Zimmer Biomet (NYSE:ZBH) wants either a judgment or a new trial after a federal jury’s $3.55 million award in a metal-on-metal hip implant case. The jury awarded the money to Lori Nicholson and her husband Willis in November for injuries sustained as a result of the M2A Magnum. In a brief filed Feb. 12, Zimmer Biomet claimed […]
Orthopedics
Former Medtronic exec to lead Zimmer Biomet spinoff
Zimmer Biomet (NYSE:ZBH) announced today that Vafa Jamali will serve as the CEO of “NewCo,” the spine and dental business spinoff that Zimmer Biomet expects to close in mid-2022. A more than 25-year medtech veteran, Jamali most recently served as chief commercial officer of Rockley Photonics. Before that, he was SVP and president of Respiratory, Gastrointestinal […]
Acuitive Technologies knotless suture anchor wins FDA clearance
Acuitive Technologies yesterday said it received FDA 510(k) clearance for its Citregen knotless suture anchor. Citrefix is designed to assist in the attachment of tissue to the bone during orthopedic surgeries, such as fixation of ligaments or tendon graft tissue repairs of the shoulder, elbow, wrist, hand, knee, ankle and foot extremities. “This FDA clearance […]
Are smart knee implants the next big thing in ortho?
Orthopedic device industry watchers think so, and Zimmer Biomet appears set to be the first out of the gate this year through a partnership with the startup Canary Medical. What do drug-eluting stents and “smart” implantable medical devices have in common? It turns out it’s a lot, at least according to Dr. Bill Hunter. The […]
Orthofix launches Fitbone limb lengthening system
Orthofix (NSDQ:OFIX) today said it launched its Fitbone intramedullary lengthening system in the U.S. and Europe. The system is designed for limb lengthening and deformity correction of the femur and tibia bones. The lengthening nail is a fully implantable system for correcting leg length and deformity discrepancies. “Orthofix is the only orthopedic company that offers a […]
DTW Podcast: Zimmer Biomet slims, Corza Medical grows in pursuit of grabbing market share
In this week’s DeviceTalks Weekly Podcast, Rich Newitter, managing director at SVB Leerink, says Zimmer Biomet’s decision to spin out its spinal and dental business will accelerate its already impressive market share grab in its core orthopedics industry. Newitter says CEO Bryan Hanson brings a tried-and-true diversification model used by companies like his former employer, […]
FDA clears NGMedical spinal implant
NGMedical this week said it received FDA clearance for its additively manufactured titanium cervical interbody Bee cage. The Bee cage is designed with a honeycomb-shaped endplate to reduce the risk of subsidence while allowing fusion in the spine. The structure allows for bony ingrowth with the reduced use of titanium to minimize the risks of […]
BREAKING: Zimmer Biomet to spin off spine and dental businesses
Zimmer Biomet (NYSE:ZBH) — one of the world’s largest orthopedic device companies — will be a bit smaller going forward. The Warsaw, Ind.–based company announced today that it will spin off its spine and dental businesses into a new, independent, publicly-traded company called NewCo. Zimmer Biomet plans to complete the transaction by mid-2022. The businesses that […]
Ortho tech company Bioventus launches IPO
Bioventus today announced the commencement of its initial public offering, selling 7.35 million shares of Class A common stock at $16–18 per share, which could fetch the company roughly $118–132 million. The shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol “BVS.” The offering will be made only by […]
DTW Podcast: CEO Johnson on entrepreneurship, upcoming MedtechColor Pitch Contest; Krum handicaps medtech Q4
In this episode of the DeviceTalks Weekly Podcast, Angelique Johnson, CEO of MEMstim, shares her “accidental entrepreneur” story and how it has enabled her the help others pursuing the same dream. Also, Johnson, co-founder of MedtechColor, an organization seeking to further the advancement of people of color in the medical device industry, details the group’s […]
Smith+Nephew, Hall of Fame Health to partner on former NFL players’ wellness
Smith+Nephew (NYSE:SNN) recently entered into a partnership to deploy its digital health portfolio to support former NFL players in need of ortho procedures. London-based Smith+Nephew’s partnership with Hall of Fame Health — announced Jan. 26 — is slated to see the latter join surgeons and facilities across the U.S. to certify certain locations as “centers of […]
