Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
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5. DeviceTalks: 3M’s Cindy Kent on leadership, growth and inclusion in medtech
Cindy Kent is no stranger to medtech – she’s spent 20 years in healthcare, moving up the ranks and finding her way to president & GM for 3M’s infection prevention division. She spoke with MassDevice.com Publisher Brian Johnson at the DeviceTalks event in Minnesota this week about her skills as a leader, how she ended up as an ordained minister and the importance of inclusion and mentorship in the workplace. Read more
4. Titan Medical closes $6m offering
Titan Medical said today that it raised nearly $6 million in a public offering, with company insiders putting up another $166,000.
Toronto-based Titan, which is developing the Sport robot-assisted surgery platform, had said it might float up to 100 million shares, which would have fetched $11.5 million. In the event the company floated nearly 48.4 million shares at 11.5¢ (C15.0¢) apiece, for gross proceeds of almost $5.5 million (C$7.3 million). Each unit in the offering consisted of a stock share and a 5-year warrant priced at 15.3¢ (C20.0¢). Read more
3. Zimmer Biomet launches X-PSI customized total knee replacement
Zimmer Biomet said on Thursday it launched its X-PSI knee system, an X-ray-based, patient-specific surgical planning system designed for patient specific implant positioning using X-ray tech.
The X-PSI system is designed for use with all of the Warsaw, Ind.-based company’s total knee brands, and allows surgeons to use X-ray images to generate 3D anatomical models. The system is then used to view the patients’ anatomy and develop a customized 3D surgical plan, the company said. Read more
2. Smith & Nephew launches total knee for Navio robot-assisted surgery platform
Smith & Nephew said today that it’s adding a total knee arthroplasty application to the Navio handheld robot-assisted platform.
The European Union’s largest orthopedics player said the Navio system can be used with its Journey II, Legion Primary and Genesis II total knees. Smith & Nephew acquired Minnesota-based Blue Belt Technologies – Navio’s original maker – in January 2016 for $275 million. Read more
1. Bonesupport closes $57m IPO
BoneSupport said last week it closed its initial public offering, raising a total of approximately $57.1 million (SEK 500 million), not including an over-allotment option.
The Swedish company, which is developing the Cerament G injectable antibiotic-eluting bone graft substitute, said it floated approximately 17.2 million new shares at $3.40 per share (SEK 29) in the round, raising approximately $57.1 million before issue costs and $54 million (SEK 461 million) after issue costs. Read more
