SeaSpine Holdings (NSDQ:SPNE) yesterday slashed its first-quarter losses by more than 20% on the way to beating the consensus forecast on Wall Street, sending share prices up today in New York. Carlsbad, Calif.-based SeaSpine posted losses of -$7.1 million, or -50¢ per share, on sales of $33.2 million for the three months ended March 31, cutting […]
SeaSpine
Orthopedic companies see mixed bag on Q4, FY2017 earnings
Orthopedic companies K2M (NSDQ:KTWO) and SeaSpine (NSDQ:SPNE) reported their fourth quarter and full year 2017 earnings, with K2M seeing a drop in share value while SeaSpine saw a mild rise. Leesburg, Va.-based K2M posted losses of $8.8 million, or 20¢ per share, on sales of $67.8 million for the 3 months ended December 31, seeing losses shrink […]
SeaSpine acquisition of NLT Spine could be worth $53m
SeaSpine (NSDQ:SPNE) said yesterday that it agreed to acquire Israeli firm NLT Spine in a deal that could wind up being worth $52.5 million. Kfar Saba, Israel-based NLT makes a line of minimally invasive spinal implants for lumbar fusion procedures that are designed to expand after implantation. The deal with Carlsbad, Calif.-based SeaSpine, which spun out of Integra […]
SeaSpine ticks up despite Q2 EPS miss
SeaSpine Holdings (NSDQ:SPNE) is trading up despite posting losses per share in its 2nd quarter that were higher than analysts on Wall Street were looking for. The Carlsbad, Calif.-based company reported losses of $12 million, or $1.07 per share, on sales of $33.2 million for the 3 months ended June 30. That amounts to a […]
University of California pays $9m to settle Medtronic InFuse suits
The regents governing the University of California reportedly agreed to pony up $8.5 million to settle a pair of lawsuits brought against a former UCLA spine surgeon who used Medtronic‘s (NYSE:MDT) controversial InFuse bone-growth protein in their back surgeries. The lawsuits filed in the Los Angeles County Superior Court accused Dr. Jeffrey Wang of failing to disclose […]
AdvaMed taps LifeScience Alley’s Mandle to lead state medtech alliance | Personnel Moves
AdvaMed said it named Shaye Mandle, CEO of Minnesota’s LifeScience Alley trade association, as chairman of its State Medical Technology Alliance. “The medical technology industry is a hallmark of U.S. innovation represented by a community of people dedicated to improving and saving lives. Now more than ever, medical technology has the opportunity to help deliver […]
Integra LifeSciences logs Q2 sales, earnings beat; SeaSpine spinout misses with prelims
Integra LifeSciences (NSDQ:IART) beat expectations for its 2nd-quarter sales and earnings, but the medical device company still lowered its outlook for the rest of the year. SeaSpine Holdings (NSDQ:SPNE), Integra’s spine business spinout, didn’t fare as well with its Q2 preliminaries, missing expectations with its top-line prediction. Integra posted profits of $5.0 million, or 15¢ per share, on sales of […]
Integra LifeSciences closes SeaSpine spinout
SeaSpine Holdings (NSDQ:SPNE) closed its spinout from Integra LifeSciences (NSDQ:IART) and began trading today on the NASDAQ exchange. Plainsboro, N.J.-based Integra revealed its plan to shed the spine business last November, saying it planned for SeaSpine to become a stand-alone, publicly traded company to focus on its surgical solutions, orthopedics and tissue technology businesses. Integra acquired Vista, […]
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Integra LifeSciences readies SeaSpine spinout
Integra LifeSciences (NSDQ:IART) is gearing up for the spinout of its spinal implant business, SeaSpine, which is slated for the 2nd half of 2015.