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Orthopedic and Dental Industry News
February 2007
New York, NY - February 28, 2007 - HealthpointCapital, LLC announced today that it has closed its sale of Nexa Orthopedics, Inc. to Tornier, B.V. HealthpointCapital founded Nexa in 2004 to create the preeminent company in extremities surgery through a... more
Following Biomet's appointment of Jeffery Binder as CEO, Medtronic today announced their own succession plans for CEO and COO. In August, William A. Hawkins, III, will replace Arthur D. Collins, Jr. as president and CEO. Mr. Hawkins is currently Medtronic's... more
A team of European researchers has developed an innovative new method of drug delivery - the teeth. Intellidrug is a dental prosthesis fitted into two artificial molars, and it automatically releases a precise dosage of medicine on a continuous basis.... more
Biomet today announced that Jeffrey Binder has been hired as CEO. He will replace Daniel Hann, Biomet's former General Counsel and most recently its Interim CEO. Hann will stay with the company as EVP of Administration and a board member.... more
Yesterday, the FDA Advisory Panel met and recommended Corin's Cormet hip resurfacing device for approval with conditions including a post marketing approval study, surgeon training and labeling. Prior to the meeting FDA raised questions about Corin's PMA submission relating to... more
Earnings Medtronic reported 3Q:07 (ended 1/26/07) Spinal and Navigation revenue of US $629.0 million, and the Spinal segment increased 12% over 3Q:06. Growth was attributed to the Biologics product line and the CD HORIZON® LEGACY™ family of products, which includes... more
Foot & Ankle International reported in its December 2006 issue that heavy, metal devices implanted in the foot and ankle can set off security devices. The walk-through metal detector was shown to be less sensitive than a scan with a... more
Sunny San Diego hosted this year's AAOS meeting, and with more than 470 exhibitors wall-to-wall on the Convention Center floor, it was the biggest Academy yet. One of our cab drivers said, as we were driving away from the conference... more
Yesterday, TiGenix, a Belgium-based biomedical company, announced the results of their phase III multi-center randomized trial of ChondroCelect as first-line treatment for symptomatic knee cartilage defects. ChondroCelect is designed to be used in combination with autologous chondrocyte implantation (ACI) surgery... more
Earnings Tutogen announced results for first fiscal quarter ending December 31, 2006. Total revenues increased 43% to $11.5 million, compared to $8.0 million in the comparable quarter of fiscal year 2006. U.S. revenues increased 50%, and international revenues increased 27%... more
Stryker today announced the appointment of Katherine Owens as Vice President, Strategy and Investor Relations. Katherine Owens made a name for herself (formerly Katherine Martinelli) as Merrill Lynch's orthopedics analyst for the past 8 years. She has been a regular... more
Eden Prairie, MN - February 12, 2007 - Tornier announced today that it has signed a definitive agreement to acquire Nexa Orthopedics, a privately held, California based company that develops, manufactures, and markets medical devices for orthopedic and podiatric surgeons.... more
After the markets closed on Friday, Zimmer announced an agreement to acquire Endius, Inc., a Massachusetts-based spine company. Endius has developed a minimally invasive instrument kit, Atavi, and associated implants for spinal fusion. The Atavi comes as a cartridge the... more
View a list of earnings conference calls and webcasts for the publicly traded orthopedic and dental companies. more
CARLSBAD, Calif., Feb. 8 /PRNewswire-FirstCall/ -- Alphatec Holdings, Inc. (Nasdaq: ATEC), a medical device company that provides customized products and a broad suite of solutions for spinal surgery, announced today that it has named J. Patrick Johnson, M.D., M.S., to... more
Earnings Biologics Regeneration Technologies, Inc. reported 4Q:06 revenues of $19.1 million, down 5% from $20.1 million in 4Q:05. The Company reported net loss of $6.7 million, compared to a net lossn of $1.7 million for 4Q:05. Net loss per diluted... more
Orthovita announced that Joe Paiva will be appointed as Chief Business Officer. Mr. Paiva has been with the Company since 1997 holding the title of Chief Financial Officer. As Chief Business Officer, Mr. Paiva will be responsible for strategic planning,... more
This week's New England Journal of Medicine features an editorial on pay per performance, wherein Arnold M. Epstein argues that P4P has reached a tipping point. Epstein describes the progressive changes as various organizations move toward P4P, at the same... more
Today Biomet Sports Medicine announced that it is doing a deal with Marc Tec LLC to acquire access to minimally invasive sports medicine and arthroscopic technologies. Marc Tec is an affiliate of Bonutti Technologies and the deal includes over 45... more
Orthovita announced this morning that they would apply for 510(k) approval for their Cortoss® Bone Augmentation Material, scrapping a bid for PMA approval. Cortoss is not available in the U.S., but the product has a CE mark in Europe. Applied... more
Earnings Kyphon Inc. announced 4Q:06 sales totaling $112.6 million, an increase of 31% over the $85.8 million in net sales reported for the 4Q:05. Net income for 4Q:06 increased 228% to $12.2 million, or $0.26 per diluted share, compared to... more
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