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 […]
NuVasive dips despite Street-beating Q2
NuVasive (NSDQ:NUVA) shares closed today on the downturn despite second-quarter results that beat the consensus forecast. The San Diego-based spine surgery technology developer posted losses of -$50 million, or -98¢ per share, on sales of $203.6 million for the three months ended June 30, 2020, for a bottom-line slide from profits of nearly $15 million year-over-year […]
Zimmer Biomet beats The Street in Q2 results
Zimmer Biomet (NYSE:ZBH) posted second-quarter results today that beat the consensus on Wall Street. The Warsaw, Ind.-based company report losses of -$208.2 million, or -$1.00 per share, on sales of $1.2 billion for the three months ended June 30, for a bottom-line sales loss of -37% compared with Q2 2019. Adjusted to exclude one-time items, earnings […]
The top 5 MassDevice stories of the week — July 31, 2020
The past week has seen a slew of Q2 earnings reports from medical device companies — and the picture overall hasn’t been pretty amid the COVID-19 pandemic. Still, medtech CEOs during their earnings calls said they’re starting to see some signs of hospital procedures recovering a bit even as the southern U.S. deals with a […]
Stryker dips despite Street-beating Q2
Stryker (NYSE:SYK) shares dipped slightly today despite second-quarter results that came in ahead of the consensus forecast. The Kalamazoo, Mich.-based company posted losses of -$83 million, or -22¢ per share, on sales of $2.8 billion for the three months ended June 30, 2020, for a bottom-line slide from profits of $480 million last year into the […]
Smith+Nephew misses expectations in Q2
Smith+Nephew (LON:SN) today reported Q2 results that missed the consensus forecast of analysts as the COVID-19 pandemic drove revenue down nearly 30%, to $901 million. The British orthopedics, sports medicine and wound care products company, however, also reported that it saw elective procedures resume across the U.S. and much of Europe by the time the quarter […]
Smith+Nephew launches total hip arthroplasty system
Smith+Nephew (NYSE:SNN) today said it launched its RI Hip Navigation system for total hip arthroplasty. The technology is designed to maximize accuracy and reproducibility to deliver patient-specific component alignment for surgeons when assessing individual total hip arthroplasty cases. RI Hip Navigation helps surgeons take control of a patient’s pelvic tilt, leg length and offset measurement. It […]
Aetna accuses Conformis of trying to use patient’s lawsuit to compel coverage
Joint replacement implant maker Conformis (NSDQ:CFMS) is improperly using a Colorado man’s denial of benefits lawsuit to force Aetna to cover its customized knee implants, the health insurer recently argued in a federal court filing. Billerica, Mass.-based Conformis joined John Michael Schaub of Golden, Colo., in his lawsuit against Aetna, filed in May in U.S. District Court […]
Vizient to distribute WishBone Medical’s pediatric ortho implants
WishBone Medical announced today that it entered into a national agreement with Vizient to provide orthopedic implants to pediatric patients. Warsaw, Ind.-based WishBone said in a news release that Vizient’s membership base includes more than 50% of the nation’s acute care providers, allowing WishBone’s “Just-In-Time” supply of single-use sterile kits for children with orthopedic issues […]
CoreLink launches pedicle screw system
CoreLink announced today that it launched its Tiger MIS x-tab pedicle screw system designed for the correction of the thoracolumbar spine. St. Louis-based CoreLink’s percutaneous system further expands its Tiger platform with numerous screw and rod options for treating patients with a variety of spinal pathologies with minimal tissue disruption, according to a news release. […]
Medical Alley startups achieve ‘relatively normal’ funding despite pandemic
Medical Alley Association member startups pulled in more than $256 million in funding through June, signaling a “relatively normal” first half of the year 2020 despite the COVID-19 pandemic and battered economy, according to the Minnesota-based trade group. In total, 40 companies raised $256,406,357 in the first 6 months of the year. The $1.75 million median […]
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