RTI Surgical (NSDQ:RTIX) today released results from a study of its SImmetry sacroiliac joint fusion system, touting that it produces effective joint fixation with a reduced range of motion in the SI joint. Results from the study were published in The Spine Journal, the Alachua, Fla.-based company said. In the study, researchers compared two minimally-invasive techniques […]
RTI Surgical swings to full-year profits on Street-beating Q4 numbers
RTI Surgical (NSDQ:RTIX) put black ink into the ledger for 2017 and pared its fourth-quarter losses. The Alachua, Fla.-based surgical implant maker today posted losses of -$8.6 million, or -14¢ per share, on sales of $70.8 million for the three months ended Dec. 31, 2017, paring its losses by -27.1% on flat sales growth compared […]
RTI Surgical buys Zyga Tech and its SImmetry sacroiliac fusion device, updates 2018 outlook
RTI Surgical (NSDQ:RTIX) yesterday announced an agreement to purchase Zyga Technology and its SImmetry sacroiliac joint fusion system and today released updated guidance for 2018 and beyond. The Alachua, Fla.-based RTI surgical said that Zyga Technology has approximately 30 employees and $4 million in annual revenue, and that it plans to fund the acquisition through a combination […]
RTI Surgical reveals FDA warning letter over Map3 allograft classification
RTI Surgical (NSDQ:RTIX) today revealed a warning letter it received from the FDA related to processes used to manufacture its Map3 cellular allogeneic bone graft over issues with the regulatory classification of the product. The Alachua, Fla.-based company said it received the letter on November 9 based on an inspection of its facilities from April and […]
RTI Surgical shares rise on Q3 beat
Shares in RTI Surgical (NSDQ:RTIX) rose today after the medical device maker met expectations on Wall Street with its 3rd quarter earnings results. The Alachua, Fla.-based company posted profits of $16.6 million, or 23¢ per share, on sales of $66.7 million for the 3 months ended September 30, seeing a massive swing from the red on the […]
NASS 2017 Roundup: Zimmer Biomet launches Vitality+, Vital spinal fixation systems
Zimmer Biomet (NYSE:ZBH) today announced the launch of its Vitality+ and Vital spine fixation systems in the US following recent 510(k) clearance for pedicle preparation and screw insertion under power. The Vitality+ spinal fixation system is composed of a Vitality+ Power designed for controlled pedicle preparation and pedicle screw insertion, Vitality+ PSO designed for optimal pedicle […]
Relievant Medsystems taps ex-Cameron Health chief Hykes for CEO | Personnel Moves, Sept. 26, 2017
Relievant Medsystems said it named former Cameron Medical chief Kevin Hykes to be its new CEO, effective immediately. Hykes, who led Cameron Health to a $1.35 billion buyout in 2012 by Boston Scientific (NYSE:BSX), replaced Alex DiNello, who was named COO, Relievant said. Relievant makes the Intracept device for treating lower back pain. Hykes was most recently […]
RTI Surgical taps director for CFO, fills out roster | Personnel Moves, Sept. 19, 2017
RTI Surgical (NSDQ:RTIX) said yesterday that it’s tapping a board member to be CFO and adding a pair of medical device veterans to its executive roster. Alachua, Fla.-based RTI said it named director Jonathon Singer as its finance & administration chief effective Oct. 2, replacing Robert Jordheim. Singer, who resigned his board seat to accept […]
RTI Surgical slides Q2 earnings lowered outlook
Shares in RTI Surgical (NSDQ:RTIX) have fallen today after the medical device maker posted 2nd quarter earnings which met expectations on Wall Street, but provided lowered guidance for the rest of its fiscal year. The Alachua, Fla.-based company posted losses of $2.6 million, or 4¢ per share, on sales of $72.1 million for the 3 months […]
RTI Surgical deals cardiothoracic biz to A&E Medical for $60m
RTI Surgical (NSDQ:RTIX) said today it sold its cardiothoracic closure business to Vance Street Capital portfolio company A&E Advanced Closure systems for $60 million. Through the deal, RTI Surgical will receive an initial $54 million in cash with an additional $6 million in contingent cash consideration for its cardiothoracic closure business, which was part of its […]
RTI Surgical settles proxy war with Krensavage Partners
RTI Surgical (NSDQ:RTIX) said yesterday it settled a proxy challenge from Krensavage Partners, entering into an agreement which will increase the size of the board and added a nominee from the investor group. Mark Stolper will join the board as part of the settlement, the Alachua, Fla.-based company said. In addition, Krensavage, who owns approximately 7% of […]
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