Alphatec (NSDQ:ATEC) said it plans to cut 76 positions from a pair of French subsidiaries, in amove it expects to save between $2 million and $6 million a year.
Alphatec
Can 2nd-tier spinal companies grow in a challenging sector?
Stephen Simpson
KCI carves out TSS bedmaking biz to Getinge for $275M | Wall Street Beat
Kinetic Concepts said it’s closed the sale of its Therapeutic Support Systems business to Swedish medical device company Getinge (PINK:GETI B) for $275 million.
Alphatec global commercial ops president agrees to step down | Personnel Moves
Report: J&J set for EU OK on Synthes buyout | Wall Street Beat
European Union regulators are poised to give the OK to Johnson & Johnson‘s (NYSE:JNJ) $21.3 billion acquisition of Swiss orthopedic giant Synthes, according to Reuters.
Angeion narrows Q1 losses despite flat sales | Earnings Roundup
Angeion Corp. (NSDQ:ANGN) narrowed its 1st-quarter losses despite flat sales for the 3 months ended Jan. 31.
Although dragged down by a tough European climate, focusing on group purchasing organization and service revenues kept the company’s sales from sliding, the cardiorespiratory diagnostic systems maker said.
Philips takes another shot at Zoll over AED patents | Legal Roundup
Philips Healthcare (NYSE:PHG) plans to go another round with Zoll Medical Corp. (NSDQ:ZOLL) over automated external defibrillators, suing Zoll in Washington state over a new string of allegedly infringed patents.
Philips wants a jury to issue an injunction to keep Zoll from selling its AED Plus and AED Pro devices, as well as compensation for lost sales and legal fees.
SonoSite adds two med-tech veterans to executive team | Personnel Moves
Ultrasound company SonoSite Inc. (NSDQ:SONO) added two new med-tech veterans to its executive team this week.
On Tuesday the Bothell, Wash.-based company announced the appointment of Brian Noyes to VP of marketing for North and South America.
Volcano’s Q3 profits plunge 50 percent | Earnings Roundup
Volcano Corp. (NSDQ:VOLC) are down 4.4 percent this morning after the medical device company reported its third-quarter numbers yesterday, beating Wall Street’s expectations despite plunging profits, but lowering the top end of its sales guidance for the rest of the year.
The San Diego-based medical device maker posted profits of $2.6 million, or 5 cents per share, on sales of $85.8 million for the three months ended Sept. 30.
Alphatec resolves FDA warning letter
Alphatec Holdings Inc. (NSDQ:ATEC) said it’s resolved the issues flagged in a warning letter it got from the FDA last year.
The Carlsbad, Calif.-based firm, the holding company for Alphatec Spine, received the letter in June 2010 after the FDA inspected a plant the Golden State. The letter cited inadequate design validation, corrective and preventive and complaint review procedures at the facility.
Vision-Sciences puts Cynthia Ansari in the corner office | Personnel Moves
Endoscopic device maker Vision-Sciences Inc. (NSDQ:VSCI) announced that they had found someone to take over the corner office, naming Cynthia Ansari CEO.
Ansari steps will take over the top seat from interim CEO Warren Bielke, who has steered the company since his appointment in November, 2009, after previous CEO Ron Hadani resigned for personal reasons.