Orthofix (NSDQ:OFIX) today posted fourth-quarter results that beat the overall consensus on Wall Street. The Lewisville, Texas-based orthopedic device maker reported losses of $32.8 million, or $1.65 per share, on sales of $125.1 million, for the three months ended Dec. 31, 2021. Sales were up 6.33% compared with Q4 2020. Adjusted to exclude one-time items, […]
Orthofix
Intersect ENT CEO joins Orthofix board
Orthofix (NSDQ:OFIX) announced today that Intersect ENT (NSDQ:XENT) executive Thomas A. West has joined its board of directors. Lewisville, Texas-based Orthofix named West to its board and appointed him to its Compensation and Talent Development Committee. West currently serves as President, CEO & Director of Intersect ENT, which develops drug-delivery devices for ear, nose and […]
Orthofix ticks up on Street-beating Q2 results
Orthofix (NSDQ:OFIX) posted second-quarter results today that beat the overall consensus on Wall Street. The Lewisville, Texas-based company reported profits of $2.4 million, or 12¢ per share, on sales of $121.4 million, for the three months ended June 30 for a sales growth of 65.99% compared with Q2 2020. Adjusted to exclude one-time items, earnings per […]
Orthofix launches FiberFuse Strip bone graft
Orthofix (NSDQ:OFIX) today announced that it has launched its FiberFuse Strip bone graft in the U.S. Lewisville, Texas-based Orthofix designed the FiberFuse Strip to be a preformed bone-graft strip for posterior cervical, posterior lumbar and degenerative spinal procedures. Get the full story on our sister site, Medical Design & Outsourcing.
Orthofix announces U.S. launch, first patient implant of 3D-printed spacer system
Orthofix (NSDQ:OFIX) announced today that it launched and implanted the first 3D-printed Forza Ti PLIF spacer system in the U.S. Lewisville, Texas-based Orthofix’s 3D-printed Forza Ti posterior lumbar interbody fusion (PLIF) spacer system uses the company’s Nanovate technology to comprise a titanium lumbar interbody device that allows the bone to grow into and through the […]
Orthofix launches Oscar Pro arthroplasty system
Orthofix (NSDQ:OFIX) today said it fully launched its Oscar Pro ultrasonic arthroplasty revision system in the U.S. and Europe. The ultrasonic surgical system’s creators designed it to aid in the removal of cement during complex joint revision surgeries. Oscar Pro’s new design includes an enhanced user interface to enable a more efficient surgical experience and new […]
Orthofix beats The Street in Q1 results
Orthofix (NSDQ:OFIX) posted first-quarter results today that beat the consensus forecast on Wall Street. The Lewisville, Texas-based company reported losses of -$5.8 million, or -30¢ per share, on sales of $105.6 million for the three months ended March 31, for a sales growth of 0.73% compared with Q1 2020. Adjusted to exclude one-time items, earnings per […]
Orthofix signs exclusive licensing agreement for Igea’s bone and joint stimulation devices
Orthofix (NSDQ:OFIX) today said it entered an exclusive license agreement to commercialize Igea‘s bone, cartilage and soft tissue stimulation products in the U.S. and Canada. Through the agreement, Orthofix has the rights to pursue FDA approvals and commercialization of Italy-based Igea’s platform of orthopedic products. Orthofix will market the products, which will expand its bone […]
The 10 largest orthopedic device companies in the world
Pent-up demand could make orthopedic devices a hot space in 2021. The COVID-19 pandemic was especially brutal for the orthopedic device industry. Many of the largest companies in the space saw double-digit percentage declines in revenue in 2020. Health providers delayed or canceled elective procedures to focus on the pandemic, and patients stayed away in […]
Orthofix wins FDA clearance for 3D printed TLIF spacer system
Orthofix (NSDQ:OFIX) today said it received FDA 510(k) clearance for its Forza Ti TLIF spacer system. The Forza Ti spacer is designed to optimize transforaminal lumbar interbody fusion (TLIF) procedures, according to the company. It has a titanium 3D-printed interbody with porosity and surface that allows bones to grow into and through the spacer. Interbody […]
FDA clears Orthofix 3D-printed titanium cervical spacer system
Orthofix Medical (NSDQ:OFIX) announced today that it received FDA 510(k) clearance for its Construx Mini Ti spacer system. Lewisville, Texas–based Orthofix also administered the first patient implant of the 3D-printed Construx Mini Ti system, which is designed to enhance anterior cervical discectomy and fusion (ACDF) procedures, according to a news release. The Construx Mini Ti […]