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May 20-23 - Current Concepts in Joint Replacement Spring 2012
May 23-25 - 13th EFORT Congress 2012
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Orthopedic and Dental Industry News
June 2009
Biomet pre-announced sales results on Friday for their fourth quarter and fiscal year 2009, which ended May 31, 2009. The company reported net sales of $639.0 million for FQ4:09, which represents an increase of 1% as reported and 7% when... more
We reported back in April that teriparatide, a recombinant form of parathyroid hormone marketed by Eli Lilly as Forteo, may help bones to heal following a fracture. Now a new study published in JBJS reports on an additional application for... more
Funding BioMimetic Therapeutics raised approximately $17.0 million in a rights offering that closed on Wednesday. The company offered 2,000,000 shares at $8.50 per share in May. The company plans to use the funds for general corporate purposes, including to product... more
This morning cardio giant, Boston Scientific, Inc. announced that former Zimmer Chief Executive Ray Elliott will become their new President and Chief Executive Officer. Ray Elliott is famous in our industry for having led Zimmer 10 years first as President... more
A new study published in the Archives of Internal Medicine affirmed the cost-effectiveness of total knee replacements in elderly patients, finding that the procedure cost $18,300 per quality-adjusted life year (or QALY) gained. The threshold for cost-effectiveness is usually estimated... more
In an interview with the Wall Street Journal last week, FDA Commissioner Margaret Hamburg spoke to some of the ongoing concerns about the regulatory process for medical devices, saying the agency would take a "hard look" at the CDRH. The... more
Representatives Bill Pascrell Jr. (D-NJ) and Lloyd Doggett (D-TX) introduced a bill in the House last week that would establish a U.S. joint registry. If the registry is established, the U.S. would follow Australia, England and Sweden in creating similar... more
Alphatec Holdings, Inc., the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions related to the aging spine, today... more
M&A The bankruptcy trustee for Innovative Spinal Technologies announced plans to pay creditors by selling the company's patent portfolio and other IP. The company's products include the AXIENT motion-preserving pedicle screw system; the PARAMOUNT MIS pedicle screw system; the PARAMOUNT... more
Study data presented at the Endocrine Society's annual meeting revealed an unexpected trend in patients who undergo bariatric surgery: a dramatically increased risk of fractures. In a representative sample of 97 patients, most of whom underwent a gastric banding procedure,... more
President Obama addressed the American Medical Association in Chicago on Monday to gain support for healthcare reform, while in Washington, legislators weighed details of universal coverage as well as spending cuts and new taxes that would fund the $1 trillion... more
Continued from yesterday, below is part two of our interview with Gerald Masoudi , a partner in Covington & Burling LLP's Washington, DC office and co-chair of the Food and Drug practice group. Mr. Masoudi most recently served as Chief... more
Gerald Masoudi is a partner in Covington & Burling LLP's Washington, DC office and co-chair of the Food and Drug practice group. Mr. Masoudi most recently served as Chief Counsel of the Food and Drug Administration. HealthpointCapital: Could you... more
Funding Alphatec Spine, Inc. has successfully completed a private placement of $10.0 million of shares of its common stock to one of its existing shareholders, HealthpointCapital Partners II, L.P. Alphatec plans to use the net proceeds of the private placement... more
High-profile injuries in professional athletes can draw attention to training and treatment gaps in everyday sports medicine. For example, Tiger Woods' well-publicized ACL repair may have helped encourage athletes to build leg strength to protect the knees. However, a new... more
Orthovita has received 510(k) clearance to market Cortoss Bone Augmentation Material for the treatment of vertebral compression fractures, and it's the first cement other than PMMA to be cleared for this use. The product was under review by the FDA... more
Scient'x Groupe, S.A. announced today that it has closed a combined growth credit facility with Oxford Credit Corporation and an incremental equity investment by the Company's principal shareholder, HealthpointCapital, LLC. The total credit and equity package amounts to $12.5 million.... more
The promise of hip resurfacing seems to have faded somewhat with the publication of some new studies showing that outcomes for the procedure are similar to those associated with a traditional hip replacement. Additionally, the surgery has been found to... more
Alphatec Holdings, Inc., the parent company of Alphatec Spine, Inc., a medical device company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions related to the aging spine, announced... more
Funding Active Implants raised $10.0 million in a Series C preferred stock offering. The company is developing the TriboFit Hip and NUsurface implant systems based on its polycarbonate urethane technology. In conjunction with the financing round, the company appointed Charles... more
Venture capital companies believe the dynamics and fundamentals and the medical technology industry haven't changed, even though the economic crisis is causing a revaluing of assets. Many VC-backed companies are expecting down rounds, particularly as midstage assets are revalued. These... more
Yesterday, medical device giant Medtronic, Inc. held an "analyst day" in Minneapolis for equity analysts to comb over numbers and get a hearing with management on new strategies and technologies. The key theme was innovation. Given Medtronic's multi-dimensional nature, the... more
JBJS published data from the ongoing SPORT trial in this month's edition of the journal, and, like prior results from the study, patients who undergo spine surgery fare better than patients who don't. This arm of the analysis focused on... more
In an editorial published in the New England Journal of Medicine, FDA Commissioner Margaret Hamburg and Deputy FDA Commissioner Joshua Sharfstein impart their vision of the agency as an advocate for the public health, speaking to concerns about infectious disease,... more
Teenagers sending and receiving an average of 80 text messages each day may be vulnerable to repetitive stress injuries of the thumb, according to the New York Times. As with Blackberry Thumb, compulsive texting can cause cramping, pain or numbness.... more
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