Stryker (NYSE:SYK) announced today that it extended the offering period of its cash tender offer for all shares of Wright Medical (NSDQ:WMGI). Kalamazoo, Mich.-based Stryker’s indirect, wholly-owned subsidiary, Stryker B.V., officially extended the offering period until an expiration date of 5 p.m. ET on Aug. 31, 2020 back in June. Today’s extension sets the expiration of the […]
Rosens Diversified is acquiring Collagen Solutions
Rosen’s Diversified today agreed to a deal to acquire the entire issued and to-be-issued ordinary share capital of Collagen Solutions (LON:COS). Rosen’s Diversified (RDI) is a Fairmont, Minn.-based food production, agrichemical and distribution company that is already Collagen Solutions’ largest shareholder, according to a news release. Collagen Solutions, which has a U.K. headquarters and operates out […]
FDA clears SurGenTec synthetic bone graft
SurGenTec announced today that it received FDA 510(k) clearance for its proprietary OsteoFlo NanoPutty quadphasic synthetic bone graft. Boca Raton, Fla.-based SurGenTec said in a news release that its novel OsteoFlo NanoPutty bone graft features the world’s first and only quadphasic synthetic bone graft particles with nano-surface technology for providing an “optimal resorption profile with […]
Garwood Medical raises $4M in Series C round
Garwood Medical Devices announced today that it raised $4 million in a Series C financing round to support preclinical testing for BioPrax. Buffalo, N.Y.-based Garwood Medical develops the BioPrax device for minimally invasive procedures for eliminating biofilm infections on prosthetic joints during early intervention procedures. The device received FDA breakthrough device designation in October 2019. […]
Conformis reaches second milestone in Stryker deal
Conformis (NSDQ:CFMS) announced today that it completed the second of three milestones in its license and development agreement with Stryker (NYSE:SYK). Under the agreement, Conformis is set to receive an additional $3 million from Stryker after achieving the milestone as it develops patient-specific instrumentation (PSI) for use in connection with Stryker’s knee implant offerings. “We are pleased […]
DJO launches two new Empowr orthopedic systems
DJO this week said it has launched its new Empowr Acetabular and Empowr Partial Knee systems. Both systems give surgeons a comprehensive and efficient solution for all total hip arthroplasty and unicompartmental knee arthroplasty approaches and settings, according to the company. “We are building on the proven success, deep clinical research, and differentiated design technologies […]
Centinel Spine appoints new chief financial officer
Centinel Spine this week said it appointed Varun Gandhi as chief financial officer, effective August 17. Gandhi succeeds Jeff Stello, who had served as interim chief financial officer since late 2018. Prior to his appointment, Gandhi served as senior VP of corporate finance and strategic planning and GM of international at Centinel Spine. He previously […]
Conformis names new marketing VP
Joint replacement implant maker Conformis (NSDQ:CFMS) announced that it appointed Farzin Kaghani as its new VP of U.S. marketing. Khaghani, a veteran of more than 20 years in orthopedic and medtech sales and marketing, most recently served as president at NextStep Arthropedix, but before that, he spent more than 10 years at Conformis in a number […]
Orthofix down on Street-beating Q2 results
Orthofix (NSDQ:OFIX) posted second-quarter results today that beat the consensus on Wall Street. The Lewisville, Texas-based company reported losses of -$18.4 million, or -96¢ per share, on sales of $73.1 million for the three months ended June 30, for a sales loss of -36.8% compared with Q2 2019. Adjusted to exclude one-time items, earnings per share […]
Conformis dips on Q2 losses
Conformis (NSDQ:CFMS) shares dipped today on second-quarter results that highlighted losses influenced by the ongoing COVID-19 pandemic. The Billerica, Mass.-based joint replacement implant maker posted losses of -$2.1 million, or -3¢ per share, on sales of $19.5 million for the three months ended June 30, 2020, for a 68.4% bottom-line gain on a sales decline of […]
FDA clears LifeSpine anterior lumbar spacer system
Spinal disorder treatment developer Life Spine announced that it received FDA clearance for its Plateau-A Ti anterior lumbar spacer system. Huntley, Ill.-based Life Spine’s Plateau-A Ti system can be used for anterior fusion procedures, offering multiple footprint sizes in various heights to accommodate individual anatomies and pathologies, according to a news release. The system also […]
