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 […]
7D Surgical
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 […]
MedTech 100 roundup: Slight rise for the industry
While medtech’s performance still isn’t mirroring the beginning of 2021, the industry is showing signs of life with a small improvement last week. The year’s strong start, during which MassDevice‘s MedTech 100 index notched an all-time best of 110.96 points (Feb. 15) came to an end later that month and carried over into March, with the […]
SeaSpine to buy 7D Surgical for $110M
Spine surgery tech company SeaSpine Holdings (NASDAQ: SPNE) has agreed to acquire privately-held 7D Surgical for $110 million. The planned merger, announced March 22, comes more than a year after SeaSpine entered into a strategic alliance agreement to distribute Toronto-based 7D Surgical’s flagship navigational system. 7D Surgical has developed and commercialized advanced machine-vision-based registration algorithms to […]
7D Surgical wins CE mark for image guided spinal surgery system
7D Surgical received CE mark certification for its Machine-vision Image Guided Surgery system for spinal surgery. The MvIGS system is an image-guided system that uses camera-based technology and machine-vision algorithms. The spine navigation system uses visible light to allow spine surgeons to perform spinal registration in seconds. “We are extremely excited to achieve our CE […]
20 medical device startups you need to know
The medtech industry isn’t immune from COVID-19 troubles, but exciting innovation continues. These 20 medical device startups have grabbed our attention. Tom Salemi, DeviceTalks Editorial Director and Sean Whooley, Assistant Editor A number of medical device startups continue to make waves across the space, with new technologies and eye-watering fundraising rounds highlighting some exciting prospects. […]
7D Surgical wins FDA nod for MvIGS nav system Cranial Module
Canadian medical device firm 7D Surgical said yesterday it won FDA 510(k) clearance for a Cranial Module for its Machine-vision Image Guided Surgery system. The Toronto-based company’s 7D Surgical System uses 3D optical technologies which require only natural light, as well as machine vision algorithms. The system’s navigation technology is embedded in an overhead surgical light […]
7D Surgical inks US distro deals for spinal surgery system
Canadian medical device firm 7D Surgical said today it inked exclusive US distribution deals with Surgical One and DB Surgical. Through the deal, Surgical One will cover sales of the devices in several states from the Midwest to the Gulf Coast, while DB Surgical will cover the southeast US, including Florida. “When Surgical One learned about the […]
FDA approves ReMAP’s 7D image guidance system for spine surgeries
Medical image guidance developer group ReMAP said today it won FDA approval for the 7D surgical machine-vision image guidance system, now cleared for spinal surgery. The ReMAP 07 team is a collaborative effort between Canadian medical device firm 7D Surgical, Celestica, Ryerson University and the Sunnybrook Research Institute to advance optical technologies used for their image-guided surgery […]
7D Surgical wins FDA, Health Canada nod for spinal surgical guidance system
Canadian medical device firm 7D Surgical said today it won FDA 510(k) and Health Canada clearance for its machine-vision image guided 7D Surgical navigation system designed for spinal procedures. The Toronto-based company’s surgical system uses 3D optical technologies which require only natural light, as well as machine vision algorithms. 7D Surgical touted the system as […]
