Spinal Stabilization Technologies today reported raising more than $11 million for its lumbar disc replacement device. San Antonio, Texas-based SST is developing the PerQdisc device to treat degenerative disc disease of the lumbar spine in adults. The device consists of two separate, inflatable chambers designed to replace the degenerated disc. After placement the inner chamber is first […]
One investor puts $2.5 million into OrthoSensor
OrthoSensor has raised $2.5 million in a new round of financing, according to a filing with the Securities and Exchange Commission. In the round, the Dania Beach, Fla.-based company offered debt, options, warrants and securities to be acquired upon the exercising of those options or warrants, according to the filing. The sale was recorded on Aug. 10 of […]
DePuy owes $8m in Acantha patent infringement case
A federal jury this week awarded more than $8 million in a patent infringement lawsuit brought by Acantha against Johnson & Johnson (NYSE:JNJ) subsidiary DePuy Synthes over an orthopedic implant assembly. Acantha accused DePuy of infringing the patent with its Vector and Zero-P VA product lines. After the patent originally issued in 2001 and was […]
Fuse + Maxim = an all-stock transaction
Fuse Medical’s (OTC: FZMD) recent purchase of Maxim Surgical was an all-stock transaction worth $3,276,488, according to a recent Securities and Exchange Commission (SEC) filing. Maxim is a spinal fusion device company and device distributor. Closed on Aug. 1, the Maxim deal was the second acquisition in the past year for Fuse, which purchased CPM Medical Consultants in […]
BoneSupport wins Canadian approval for Cerament G bone graft substitute
BoneSupport said today it won Health Canada approval for its Cerament G bone graft substitute. The Lund, Sweden-based company touted it as the first and only CE Marked gentamicin-eluting injectable ceramic bone graft substitute on the market. Bonesupport said it is currently engaged in a trial of Cerament G exploring it’s ability to improve standard-of-care management […]
Bone Index wins CMS coverage for osteoporosis diagnostic device
Finnish orthopedic device manufacturer Bone Index said it has won Medicare and Medicaid coverage for its Bindex point-of-care osteoporosis measurement device for ambulatory surgical and outpatient settings. Bindex measures the cortical bone thickness of the tibia and an algorithm calculates the density index, a parameter that estimates bone mineral density at the hip as measured with a […]
Judge tosses Zimmer Biomet hip suit over statute of limitations issues
A US District Judge for the Pennsylvania Federal Court yesterday dismissed a plaintiff’s claims of injury related to a Zimmer Biomet (NYSE:ZBH) metal-on-metal prosthetic hip because it passed the statute of limitations. Plaintiff Marilyn Adams was implanted with a Zimmer hip prosthesis in 2011, and claimed to suffer pain and complications for years after. She underwent […]
Study slams FDA’s ‘fast-track’ approval process
More than 98% of the 161 foot and ankle implants that were recalled from 2007 through 2017 were approved through the FDA’s 510(k) process, according to a new study. That left one recalled device approved via the more stringent premarket approval (PMA) process and two for which the submission procedure was not indicated. The 510(k) process allows […]
Plaintiffs in J&J DePuy Ortho Pinnacle hip bellwether seek $246m in damages
A group of plaintiffs who sued Johnson & Johnson‘s (NYSE:JNJ) DePuy Orthopaedics in a bellwether case over alleged defects associated with its Pinnacle metal-on-metal hips are looking for approximately $246.1 million in damages, according to recently released court documents. The damages come after a jury in Texas federal court ruled in favor of the plaintiffs, […]
Si-Bone touts iFuse implant coverage across 23 insurers
Si-Bone today touted that its iFuse implant system has received positive coverage policies from 23 commercial health plans. The triangular implant designed to treat the sacroiliac joint has now received published exclusive positive coverage policies from Blue Cross Blue Shield plans in Florida, Illinois, New Mexico, Oklahoma, Texas, Montana, Idaho, South Carolina, Kansas, Louisiana, Massachusetts, Minnesota, […]
Conformis posts Q2 earnings, launches 3D-printed hip system
ConforMIS (NSDQ:CFMS) last week posted second quarter earnings that missed expectations on Wall Street and announced that the first procedures had been performed using its 3D designed and printed Conformis hip system implants. In its earnings release, the Billerica, Mass.-based company posted losses of $14.1 million. or 24¢ per share, on sales of $18.9 million for […]
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