NuVasive (NSDQ:NUVA) this week announced that it appointed Matthew Harbaugh as executive VP and chief financial officer, effective immediately. Harbaugh replaces Rajesh Asarpota, who is transitioning from the company. He has more than 25 years of experience in finance, business and strategy and operations management. Harbaugh will be responsible for overseeing all financial aspects of the […]
NuVasive gains on beat-n-raise Q3 numbers
NuVasive (NSDQ:NUVA) shares are up today after the spine implant maker reported beat-and-raise third-quarter results. San Diego-based NuVasive posted profits of $11.0 million, or 21¢ per share, on sales of $290.8 million for the three months ended Sept. 30, for a bottom-line slide of -30.9% on revenue growth of 20.2%. Adjusted to exclude one-time items, earnings […]
NASS 2019 roundup: NuVasive unveils Pulse robot and more
The 34th annual North American Spine Society Meeting took place last week in Chicago where orthopedic experts and medtech companies share data, research and the latest news in orthopedics. During this year’s meeting, NuVasive unveiled its Pulse robot that will allow surgeons to perform robotic-assisted spine surgery. Other companies touted pedicle screws, lumbar fusion and vertebral fracture […]
Alphatec CEO wins lawsuit against former employer NuVasive
Alphatec (NSDQ:ATEC) chairman & CEO Patrick Miles won summary judgment in a lawsuit filed by his former employer, NuVasive (NSDQ:NUVA), over his employment contract. Miles was chief operating officer of NuVasive when he left that company in October 2017 to take the reins at Alphatec. NuVasive sued Miles a week later, claiming that he enacted […]
NuVasive launches Modulus TLIF-A porous titanium implant
NuVasive (NSDQ:NUVA) yesterday announced the commercial launch of the Modulus TLIF-A, used in the transforaminal lumbar interbody fusion procedure. The Modulus TLIF-A is an anteriorly-placed porous titanium spine implant designed to promote bone in-growth and bone on-growth. “The Modulus TLIF-A system is the perfect synergy between optimized material properties and deliverability,” Dr. Jeffrey Gum, of […]
NuVasive beats The Street with Q2 results
NuVasive (NSDQ:NUVA) posted second-quarter results this evening that beat the consensus forecast on Wall Street, and increased its guidance for adjusted earnings per share for the full year. The San Diego–based spine technology company reported profits of $15.0 million, or $0.29 per share, on sales of $292.1 million for the three months ended June 30, for […]
Ex-NuVasive CEO Lukianov gets in on Fusion Robotics
Former NuVasive (NSDQ:NUVA) CEO Alex Lukianov got in on an unspecified funding round for Fusion Robotics, which is developing a robot-assisted device for spine procedures. Boulder, Colo.-based Fusion Robotics’ device is an integration of the localization technologies of Austrian firm Interventional Systems and the navigation technology developed by Practical Navigation, also based in Boulder. Lukianov, who […]
7 companies using robot-assisted surgery to transform orthopedics
It seems as if every orthopedic device company is getting involved in robot-assisted surgery — rolling out robots to assist surgeons operating on the knee, hip, shoulder or spine. Two events in recent years especially signaled that robots were coming into their own in the space: Stryker spent $1.7 billion for Mako Surgical in order […]
NuVasive touts submission of spine registry data to CMS
NuVasive Inc. (NSDQ:NUVA) said yesterday that it submitted its SpineTrack registry quality performance data to the Centers of Medicare & Medicaid Services. The data was submitted on behalf of healthcare providers at Southern Oregon Neurosurgical & Spine Associates (SONSA) for CMS’s merit-based incentive payment system, the San Diego-based company said. As a result of the submittal, […]
Is the orthopedic device space in the midst of a robot revolution?
Stryker’s success with its Mako robot-assisted surgery platform has other orthopedic device companies hastening to enter the space. The big question is whether long-term outcomes will justify the expensive technology. More than five years after spending $1.7 billion to acquire Mako Surgical, Stryker is leading the way bringing robot-assisted surgery to the orthopedic space. The […]
NuVasive shares steady on Q1 earnings beat
Shares in NuVasive Inc. (NSDQ:NUVA) are steady in after hours trading today after the medical device maker posted first quarter 2019 earnings that beat expectations on Wall Street. The San Diego-based company posted profits of approximately $9.4 million, or 18¢ per share, on sales of $274.8 million for the three months ended March 31, seeing a […]
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