Medtronic (NYSE:MDT) lost its bid Monday to have the U.S. Supreme Court toss a decision awarding $112 million in royalties to an Indiana spine surgeon-turned-inventor. The court declined to hear a petition by Medtronic to overturn an appeals court decision that allowed the jury’s award to Dr. Rick Sasso to stand. Sasso won the royalties decision in […]
Spine
Spino Modulation vertebral body tethering device wins FDA breakthrough device designation
Spinologics’s Spino Modulation today announced that it received FDA breakthrough device designation for its MIScoli vertebral body tethering device. Spino Modulation designed the system to treat scoliosis in young adolescents. Vertebral body tethering (VBT) is a less invasive alternative to spine fusion, which is the standard of care for adolescents who need surgery to correct […]
FDA clears Medtronic patient-specific spinal rods
Medtronic (NYSE:MDT) today announced its UNiD patient-specific rods for its spinal systems won FDA clearance. The UNiD rods are made for use with the medtech giant’s CD Horizon Solera Voyager and Infinity OCT spinal systems, which can be used with the Mazor robotic system. Medtronic designed the rods to be industrially pre-bent before surgery to accurately […]
FDA clears ChoiceSpine’s Blackhawk Ti cervical spacer system
ChoiceSpine announced today that it received FDA clearance for its Blackhawk Ti cervical spacer system. Knoxville, Tenn.-based ChoiceSpine designed its Blackhawk Ti cervical spacer system with the BioBond 3D-printed titanium porous matrix and a large open graft window for bone graft containment and maximum visualization, according to a news release. Additionally, the platform consists of […]
Alphatec sales up 46% in Q1
Alphatec (Nasdaq: ATEC) posted first-quarter results yesterday that missed the earnings consensus on Wall Street and matched on revenue estimates. The Carlsbad, Calif.-based company yesterday evening reported losses of -$22.9 million, or -26¢ per share, on sales of $44.12 million for the three months ended March 31 — versus a loss of –$20.7 million, or –34¢ […]
FDA clears Life Spine’s ProLift lateral HELO fixation system
Life Spine announced today that it received FDA marketing clearance for its ProLift lateral HELO fixation system. Huntley, Ill.-based Life Spine touts the ProLift lateral HELO fixation system, an expendable lateral spacer with an integrated plating system designed for the restoration of disc height while providing additional lateral stabilization, as capable of saving time and […]
SeaSpine rises after hours on Street-beating Q1
SeaSpine (NSDQ:SPNE) shares ticked up after hours today on first-quarter results that beat the consensus forecast. The Carlsbad, Calif.-based company posted losses of -$12.7 million, or -46¢ per share, on sales of $42 million for the three months ended March 31, 2021, for a -1.3% bottom-line slide on sales growth of 16.2%. Adjusted to exclude […]
Boston Scientific, Stryker may get extension on Medicare payments
CMS has issued a proposal for the 2022 fiscal year that would potentially help big medtech companies like Boston Scientific and Stryker. Released yesterday, the proposal for the Medicare Hospital Inpatient Prospective Payment System (IPPS) and Long Term Care Hospital (LTCH) offers updated Medicare payment policies and rates for operating and capital-related costs of acute […]
The 10 largest orthopedic device companies in the world
Pent-up demand could make orthopedic devices a hot space in 2021. The COVID-19 pandemic was especially brutal for the orthopedic device industry. Many of the largest companies in the space saw double-digit percentage declines in revenue in 2020. Health providers delayed or canceled elective procedures to focus on the pandemic, and patients stayed away in […]
9 medical devices you should keep an eye out for in 2021
The medical device industry weathered the COVID-19 pandemic well — and is now set to roll out a host of innovations in 2021. Economists generally expect the U.S. to see a boom as we emerge from the pandemic and resulting recession. Medtech companies appear set to ride the wave this year, with plans to seek approval or […]
SeaSpine prices $87.8M offering
SeaSpine (NSDQ:SPNE) announced that it priced an underwritten public offering worth proceeds of approximately $87.8 million. Carlsbad, Calif.-based SeaSpine is offering 4.5 million shares of its common stock at a public offering price of $19.50 per share, leading to the $87.8 million expected in proceeds before deducting discounts, commissions and other expenses, according to a […]
