Orthofix Medical are up today on fourth-quarter results that topped the consensus forecast. The Lewisville, Texas–based company posted losses of $22.2 million in the quarter. That equals 59¢ per share on sales of $200.4 million for the three months ended Dec. 31, 2023. The company’s bottom line dipped by more than $15 million further into […]
Orthofix Medical
Orthofix announces new president of Bone Growth Therapies
Orthofix Medical (NASDAQ:OFIX) is promoting from within to fill a new business president position at the company. The Lewisville, Texax–base spine and ortho tech company announced today that it moving its Bone Growth Therapies business out from under the leadership of its Spine business. Jason Shallenberger, previously the VP of U.S. sales and marketing for […]
Orthofix partners with MRIguidance on orthopedic imaging
Orthofix Medical announced today that it agreed with MRIguidance to distribute its imaging software in the U.S. The Lewisville, Texas–based company agreed to distribute the BoneMRI software in the U.S. It also announced the successful completion of the world’s first eight cases using BoneMRI with its 7D Flash navigation system. BoneMRI creates a synthetic CT […]
Orthofix has a new CFO as Massimo Caliafiore takes over as CEO
Orthofix Medical announced that it appointed a new CFO as its newly appointed CEO takes over the corner office. The large orthopedic device maker appointed Julie Andrews as CFO as Massimo Calafiore assumes his position as CEO. Orthofix named Calafiore as its next CEO in November. However, the company had to wait until Enovis completed […]
Orthofix has positive spine stimulation tech data
Orthofix Medical today announced new data investigating pulsed electromagnetic field (PEMF) stimulation with lumbar spinal fusion. Lewisville, Texas-based Orthofix evaluated PEMF stimulation as an adjunct to lumbar spinal fusion procedures in patients at risk for pseudoarthrosis. Patients treated with the SpinalStim bone growth device demonstrated a high rate of successful fusion. They also showed significant […]
Orthofix has a new CEO
Orthofix Medical announced today that it named Massimo Calafiore as its new president and CEO. Lewisville, Texas-based Orthofix expects the appointment of Calafiore to go into effect in early 2024. He currently serves as CEO of LimaCorporate and will take over the corner office at Orthofix following the completion of Lima’s acquisition by Enovis. The […]
Orthofix launches new fixation system, first cases performed
Orthofix Medical today announced the full U.S. commercial launch and initial successful cases of its Galaxy Fixation Gemini system. Lewisville, Texas-based Orthofix’s latest Galaxy product offers stable external fixation. It comes in several sterile procedure kit configurations as a quick, off-the-shelf solution. The system treats fractures resulting from trauma in the lower and upper limbs. […]
Analysts downgrade Orthofix after the company terminates executives with cause
Orthofix today announced a slew of executive changes after terminating its CEO, CFO and chief legal officer with cause. Shares of OFIX sank nearly 25% at $14.06 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell nearly 1%. The Lewisville, Texas-based company’s […]
Orthofix launches new spine surgery navigation system
Orthofix Medical today announced the full U.S. commercial launch for its 7D Flash navigation system percutaneous module 2.0. The company also confirmed the completion of the first cases in the U.S. with the module. It provides new planning features and increased functionality for the 7D Flash navigation system for minimally invasive spine surgery. The 7D […]
Orthofix beats The Street in Q2, upping full-year guidance
Orthofix Medical posted second-quarter results this evening that beat the consensus forecast on Wall Street. It also raised its revenue and adjusted EBITDA guidance for the rest of the year, reflecting positive developments in Bone Growth Therapies and other sectors. It’s been more than eight months since Orthofix’s merger with SeaSpine. The Lewisville, Texas–based orthopedic […]
Orthofix hits 5,000 mark for Fitbone implantations
Orthofix Medical (Nasdaq:OFIX) announced today that it surpassed 5,000 device implants for its Fitbone TAA intramedullary limb-lengthening system. Lewisville, Texas-based Orthofix said the system features more than 20 years of clinical history. Over that time, the device demonstrated safety and effectiveness in limb lengthening and deformity correction in adults and children. Orthofix acquired the Fitbone […]