ReWalk Robotics (Nasdaq:RWLK) announced today that it successfully demonstrated proof-of-concept with its next-generation exoskeleton. The Israel-based company, which operates out of Marlborough, Massachusetts, in the U.S., incorporated AI into its latest technology. It integrated advanced sensing technologies and AI to enable autonomous decision-making in the new exoskeleton prototype. ReWalk hit this milestone as part of […]
Spine
Orthofix has a new CEO
Orthofix Medical announced today that it named Massimo Calafiore as its new president and CEO. Lewisville, Texas-based Orthofix expects the appointment of Calafiore to go into effect in early 2024. He currently serves as CEO of LimaCorporate and will take over the corner office at Orthofix following the completion of Lima’s acquisition by Enovis. The […]
Boston Scientific closes Relievant Medsystems acquisition
Boston Scientific announced today that it completed its previously announced acquisition of Relievant Medsystems. In September, Boston Scientific announced plans to acquire Relievant for an upfront cash payment of $850 million. Additional payments are contingent on sales performance over the next three years. Minneapolis-based Relievant developed and commercialized the Intracept intraosseous nerve ablation system for […]
ReWalk Robotics announces solidified Medicare coverage for personal exoskeleton
ReWalk Robotics (Nasdaq:RWLK) announced that the Centers for Medicare & Medicaid Services (CMS) finalized a rule benefitting its exoskeleton technology. Earlier this year, CMS released a proposal aiming to establish new regulatory definition of “brace.” Adding the definition of brace would expedite coverage and payment for newer technology and powered devices, according to CMS. This potentially […]
Stryker beats The Street in Q3, CEO Lobo allays GLP-1 fears
Stryker shares fell slightly this morning on third-quarter results that topped the consensus forecast. Shares of SYK dipped 1.8% at $273.22 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 1.4%. The Kalamazoo, Michigan-based company posted profits of $692 million, equaling $1.80 […]
ZimVie beats The Street in Q3, ups back end of guidance
ZimVie shares ticked up this morning on third-quarter results that topped the consensus forecast. Shares of ZIMV rose 1% at $6.80 apiece just after the market opened today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up 1.1%. The (LOCATION)-based company posted losses of $5.1 million […]
First U.S. procedure performed with ZimVie 4.5mm Mobi-C device
ZimVie announced today that the first U.S. patient received its new 4.5mm Mobi-C cervical disc. Mobi-C became the first cervical disc approved for one and two levels by the FDA in 2013. Ten years later, in August of this year, ZimVie picked up FDA approval for a smaller height for the device. The updated 4.5mm […]
J&J’s DePuy is laying off 67 workers in Colorado
Johnson & Johnson’s DePuy Spine issued a WARN letter confirming 67 layoffs at a facility in Monument, Colorado. The company issued the letter pursuant to the Worker Adjustment and Retraining Notification (WARN) Act. It decided to eliminate positions permanently at the facility located at 1101 Synthes Avenue, Monument, Colorado. DePuy’s letter said the action comes […]
ZimVie reaches 2,000-child milestone for Tether system
ZimVie announced today that more than 2,000 children have been treated with the Tether vertebral body tethering system. Tether, approved as a humanitarian device by the FDA in 2019, treats skeletally immature patients. These patients require surgical treatment to obtain and maintain correction of progressive idiopathic scoliosis. They present a major Cobb angle of 30 […]
Former Orthofix CEO and Globus Medical CEO join Alphatec board
Alphatec this week announced it appointed Dave Demski and Keith Valentine to its board. Demski is the former director and CEO of Globus Medical, which completed its merger with NuVasive in September. He was appointed as an independent director to Alphatec’s board. Valentine is the former CEO of Orthofix, and will become a special advisor […]
Alphatec plans launch of Calibrate LTX lateral expandable implant
Alphatec this week announced plans to launch the Calibrate LTX lateral expandable implant system at the 2023 NASS Annual meeting, taking place at the Los Angeles Convention Center, October 18-21. Carlsbad, California-based Alphatec designed the system to better achieve alignment goals with precise lordosis control and disc height restoration. “ATEC is uniquely dedicated to improving […]