Amedica (NSDQ:AMDA) said this week that it’s rebranding as Sintx Technologies to better reflect its core silicon nitride business. The Salt Lake City-based company said it plans to change its trading symbol on the NASDAQ exchange to “SINT” in early November. “The previous name, i.e., Amedica, has transferred to CTL Medical, which is now CTL-Amedica. […]
Amedica
Amedica closes spine sale to CTL Medical
Amedica (NSDQ:AMDA) said this week it it closed its sale of its spine business to CTL Media, effective October 1. Salt Lake City, Utah-based Amedica said that in the deal, originally announced last month, CTL Medical will pay up to $10 million for all of Amedica’s commercial spine business. The move makes CTL Medical the exclusive […]
Amedica plans 510(k) submission for new cervical implant in Oct, touts Q1, Q2 prelim earnings
Amedica (NSDQ:AMDA) said today that after a 510(k) pre-submission meeting with the FDA, it is on track to submit a 510(k) application for a modified porous cervical implant next month, and announced preliminary earnings for its 1st and 2nd quarters. The company said it is entering the beta launch of its Taurus pedicle screw system which […]
Amedica shares rise on Q4 prelim release
Amedica (NSDQ:AMDA) today released preliminary 4th quarter earnings, seeing shares rise over 20%. The Salt Lake City, Utah-based company said it expects to post revenue of $3.7 million for the 4th quarter with net loss of 16¢ per share, down from net losses of 57¢ per share last year during the same quarter. For the full […]
Amedica wins Down Under nod for Valeo interbody fusion line
Amedica (NSDQ:AMDA) said today it won regulatory clearance in Australia for its Valeo product line of interbody fusion devices. The Salt Lake City, Utah.-based company’s Valeo products are made from its proprietary medical grade silicon nitride ceramic, which Amedica touts as “an ideal material for fusion” due to its nanostructured surgace, osteoconductivity, osteoinductivity, anti-microbial properties and […]
Amedica announces continued delays to annual report
Amedica (NSDQ:AMDA) today announced that it will delay the filing of its Annual Report on Form 10-K for its 2016 fiscal year for a second time. The Salt Lake City, Utah-based company said it filed a notification of late filing form on March 31, expecting to be able to file the 10-K within the 15 days […]
7 medtech stories we missed this week: March 3, 2017
Several clinical study results were published this week, while other companies reached distribution deals. Here are 7 medtech stories we missed this week but were still worth mentioning. 1. Health Canada approves Ventripoint’s complete heart analysis system for 2D ultrasounds Ventripoint Diagnostics received a license from Health Canada for its new VMS-Plus machine and the 4-chamber […]
Amedica sets the price on $4.5m round
Amedica (NSDQ:AMDA) today priced an upcoming public offering, looking to raise approximately $4.5 million in the round. The Salt Lake City, Utah-based company is looking to offer shares at 51¢, each of which include 0.45 warrants for the purchase of additional common shares. Each full warrant offered in the round is exercisable for 1 share of common […]
Amedica re-files with FDA seeking approval for ceramic spinal implant
Amedica (NSDQ:AMDA) said today that it is refiling an application with the FDA seeking approval for its cancellous-structure ceramic cervical implant. The decision comes on the heels of “encouraging results” from a study which showed rapid bone growth into porous silicon nitride, according to the Salt Lake City, Utah-based company. “We anticipate these preliminary findings […]
Amedica reduces workforce by 38%
Amedica (NSDQ:AMDA) said today it laid off approximately 38% of its workforce to lower operating expenses. The Salt Lake City, Utah-based company said the layoffs were part of a plan implemented on October 3 and completed the next day, which resulted in savings of approximately $2 million in annual cash operating expenses. The company said the […]
Amedica wins expanded FDA indication for Valeo II spinal fusion devices
Amedica (NSDQ:AMDA) said yesterday it won expanded FDA clearance for additional sizes of its Valeo II lateral lumbar interbody fusion device. The Valeo II lateral lumbar fusion device is made out of proprietary medical grade silicon nitride ceramic and includes 2nd-generation instrumentation for improved patient safety, the Salt Lake City, Utah-based company said. The device […]