UPDATE: Now includes comment from CEO Adam Gridley Histogenics (NSDQ:HSGX) said today that a pivotal trial of its regenerative NeoCart knee treatment failed to meet its primary endpoint, sending its share price down some -70%. Waltham, Mass.-based Histogenics said NeoCart, which is designed to repair knee cartilage damage using cells harvested from the surface of patients’ […]
Certain polyethylene-lined hips may last longer than others
Researchers in New Zealand found that artificial hip liners made of highly-cross-linked polyethylene showed less wear 10 years after implantation than liners made of conventional ultra-high-molecular-weight polyethylene. Patients whose hip liners were made of highly cross-linked polyethylene also had a significantly lower prevalence of osteolysis and revision surgery, according to a report in Orthopedics Today. That’s because cross-linking […]
Ortho start-up Embody raises $2m
Orthopedic-focused medtech startup Embody raised $1.5 million to help support its tendon and ligament-treating products, according to a Hampton Roads Business Journal report. The round was led by 757 Angels and the Center for Innovative Technology, according to the report. Embody is using proprietary manufacturing techniques to produce advanced collagen matrices intended for use in tendon […]
FDA gives nod to Eden Spine’s Sphynx
Eden Spine’s Sphynx plating system has won FDA clearance, the company said today. Sphynx was designed to complement the company’s Giza titanium vertebral body replacement with rotatable endplates, introduced in 2012. The Giza is intended to replace and fuse a collapsed, damaged, or unstable vertebral body due to a tumor or a fracture and provides multiple […]
Stryker to acquire K2M for $1.4B
Stryker (NYSE:SYK) said today it inked a definitive agreement to acquire K2M (NSDQ:KTWO) for approximately $1.4 billion. In the deal, Kalamazoo, Mich.-based Stryker said it will pay $27.50 per share for each outstanding share of K2M, for a total of approximately $1.4 billion. The purchase price represents a 27% premium over K2M’s average closing price during the 90 […]
J&J’s DePuy Ortho on the hook for $246m in Pinnacle hip implant bellwether
Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Orthopaedics is on the hook for approximately $246.1 million in damages in a bellwether case over its allegedly defective Pinnacle metal-on-metal hip implants, according to recently released court documents. Judge Ed Kinkeade of the Texas Northern District Court entered approximately $246.1 million in final judgements for plaintiffs in the […]
Progenerative Medical closes $2m seed round
Progenerative Medical said earlier this month it closed a $1.5 million seed round to help support its Regenn Therapy product. The Regenn Therapy product is a negative-pressure technology intended for use in spine and orthopedic indications, and will be initially applied in spinal fusion procedures, Progenerative Medical said. The system is based off technology licensed from […]
First patients receive Centinel’s 3-D printed titanium spinal implants
Centinel Spine (New York) has completed the initial cases with three different implant portfolios within its FLX platform of integrated interbody and non-integrated interbody fusion devices. FLX devices are 3D-printed, all-titanium implants with a combination of solid and porous radiolucent sections designed to reduce mechanical stiffness and improve visibility, as compared to solid titanium implants. The […]
Wright Medical slides after pricing offering to back Cartiva buyout
Wright Medical (NSDQ:WMGI) shares traded down this morning after it priced an offering it plans to use to fund the $435 million buyout of Cartiva. Wright said it plans to finance the Cartiva purchase, announced yesterday morning, with an equity offering. Alpharetta, Ga.-based Cartiva makes a synthetic cartilage implant for treating arthritis in the big toe. Yesterday […]
Wright Medical puts up $435m for Cartiva
Wright Medical (NSDQ:WMGI) said today that it agreed to pay $435 million in cash to acquire Cartiva and its synthetic cartilage implant for treating arthritis in the big toe and raised its sales outlook for the rest of the year. Alpharetta, Ga.-based Cartiva won pre-market approval from the FDA for the SCI implant in July 2016 (the device won […]
‘Invisible scalpel’ wins CE Mark for Guided Therapy Systems
Guided Therapy Systems has launched its intense therapeutic ultrasound (ITU) Actisound device in the U.K. and Europe following CE Mark approval. Actisound acts like an invisible scalpel, working beneath the surface of the skin to precisely deliver small thermal ablations to tendons, ligaments, and other soft tissue to stimulate collagen growth and the regeneration of connective […]
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