Stryker (NYSE:SYK) posted fourth-quarter earnings this evening that beat the consensus forecast on Wall Street, but the company missed slightly on revenue. The Kalamazoo, Mich.–based orthopedic device giant — the world’s largest — reported profits of $568 million, or $1.49 per share, on sales of $4.262 billion for the three months ended Dec. 31, 2020, for […]
Orthopedics
Longeviti Neuro Solutions ClearFit implant wins FDA clearance for use in ultrasound
Longeviti Neuro Solutions today announced that it received FDA 510(k) clearance or its ClearFit implant for use in ultrasound in post-operative imaging. ClearFit’s FDA clearance allows the device to be used during ultrasound procedures, which carries the risk of radiation exposure with other current post-neurosurgical imaging modalities. “It is our hope that with this new […]
Orthospin wins FDA clearance for robotic external fixation system
OrthoSpin this week announced that it received FDA clearance for its second generation, robotic, digitally-enabled external fixation system for orthopedic treatments. The G2 system makes pre-programmed adjustments automatically without patient involvement. It allows physicians to chart patient progress and immediately adjust treatment plans as needed. “We are very excited to launch the Generation 2 OrthoSpin […]
Zimmer Biomet names chief transformation officer
Zimmer Biomet (NYSE:ZBH) recently appointed Ellie Humphrey to the newly created position of chief transformation officer, effective Jan. 19. In the new role, Humphrey will be responsible for connecting key initiatives and implementing a more integrated transformation strategy across the organization. She will report directly to Hanson. “Ellie’s extensive experience successfully connecting and overseeing global strategic […]
DJO acquires Trilliant Surgical and its foot and ankle implants
DJO announced that it acquired orthopedic foot and ankle implant maker Trilliant Surgical for an undisclosed amount. Dallas-based Colfax (NYSE:CFX) unit DJO’s acquisition is meant to support its focus on expansion into the high-growth U.S. foot and ankle market, which the company touts as a $1 billion market, according to a news release. Trilliant’s product portfolio […]
These medtech stocks performed the best in 2020
While 2020 did not go as planned for anyone, with the twists and turns came opportunities for medtech companies to power forward. Innovations came both as a result of the COVID-19 pandemic and perhaps in spite of the challenges brought on by the virus, highlighted by the increased efforts to produce vaccines and testing while […]
Smith+Nephew sees Movemedical automating inventory for its sales people
Smith+Nephew (NYSE:SNN) announced today that it has successfully introduced a new field sales operations and inventory automation system in the U.S. in partnership with Movemedical. The new system is meant to help field sales reps better manage their daily inventory operations — and better serve surgeons’ needs — boosting automation and transparency. Real-time data will […]
Locate Bio lands FDA breakthrough nod for bone infection device
Regenerative medicine company Locate Bio announced today that the FDA has granted breakthrough device designation to a bone graft/antibiotic combination designed to combat chronic bone infection, also known as osteomyelitis. Osteomyelitis is a progressive, inflammatory infection of the bone, usually caused by bacteria and is estimated to account for up to 50% of all non-trauma […]
Laura Francis to move up to CEO spot at Si-Bone
Si-Bone (NSDQ:SIBN) will promote its present CFO and COO Laura Francis into the corner office of the company, which makes the iFuse implant for treating lower back pain. Francis will become CEO once the company finds a new CFO or May 1 — whatever comes first. Present CEO Jeff Dunn will stay with the company as […]
9 lessons in crisis management from Stryker CEO Kevin Lobo
Decades of corporate leadership helped him address the challenges that 2020 wrought. The past year presented extraordinary leadership challenges for CEOs. First came the COVID-19 pandemic, then social unrest following the killing of George Floyd, and finally a contentious election that tore at the political connective tissue of the nation. The year may have been […]
Stryker acquires OrthoSensor and its knee surgery sensor tech
Stryker (NYSE:SYK) announced today that it has bought privately-held OrthoSensor and its Verasense intraoperative sensor tech that could further enhance the ortho giant’s Mako robots. The financial terms of the deal were not disclosed. Stryker officials in a news release noted that Verasense since 2011 has proved itself to be a unique knee balancing solution in […]
