The orthopedic devices market is expected to reach nearly $50 billion this year as procedures bounce back from COVID-19, according to GlobalData. GlobalData predicts the orthopedic surgical robotics space will be even hotter this year, growing 25.6% year-over-year to $984 million. “Boosted by artificial intelligence (AI) and machine learning, new generations of orthopedic robots are […]
SeaSpine
Orthofix launches Mariner deformity pedicle screw system
Orthofix Medical (Nasdaq:OFIX) announced that it initiated the full commercial launch of its Mariner deformity pedicle screw. Lewisville, Texas-based Orthofix also announced the first patient cases with Mariner. It marks the first product launched since the merger between Orthifix and SeaSpine earlier this month. SeaSpine developed the Mariner screw system. In a news release, Orthofix […]
Orthofix, SeaSpine complete merger
Orthofix and SeaSpine today completed its previously announced merger of equals to create a global spine and orthopedics company. Under the terms of the agreement, Orthofix will merge with SeaSpine and SeaSpine will continue as the surviving company and a wholly-owned subsidiary of Orthofix. SeaSpine shares also ceased trading on the Nasdaq global market this […]
SeaSpine places 100th 7D Flash navigation system
SeaSpine Holdings (Nasdaq: SPNE) today announced the 100th worldwide placement of its 7D Flash navigation system. 7D Flash uses visible light to create a three-dimensional image for surgical navigation in just seconds. SeaSpine says the fast 3D imaging results in shorter and more efficient spinal procedures with less radiation exposure. Novel and proprietary camera-based technology […]
Orthofix, SeaSpine announce post-merger CFO
SeaSpine CFO John Bostjancic will continue as the top financial officer of the to-be-named orthopedic device giant created through a merger with Orthofix. When the two companies announced their plans to merge last month, they said that Bostjancic’s present boss, SeaSpine CEO Keith Valentine, would be CEO. “John has been a key leader of SeaSpine […]
SeaSpine launches Mariner MIS Wayfinder
SeaSpine (Nasdaq:SPNE) this week announced it launched its Mariner MIS Wayfinder system commercially. Mariner MIS Wayfinder is a one-step, k-wireless screw delivery system for pedicle screw fixation. It eliminates the reliance on traditional guidewires for percutaneous screw placement by providing a fully-integrated, surgeon-led solution that uses the company’s Mariner modular pedicle screw technology. “Thoughtful and efficient […]
Orthofix, SeaSpine plan all-stock merger to create global spine and orthopedic company
Orthofix (Nasdaq:OFIX) and SeaSpine (Nasdaq:SPNE) today announced a definitive agreement to combine companies in an all-stock merger of equals. Under the terms of the agreement, SeaSpine shareholders will receive 0.4163 shares of Orthofix common stock for each share of SeaSpine common stock owned. Once the transaction closes, Orthofix shareholders will own approximately 56.5% of the […]
SeaSpine launches WaveForm TA interbody system
SeaSpine (Nasdaq:SPNE) announced that it fully launched the WaveForm TA (TLIF articulating) interbody system. Carlsbad, California-based SeaSpine designed the WaveForm TA interbody system to deliver an interbody to the anterior portion of the disc space. The aim is to optimize sagittal alignment and endplate support. According to a news release, surgeons can use WaveForm TA […]
SeaSpine posts mixed-bag Q2 results, raises guidance for fiscal 2022
SeaSpine (NSDQ:SPNE) posted second-quarter results that beat the revenue consensus on Wall Street but missed earnings estimates. The Carlsbad, California–based spine treatment tech company reported losses of $13.9 million, or -38¢ per share, on sales of $56.3 million for the three months ended June 30, 2022, nearly triple the losses versus the same quarter a […]
SeaSpine rises on Q1 earnings, increased 2022 revenue outlook
SeaSpine (Nasdaq:SPNE) shares rose today on first-quarter results that were mixed compared to the consensus forecast. The Carlsbad, California–based spine treatment tech company posted losses of $16.6 million, or 45¢ per share, on sales of $50.7 million for the three months ended March 31, 2022, for a 30% bottom-line slide further into the red on […]
SeaSpine posts Q4 sales beat, projects 20% revenue growth in 2022
SeaSpine (Nasdaq:SPNE) this morning reported fourth-quarter results that were mixed compared to the consensus forecast. The Carlsbad, California-based company posted losses of $18.8 million, or 52¢ per share, on sales of $55.6 million for the three months ended Dec. 31, 2021, for a bottom-line slide deeper into the red on sales growth of 19.7%. SeaSpine’s […]