Shares in Smith & Nephew (NYSE:SNN) jumped today after news broke that a well-know hedge fund has been building a stake in the British orthopedics and wound care giant. Elliott Management Corp., run by billionaire Paul Singer, took out an unspecified position in Smith & Nephew, Bloomberg reported, citing “people familiar with the matter.” A representative for […]
Orthopedics
Welcome to MassDevice's Orthopedics Hub, your resource for the latest in orthopedic news. Stay informed about the innovations and business news shaping the ortho device industry.
🦴 Narrow your focus with these categories:
Implants | Metal-on-Metal | Spine
Here are the top orthopedic device features from MassDevice and its sister publications (and scroll down to read the latest cardiology device news from MassDevice):
+ The biggest stories from AAOS 2024
+ The 10 largest orthopedic device companies in the world
+ The ZimVie Tether helps kids with scoliosis — if they can get it in time
+ Could 2023 be a boom year for orthopedic devices?
+ The top orthopedic device news out of AAOS 2023
🎙️ Tune in to the Ortho Innovation Talks podcast on the DeviceTalks podcast network.
Latest Orthopedics News
IntelliJoint Surgical wins CE Mark for Hip 3D hip arthroplasty nav system
IntelliJoint Surgical said this week it won CE Mark approval in the European Union for its IntelliJoint Hip 3D mini-optical navigation system. The Waterloo, Ontario-based company said the system is designed to provide surgeons with measurements for cup position, leg length and offset for total hip arthroplasty procedures without requiring pre-operative or intra-operative imaging. The Hip […]
Xtant Medical to shut down Dayton, Ohio facility
Xtant Medical (NYSE:XTNT) said today that it plans to close its Dayton, Ohio facility and transition its operations to the company’s headquarters in Belgrade, Montana. The Dayton facility employs 55 people in an array of quality assurance, regulatory, inventory management, finance, engineering and distribution jobs, the company said, adding that many of these functions will transition […]
MiMedx closes Stability Biologics sale
MiMedx (NSDQ:MDXG) said this week that it completed the divestiture of its subsidiary, Stability Biologics, back to the former stockholders of Stability, Inc. The deal, which closed on Sept. 30, included a promissory note issued by Stability Biologics for $3.5 million in favor of MiMedx. Get the full story at our sister site, Drug Delivery Business […]
Judge: Nevro lawyer’s tactic ‘sleazy’ but legal in BSX patent spat
A federal judge in California found this week that although Nevro Corp.‘s (NYSE:NVRO) failure to correct a patent examiner’s misunderstanding of prior art was a little “sleazy,” it does not account to inequitable conduct. Boston Scientific (NYSE:BSX) argued that the prosecuting attorney had a duty to respond to the examiner’s confusion, which came about as part […]
J&J loses bid to stay FCA verdict
Earlier this week, the U.S. First Circuit Court of Appeals denied Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopedics’ bid to stay a decision reviving a False Claims Act suit over its allegedly faulty hip implants. Just days ago, the company urged the court to stay its decision while it appeals to the U.S. Supreme Court. The False […]
Wright Medical inks $90m settlement deal for metal-on-metal hip claims
Wright Medical (NSDQ:WMGI) said this week it agreed on a comprehensive settlement deal to resolve remaining metal-on-metal hip claims not previously settled, looking to pay a maximum of $89.8 million. A total of $35 million of the settlement will be funded from insurance proceeds, contingent on availability by Dec. 31, the Amsterdam-based company said. Settlement payments […]
J&J touts perioperative efficiency CareAdvantage study data
Johnson & Johnson (NYSE:JNJ) this week reported results from a real-world evidence study of its CareAdvantage program, touting improved tray set up time and reduced surgical tray numbers with an estimated $262,000 saved annually. The data was presented at the Academic Orthopaedic Consortium’s annual meeting yesterday, the company said. “An important priority for UCSF as an […]
Report: US pressuring India to halt price caps, allow market withdrawals
The US government is pressuring India to halt the extension of price caps on medical devices and to allow businesses to withdraw their products from the market if they don’t want to sell at those rates, according to a report from The Hindu. The push came from a senior US Trade Representative, according to the […]
Nexxt Spine wins FDA nod for Nexxt Matrixx interbody, VBR devices
Nexxt Spine said today it won FDA 510(k) clearance for its Nexxt Matrixx platform of interbody and vertebral body replacement devices. The Noblesville, Ind.-based company said the Nexxt Matrixx system is composed of porous titanium devices designed with open architectural porosity, residue-free surface tech and “robust radiographic imaging performance.” “The Nexxt Matrixx system applies breakthrough […]
OrthoPediatrics sets price range on IPO, could bring in up to $64m
OrthoPediatrics yesterday priced the range on its initial public offering, looking to float 4 million shares of common stock at between $12 and $14 per share, which would bring in between $48 and $56 million. The offering also includes a 30-day underwriter’s option to purchase an additional 600,000 shares of common stock, bringing the possible […]