Nexxt Spine said last week that it won 510(k) clearance from the FDA for its Nexxt Matrixx stand-alone cervical system. The anterior cervical interbody fusion system is used for the treatment of degenerative disc disease. The device will be used with the bone screw fixation provided and requires no additional fixation. Nexxt Spine said it’s […]
ZipLine Medical touts Zip incision closure studies
ZipLine Medical touted a pair of studies highlighting the positives of its noninvasive Zip surgical skin closure device as an alternative to traditional staples. The first study, by Dr. Roger Emerson of the Texas Center for Joint Replacement in Plano, compared 65 total knee arthroplasty patients treated with the Zip device with 65 subjects treated […]
Wright Medical stock dives on news of “knife fight” for sales reps, poor Cartiva sales
Shares in Wright Medical (NSDQ:WMGI) plunged 25% this morning on news of a “knife fight” with competitors over sales reps, and a $2 million lag in sales of its Cartiva arthritis treatment device. CEO Robert Palmisano told analysts late yesterday that smaller, privately owned competitors — which share the same independent distributor salesforce— are beating Wright […]
Alphatec launches SingleStep implant delivery system
Alphatec (NSDQ:ATEC) yesterday announced the commercial launch of its InVictus minimally invasive SingleStep K-wireless implant delivery system. SingleStep eliminates the requirement for K-wires in percutaneous pedicle fixation procedures and reduces potential complications that can occur with inadvertent K-wire advancement in traditional minimally invasive pedicle screw placement technique. Instead, the Alphatec system uses an all-in-one driver that […]
Have government scientists solved the artificial hips corrosion problem?
Argonne National Laboratory researchers tested metal alloys that ortho device companies have used in artificial hips for decades. Materials scientists at the U.S. Department of Energy’s Argonne National Laboratory usually test metal alloys for their ability to contain nuclear waste for millions of years. A couple of years ago, two of them decided […]
ConforMIS beats The Street with Q2 results
ConforMIS (NSDQ:CFMS) posted second-quarter 2019 results that beat the consensus on Wall Street by 1¢. The Billerica, Mass.-based company reported a loss of -$6.7 million or -11¢ per share on sales of $9.6 million for the three months ended June 30, 2019. The company halved its quarterly loss for a bottom-line gain of 48% on sales […]
ConMed beats Wall Street on Q2 earnings, raises guidance
ConMed (NSDQ:CNMD) posted second-quarter results last week that beat the consensus forecast on Wall Street and raised its outlook for the rest of the year, citing an anticipated weaker impact from foreign exchange rates. Utica, N.Y.-based ConMed reported profits of $5.7 million or $0.19 per share on sales of $238.3 million for the three months […]
Alphatec raises nearly $58m
Alphatec (NSDQ:ATEC) said last week that it succeeded in raising $57.7 million in a stock offering for its line of spine implants. The Carlsbad, Calif.-based company had said it planned to float 10.9 million shares at $4.60 apiece, for gross proceeds of $50.1 million. That number rose to $57.7 million because the flotation’s underwriters fully […]
Alphatec prices $50m offering
Alphatec (NSDQ:ATEC) today priced a stock offering worth north of $50 million for its line of spine implants. The Carlsbad, Calif.-based company said it plans to float 10.9 million shares at $4.60 apiece, for gross proceeds of $50.1 million. That number could rise to $57.7 million if the flotation’s underwriters fully exercise their over-allotment option for […]
NuVasive beats The Street with Q2 results
NuVasive (NSDQ:NUVA) posted second-quarter results this evening that beat the consensus forecast on Wall Street, and increased its guidance for adjusted earnings per share for the full year. The San Diego–based spine technology company reported profits of $15.0 million, or $0.29 per share, on sales of $292.1 million for the three months ended June 30, for […]
Zimmer Biomet fights below-market mini-tender
Zimmer Biomet (NYSE:ZBH) is advising its stockholders not to pick up a below-market mini-tender offer from TRC Capital, that firm’s latest attempt to pick up a medtech stock on the cheap. TRC is offering to buy up to 1 million ZBH shares at $115.35 apiece – 4.4% lower that their $120.60 closing price the day before […]
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