CyMedica Orthopedics said it has launched a clinical trial to evaluate the effectiveness of its E-vive muscle-strengthening device and patient engagement system in knee osteoarthritis patients. Researchers will combine the data generated by the E-vive neuromuscular electrical stimulation device with the activity and health data collected by commercially available wearable smartwatch devices to determine the effect […]
Smith & Nephew launch Conquest FN femoral neck fracture system
Smith & Nephew (NYSE:SNN) said today it launched its Conquest FN system intended to treat femoral neck fractures. The London-based company touted that the Conquest FN system is designed to address challenges associated with femoral neck fractures and provide intra-operative and post-operative reduction control. Smith & Nephew said they collaborated with FX devices to use its […]
7 companies using robot-assisted surgery to transform orthopedics
It seems as if every orthopedic device company is getting involved in robot-assisted surgery — rolling out robots to assist surgeons operating on the knee, hip, shoulder or spine. Two events in recent years especially signaled that robots were coming into their own in the space: Stryker spent $1.7 billion for Mako Surgical in order […]
Smith & Nephew closes Brainlab ortho asset buy
Smith & Nephew (NYSE:SNN) said today that it closed its acquisition of Brainlab‘s orthopedic joint reconstruction biz, which was originally announced in March. London-based Smith & Nephew that the acquisition will support its strategy as it looks to further its multi-asset digital surgery and robotic ecosystem. Brainlab’s orthopedic joint reconstruction biz produces digital workflow solutions for […]
The robots are coming to medtech: Where’s the value?
As each medtech manufacturer gears up to bring robots to surgery, they’ll need to create an outcomes-oriented value story in order to compete. Will Randall, ZS The biggest medtech headlines so far in 2019 tell a consistent story: The robots are coming. From Medtronic’s $1.6 billion acquisition of Mazor in late December to Johnson & […]
FDA slaps Orchid Orthopedic with warning letter
The FDA has issued a warning letter to Orchid Orthopedic Solutions, a major design and manufacturing outsourcer in the orthopedic medical device space, for alleged violations including unsanitary water used to clean implants. The letter, dated May 13 and released today, says the company’s facility at 23149 Commerce St., Farmington Hills, Mich. failed to adequately […]
Catalyst OrthoScience raises $13m for total shoulder replacement
Catalyst OrthoScience said today that it raised nearly $13 million for the total shoulder replacement device it developed. The $12.7 million oversubscribed Series C-1 round was led by River Cities Capital Funds, Naples, Fla.-based Catalyst said. “This funding will be instrumental in fueling rapid growth for Catalyst through increased inventory, expanded distribution and new product development,” […]
HealthpointCapital takes majority stake in CrossRoads Extremity Systems
CrossRoads Extremity Systems said today that HealthpointCapital took out a majority stake for an undisclosed amount. The New York City-based private equity firm, which specializes in musculoskeletal plays, aims to fuel rapid growth via market expansion and bolt-on acquisitions, Memphis-based CrossRoads said. The company makes a line of foot and ankle repair devices that use […]
Histogenics completes transformation into Ocugen with $7m deal for NeoCart
UPDATED May 14, 2019, with comment from Medavate. Histogenics (NSDQ:HSGX) said today that it completed another step on its transformation into clinical-stage biopharmaceutical company Ocugen, with a nearly $7 million deal to sell its NeoCart regenerative knee treatment to Medavate. The $6.5 million all-cash deal, signed May 8, will see all of the NeoCart assets pass […]
Medtronic to acquire Titan Spine
Medtronic (NYSE:MDT) said yesterday that it agreed to acquire Titan Spine for an undisclosed amount. Mequon, Wis.-based Titan Spine makes a line of titanium interbody fusion devices featuring a surfacing technology it developed to encourage the ingrowth of bone into the implants. The acquisition is slated to close during Medtronic’s fiscal first quarter ending July […]
Medtronic bails on bundled knees, to sell Responsive Orthopedics
After three years in the bundled joint replacement business, a federal policy shift is prompting Medtronic (NYSE:MDT) to put its Responsive Orthopedics business on the auction block. The May 2016 acquisition of Minneapolis-based Responsive for an undisclosed amount put Medtronic in line for a bundled joint replacement program piloted by the Centers for Medicare & Medicaid Services. […]
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