Carlsmed announced today that it launched its initial public offering with the start of an IPO roadshow. The Carlsbad, California–based company launched the offering of 6.7 million shares of common stock. Underwriters have a 30-day option to purchase up to 1.005 million additional shares of common stock as well. The company expects its IPO price […]
Spine
Highridge Medical plans lumbar disc launch with activL licensing deal
Highridge Medical said it has licensed the U.S. rights of activL to launch its own activL lumbar disc. The spine tech developer said it is commencing production “imminently” to launch the product later this year. “As a pioneer in the cervical disc replacement industry with its market-leading Mobi-C cervical disc approved for one- and two-level […]
Carlsmed is going the IPO route
Carlsmed announced today that filed a registration statement with the SEC relating to a proposed initial public offering (IPO). The Carlsbad, California–based company has yet to determine the number of shares and price range for the proposed offering. It applied to list its common stock on the Nasdaq global select market under the “CARL” ticker. Carlsmed’s […]
Judge backs Medicare coverage for Lifeward Personal Exoskeleton
Lifeward (Nasdaq:LFWD) announced that an Administrative Law Judge ruled in favor of Medicare coverage for its exoskeleton technology. The ALJ ruled in favor of an appeal by a Medicare beneficiary. This ruling states that the ReWalk Personal Exoskeleton shall be covered and reimbursed by Medicare as a “reasonable and necessary” medical device that enables walking […]
Life Spine sues ex-CEO alleging misconduct, trade secret misappropriation
Life Spine announced today that it filed a lawsuit in an Illinois circuit court against its former CEO, Michael Butler. The orthopedic implant maker filed the lawsuit in the Circuit Court of Cook County, Illinois. In the suit, it alleges that Butler wrongly diverted hundreds of thousands of dollars from the company. Life Spine claims […]
Highridge Medical sells EBI bone healing division to focus on spine
Highridge Medical says it has sold its EBI bone healing division to private equity firm Avista Healthcare Partners. The deal allows Highridge Medical to focus on spine tech as a pure-play company, CEO Rebecca Whitney said in an exclusive interview ahead of the deal’s announcement. “We’re really excited about where we’re headed,” she said. “We’ve […]
Former Nevro CEO joins Zimmer Biomet as group president
Zimmer Biomet announced today that it appointed Kevin Thornal as group president, global businesses and the Americas. Thornal will report to President and CEO Ivan Tornos and join the company on July 1, 2025. His responsibilities include overseeing the Americas commercial organization. He also leads business strategy and execution for global Knee, Hip, S.E.T. and […]
Analysts downgrade Globus Medical on fears of ‘foundational cracks’
BTIG analysts have downgraded Globus Medical (NYSE:GMED) from “Buy” to “Neutral” amid fears surrounding the company’s Spine business. Ryan Zimmerman and Iseult McMahon of BTIG wrote that the company’s first-quarter performance “caught many by surprise.” The company’s quarterly results earlier this month led to a dip in stock after it reported softness in Enabling Technologies, […]
Medtronic has new Cardiovascular, CST leaders after longtime exec departs
Medtronic announced some personnel moves, including the departure of a longtime leader across multiple business units. The company first shared the news of the shifts atop certain business units in its fourth-quarter earnings report yesterday. Sean Salmon, who spent more than two decades at Medtronic, is departing. The medtech giant said in its most recent […]
Stryker wins FDA clearance for nerve ablation system
Stryker announced today that it received FDA 510(k) clearance for its OptaBlate basivertebral nerve ablation system (OptaBlate BVN). Portage, Michigan–based Stryker designed OptaBlate BVN for a targeted minimally invasive procedure. It aims to provide long-lasting vertebrogenic pain relief. Stryker says adding OptaBlate BVN to its pain portfolio expands its advanced pain therapy solutions for patients. […]
Longtime Medtronic leader is the new Lifeward CEO
Personal exoskeleton maker Lifeward (Nasdaq:LFWD) announced today that it appointed Mark Grant as its new president and CEO. Grant’s appointment goes into effect on June 2, 2025. Larry Jasinski, who earlier this year announced his intent to retire, will serve as co-CEO in an advisory capacity until the end of June to assist with the […]
