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Orthopedic and Dental Industry News
January 2010
Earnings Johnson & Johnson reported 4Q:09 revenues of $16.5 billion, representing a 9% increase over the year-ago period and beating estimates by $0.8 billion. DePuy reported $1.5 billion in sales, up 10% over the year-ago period, with hip up 12%,... more
We're listening. In response to your feedback on our 2009 readership survey, we're broadening the dental coverage on our blog. You can help by letting us know what you think or directing your press releases and scientific articles to Lauren... more
More than a week after Republican Scott Brown was elected to fill Ted Kennedy's seat in the Senate, healthcare reform remains stalled in Congress. Legislators have several options available to them to further the reform package, summarized below, though no... more
Jeffrey Shuren, M.D. has been named director of the CDRH. He has served as acting director since Dan Schultz resigned in August of 2009, stating at the time that he aimed to review the 510(k) pathway, establish predictable regulatory pathways... more
Earnings MEDICREA reported 4Q:09 sales of EUR 3.9 million ($5.6 million) and 2009 sales of EUR 13.1 million ($18.8 million), representing a 45% increase over 2008. The company said their sales development in the U.S. has been "successful" and a... more
A week after a catastrophic earthquake in Haiti, the orthopedic industry is mobilizing to help. Alphatec Spine, DePuy, Medtronic, Smith & Nephew and Synthes are among the companies contributing money and surgical supplies in the wake of the crisis. Synthes... more
Scott Brown, a Republican state senator, won Edward Kennedy's Senate seat last night in Massachusetts. He defeated Democratic favorite Martha Coakley, who just a few weeks ago seemed a shoo-in for the seat. Brown won by a "decisive margin" with... more
National news today is focused on the Massachusetts election for Ted Kennedy's former Senate seat. The vote pits Republican Scott Brown against state Attorney General Martha Coakley, a Democrat. The New York Times recounts how Brown, a state senator, has... more
Earnings aap Implantate reported preliminary sales of EUR 7.4 million ($10.6 million) in 4Q:09, down 4% from the year-ago period. Full year sales were up 3% to EUR 33.0 million ($47.3 million). Company highlights for the year include "optimizing its... more
Stryker Corporation pre-announced 4Q:09 revenues of $1.8 billion, up 7% over 4Q:09 as reported and 3% when excluding the effects of currency. Revenues are about $35 million above analysts' estimates. Orthopedic implant sales were $1.1 billion in 4Q:09, up 10%... more
Alphatec Holdings, Inc. (Nasdaq:ATEC), 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,... more
According to new data from HHS, Americans spent $7,681 per person on healthcare in 2008 and $2.3 trillion in total. This represents a slowdown from the prior year, with spending increasing 4.4% in 2008, down from 6% growth in 2007.... more
TranS1 Inc. pre-announced 4Q:09 revenue yesterday, stating that sales for the quarter are expected to be in the range of $6.2 to $6.3 million, off about 15% from 4Q:08 and below prior guidance of $6.7 to $7.2 million and analyst... more
Earnings Biomet reported FQ2:10 (ended November 30, 2009) revenues of $696.0 million, up 5% over the year-ago period. Recon sales increased 6% to $528.4 million, with hip up 4%, knee up 8%, dental down 8% and extremity up 27%. Additionally,... more
Over the past several years, the 510(k) pathway has repeatedly drawn criticism for being too lax. Now the more stringent PMA process is raising similar concerns following studies published in JAMA and the American Journal of Therapeutics. Both studies reviewed... more
On December 31, Anika Therapeutics announced the acquisition of Fidia Advanced Biopolymers for $17.1 million in cash and 1.9 million shares of stock, which values the deal at roughly $34.0 million. Fidia is a tissue engineering company based in Abano... more
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