CoNextions announced that it won FDA 510(k) clearance for its Coronet system for the fixation of tissue to bone and tissue to tissue. The Coronet system is a tenodesis product designed to improve the soft tissue fixation strength of these types of repairs when compared to conventional suture repairs. Salt Lake City–based CoNextions developed the […]
DePuy Synthes wins CE Mark for hip replacement dual mobility system
Johnson & Johnson’s (NYSE:JNJ) DePuy Synthes announced that it won CE Mark approval for its Bi-Mentum dual mobility system for people with a higher risk of dislocation. Bi-Mentum is designed with a standard femoral head articulating within a large polyethylene liner that swivels within a metal shell, reducing the risk of dislocation, which can impact patient satisfaction […]
OrthoPediatrics launches Large Fragment Cannulated Screw System
OrthoPediatrics this week said it launched its Large Fragment Cannulated Screw System in the U.S. The screw system is designed to address trauma procedures and treat children with Slipped Capital Femoral Epiphysis. The system features screws in 2mm increments, screw thread run out in the head of the screw, dual lead threads and threaded cannulation. […]
InVivo Therapeutics prices $7m offering
InVivo Therapeutics (NSDQ:NVIV) announced last week that it priced a public offering of common stock shares and warrants totaling approximately $7 million. The offering is set to include more than 2.5 million shares of common stock or pre-funded warrants to purchase common stock, along with standard warrants to purchase up to more than 2.5 million shares […]
Feds implicate spinal device company in $8m kickback scheme
The U.S. Attorney’s Office is suing a Massachusetts spinal device company and an associated consulting firm alleging they paid $8 million in kickbacks to induce surgeons to use the device company’s products. The lawsuit names SpineFrontier (Malden, Mass.) and consulting firm Impartial Medical Experts (IME) as well as executives of both companies in the alleged […]
Alphatec posts wider-than-forecast losses in Q4 results
Alphatec (NSDQ:ATEC) this week posted fourth-quarter results that beat the revenue consensus forecast on Wall Street but missed on earnings. The Carlsbad, Calif.-based company reported losses of $17 million, or -28¢ per share, on sales of $32.4 million for the three months ended Dec. 31, 2019, for a bottom-line sales loss of -71.4% compared with Q4 […]
Life Spine wins additional clearance for Lateral ProLift expandable system
Life Spine announced that it won additional FDA clearance to market its Lateral ProLift expandable system as it prepares to launch 20 new products in 2020. The Lateral ProLift system is designed to offer a micro-invasive solution for lateral lumbar interbody fusions, minimizing impaction, preserving end-plate integrity and maximizing indirect compression, according to the company’s […]
Conformis down on mixed Q4 results
Conformis (NSDQ:CFMS) shares took a hit today on fourth-quarter results that beat the consensus forecast on earnings but came up just shy on sales. The Billerica, Mass–based orthopedic device maker posted losses of -$5.4 million, or -8¢ per share, on sales of $19.89 million for the three months ended Dec. 31, 2019, for a more than […]
Alphatec to purchase EOS Imaging
Alphatec (NSDQ:ATEC) today said it would acquire EOS Imaging for $88 million, plus debt retirement of $33.9 million. EOS Imaging develops rapid, low dose, biplanar, full-body imaging and 3D modeling capabilities. It captures a calibrated, full-body image in a standing position, offering precise measurement of anatomical angles and dimensions. “This is a monumental transaction for ATEC,” […]
NuVasive prices $450m offering
NuVasive (NSDQ:NUVA) yesterday announced the pricing of a $450 million offering of convertible senior notes in a private placement. The offering consists of an aggregate principal amount of 0.375% convertible notes due in 2025. The San Diego-based spine technology company also granted initial purchasers a 13-day option to purchase up to an additional $50 million aggregate […]
Viseon closes $18m Series B
Viseon announced yesterday that it closed a Series B financing round worth $18 million to support a number of company initiatives. The Irvine, Calif.-based orthopedic spine technology company said it is earmarking the funding for ongoing product development, worldwide regulatory approvals, clinical evaluations, manufacturing scale-up and commercialization efforts. The $18 million round was co-led by […]
