ConMed (NSDQ:CNMD) shares are off some 6% this week after the medical device company missed expectations with its 4th-quarter earnings. Utica, N.Y.-based ConMed posted a -14.6% profit decline to $6.7 million, or 24¢ per share, on sales growth of 6.8% to $204.1 million for the 3 months ended Dec. 31, compared with Q4 2015. Adjusted […]
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
Exactech deals spine biz to ChoiceSpine
Exactech (NSDQ:EXAC) said it sold off its spine business yesterday to ChoiceSpine for an undisclosed amount and plans to restructure its biologics business. “For nearly a decade, Exactech has driven innovations in spinal surgery and we are pleased to have made meaningful contributions to patient care. We are confident the transfer of these products to ChoiceSpine will […]
Ortho Kinematics raises $7.6m
Ortho Kinematics has raised $7.6 million in a new round of financing, according to an SEC filing posted this week. The Austin, Texas-based company is offering debt, warrants and other securities to be acquired through exercising warrants or options in the round, according to the filing. Money in the round has come from 67 unnamed […]
Zimmer Biomet’s Q4, 2016 numbers top estimates
Zimmer Biomet (NYSE:ZBH) topped the consensus forecasts for both its 4th-quarter and full-year 2016 results, despite a nearly -50% profit slide for the quarter. The Warsaw, Ind.-based orthopedics giant posted profits of $66.6 million, or 33¢ per share, on sales of $2.01 billion for the 3 months ended Dec. 31, for a bottom-line decline of -47.6% […]
Valeris raises $450k, looks to $3m in new equity round
Early-stage orthopedic company Valeris Medical has raised $450,000 in a new round of equity financing, aiming to raise an additional $2.6 million before closing the round, according to an SEC filing posted this week. Money in the equity and option round came from 3 unnamed sources, with a minimum investment of $25,000 required in the […]
Zimmer Biomet logs 3rd win in NexGen Flex bellwether trials
Zimmer Biomet (NYSE:ZBH) last week won its 3rd bellwether trial in the multi-district litigation brought over the NexGen Flex knee implant, after a federal jury in Illinois found against the plaintiff. The FDA in 2007 cleared the NexGen Flex implant, designed to provide more flexibility than other knee replacement devices. Beverly Goldin is 1 of thousands of product liability plaintiffs […]
Judge pares $20m verdict in doc’s patent spat with Medtronic
A federal judge in Texas reduced a $20.3 million verdict against Medtronic (NYSE:MDT) by $2.6 million this week, ruling that Dr. Mark Barry did not present sufficient evidence that the company infringed 1 of its patents overseas. The judge from the District Court for Eastern Texas upheld that the company infringed 2 device patents in the […]
Spinal disc replacement maker Axiomed raises $1m
Spinal device developer Axiomed has raised $1 million in a new round of equity financing, according to an SEC filing posted this week. The Malden, Mass.-based company produces the Freedom cervical disc and Freedom lumbar disc. The Freedom cervical and lumbar discs are designed to be one-piece total disc replacement devices which enable neck pain […]
DePuy Synthes wins FDA nod for Viper, Expedium pedicle screw systems
Johnson & Johnson (NYSE:JNJ) business DePuy Synthes said today it won FDA 510(k) clearance for its Viper and Expedium fenestrated screw systems intended to restore spinal column integrity in patients with advanced stage spinal tumors. The newly cleared screw systems are designed for use with DePuy Synthes’ Confidence high viscosity spinal cement, and can be used in […]
Roche taps Vivonoetics, Great Lakes NeuroTech for wearable respiratory assessment device
Roche (PINK:RHHBY) tapped Vivonoetics and Great Lakes NeuroTechnologies, to provide a wearable respiratory testing device to Roche’s Firefish study. The company’s study aims to evaluate drug efficacy compared to respiratory muscle function and breathing patterns in infants treated for spinal muscular atrophy. Devices traditionally used to measure breathing include masks and mouthpieces, which aren’t always practical for monitoring infants. […]
Stryker Q4 earnings take hit from recalled hip implants
Stryker’s profits decreased 2.3% year-over-year in the fourth quarter, to $510 million, amid charges related to its recalled Rejuvenate or ABG II modular metal-on-metal neck hip stems, as well as expenses related to restructuring and acquisition costs. Earnings per share were $1.34, down 2.9% year-over-year, the company reported Tuesday evening. Excluding the charges, Stryker’s profits would […]