Alphatec (NSDQ:ATEC) said it’s on the hook for nearly $48 million after a California state jury found that 1 of its subsidiaries undervalued assets during an acquisition in Europe.
Orthopedics
Welcome to MassDevice's Orthopedics Hub, your resource for the latest in orthopedic news. Stay informed about the innovations and business news shaping the ortho device industry.
🦴 Narrow your focus with these categories:
Implants | Metal-on-Metal | Spine
Here are the top orthopedic device features from MassDevice and its sister publications (and scroll down to read the latest cardiology device news from MassDevice):
+ The biggest stories from AAOS 2024
+ The 10 largest orthopedic device companies in the world
+ The ZimVie Tether helps kids with scoliosis — if they can get it in time
+ Could 2023 be a boom year for orthopedic devices?
+ The top orthopedic device news out of AAOS 2023
Latest Orthopedics News
Ellipse Technologies lands FDA clearance for limb-lengthening device
Ellipse Technologies said it secured clearance from the FDA for its Precice 2 limb-lengthening system.
Irvine, Calif.-based Ellipse makes spinal and orthopedic devices. The devices are adjustable without an invasive procedure and mainly come in the form of remote-controlled implants.
Smith & Nephew may face rivals in $1.7B bid for ArthroCare
Wright Medical closes OrthoPro purchase
Wright Medical (NSDQ:WMGI) said it closed the buyout of medical device maker OrthoPro, just a week after announcing the deal.
Salt Lake City-based OrthoPro makes devices to repair the foot and ankle; the acquisition is part of Memphis, Tenn.-based Wright’s move to focus on the extremities market.
DePuy Synthes licenses LifeNet Health’s cellular allograft
Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Synthes entered a licensing deal with LifeNet Health for the bio-implant maker’s new cellular allograft.
Benvenue Medical wins 510(k) clearance for spinal device
Benvenue Medical secured 510(k) clearance from the FDA, for its Kiva VCF system to treat vertebral compression fractures.
Santa Clara, Calif.-based Benvenue Medical designs and manufactures minimally invasive spinal repair devices. The Kiva VCF is the company’s marquee product, able to treat vertebral compression fractures due to osteoporosis. The device deploys the Kiva coil and Kiva implant.
Biomet settles M2A Magnum hip implant cases
Biomet said it agreed to settle more than 1,000 lawsuits filed over its M2A Magnum hip implants and will likely exhaust the $50 million it set aside to cover the legal tab.
Smith & Nephew expands sports medicine footprint with $1.7B ArthroCare buy
Zimmer accuses Stryker, ex-sales rep of ‘Trojan Horse’ poaching scheme
Wright expands its footprint with $126M Solana Surgical, OrthoPro buys
VertiFlex lands Medicare coverage for its spinal stenosis device
VertiFlex won reimbursement coverage from the Centers for Medicare & Medicaid Services for the company’s Totalis direct decompression system for treatment of spinal stenosis.