K2M (NSDQ:KTWO) said today it launched the Mojave PL 3D expandable interbody system featuring its lamellar 3D titanium technology. The Leesburg, Va.-based company features a porous structure and rough surfaces intended to support bony integration throughout the endplates of the system. K2M said the device won FDA 510(k) clearance last June. “Advancements in expandable interbody technology are […]
K2M
K2M shares up on mixed-bag Q1
Shares in K2M (NSDQ:KTWO) have risen today after the orthopedic-focused posed mixed-bag second quarter earnings that beat the Street on sales but missed on loss-per-share consensus. The Leesburg, Va.-based company posted losses of $11.4 million, or 26¢ per share, on sales of $67.9 million for the three months ended March 31, seeing losses grow 4.8% while […]
Sunrise Labs executes succession plan | Personnel Moves – April 5, 2018
Medical device and life science development group Sunrise Labs said this week that it completed its succession plan, with president Eric Soederberg acquiring the majority of shares in the company through a stock sale with founder and board chair Drew Sunstein. With the transaction, the Bedford, N.H.-based company said that it secured its planned ownership […]
K2M leads the pack with 3D printing for spine, analysts say
K2M (Nasdaq: KTWO) continues to lead the 3D printed spine device market with its new 3D printed Mojave expandable cage and its Cascadia family of 3D printed implants, according to a new equity research report out of Barclays. Leesburg, Va.–based K2M presently has a 3D printed portfolio with 10 approved products making up about 12% […]
Orthopedic companies see mixed bag on Q4, FY2017 earnings
Orthopedic companies K2M (NSDQ:KTWO) and SeaSpine (NSDQ:SPNE) reported their fourth quarter and full year 2017 earnings, with K2M seeing a drop in share value while SeaSpine saw a mild rise. Leesburg, Va.-based K2M posted losses of $8.8 million, or 20¢ per share, on sales of $67.8 million for the 3 months ended December 31, seeing losses shrink […]
5 medtech stories we missed this week: Dec. 29, 2017
From NanoVibronix’s new Indian regulatory and distribution agreement to Guided Therapeutics’s Turkish distribution deal, here are five medtech stories we missed this week but thought were still worth mentioning. 1. NanoVibronix inks deal with Indian regulatory and distribution consultant NanoVibronix announced in a Dec. 20 press release that it has signed Morulaa HealthTech as its regulatory […]
Medicrea files suit against former sales reps, K2M Spine and Kinetic Surgical
Medicrea (EPA:ALMED) is seeking a temporary restraining order against K2M Spine and Kinetic Surgical, as well as former sales representatives Chad Jackson, Thom Thomas, Lauren Brown and William Haigh, according to court documents filed last week. The company wrote that K2M is trying to play “catch-up” with Medicrea, alleging that it has poached 27% of the […]
K2M Holdings beats on Q3 earnings, misses on sales
K2M (NSDQ:KTWO) yesterday topped the earnings consensus for its third-quarter but missed expectations for sales and lowered its earnings outlook for the rest of the year. The Leesburg, Va.-based orthopedics company posted losses of -$8.5 million, or -20¢ per share, on sales of $62.7 million for the three months ended Sept. 30, widening its losses by […]
K2M acquires Cardinal Spine’s Palo Alto cervical corpectomy cage
K2M (NSDQ:KTWO) said today it acquired Cardinal Spine‘s Palo Alto cervical static corpectomy cage system desigend as a cervical vertebral body replacement device and all associated intellectual property for an undisclosed amount.. Leesburg, Va.-based K2M touted the device as the first and only static corpectomy cage to receive a cervical FDA 510(k) clearance. “We are excited to […]
K2M shares steady on Q3 prelims
K2M (NSDQ:KTWO) saw shares stay steady after releasing preliminary earnings for the 3rd quarter that were just below sales expectations on the Street. The Leesburg, Va.-based company said it expects to see revenue of $62.7 million for the quarter, lower than the $66.6 million consensus from analysts on Wall Street. K2M did not release any details […]
Analyst: Hurricanes Harvey, Irma, Maria expected to have impact on med device revenue
The combination of hurricanes Harvey, Irma and Maria are expected to have at least a net 1% impact on US med device revenue for the 3rd quarter, according to a Barclay’s note to investors from analyst Matt Taylor. The disruptions from Maria could extend their impact into the 4th quarter, according to Taylor, who said […]