Orthopedic News Roundup 20-Apr-06
BY HUYEN NGUYEN, APRIL 20, 2006
Many orthopedic companies will be reporting their 1Q:06 results in the next few weeks. The table below provides a listing of conference call dial-in numbers and webcasts for the investment community. How the overall orthopedic industry fared in the first quarter of 2006 will be clear in the next two weeks. However, so far this week DePuy has already reported its 1Q:06 (subscription required), with revenue growing 8% in constant currency--its hip revenue grew 10%, knee was up 5% and total reconstructive rose 7%. Since DePuy (Johnson & Johnson) and Stryker are always the first two orthopedic companies to report, they tend to set the pace for the rest of industry.
Also, just a reminder that Stryker Corp. will be reporting its 1Q:06 earnings results at 5:00PM EDT today; check the table below for dial-in and webcast information.
Appointment: Founded in 2002, Innovasis is a manufacturer and developer of spinal implants based in Salt Lake City, Utah. The company hired Martin Crous, Ph.D. as Vice President of Sales and Marketing. Dr. Crous was previously with Synthes and Medtronic Sofamor Danek. Smith & Nephew's Advanced Wound Management division appointed David Hoffman as Senior Vice President, Business Development & Strategic Planning. Mr. Hoffman was with Boston Scientific's Endosurgery Group for ten years.
Clinical Update: Biocoral, Inc. presented a report on a randomized, double blind, multi-center clinical trial of its lead product in hip fractures associated with bone demineralization. The Company hosted a symposium where independent monitoring agencies concluded that the company's leading product, Biocoral® provides therapeutic benefit for treatment of such fractures.
Earnings: Johnson & Johnson reported its 1Q:06 results with sales up 1.2% to $13 billion compared to 1Q:05. Excluding acquisitions related charges, net income for the quarter was $3.0 billion or a 4.5% increase from a year ago. In 1Q:06, excluding the effect of foreign currency, DePuy took in $1.0 billion or an 8% increase from 1Q:05; U.S grew 6% and international grew 2%.
Legal: In the United States District Court for the Northern District of California, Medtronic's vascular and spinal divisions filed a lawsuit against Kyphon claiming that Kyphon has violated its patents on a minimum of four patents related to balloon dilatation catheters and spinal treatment. Medtronic is seeking injunctive relief and monetary damages from Kyphon.
Mergers & Acquisitions: Integra LifeSciences Holdings Corporation is acquiring Miltex, Inc. for approximately $101 million in cash. Miltex is a provider of surgical instruments. For FY:05, Miltex generated revenue of $62 million with EBITDA of $13 million.
Product Introduction & Update: Scandius BioMedical, Inc. has launched the TriTis™ Tibial Fixation System. The TriTis™ System is intended for patients with a torn ACL. Smith & Nephew's Endoscopy division launched the Hip Positioning System; this system allows surgeon to treat the affected hip joint using arthroscopic techniques. dj Orthopedics, Inc. launched a new protective headgear intended to help reduce head trauma among soccer (aka football) players.
Product Recall: Lat week, Blackstone Medical announced that it has issued a recall of its ICON™ Modular Fixation System. The system is a spinal fusion device that includes screws, connectors and rods. The recall was due to reports of construct loosening in the early postoperative period.
Regulatory Update: Orthovita has received an FDA approval for further changes to the protocol of its CORTOSS® IDE pivotal study. The new approval allows Orthovita to reduce the number of total patients enrolled in its study and increase the randomization ratio of patients treated with CORTOSS to patients in the control group treated with an approved PMMA bone cement.
Miscellaneous: Although, OrthoSoft has not yet released its earnings, it is estimated that it will reduce its annual loss from $4.2 million to $3.2 million. If you are not listening to Stryker's conference call at 5:00PM, then check out a live surgery webcast from Methodist North Hospital, featuring a total knee replacement.
| Company |
Ticker Symbol |
Conference
Call Date/Time |
Dial-in Number /
Passcode
 - Webcast |
Replay Dial-in #
Reservation Code |
Comments
(Replay Info Only) |
| Anika Therapeutics |
ANIK |
26-Apr
9:00AM |
888-396-2384 /
617-847-8711
Passcode: 82755034 |
Webcast
|
Available for six months. |
| CryoLife |
CRY |
3-May
11:15AM |
201-689-8349
No Passcode |
877-660-6853 / 201-612-7415
Acc't No: 244, Conf. No: 200083
Webcast
|
Tel: Available through May 8
|
| dj Orthopedics |
DJO |
4-May
1:00PM |
706-634-0177
Passcode: 8175645 |
706-645-9291
Access Code: 8175645
Webcast
|
Tel: Available 48 hours after the call
Web: Archived on web |
| Encore Medical |
ENMC |
1-May
10:00AM |
Webcast |
US: 800-642-1687
OUS: 706-645-9291
Access Code: 8147817
Webcast
|
Tel: Available for one week
Web: Available for approximately 30 days |
| Exactech |
EXAC |
26-Apr
9:00AM |
US: 877-704-5385
OUS: 913-312-1303
No Passcode |
Webcast
|
Available for 90 days |
| IsoTis OrthoBiologics |
SWX:ISON |
27-Apr
10:30AM |
US/Canada: +1 866 865 5144
Europe: +41 91 610 5609
UK: +44 20 7107 0613
No Passcode
US/Canada: +1 866 416 2558
Europe: +41 91 612 4330
UK: +44 20 7108 6233
Access Code: 019#
Webcast
|
Web: Available until June 30, 2006 |
|
| Johnson & Johnson |
JNJ |
18-Apr
8:30AM |
Webcast |
US: 800-642-1687
OUS: 706-645-9291
Access Code: 7016844
Webcast
|
Tel: Available until April 20
Web: Archived on web |
| Kyphon Inc. |
KYPH |
27-Apr
5:00PM |
Webcast |
US: 888-203-1112
OUS: 719-457-0820
Access Code: 7088154
|
Tel: Available until May 18
Web: Available for a minimum of two months |
| LifeCell Corp. |
LIFC |
26-Apr
10:00AM |
US: (888) 515-2781
OUS: (719) 457-2605
No Passcode
|
(888) 203-1112 / (719) 457-0820
Access Code: 2572864
Webcast
|
Tel: Available through May 25
Web: Available for at least 90 days |
| NuVasive |
NUVA |
27-Apr
5:30PM |
US: 877-407-4018
OUS: 201-689-8471
No Passcode
|
US: 877-660-6853
OUS: 201-612-7415
Acc't No: 3055
& Access No: 199289
Webcast
|
Tel: Available until May 18, 2006
Web: Available through May 27 |
| Orthofix |
OFIX |
27-Apr
11:00AM |
US: 888-396-2386
OUS: 617-847-8712
Passcode: 32769032
Webcast
| US: 888-286-8010
OUS: 617-801-6888
Access Code: 72226907
|
Available for two weeks |
| Smith & Nephew |
SNN |
27-Apr
7:00AM |
UK/Europe: +44 (0)20 7138 0808
US: 718-354-1158
No Passcode
|
US: 718-354-1112
UK: +44 (0)20 7806 1970
Access Code: 8984710#
Webcast
|
Available until May 27 |
| Stryker Corp |
SYK |
20-Apr
5:00PM |
800-725-9961
No Passcode |
US: 800-633-8284
OUS: 402-977-9140
Access Code: 21279876
Webcast
|
Tel: Available from April 20 - 22
Web: Available for 90 days |
| Wright Medical |
WMGI |
26-Apr
4:30PM |
US: 800-289-0533
OUS: 913-981-5525
No Passcode
Webcast |
US: 888-203-1112
OUS: 719-457-0820
Access Code: 2368422
|
Tel: Available from April 26 - May 3
Web: Available for a minimum of 12 months |
| Zimmer Holdings |
ZMH |
27-Apr
8:00AM |
US: 800-406-1106
OUS: 706-634-7075
No Passcode |
US/Canada: 800-642-1687
OUS: 706-645-9291
Access Code: 7685015
Webcast
|
Tel: Available from April 27 - April 30
Web: Archived on web |
