Conformis (NSDQ:CFMS) shares rose slightly in after-hours trading today on third-quarter results that continued to reflect pandemic-related losses. The Billerica, Mass.-based joint replacement implant maker posted losses of -$6.18 million, or -9¢ per share, on sales of $15.98 million for the three months ended September 30, 2020, for a 28.9% bottom-line gain on a sales decline […]
Orthopedics
Stryker to complete Wright Medical acquisition on November 10
Stryker (NYSE:SYK) announced today that it has cleared all regulatory hurdles standing in the way of its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI). The Kalamazoo, Mich.–based orthopedic device giant plans to complete the tender offer at its expiration, which is scheduled to take place at 5 p.m. Eastern time on Nov. 10, 2020. The news […]
BREAKING: Stryker clears U.S. regulatory hurdle to buy Wright Medical
The Federal Trade Commission announced today that it plans to allow Stryker (NYSE:SYK) to proceed with its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI), provided that Stryker divest certain assets to Colfax (NYSE:CFX)/DJO Global. Stryker had proposed selling assets to DJO Global about two months ago as a way to allay FTC concerns that the deal would […]
DTW Podcast: Hear the future of AI, 3D, and Dx from Edwards, Stryker, Evercore, Checkable
In this week’s episode of DeviceTalks Weekly we review the Medical Design & Outsourcing’s Women in Medtech issue — bringing you insights through interviews with Katie Syzman, corporate VP and the GM of critical care at Edwards Lifesciences, Naomi Murray, Stryker’s director of advanced operations, and Patty Post, CEO of Startup Checkable Medical. Szyman […]
6 early medical devices that might make your spine tingle
Medical Design & Outsourcing has made an annual effort during “spooky season” to shed light on some early medical devices and innovations and the museums that hold them, but this year is a bit different. Last year, we visited the Earl Bakken Museum’s backroom to get a look at early medical devices. A few years ago, we […]
Stryker blows away Street EPS projections in Q3
Stryker (NYSE:SYK) announced third-quarter EPS that crushed the consensus forecast, along with revenues that topped projections. The Kalamazoo, Mich.-based orthopedic implant maker posted profits of $621 million, or $1.63 per share, on sales of $3.7 billion for the three months ended Sept. 30, 2020, for a 33.3% bottom-line gain on sales growth of 4.2%. Adjusted to […]
OrthoSensor raises $1.3M
Sensor-assisted orthopedic technology developer OrthoSensor filed an SEC Form D yesterday confirming the sale of $1.3 million in debt. Dania Beach, Fla.-based OrthoSensor made its first sale in the new notice on Oct. 9, 2020. The offering total is $2.5 million, leaving $1.2 million remaining to be sold, according to the filing. The offering, which […]
MEDX Xelerator expands startup portfolio
Israel-based medical device and digital health incubator MEDX Xelerator today announced it has added three new companies to its portfolio: Dimoveo Medical, a developer of ultrasound-based infection treatment and prevention. Swift Duct, a company working to reduce the incidence of post-endoscopic retrograde cholangial-pancreatography (ERCP) pancreatitis. Synchrony Medical, a creator of a respiratory therapy device to aid patients […]
FDA clears Tyber Medical foot and ankle plating system
Tyber Medical today said it received FDA clearance for its new line of foot and ankle plating systems. The clearance covers more than 42 different indication-specific anatomical plating families that are developed using a combination of CT scans, cadaveric labs and consultation with surgical thought leaders. Tyber Medical’s foot plating system is designed to treat […]
Acuitive Technologies wins FDA clearance for tendon interference screw system
Acuitive Technologies announced today that it received FDA 510(k) clearance for its CitreLock interference screw system. CitreLock with CitreGen material technology, a next-generation thermoset bioresorbable synthetic polymer, is designed to attach tissue during orthopedic surgeries, including the fixation of ligaments or tendon graft tissue repairs of the shoulder, elbow, wrist, hand, knee and foot extremities, […]
ReWalk gains Medicare coverage
ReWalk Robotics (NSDQ:RWLK) announced today that it received authorization from CMS as a medicare provider. Marlborough, Mass.-based ReWalk is now able to bill Medicare directly for the procurement of its ReWalk personal exoskeleton for Medicare beneficiaries, thanks to the authorization from the Centers for Medicare & Medicaid Services (CMS), according to a news release. In July, […]
