the image platform with 360º cone-beam CT, fluoroscopy and high-resolution digital radiography to eliminate the need for multiple imaging systems in one procedure. Get the full story on our sister site, […]
7 companies using robot-assisted surgery to transform orthopedics
It seems as if every orthopedic device company is getting involved in robot-assisted surgery — rolling out robots to assist surgeons operating on the knee, hip, shoulder or spine. Two events in recent years especially signaled that robots were coming into their own in the space: Stryker spent $1.7 billion for Mako Surgical in order […]
Globus Medical signs purchasing agreement with Premier
Globus Medical (NYSE:GMED) announced that it signed a group purchasing agreement covering its trauma platform with Premier. Audobon, Penn.-based Globus’ agreement with Premier covers the company’s Anthem plating, Autobahn nailing, Arbor external fixation and Captivate screw platforms, according to a news release. “We are very pleased that Premier has selected Globus Medical as a contracted supplier […]
Depleted hospital capital accounts are requiring medtechs to be `flexible’
As hospitals brace for another surge in COVID-19, medical device companies have to worry about more than temporary reductions in elective surgeries. Hospitals struggling to account for every dollar are beginning to push for new ways to select and pay for new medical technology, particularly large capital items like robotic surgery systems, according to […]
Globus acquires StelKast for $28.4m
Globus Medical (NYSE:GMED) has acquired most of the assets of privately held orthopedics manufacturer StelKast for $24.1 million. The purchase price could increase by $4.3 million if certain product and sales milestones are met, including a robot-assisted system for joint reconstruction expected to launch in late 2020. McMurray, Penn.-based StelKast designs, manufactures and distributes implants […]
Intersect ENT lures Hologic’s West for CEO | Personnel Moves, June 28, 2019
Intersect ENT (NSDQ:XENT) yesterday named Hologic (NSDQ:HOLX) executive Tom West to be its new president & CEO effective July 22. West, who has been president of Hologic’s diagnostics solutions division since October 2014, is a Johnson & Johnson (NYSE:JNJ) veteran, Menlo Park, Calif.-based Intersect ENT said. The company in May tapped lead director Kieran Gallahue to […]
Is the orthopedic device space in the midst of a robot revolution?
Stryker’s success with its Mako robot-assisted surgery platform has other orthopedic device companies hastening to enter the space. The big question is whether long-term outcomes will justify the expensive technology. More than five years after spending $1.7 billion to acquire Mako Surgical, Stryker is leading the way bringing robot-assisted surgery to the orthopedic space. The […]
Globus Medical misses consensus on Q1 results
Globus Medical (NYSE:GMED) posted first-quarter results today that missed the consensus forecast on Wall Street, but expects higher earnings by the end of the year. The Audubon, Penn.-based company reported profits of $33.2 million, or 33¢ per share, on sales of $183 million for three months ended March 31, for a bottom-line loss of 16% on […]
Globus Medical launches Fortify VA corpectomy spacer system
Globus Medical (NYSE:GMED) said yesterday that it launched the Fortify VA variable angle corpectomy solution. The newly launched Fortify VA is an expandable corpectomy spacer designed to improve anatomical fit using an anterior cervical approach or an approach from the thoracolumbar spine, the Audobon, Penn.-based company said. The Fortify VA provides up to 16° of angulation […]