Orthofix (NSDQ:OFIX) this week said it completed its acquisition of the Fitbone intramedullary lengthening system. Fitbone is designed to lengthen the femur and tibia bones. The acquisition also includes other potential applications of the technology that are in development, including FitSpine for fusion less surgery to treat scoliosis. The system is implanted in the bone […]
Precision Spine launches posterior cervical stabilization device
Precision Spine today said it has launched its Reform Posterior Occipital Cervical Thoracic System in the U.S. The Reform POCT System is a posterior spinal fixation system that enables stability in the occupy, cervical and thoracic spine during spine fusion. The system is so far indicated for DDD, spondylolisthesis, spinal stenosis, trauma (fracture or dislocation), […]
5 companies on the front lines of the coronavirus fight
Nancy Crotti, Managing Editor and Danielle Kirsh, Senior Editor Amid the stock market roller-coaster ride that began last month, medtech companies that make devices and diagnostic tests vital to fighting COVID-19 may ultimately fare better than others, but it’s hard to tell until the virus peaks and people get back to work. At midafternoon today, […]
NuVasive recalls scoliosis treatment devices
NuVasive (NSDQ:NUVA) issued an urgent field safety notice to warn users of an issue with the separation of a certain component in its Magec system model X rods. According to the safety notice, post-implant separation of an actuator end cap component was observed in the rods. Data from post-market surveillance revealed that the end cap separation […]
InVivo Therapeutics prices $7m offering
InVivo Therapeutics (NSDQ:NVIV) announced last week that it priced a public offering of common stock shares and warrants totaling approximately $7 million. The offering is set to include more than 2.5 million shares of common stock or pre-funded warrants to purchase common stock, along with standard warrants to purchase up to more than 2.5 million shares […]
Feds implicate spinal device company in $8m kickback scheme
The U.S. Attorney’s Office is suing a Massachusetts spinal device company and an associated consulting firm alleging they paid $8 million in kickbacks to induce surgeons to use the device company’s products. The lawsuit names SpineFrontier (Malden, Mass.) and consulting firm Impartial Medical Experts (IME) as well as executives of both companies in the alleged […]
Life Spine wins additional clearance for Lateral ProLift expandable system
Life Spine announced that it won additional FDA clearance to market its Lateral ProLift expandable system as it prepares to launch 20 new products in 2020. The Lateral ProLift system is designed to offer a micro-invasive solution for lateral lumbar interbody fusions, minimizing impaction, preserving end-plate integrity and maximizing indirect compression, according to the company’s […]
NuVasive prices $450m offering
NuVasive (NSDQ:NUVA) yesterday announced the pricing of a $450 million offering of convertible senior notes in a private placement. The offering consists of an aggregate principal amount of 0.375% convertible notes due in 2025. The San Diego-based spine technology company also granted initial purchasers a 13-day option to purchase up to an additional $50 million aggregate […]
Viseon closes $18m Series B
Viseon announced yesterday that it closed a Series B financing round worth $18 million to support a number of company initiatives. The Irvine, Calif.-based orthopedic spine technology company said it is earmarking the funding for ongoing product development, worldwide regulatory approvals, clinical evaluations, manufacturing scale-up and commercialization efforts. The $18 million round was co-led by […]
Orthofix plummets after hours on missed projections
Orthofix Medical (NSDQ:OFIX) shares took a hit after hours today on fourth-quarter results that missed the forecasts made by Wall Street. OFIX shares were down -14.4% at $38.51 per share after hours this evening. The Lewisville, Texas-based orthopedic device company posted profits of $11.7 million, or 60¢ per share, on sales of $121.5 million for the […]
NuVasive down despite doubled Q4 profits
NuVasive (NSDQ:NUVA) shares are down today despite fourth-quarter results that easily topped the consensus forecast and revealed more than double the profits compared to the same time last year. The San Diego-based spine technology company posted profits of $29.9 million, or 55¢ per share, on sales of $310.4 million for the three months ended Dec. 31, […]
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