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September 10-13 - The American Association for the Surgery of Trauma Annual Meeting

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Orthopedic and Dental Industry News Complete Archive »

Sports Medicine

Medtronic Reported to be Considering an Acquisition of Smith & Nephew BY ANDREW VAHRADIAN, JUNE 5, 2014

Medtronic is reported to be considering an acquisition of Smith & Nephew. Presently, no offer is imminent as Medtronic's bid preparations are believed to be at an early stage. The transaction would impart greater leverage to Medtronic with payor and... more

Orthocell Limited Announces IPO BY ANDREW VAHRADIAN, JUNE 2, 2014

Orthocell Limited announced its intention to list on the Australian Securities Exchange (ASX) by launching an initial public offering (IPO) process, proposing to raise $8 million by offering 20 million shares at an offer price of $0.40 a share. Orthocell... more

Johnson & Johnson Plans to Launch 30 New Medical Devices by 2016 BY ANDREW VAHRADIAN, MAY 30, 2014

In the 2013 fiscal year, Johnson & Johnson's Pharmaceutical business grew 12% on a constant currency basis, outstripping the company's Medical Device & Diagnostic (MD&D) segment, which grew at 6%. Therefore, in order to bolster growth to its MD&D unit,... more

Smith & Nephew's Proposed Acquisition of ArthroCare Approved by UK Antitrust Regulatory Authority BY ANDREW VAHRADIAN, MAY 27, 2014

Smith & Nephew's proposed acquisition of ArthroCare received "unconditional clearance" from the United Kingdom's Competition & Markets Authority, after the regulatory body concluded its Phase I procedure. Subsequent to receiving clearance from the relevant authorities in the United States and... more

Pig-derived Implants Demonstrated to Grow Human Muscle Tissue BY ANDREW VAHRADIAN, MAY 15, 2014

Researchers at the University of Pittsburgh, demonstrated that implanting thin sheets of a scaffold-like material originating from pigs, incited stem cells to regenerate new muscle tissue in human male patients with various disabling leg injuries. Human muscle possesses a moderate... more

CONMED Reported to be Considering a Sales Process BY ANDREW VAHRADIAN, APRIL 16, 2014

CONMED Corporation is reported to be exploring a sales process, and has been speculated to have already reached out to other medical device companies to assess buyout interest. This decision to consider a sale comes as the company anticipates a... more

Stryker to Acquire Berchtold Holding and Pivot Medical BY ANDREW VAHRADIAN, FEBRUARY 20, 2014

Stryker entered into definitive agreements to acquire Berchtold Holding, AG, a provider of surgical infrastructure equipment, for an enterprise value of $172 million, or 1.4x LTM revenues, and Pivot Medical, a developer of hip arthroscopy products that focus on treating... more

Integra Completes its Acquisition of Confluent Surgical BY ANDREW VAHRADIAN, JANUARY 21, 2014

Integra LifeSciences Holdings Corporation completed its acquisition of Confluent Surgical, Inc. from Covidien for $265 million or 4.1x LTM FY2012 revenues. Confluent Surgical develops dural repair, surgical sealants and adhesion barrier products which include: DuraSeal, DuraSeal Exact/Xact, VascuSeal and SprayShield.... more

Researchers Develop an Imaging Technique to Visualize the Internal Motion of Wrist Joints BY ANDREW VAHRADIAN, JANUARY 16, 2014

Researchers at the University of California, Davis, have developed a novel MRI imaging technique that produces videos of wrists in motion. The dynamic imaging technique is benefitcial to diagnosing diseased joints, which are generally rather difficult to diagnose through MRI... more

Harvard to Collaborate with Charité on Musculoskeletal Tissue Engineering BY ANDREW VAHRADIAN, OCTOBER 2, 2013

The Wyss Institute for Biologically Inspired Engineering at Harvard University has entered into a collaboration agreement with Charité - Universitätsmedizin Berlin, in order to expedite clinical translation of new materials and tissue engineering technologies for the orthopedics and connective tissue... more

Wright Medical Receives Not Approvable Decision from the FDA for its Augment Bone Graft Product BY ANDREW VAHRADIAN, AUGUST 9, 2013

Wright Medical announced that it received a not approvable letter from the FDA in response to its Pre-Market Approval (PMA) application for its Augment Bone Graft, intended for use as an alternative to autograft in hindfoot and ankle fusion procedures.... more

Smith & Nephew to Acquire Assets from Plato Grup BY ANDREW VAHRADIAN, JULY 11, 2013

Smith & Nephew announced an agreement to acquire certain assets related to the distribution of its orthopedic reconstruction, trauma and sports medicine products in Turkey, currently conducted through Plato Grup. The acquisition is being made through the local subsidiary of... more

HealthpointCapital's 2012 Sports Medicine Book of the Year: An Interview with the Author, Dr. Jordan Metzl BY JOHN MCCORMICK, JANUARY 8, 2013

As day-to-day practitioners in the orthopedic industry, you can well imagine we are reading copiously on the topic. Reflecting on what we pored through last year, we recommend this gem of a book on sports medicine by the Hospital for... more

Gel-One HA Injection Found Not to Infringe BY JOHN MCCORMICK, AUGUST 7, 2012

Last week, Hyaluronic acid (HA) manufacturer Seikagaku and its distribution partner Zimmer were determined by a U.S. federal jury not to infringe on Genzyme's Synvisc-One HA injection. more

Musculoskeletal News Roundup 17-May-12 BY LAUREN UZDIENSKI, MAY 17, 2012

aap, Corin, Mazor, TiGenix provide 1Q sales ... Regenerative Sciences raises $2M ... Regentis Biomaterials raises $10M ... Zyga raises $25M ... Axiomed receives CE mark for Freedom Cervical Disc ... Orthopaedic Implant Company launches pedicle screw system ... DOJ closes InFuse investigation ... Histogenics, Piramal announce cartilage repair data more

Clinical Roundup May 2012 BY LAUREN UZDIENSKI, MAY 10, 2012

Use of fibrin sealant QUIXIL in TKAs ... The accuracy of imaging in spine surgery ... ACL revision data from Denmark ... Ankle surgery and weight loss ... More surgeons working for hospitals more

Musculoskeletal News Roundup 12-Apr-12 BY LAUREN UZDIENSKI, APRIL 12, 2012

Biomet kicks off earnings season ... FDA approves phase I Arteriocyte study for Compartment Syndrome ... Piramal receives CE mark for BST-CarGel ... Amedica announces new biologics distribution agreements ... Advanced Biologics inks deal with GPO Premier more

Clinical Roundup April 2012 BY LAUREN UZDIENSKI, APRIL 9, 2012

Cemented vs. uncemented hip hemiarthroplasty ... Returning to running after hip resurfacing surgery ... Adipose-derived stem cells in skeletal muscle-healing in a rat model ... Cortoss IDE results in vertebroplasty ... Patterns of disc degeneration ... Are local anesthetics associated with chondrotoxicity? more

Musculoskeletal News Roundup 29-Mar-12 BY LAUREN UZDIENSKI, MARCH 29, 2012

Mazor reports earnings .... Omni Surgical raises $27M ... Relievant Medsystems raises $30M ... FDA warning letters for Lucero Medical, Orthopedic Alliance and Spinal Solutions ... Benvenue Medical launches Blazer Vertebral Augmentation System ... Aperion Biologics completes enrollment in Z-Lig ACL study ... Benvenue Medical announces enrollment of 250th patient in KAST (Kiva System) study ... Ascendx Spine inks distribution deal in Austria, Germany and Switzerland more

Clinical Roundup February 2012 BY LAUREN UZDIENSKI, FEBRUARY 27, 2012

Defining conservative treatment in VCF cases ... Obesity and large joint outcomes ... Optimizing TKR rehab ... Navigation in TKR ... A review of PRP data ... Predicting recovery of walking ability in hip fracture patients more

Study: Why Women Have More ACL Injuries BY LAUREN UZDIENSKI, FEBRUARY 16, 2012

Studies have shown that women may be up to five times more susceptible to ACL tears than men. Since that trend surfaced, researchers have been speculating as to the cause, and potential reasons included more laxity in the ligament or that women have weaker or smaller ligaments compared to men. Now a new paper suggests that geometry has more to do with the risk of ACL damage than gender. more

Musculoskeletal News Roundup 16-Feb-12 BY LAUREN UZDIENSKI, FEBRUARY 16, 2012

co.don, CNMD, DJO and Synthes report ... Baxter closes Synovis acquisition ... Amedica announces $30M debt financing, launches Valeo VBR ... Cayenne Medical raises $10M ... SNN introduces POLARCUP Dual Mobility Hip ... Medtronic seeking royalties, interest relating to NUVA patent case ... Amedica appoints CEO more

Musculoskeletal News Roundup 9-Feb-12 BY LAUREN UZDIENSKI, FEBRUARY 9, 2012

Product launches from AAOS ... Nobel Biocare announces 4Q ... Hospitals settle Medicare fraud claims over kyphoplasty billing ... Updates on the American Joint Replacement Registry ... Stryker announces inventory management system rollout more

Musculoskeletal News Roundup 19-Jan-12 BY LAUREN UZDIENSKI, JANUARY 19, 2012

ZMH acquires Synvasive Technology ... Carticept, DiFusion announce funding rounds ... KFx announces ACL study results ... MedShape launches ExoShape Soft Tissue Fastener ... VG Innovations releases VerteLoc v2.5 ... Stryker settles OP-1 charges ... Zyga Technology appoints president and CEO more

Musculoskeletal News Roundup 12-Jan-12 BY LAUREN UZDIENSKI, JANUARY 12, 2012

MAKO, NUVA, OFIX, SYK, TRNX pre-announce ... FDA clears Biomet's E1 humeral bearing and Comprehensive Segmental Revision System ... Ortho Kinematics receives 510(k) clearance ... Lanx announces 100th implantation of Durango ... Mazor receives EU patent ... SNN announces VISIONAIRE study ... Arthrex to market ThermoGenesis PRP, bone marrow concentrate product ... Pioneer Surgical promotes Daniel Webber to CEO more

Musculoskeletal News Roundup 5-Jan-12 BY LAUREN UZDIENSKI, JANUARY 5, 2012

IART pre-announces . . . China Kanghui subsidiary receives FDA clearance for hip and knee systems . . . first procedure performed with Ellipse Technologies device . . . Pioneer Surgical announces first clinical use of nanOss Bioactive 3D . . . Wright Medical launches ORTHOLOC 3Di Ankle Fracture System and the QUICKDRAW Knotless Soft Tissue Fixation System . . . Globus appoints SVP and CFO . . . Vexim appoints CEO more

Musculoskeletal News Roundup 22-Dec-11 BY LAUREN UZDIENSKI, DECEMBER 22, 2011

Biomet pre-announces . . . Oregon judge throws out SNN suture anchor ruling . . . Exactech initiates cartilage repair study . . . Spine Wave and MB Innovations announce partnership more

ACL and Meniscus Tears in Kids "Increased Dramatically" Over the Past Decade BY LAUREN UZDIENSKI, OCTOBER 24, 2011

Orthopedic surgeons from the Children's Hospital of Philadelphia presented data about pediatric knee injuries at this week's American Academy of Pediatrics annual meeting, and the results demonstrated new trends in sports medicine: pediatric ACL and meniscal tears have "increased dramatically" over the prior twelve years. Notably, tibial spine fractures, or the bone where the ACL attaches, remained flat over the same time period, indicating a shift in injury patterns. more

Musculoskeletal News Roundup 13-Oct-11 BY LAUREN UZDIENSKI, OCTOBER 13, 2011

aap Implantate pre-announces 3Q:11 ... ISTO receives CE mark for InQu ... Biomet celebrates 35th anniversary of the Oxford partial knee ... TiGenix announces Finnish distribution for ChondroCelect more

Musculoskeletal News Roundup 4-Aug-11 BY LAUREN UZDIENSKI, AUGUST 4, 2011

ATEC, ANIK, ARTC, BMTI, EXAC, SNN, SMA announce earnings . . . Ellipse Technologies announces series C round . . . CMS announces IPPS final rule . . . KFx Medical sues Arthrex . . . Tornier initiates IDE study more

Musculoskeletal News Roundup 30-Jun-11 BY LAUREN UZDIENSKI, JUNE 30, 2011

Stryker completes Orthovita tender offer . . . ConforMIS to raise $68M . . . FDA clears Corin's highly cross-linked polyethylene liners and large diameter CoCr and BIOLOX Delta Ceramic heads . . . Aesculap launches Hydrolift Vertebral Body Replacement System . . . Cayenne Medical debuts the CrossFix II Meniscal Repair System . . . Mesoblast receives FDA clearance to begin phase II DDD study more

Musculoskeletal News Roundup 9-Jun-11 BY LAUREN UZDIENSKI, JUNE 9, 2011

Brainlab to acquire Voyant Health . . . FDA clears ARTC's Spartan 6.5 Needled Anchor . . . Mazor Robotics launches next-gen Renaissance system . . . DFINE comments on VCF study results . . . Senators request investigation of PODs . . . Arteriocyte announces army stem-cell research project more

Musculoskeletal News Roundup 7-Apr-11 BY LAUREN UZDIENSKI, APRIL 7, 2011

aap, Medicrea report 1Q sales . . . Orthopaedic Synergy to raise $9.5M . . . FDA clears ATEC's Solus . . . Titan Spine receives CE mark for Endoskeleton lumbar devices . . . Emerge Medical introduces trauma line . . . Life Spine holds surgeon training . . . Mazor announces 2,000th procedure . . . CareFusion's COO resigns more

Musculoskeletal News Roundup 24-Mar-11 BY LAUREN UZDIENSKI, MARCH 24, 2011

China Kanghui reports earnings, announces acquisition . . . FlexFix to acquire assets from Novalign . . . Newly-formed Rachiotek to acquire Applied Spine Technologies . . . Core Essence raises $11.5M . . . LDR submits PMA for two-level Mobi-C . . . FDA clears TSON's AxiaLIF 1L+ . . . FDA approves Seikagaku's single-injection HA . . . Pioneer Surgical launches the the Streamline TL Spinal Fixation System . . . Spinal Kinetics announces 10,000th implantation of M6 Disc . . . Medtronic of Canada releases data from study on kyphoplasty in cancer patients . . . Zimmer signs Department of Defense contract more

Musculoskeletal News Roundup 17-Feb-11 BY LAUREN UZDIENSKI, FEBRUARY 17, 2011

ARTC, DJO, GENZ, OFIX and Synthes report earnings . . . Sonoma raises $22 million . . . Anika provides FDA update . . . AAOS product launches . . . Medtronic announces kyphoplasty data more

Musculoskeletal News Roundup 14-Oct-10 BY LAUREN UZDIENSKI, OCTOBER 14, 2010

Biomet announces FQ1:11 . . . Core Essence Orthopaedics raises $1.5M . . . Medical Tracking Solutions launches iTraycer . . . 1,000th Zimmer Natural Nail Cephalomedullary Nail implanted . . . Vertiflex enrolls 200 patients in its Superion IDE study . . . Pioneer Surgical to manufacture and distribute SpineSmith's Cequence anterior cervical plate . . . Cardo Medical seeks capital . . . Pioneer Surgical to open manufacturing and distribution facility in Scotland more

Musculoskeletal News Roundup 23-Sept-10 BY LAUREN UZDIENSKI, SEPTEMBER 23, 2010

M&A Amedica acquired US Spine for an undisclosed amount. The target company manufactures a range of fusion products as well as the Facet Fixation System, which features the Facet Gun to lock the facet joint. Amedica says that with the... more

Ortho Gets a TED Talk BY JOHN MCCORMICK, JULY 26, 2010

Watching TED talks on iTunes - or an iPad for that matter - is the futurist's equivalent of a basketball fan's immersion into March Madness. TED, which stands for Technology, Entertainment, Design is a non-profit organization devoted to spreading forward-thinking... more

Musculoskeletal News Roundup 27-May-10 BY LAUREN UZDIENSKI, MAY 27, 2010

Medtronic announces FQ4 . . . Exactech acquires Brighton Partners, supplier of Optetrak knee material . . . VentureMD closes funding round . . . KFx cleared to market AppianFx knee products . . . X-spine receives FDA clearance for Fixcet Spinal Facet Screw System . . . Applied Spine awarded patents . . . DFine, Vertos release clinical data . . . curasan collaborates with Matricel on bone graft substitute . . . SpineGuard appoints Alan Olsen Chairman of the Board more

Musculoskeletal News Roundup 8-Apr-10 BY LAUREN UZDIENSKI, APRIL 7, 2010

Earnings RSB Spine announced that 1Q:10 sales increased 25% over 4Q09. M&A Stryker closed its acquisition of assets related to Synergetics' Sonopet/Omni product line, an ultrasonic aspirator that has applications in neurosurgery. Synergetics will receive $2.5 to $3.0 million in... more

Musculoskeletal News Roundup: AAOS Edition BY LAUREN UZDIENSKI, MARCH 11, 2010

OR_small.jpg The latest news from AAOS! VITA and MAKO report 4Q09 . . . ETEX receives 510(k) . . . DePuy, Integra, Medtronic, Smith & Nephew and more announce product launches . . . SEC Drops Wright Medical Investigation . . . BioMimetic Therapeutics shares study results . . . Long-term use of bisphosphonates may increase fracture risk . . . NeoStem wins research grant more

Orthopedics in China and the U.S.: An Interview with HealthpointCapital's Chinese Research Scholar BY JOHN MCCORMICK, FEBRUARY 8, 2010

Starting in October 2009, HealthpointCapital initiated a one-year Research Scholarship at the Hospital for Special Surgery (HSS) for a select oprthopedic surgeon from China. This month, we checked in with our Research Scholar, Dr. Xiaodong Ju, to see how he... more

Musculoskeletal News Roundup 14-Jan-10 BY LAUREN UZDIENSKI, JANUARY 14, 2010

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

Musculoskeletal News Roundup 31-Dec-09 BY LAUREN UZDIENSKI, DECEMBER 31, 2009

Legislation The Senate voted 60-39 last week to pass the chamber's healthcare reform legislation. Included in the legislation is a change to the timeline of the medical device tax: the tax will be implemented in 2011, later than the original... more

Biomet Acquires Cartilix BY LAUREN UZDIENSKI, OCTOBER 20, 2009

Biomet has acquired the assets of Cartilix for an undisclosed sum. The target company is developing ChonDux, a new technology that uses a biological adhesive and hydrogel to fill lesions in the articular cartilage. Previous investors in the company include... more

Musculoskeletal News Roundup 15-Oct-09 BY LAUREN UZDIENSKI, OCTOBER 15, 2009

Earnings Biomet reported FQ1:10 revenues of $630.0 million, a 7% increase over the year-ago period. Excluding dental, recon sales increased by 9%, with knee up 10%, hip up 6% and extremity up 23%. Dental decreased by 5%. All rates exclude... more

Musculoskeletal News Roundup 24-Sept-09 BY LAUREN UZDIENSKI, SEPTEMBER 24, 2009

Funding MedShape Solutions closed a $10 million round of equity funding from unnamed private investors. The company will use the funds to develop its portfolio of PEEK-based shape-memory devices. An Indianapolis foundation granted $7.0 million for the creation of OrthoWorx,... more

Musculoskeletal News Roundup 17-Sept-09 BY LAUREN UZDIENSKI, SEPTEMBER 17, 2009

M&A Integra LifeSciences acquired the assets of Innovative Spinal Technologies, Inc. (IST) for $9.25 million in cash. Last year the company recorded $2.2 million in revenues, though they ceased operations in January and went into liquidation in May. This transaction... more

Musculoskeletal News Roundup 10-Sept-09 BY LAUREN UZDIENSKI, SEPTEMBER 10, 2009

M&A Kapstone Medical acquired exclusive rights to Spherofix's screw-locking technology, which the company plans to incorporate into a line of spinal implants. Terms of the deal were not disclosed. Regulatory Covidien received FDA approval to market its DuraSeal spine sealant,... more

Muscloskeletal News Roundup 16-Jul-09 BY LAUREN UZDIENSKI, JULY 16, 2009

Earnings Biomet reported FQ4:09 sales of $639.3 million, representing a 7% increase over the year-ago period. Among segments, hip increased 9%; knee increased 11%; extremity increased 18%; dental decreased 13%; fixation increased 5%; and spine increase 18%. All growth rates... more

Musculoskeletal News Roundup 9-Jul-09 BY LAUREN UZDIENSKI, JULY 9, 2009

Earnings Exactech announced that 2Q:09 revenues would be approximately $43.0 million, below earlier guidance and analyst expectations of approximately $45.0 million. The range for full-year 2009 revenue guidance has also been lowered to $167-$173 million. The company attributed 2Q's sales... more

Musculoskeletal News Roundup 25-Jun-09 BY LAUREN UZDIENSKI, JUNE 25, 2009

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

For Athletes, Stronger Knees May Leave Hips Exposed BY LAUREN UZDIENSKI, JUNE 11, 2009

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

Musculoskeletal News Roundup 21-May-09 BY LAUREN UZDIENSKI, MAY 21, 2009

Earnings Medtronic reported FQ4:09 revenue of $3.8 billion, representing a 5% increase (constant currency) over FQ4:08 and in line with estimates. Adjusted EPS for the quarter was $0.82, also in line with estimates. Spine and biologics revenue was $881.0 million,... more

Don't Let Wii Sports Put You Down for the Count BY LAUREN UZDIENSKI, APRIL 21, 2009

Virtual sports are causing some very real injuries for fans of the Nintendo Wii, with physicians reporting Wii-related "sprains and strains" growing with the popularity of the gaming system. While no significant injuries have been reported (save a broken finger... more

WSJ Reports on ReGen's Campaign Donations BY LAUREN UZDIENSKI, APRIL 7, 2009

The WSJ published additional details of its investigation into ReGen Biologics' FDA clearance for its Menaflex meniscal implant. New information out this morning includes details of campaign donations from ReGen executives to the New Jersey politicians who stood behind ReGen... more

Musculoskeletal News Roundup 19-Mar-09 BY LAUREN UZDIENSKI, MARCH 19, 2009

Earnings TiGenix announced 2008 financial results this week, reporting a widening net loss as the company prepares to launch ChondroCelect in Europe. The company's net loss was EUR 15.2 million ($21.4 million), an increase of 27% over 2007. As the... more

Musculoskeletal News Roundup 19-Feb-09 BY LAUREN UZDIENSKI, FEBRUARY 20, 2009

Earnings Exactech reported 4Q:08 revenues of $40.3 million, representing a 22% increase over 4Q:07 and beating estimates by $0.4 million. Net income was $3.1 million, or $0.24 per share, representing a 15% increase over 4Q:07 and beating estimates by $0.04.... more

Musculoskeletal News Roundup 5-Feb-09 BY LAUREN UZDIENSKI, FEBRUARY 5, 2009

Earnings CONMED Corp. reported 4Q:08 revenues of $179.2 million, down 5% versus 4Q:07 and beating estimates by $2.26 million. Non-GAAP diluted earnings per share were $0.34, down 23% from 4Q:07 and beating estimates by $0.05. The company reported 4Q:08 arthroscopy... more

New MRI Technique Detects OA Before Symptom Onset BY LAUREN UZDIENSKI, JANUARY 29, 2009

Researchers at Stanford University are developing sodium MRI, an imaging technique that can identify signs of cartilage deterioration up to decades before a patient exhibits symptoms of osteoarthritis. A standard MRI emits electromagnetic energy that excites protons in water molecules.... more

More Trouble for ArthroCare BY JOHN MCCORMICK, JANUARY 15, 2009

This morning ArthroCare, the well known minimally invasive sports medicine company, announced that it received a letter from the Nasdaq stock exchange that its stock is to be de-listed at the open of trading tomorrow - Friday, January 16. Although... more

Regen Biologics Gets FDA Clearance BY JOHN MCCORMICK, DECEMBER 22, 2008

This morning Regen Biologics announced that it received its long awaited FDA 510(k) clearance to market its collagen meniscus implant for the knee. This marks the end of a long and tortured back and forth between the company and the... more

Musculoskeletal News Roundup 18-Dec-08 BY LAUREN UZDIENSKI, DECEMBER 18, 2008

Funding In addition to its regularly scheduled payments, Orthofix International will make a $10 million debt prepayment on December 29th in advance of the scheduled maturity. According to Executive Vice President and CFO Bob Vaters, "This is a good time... more

Smith & Nephew Granted Injunction against Arthrex BY JOHN MCCORMICK, NOVEMBER 24, 2008

Last week, Smith & Nephew Endoscopy was granted an injunction from a US Federal court barring Arthrex from manufacturing or selling several tacks and suture anchors used in minimally invasive soft tissue repairs. The injunction is due to take effect... more

Musculoskeletal News Roundup 20-Nov-08 BY LAUREN UZDIENSKI, NOVEMBER 20, 2008

Earnings Medtronic reported FQ2:09 revenues of $3.57 billion, up 14% (8% constant currency) over the year-ago period and missing estimates by $0.12 billion. Non-GAAP net earnings and diluted earnings per share were $758.0 million, or $0.67 per diluted share, missing... more

Musculoskeletal News Roundup 2-Oct-08 BY LAUREN UZDIENSKI, OCTOBER 2, 2008

M&A Arthro Kinetics announced that they are pursuing a potential asset sale. The company said this week that their current $5.0 million cash balance was not sufficient to sustain operations. Tecomet has been acquired from Cardinal Health by Charlesbank Capital... more

Arthroscopic Knee Surgery for OA... Is It Worth It? BY JOHN MCCORMICK, SEPTEMBER 16, 2008

Last week, the New England Journal of Medicine published a study that more or less said "no". In cautionary scientific parlance, the study concluded that "arthroscopic surgery for osteoarthritis of the knee provides no additional benefit to optimized physical and... more

Histogenics Raises $9mm BY JOHN MCCORMICK, SEPTEMBER 2, 2008

A cartilage company raising venture money is a not-so-common development in the world of sports medicine. In this instance, Waltham, MA based Histogenics just announced it has raised $9 million from venture investors. Of interest, Stryker was included in the... more

Musculoskeletal News Roundup 14-Aug-08 BY LAUREN UZDIENSKI, AUGUST 14, 2008

Earnings BioMimetic Therapeutics reported a 2Q:08 net loss of $9.2 million, or $0.50 per diluted share, widening from a net loss of $6.4 million, or $0.35 per diluted share, in 2Q:07. Clinical highlights for the quarter include the announcement of... more

Musculoskeletal News Roundup 19-June-08 BY LAUREN UZDIENSKI, JUNE 19, 2008

Funding Exactech received a $40.0 million syndicated line of credit which will be used to fund future acquisitions and refinance debt, among other expenses. SunTrust Bank served as lead agent with participation by Compass Bank. M&A clickNsettle announced plans... more

New "Smarthroscope" Will Assess Extent of Tissue Damage BY LAUREN UZDIENSKI, JUNE 3, 2008

Queensland University Of Technology researchers are developing a device they call a "smarthroscope," designed to be a more sensitive alternative to an arthroscope. Professor Kunle Oloyede, who received a grant from the National Health and Medical Research Council to develop... more

Female Athletes More Susceptible to ACL Tears BY LAUREN UZDIENSKI, JUNE 2, 2008

In February, the New York Times reported on a rise in pediatric ACL cases, attributed to aggressive athletic activity, the increasingly common practice of MRI scans for injured knees and physicians' heightened familiarity with pediatric ACL tears. Now an article... more

Musculoskeletal News Roundup 8-May-08 BY LAUREN UZDIENSKI, MAY 8, 2008

Earnings Artimplant announced 1Q:08 revenues of SEK 2.1 million ($0.35 million), down from SEK 3.9 million ($0.66 million) in 1Q:07. Net loss for the quarter was SEK 6.2 million ($1.04 million), or SEK 10 ($1.68) per share, a deterioration from... more

Musculoskeletal News Roundup 24-Apr-08 BY LAUREN UZDIENSKI, APRIL 24, 2008

Earnings Alphatec Holdings reported consolidated revenues for 1Q:08 of $23.2 million, an increase of 19% from the year-ago period. U.S. revenues for the first quarter of 2008 were $18.6 million, an increase of 12% from the year-ago period. Asia revenues... more

Musculoskeletal News Roundup 10-Apr-08 BY LAUREN UZDIENSKI, APRIL 10, 2008

M&A Kinetic Concepts, Inc. announced plans to acquire LifeCell for $1.7 billion, or $51.00 per share, which represents an 18% premium over LifeCell's closing price on Friday and a 26% premium over the 90-day volume weighted average trading price. KCI... more

Musculoskeletal News Roundup 6-Mar-08 BY LAUREN UZDIENSKI, MARCH 6, 2008

Earnings Anika Therapeutics reported 4Q:07 product revenue of $7.9 million, in line with estimates and up from $5.08 million for the same period last year. The revenue growth was attributed to domestic and international sales of the ORTHOVISC product line,... more

Pediatric ACL Diagnoses on the Rise BY LAUREN UZDIENSKI, FEBRUARY 21, 2008

Once thought to be rare among children, pediatric ACL injuries have been diagnosed more frequently in recent years, a shift that could be attributed to aggressive athletic activity, the increasingly common practice of MRI scans for kids with hurt knees... more

MAKO Surgical Goes Public BY JOHN MCCORMICK, FEBRUARY 17, 2008

On Thursday of last week, MAKO Surgical Corp went public. The Company, which makes robotic arms for minimally inveasive knee surgery, raised an impressive $51 million in capital selling at $10 a share. Although it lost some ground on the... more

New Techniques Strive to Meet the Challenges of Rotator-Cuff Repair BY LAUREN UZDIENSKI, JANUARY 28, 2008

When a patient with a rotator-cuff tear has the injury surgically repaired, he or she faces both severe pain associated with the procedure and the possibility that the injury will recur. According to an article (subscription required) in last week's... more

Musculoskeletal News Roundup 25-January-08 BY LAUREN UZDIENSKI, JANUARY 24, 2008

Earnings JNJ reported 4Q:07 revenues of $15.96 billion, up 17% over the year-ago period and beating consensus estimates of $15.4 billion. Net income was $2.37 billion, or $0.82 per share, missing estimates by $0.04. Depuy reported 4Q:07 sales of $1.21... more

Musculoskeletal News Roundup 10-Jan-08 BY LAUREN UZDIENSKI, JANUARY 10, 2008

M&A ArthroCare Corp. acquired DiscoCare, Inc., whom the company describes as "a third-party billing and reimbursement service provider," for $25 million in cash plus potential future milestone payments. The company says, "This acquisition will allow ArthroCare to significantly expand its... more

ArthroCare in the News Again with the Acquisition of DiscoCare BY LAUREN UZDIENSKI, JANUARY 9, 2008

Last week ArthroCare announced a $25 million deal to acquire DiscoCare, described in the press release as a "medical billing and reimbursement service provider." Specifically, DiscoCare provides reimbursement assistance to physicians using Arthrocare's plasma disc decompression (PDD) device; though it... more

Musculoskeletal News Roundup 15-Nov-07 BY LAUREN UZDIENSKI, NOVEMBER 15, 2007

Earnings Artimplant announced 3Q:07 revenue of SEK 2.6 million, up from SEK 0.9 million in the year-ago period. 3Q:07 net loss was SEK 3.6 million, down from SEK 10.4 in 3Q:06. Earnings per share, including a non-recurring item, amounted to... more

Regeneration Technologies and Tutogen to Merge BY DAVID KRESSEL, NOVEMBER 13, 2007

This morning Regeneration Technologies (RTI) and Tutogen announced their intent to merge. These are two of the larger players in the tissue processing business though their businesses have surprisingly little overlap. RTI has been more focused on allograft hard tissue... more

Musculosketal News Roundup 25-Oct-07 BY LAUREN UZDIENSKI, OCTOBER 25, 2007

Earnings ArthroCare Corp. reported 3Q:07 total revenues of $78.5 million, an increase of 21% over the comparable quarter. Revenues missed estimates by $0.11 million. The company reported net income of $11.1 million, or $0.39 per share, up 28% over 3Q:06... more

Musculoskeletal News Roundup 28-Sept-07 BY LAUREN UZDIENSKI, SEPTEMBER 28, 2007

Legal Federal prosecutors announced on Thursday the terms of a settlement with Zimmer, Depuy, Biomet, Smith & Nephew and Stryker following an investigation into physician compensation practices. Zimmer, Depuy, Biomet and Smith & Nephew entered into deferred prosecution agreements and... more

FDA Throws ReGen Biologics Another Curveball BY DAVID KRESSEL, SEPTEMBER 25, 2007

ReGen Biologics today announced it received a "Not Substantially Equivalent" (NSE) letter from the FDA in response to the 510(k) premarket notification the company submitted for its meniscal repair implant. In a press release and conference call, a clearly frustrated... more

Musculoskeletal News Roundup 20-Sept-07 BY LAUREN UZDIENSKI, SEPTEMBER 18, 2007

Earnings AOI Medical reported a 1H:07 loss of $1.8 million, increasing from a loss of $0.97 million in the comparable half. The company attributed the loss to increased expenses. They expect their product, the Balloon Assisted Management of Spine Fractures,... more

Musculoskeletal News Roundup 30-Aug-07 BY LAUREN UZDIENSKI, AUGUST 30, 2007

Earnings Globus Medical announced 2Q:07 revenues of $30.2 million, an increase of 52% over the comparable quarter. The company attributes the revenue growth to the expansion of its sales and distribution footprint, product introductions in its fusion, MIS and biomaterials... more

Musculoskeletal News Roundup 16-Aug-07 BY LAUREN UZDIENSKI, AUGUST 16, 2007

Earnings BioMimetic Therapeutics reported a 2Q:07 net loss of $6.4 million, or $(0.35) per share, beating estimates of $(0.39) per share and improving from a net loss of $3.9 million, or $(0.42) per share, in 2Q:06. 2Q:07 Revenues were $0.5... more

AOSSM Goes Cowboy in Calgary BY ELIZABETH VARLEY CAMP, JULY 17, 2007

Calgary was the host city for this year's AOSSM conference last week, which coincided with the Stampede, the world's largest rodeo event. No Calgary citizen seemed to be working this week; all were enjoying perfect weather, pancake breakfasts and BBQ... more

DJO to sell for $1.6 Billion BY JOHN MCCORMICK, JULY 16, 2007

This morning DJO Incorporated (formerly known as DJ Orthopedics), the largest bracing company in the land, announced that it has agreed to be sold for $1.6 billion to Austin, Texas-based ReAble Theraputics, Inc. (formerly known as Encore Medical). As opposed... more

Musculoskeletal News Roundup 12-July-07 BY LAUREN UZDIENSKI, JULY 12, 2007

M&A Biomet Inc. shareholders accepted an $11.4 billion buyout offer from a private equity consortium attempting to acquire the medical device maker. The consortium, LVB Acquisition LLC, announced Thursday that nearly 83 percent of Biomet's shares were tendered. The company... more

Society for Biomaterials a Product Pipeline Crystal Ball BY DAVID KRESSEL, APRIL 24, 2007

Last week, we attended the Society for Biomaterials' annual conference. The event showcases the latest academic research and its broad applications across medical specialties. Roughly a third of the poster presentations focused on orthopedics, and most of the rest related... more

Orthopedic News Roundup 12-Apr-07 BY LAUREN UZDIENSKI, APRIL 12, 2007

Earnings Vertebron announced in a press release that 1Q:07 was its most profitable quarter ever. The Company attributes the growth to a significant sales increase over the comparable quarter last year as well as a company-wide restructuring in 3Q:06. Vertebron... more

Biomet Sports Medicine to do License Deal BY JOHN MCCORMICK, FEBRUARY 5, 2007

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

Regeneration Technologies and Cryolife to Enter Exchange and Service Agreement BY JOHN MCCORMICK, DECEMBER 19, 2006

Allograft companies, Regeneration Technologies (RTI) and Cryolife announced a non-cash exchange and service agreement this morning concerning their orthopedic and cardiovascular processing. With respect to orthopedics, starting January 1, CryoLife will work to transition existing tissue recovery and donation arrangements... more

Orthopedic News Roundup 14-Dec-06 BY LAUREN UZDIENSKI, DECEMBER 14, 2006

Regulatory CryoLife received FDA 510(k) clearance for its ProPatch™ Soft Tissue Repair Matrix, an announcement that drove its stock up 9%. Among other applications, ProPatch can be used to reinforce tissues repaired by sutures or by suture anchors during tendon... more

Orthopedic News Roundup 5-Oct-06 BY HUYEN NGUYEN, OCTOBER 5, 2006

Earnings Update: Tutogen Medical, Inc. provided an update on its 4Q:06 projected revenues which are estimated at ~$10.8 million, representing a 36% increase over the comparable quarter of 2005. Revenues for the fiscal year will be ~$38 million, an increase... more

Orthopedic News Roundup 7-Sept-06 BY HUYEN NGUYEN, SEPTEMBER 7, 2006

Appointment: Ranier Technology Limited has appointed John C. Moran to its Board of Directors. Previously, Mr. Moran was a President of Synthes Spine and a Director of Spine Solutions, Inc. Active Implants Corporation (AIC) has hired Richard Treharne, PhD. as... more

Orthopedic News Roundup 17-Aug-06 BY HUYEN NGUYEN, AUGUST 17, 2006

Earnings: Biologics: Tutogen reported 3Q:06 sales of $10 million and a net loss of $1.1 million, or $0.07 per fully diluted share compared to the same quarter last year. The Company would have experienced breakeven results without ~$1.1 million in... more

Orthopedic News Roundup 10-Aug-06 BY HUYEN NGUYEN, AUGUST 10, 2006

Earnings: Biologics: Orthovita reported 2Q:06 product sales came in at $11.2 million, up 32% compared to 2Q:05. On a non-GAAP basis net loss for the quarter was $5.1 million, or a loss of $0.10 per share. The Company did not... more

510(k) for ReGen Biologics' Collagen Scaffold Rejected BY HUYEN NGUYEN, AUGUST 9, 2006

On Monday, ReGen Biologics announced that it had received a letter from the FDA rejecting to approve the ReGen® collagen scaffold technology to be classified as a Class II medical device. In its exact words, the collagen scaffold technology, "is... more

Orthofix to Buy Blackstone Medical for $333 Million BY JOHN MCCORMICK, AUGUST 7, 2006

This morning Orthofix International, NV (NasdaqGS: OFIX) announced that it has signed an agreement to acquire independent spinal implant developer Blackstone Medical, Inc. for $333 million in cash. Blackstone revenues were $22mm in 2Q:06 and EBIT was approximately $2mm. Trailing... more

AOFAS Annual Meeting Highlights BY ARIELLA P. GOLOMB, MD, JULY 17, 2006

This past weekend we attended the 22nd Annual Summer Meeting of the American Orthopaedic Foot & Ankle Society in La Jolla (AOFAS). The conference ran from July 14-16, 2006 at the Hilton Torrey Pines Hotel and there were approximately 400... more

Orthopedic News Roundup 12-Jul-06 BY HUYEN NGUYEN, JULY 12, 2006

Appointment: Biomet, Inc. appointed Charles E. Niemier as President of EBI's operations following the resignation of its former president, Bart J. Doedens, M.D. Mr. Niemier has been a member of the senior management team and Board of Directors for more... more

Orthofix Appoints New Head of Corporate Development BY JOHN MCCORMICK, JUNE 13, 2006

This morning Orthofix announced the appointment of Michael M. Finegan as Vice President of Corporate Development and head of the Company's new Corporate Development Group. His duties will include identifying external opportunities for the company to increase its revenues and... more

Orthopedic News Roundup 1-Jun-06 BY HUYEN NGUYEN, JUNE 1, 2006

Appointment: A medical imaging company ONI Medical appointed Victor Ruiz to Vice President, of the Corporate Strategy and Marketing division. Mr. Ruiz's past experience include world-famous imaging companies: GE Medical Systems and Cardinal Health Inc. Clinical Update: LDR Spine announced... more

DJ Orthopedics Changes Name to DJO Inc. BY JOHN MCCORMICK, MAY 31, 2006

Yesterday morning, dj Orthopedics Inc. announced that it changed its name to DJO Inc. following its recent acquisition of Aircast Inc. The company acquired Aircast, famous to soccer moms for its ankle braces and casts, for $290 million at the... more

1Q:06 Earnings Summary BY HUYEN NGUYEN, MAY 4, 2006

To update from previous blog, twenty of twenty-four orthopedic companies reported revenues and earnings for the period of January 1, 2006 to April 1, 2006. Excluding Inion, Osteotech, RTI (Regeneration Technologies) and Tutogen, which have not reported yet, total orthopedic... more

1Q:06 Preliminary Earnings Summary BY HUYEN NGUYEN, APRIL 27, 2006

The first group of orthopedic companies reported their 1Q:06 this week and took in $5.3 billion so far. The total aggregated revenues for the quarter were up by 7% from $4.9 billion in 1Q:05. The industry netted $637.8 million, a... more

2006 Orthopedic Industry Forecast - Strong Growth to Continue BY EDITOR, MARCH 21, 2006

Our current forecast for the orthopedic industry projects continued long term growth of 15%. For 2006, we expect growth to be slightly below this trend, at 12%. Despite continued strength in other segments of the industry, hip and knee reconstruction... more

ArthroCare Misses Another SEC Filing BY JOHN MCCORMICK, MARCH 21, 2006

ArthroCare Corp. has filed a notification of late filing with the Securities and Exchange Commission for its annual Form 10-K with the SEC, asking for a 15-day extension until Mar. 31, 2006. In plain engolish that means they are handing... more

Orthopedic News Roundup 3-Nov-05 BY HUYEN NGUYEN, NOVEMBER 3, 2005

We wrap up this quarter with aggregated earnings and sales in the public orthopedic sector of $560 million and $5 billion, respectively, as a few more companies reported this week. For 3Q:05, orthopedic sales were up by 13% ($5.0 billion... more

A Follow-Up Interview with Gerald 'Gary' Bisbee, CEO of ReGen Biologics, Inc. BY JOHN MCCORMICK, OCTOBER 6, 2005

One of the leaders in this emerging meniscus repair market is ReGen Biologics. We recently had a chance to do a catch up with Gary Bisbee, CEO of ReGen Biologics who we interviewed last year. Disclosure: Individual members of HealthpointCapital,... more

ReGen Biologics Update: FDA Warning Letter BY JOHN MCCORMICK, SEPTEMBER 25, 2005

On Friday ReGen Biologics, Inc. reported that it received a warning letter dated September 16, 2005 from the FDA. The warning letter was a follow-up to the FDA Form 483 notice of inspectional observations received by ReGen and, along with... more

Invibio Expands Further into Asia-Pacific Market BY JOHN MCCORMICK, SEPTEMBER 15, 2005

Invibio scored a coup in Japan recently. Today the Company announced that the Japanese Ministry of Health has approved for use the first implantable medical device using the Company's PEEK-OPTIMA polymer. The device is an arthroscopic tissue repair system used... more

Orthopedic News Roundup 9-Sept-05 BY HUYEN NGUYEN, SEPTEMBER 9, 2005

The FDA Orthopedic and Rehabilitation Devices Panel held a meeting September 8th and 9th to rule on two important issues: Smith & Nephew's hip resurfacing device and the design of clinical studies for spinal devices. You can find background information... more

ArthroCare and Smith & Nephew Bury the Hatchet BY JOHN MCCORMICK, SEPTEMBER 7, 2005

ArthroCare Corp. has settled all legal disputes with the Smith & Nephew PLC Endoscopy division by signing product supply and license agreements for bipolar and monopolar arthroscopy products. The various agreements resolve all of ArthroCare's pending litigation against Smith &... more

Orthofix Hires Chief Operating Officer BY JOHN MCCORMICK, SEPTEMBER 6, 2005

This morning, Orthofix International N.V. (NASDAQ: OFIX) announced that Alan W. Milinazzo, 45, has joined the Company as its Chief Operating Officer (COO). Milinazzo joins Orthofix as an experienced hand in the medical device field with decades of experience, most... more

Orthopedic News Roundup 01-Sept-05 BY HUYEN NGUYEN, SEPTEMBER 1, 2005

This week, we decided to post the Orthopedic News Roundup for Thursday, instead of Friday due to the upcoming holiday. Clearly the biggest headline this week is the announcement of a take-over bid by Musculoskeletal Transplant Foundation ("MTF") for Osteotech... more

Sports Medicine Shortage in India BY SHELLY ACHAIBAR, AUGUST 25, 2005

Cricket is a well known international sport played in over 60 countries. Although the sport had been around for a century, it became formalized in 1744 after the by-laws were created by the London Club. The game is competitively played... more

ArthoCare buys Applied Therapeutics for $10mm BY JOHN MCCORMICK, AUGUST 19, 2005

On Wednesday afternoon, Arthrocare (nasdaq:ARTC) announced that it has purchased substantially all of the assets and certain liabilities of Applied Therapeutics Inc. for $10 million in cash. The deal also includes a payment contigent on Applied Therapeutics' revenue from Feb.... more

Orthopedic News Roundup 12-Aug-2005 BY HUYEN NGUYEN, AUGUST 12, 2005

This week we completed the orthopedic reporting calendar as a few more companies reported earnings, starting with Synthes, the number #1 trauma company worldwide. Synthes reported 20% growth in both top and bottom line for 1H:05. Consolidated sales reported at... more

Acquisitions Heating up in Bracing BY JOHN MCCORMICK, AUGUST 11, 2005

The traditionally steady-as-she-goes bracing sector has been heating up with some M&A activity lately. Two weeks ago, Ossur annouced it was buying Royce Medical and, in the last five days, we have two new events to consider: (i) dj Orthopedics... more

2005 Orthopedic Market Report: Sports Medicine - Available for download BY EDITOR, AUGUST 10, 2005

February 2010 update: This report is no longer available for purchase. Learn more here. The sports medicine segment of orthopedics represents nearly $2 billion of revenues between arthroscopic equipment and implants and non-operative devices such as braces and splints. This... more

Orthopedic News Roundup 5-Aug-05 BY HUYEN NGUYEN, AUGUST 5, 2005

This week we finish off the first half of 2005 reporting season with 17 orthopedic companies* released their financial numbers. In 2Q:05, in an aggregated total, orthopedic revenues increased 16% ($3.8 billion vs. $3.2 billion) and a 25% increased in... more

Ossur buys Royce Medical BY JOHN MCCORMICK, JULY 28, 2005

This morning Icelandic prosthetics developer Ossur announced its second major foray into the bracing business: the acquisition of Royce Medical Holding Inc. And for a pretty penny too... $216 million or well in excess of 4x revenue by our estimates.... more

AOSSM 2005: A Sports Medicine Trip Report BY JOHN MCCORMICK, JULY 15, 2005

Perhaps the most startling innovation of this years AOSSM sports medicine conference was a palm pilot kiosk where surgeons and exhibitors could beam the entire conference program and floorplan into their cellphones and PDAs in about 30 seconds. Immediately addicted,... more

BREG: When a Brace is Not a Brace BY JOHN MCCORMICK, JULY 14, 2005

While touring the floors of the AOSSM sports medicine conference in Colorado this morning, Brad Mason the President of BREG (an Orthofix company) pulled us aside to show us the company's new FUSION functional knee brace. Before we could say... more

Pegasus Biologics, Inc. Raises $10M BY JOHN MCCORMICK, JUNE 8, 2005

Billion dollar cardio investor Three Arch Partners is making further inroads into ortho with their investment in Irvine, CA based Pegasus Biologics, Inc. a developer of advanced collagen-based bioimplants. Frazier HealthCare Ventures joined Three Arch in what turned out to... more

Elderly Population: New Census Bureau Forecast BY JOHN MCCORMICK, APRIL 25, 2005

Last Thursday the US Census Bureau released new state-by-state projections on the aging of the U.S. population which showed not only how it expects the nation to age, but how the population is expected to shift geographically over the next... more

Gain-Sharing: The Lawyers View BY JOHN CHOPACK, APRIL 18, 2005

Background on Gain Sharing. The Hospital Corporation of America ("HCA") has recently asked the Office of Inspector General ("OIG") of the Department of Health & Human Services ("HHS") to allow for "gain-sharing" arrangements. These gain-sharing arrangements would allow hospitals to... more

The Industry Subpoenaed: Our Perspective BY JOHN MCCORMICK, APRIL 4, 2005

The healthcare industry has long been the subject of regulation by complex laws that do not exist in other industries and which, under certain circumstances, may seem almost excessive and counter-intuitive. The enforcement of these laws has been significant and... more

Preservation of Motion in the Lumbar Spine: A Trip Report BY JOHN MCCORMICK, MARCH 21, 2005

At the end of last week, we attended the University of South Florida's "Preservation of Motion in the Lumbar Spine" course to check in on how leading surgeons are coming along with motion preserving spinal procedures and related surgical implant... more

What Price Innovation? | EDITORIAL | BY JOHN MCCORMICK, MARCH 21, 2005

I was struck by economist Paul Krugman's article "America's Senior Moment" in the most recent New York Review of Books. In the article Krugman assails the Bush Administration's push for social security "privatization" with the fervor of a campus radical,... more

ArthroCare (ARTC:NASDAQ) Beats Analyst Expectations in the 4Q:04 BY JOHN CHOPACK, MARCH 21, 2005

ARTC reported $42.7 million in net revenues during the 4Q:04 which was a 31% increase over the 4Q:03 and $600 thousand higher than analyst expectations. For 2004, revenues totaled $154.1 million compared to $118.9 million during 2003 which represents a... more

4Q:04 Orthopedic Wrap-up BY JOHN CHOPACK, MARCH 14, 2005

We have aggregated the 4Q:04 and 3Q:04 reported revenues (includes the effects of foreign currency) for 16 public orthopedic companies. Although we would have liked to use revenue growth rates which excluded foreign currency, a majority of the companies report... more

Encore Medical (ENMC:NASDAQ) Reports 4Q:04 and 2004 Year-end Results BY JOHN CHOPACK, MARCH 7, 2005

From a business development and strategy execution standpoint/2004 was an excellent year for Encore. Management completed two acquisitions (Empi and Osteoimplant Technologies, Inc.) which fits the overall business development strategy of ENMC: growth via acquisition. The acquisitions helped drive revenues... more

2005 AAOS: Louder, Yet Quieter than Ever Before BY JOHN CHOPACK, MARCH 1, 2005

The 2005 American Academy of Orthopaedic Surgeon Annual Conference was unique to recent meetings. It was louder in terms of the amount of marketing, size of exhibits and mass advertising, yet it was quieter in terms of business development and,... more

2005 AAOS Analyst Meeting Reviews BY JOHN CHOPACK, MARCH 1, 2005

This year we attended Smith & Nephew's, Biomet's, Stryker's, and Encore Medical's analyst meetings. All were very professional and well attended. Here are our notes from each: Smith & Nephew Overview: Although Smith & Nephew posted the best large joint... more

FIVE HOT AAOS Sessions Plus 20 others worth a close look BY EDITOR, FEBRUARY 22, 2005

Overwhelmed with all the education opportunities? Join the club. Good news for you, though - the HealthpointCapital research team has whittled down the program to 26 of the most controversial and best-hosted side sessions. Minimally Invasive Breaks Out Every year... more

2005 American Academy of Orthopaedic Surgeons (AAOS) Preview BY JOHN CHOPACK, FEBRUARY 14, 2005

It's here again, the annual AAOS conference. Thousands are ready to descend on Washington, D.C. the week of February 21st to learn of new surgical techniques, new products and to develop business and relationships. While it is hard to predict... more

ArthroCare (NASDAQ:ARTC) Announces 29% Increase in Revenue for 2004 and Provides Guidance for 2005 BY HUYEN NGUYEN, JANUARY 31, 2005

Last week, ArthroCare (NASDAQ:ARTC) announced 4Q:04 product revenues will reach $40.8 million, a 30% increase from last year's fourth quarter. The company expects total product revenues for the fiscal year 2004 to total approximately $147.8 million, up 29% from the... more

Direct-to-Consumer Advertising Takes Hold in Orthopedics | EDITORIAL | BY JOHN CHOPACK, JANUARY 24, 2005

Direct-to-consumer advertising has become the most powerful means of marketing pharmaceuticals over the last decade. For years we have seen these strange advertisements which typically only mention the name of a drug and the manufacturer, but withhold any information regarding... more

Symmetry Expands Facilities BY JOHN MCCORMICK, JANUARY 24, 2005

Warsaw, Indiana is forging ahead. Orthopedic industry supplier Symmetry Medical (NYSE:SMA) announced this morning that it has completed an $8.5 million facilities expansion. The projects undertaken included augmenting two existing facilities and developing two new facilities as follows (according to... more

Symmetry Medical Completes Public Offering BY JOHN MCCORMICK, DECEMBER 13, 2004

The markets are open for business for orthopedic IPOs! Two weeks ago biodegradable implant manufacturer Inion raised '30 million on the London Stock Exchange at valuation of 19x revenue. Orthotics manufacturer Langer also announced a secondary offering to raise $30... more

DJ Orthopedics Reiterates 4th-quarter Revenue Outlook BY JOHN MCCORMICK, DECEMBER 6, 2004

Last week, dj Orthopedics Inc. (NYSE:DJO) management team held an analyst's day where they reiterated their guidance on their 4Q:04 forecast for revenue in the range of $65 million to $67 million. According to Reuters, the analysts consensus revenue estimate... more

Langer Announces Stock Offering BY JOHN MCCORMICK, DECEMBER 6, 2004

Last week, orthotic and prosthetic device company Langer, Inc. (Nasdaq: GAIT) announced that it was filing a registration statement with SEC to facilitate a 5,000,000 share offering to (i) pay down more than half of its $35 million in debt... more

The Shot Heard Around the World: Inion goes Public BY JOHN MCCORMICK, DECEMBER 6, 2004

Europe stole the headlines last week when Finnish implant manufacturer Inion (LSE: IIN LN) went public raising £30 million (US$58 million) on the London Stock Exchange. Immediately following the offering, valuation shot up 30% to a staggering 19x estimated 2004... more

Reflections on the Aircast Acquisition BY JOHN MCCORMICK, NOVEMBER 22, 2004

Two weeks ago, Aircast announced that it will be acquired by $1.3 billion private equity fund Tailwind Capital Partners. By all measures, the deal looks and feels like a plain vanilla leveraged buyout. A substantial amount of debt is being... more

NASDAQ Makes Mistake by Delisting ArthroCare BY JOHN MCCORMICK, NOVEMBER 22, 2004

NASDAQ wants to be stock market of choice for high quality growth companies. Arthrocare should be exactly the kind of company NASDAQ represents. Innovative, profitable, over $100 million in revenues, growing rapidly, innovating in key medical sectors, over $600 million... more

Symmetry Medical Scales Back its Proposed IPO BY JOHN MCCORMICK, NOVEMBER 22, 2004

In an SEC filing on Wednesday of last week Symmetry Medical, Inc. reduced the number of shares it plans to offer from ten million to eight million. Pricing is set at the $13 to $15 per share range according to... more

ArthroCare Closes Opus Medical Acquisition BY JOHN MCCORMICK, NOVEMBER 22, 2004

Last week ArthroCare Corp. (NASDAQ: ARTCE - note new ticker symbol) completed its acquisition of privately held Opus Medical, Inc.. ArthroCare paid with a combination of cash and stock for this privately-held arthroscopic surgery innovator. The terms of the $130... more

Orthofix Posts 39% revenue increase for Third Quarter BY JOHN MCCORMICK, NOVEMBER 3, 2004

Last week Orthofix (Nasdaq: OFIX) announced that revenues for 3Q:04, were $71.5 million, an increase of 39 percent over the $51.3 million reported for 3Q:03. The 2004 revenue number includes the acquired Breg revenues. The Company noted that the incremental... more

DJ Orthopedics reports 28% revenue increase for third quarter BY JOHN MCCORMICK, NOVEMBER 3, 2004

Last week, dj Orthopedics (NYSE:DJO) announced that net revenues for 3Q:04 rose 27.9 percent to $62.5 million, compared with net revenues of $48.9 million reported in 3Q:03. Revenues were therefore below the consensus estimate of $63.1 million. Of course, the... more

Thirty Percent Sales Growth Highlights ArthroCare's Third Quarter Report BY JOHN MCCORMICK, OCTOBER 25, 2004

Last week, ArthroCare Corp (Nasdaq: ARTC) announced that for the third quarter ending September 30, revenues rose 30% on year-over-year (YOY) basis. Total revenues, which include product revenues, license fees and royalties, for 3Q:04 were $38.2 million versus the $29.4... more

Cartilage Repair Comes of Age: An Interview with Gerald 'Gary' Bisbee, CEO of ReGen Biologics, Inc. BY JOHN MCCORMICK, OCTOBER 25, 2004

Cartilage repair is coming of age. One of the leaders in this emerging technology is ReGen Biologics. During the recent HealthpointCapital Biologics Summit, we spent a few quality moments interviewing Gary Bisbee, CEO of ReGen Biologics. JM: Introduce our Readers... more

dj Orthopedics Announces Revenue Shortfall and Stock Repurchase BY JOHN MCCORMICK, OCTOBER 4, 2004

Last week, dj Orthopedics (NYSE: DJO) stock fell 10% on the announcement that it was cutting its third quarter outlook. The shortfall largely comes from previously announced integration efforts associated with the Company's Regentek unit, which manufactures bone growth stimulation... more

Silipos Finally Finds a Home with Langer BY JOHN MCCORMICK, SEPTEMBER 27, 2004

Last week Langer (NASDAQ: GAIT) announced that it inked a deal to acquire Silipos, Inc. Silipos, which operates out of New York City and Niagara Falls, NY, manufactures gel-based products that have orthopedic and prosthetic applications such as heel cups,... more

Why Orthopedic Equities Offer Superior Risk/Return Performance BY JOHN MCCORMICK, SEPTEMBER 20, 2004

Using classic portfolio theory to analyze the past performance of orthopedic equity we uncovered data that strongly suggests that Orthopedic equities delivered to investors superior returns with minimal risk and, in fact, provided a better risk/return paradigm than the rest... more

DJO Reshuffles Board Committees; Adds new Director BY JOHN MCCORMICK, SEPTEMBER 20, 2004

dj Orthopedics, Inc. (NYSE:DJO), announced on Friday the appointment of W. Thomas Mitchell to its Board of Directors. Mr. Mitchell will serve as an independent director of the board and will serve on the audit committee, replacing Kirby Cramer, who... more

dj Orthopedics Reports Second Quarter Earnings - Announces Regentek Integration BY JOHN MCCORMICK, AUGUST 2, 2004

dj Orthopedics, Inc. (NYSE: DJO) met analysts' $0.21 second quarter earnings expectations for the second quarter of 2004 after an adjustment for a bond redemption premium. 2Q:04 revenues for DJO were $63.2 million, 33.2% higher than last year's 2Q:03 (7.2%... more

ArthroCare Revenues Grow 27% This Quarter - Parallax Experiences Supply Issues BY JOHN MCCORMICK, JULY 26, 2004

ArthroCare achieved total revenues of $37.7 million for 2Q:04; a 27% year over year increase compared to the $29.7 million achieved in 2Q:03 largely driven by US revenues. The Sports Medicine business unit (64% of product revenue) exceeded management's expectations... more

Orthofix Announces Preliminary Second Quarter Results BY JOHN MCCORMICK, JULY 26, 2004

Last week Orthofix announced that second quarter sales are expected to be approximately $70.8 million which are less than consensus analyst expectations of $73.0 million to $73.8 million. Earnings per share are expected to approximate between $0.49 and $0.51 per... more

ArthroCare Lands Key Ruling Versus Smith & Nephew: Raises 2005 Revenue Estimate BY JOHN MCCORMICK, JUNE 14, 2004

If you are looking to buy a Smith & Nephew Dyonics Control RF System, ElectroBlade or Saphyre™ you might as well go to ebay because Smith & Nephew has been barred from selling them by the U.S. District Court of... more

Symmetry Medical to go Public BY JOHN MCCORMICK, JUNE 7, 2004

For an industry that only has a little over 20 publicly traded companies, orthopedic devices is doing well this year with its third major equity offering. This time Warsaw, Indiana based Symmetry Medical has filed its registration statement with the... more

DJO Announces Shelf Registration: JP Morgan Exits BY JOHN MCCORMICK, MAY 24, 2004

Late Friday of last week, dj Orthopedics (NYSE: DJO) announced that it has filed for shelf registration with the SEC in order to sell a block of shares owned by existing shareholders and management. The selling shareholders are JP Morgan... more

dj Orthopedics Announces Redemption of Senior Subordinated Notes BY JOHN MCCORMICK, MAY 17, 2004

Last week dj Orthopedics (NYSE: DJO) made the call analysts have been expecting: the redemption of their punitively expensive Senior Subordinated notes. This lingering artifact from the Company's 1999 LBO was costing the company nearly $10 million in interest costs... more

dj Orthopedics (NYSE: DJO) Earns $0.19 for 1Q:04 BY JOHN MCCORMICK, MAY 3, 2004

It would seem that the theme of DJO's first quarter financial results announced on Wednesday was new, new and' new. The Company captured the benefits of a new division, gained new contracts, introduced new products and is building a new... more

Orthofix (NASDAQ: OFIX) Achieves 47% Revenue Growth in First Quarter; BREG Acquisition has Incremental Effect BY JOHN MCCORMICK, MAY 3, 2004

Orthofix had its first full quarter that included the BREG acquisition and the results were solid. Revenues grew year-over-year by 47% to $70.7 million in 1Q:04 from $48.2 million in 1Q:03. We note that $2.4 million of that growth comes... more

ArthroCare (NASDAQ: ARTC) Achieves 31% Revenue Growth in First Quarter; Achieving Traction in Spine BY JOHN MCCORMICK, MAY 3, 2004

ArthroCare achieved total revenues of $34.3 million for 1Q:04 a 31% year over year increase compared to the $27.2 million achieved in 1Q:03. For the remainder of the year, the Company expects revenue to grow at 20% which would allow... more

EMPI Files for IPO BY JOHN MCCORMICK, APRIL 5, 2004

The IPO market for orthopedic and related companies is clearly heating up this year. Witness the recent offerings from NuVasive and dj Orthopedics. Now St. Paul, MN based orthopedic rehabilitation company EMPI, Inc. has just filed its Registration Statement with... more

John Kerry: Presidential Candidate and Sports Medicine Patient BY JOHN MCCORMICK, APRIL 5, 2004

Presidential contender John Kerry is probably wishing he had a war story to tell about his torn subscapularis tendon, but alas, a mundane fall on a stopping bus is all he had to report. What is not widely discussed is... more

Orthofix Change of Command BY EDITOR, MARCH 29, 2004

Orthofix International N.V. (NASDAQ NM:OFIX) announced a shift in its Board structure on Friday where Jim Gero, a member of the OFIX Board of Directors since 1997, will become its new Chairman of the Board. He will replace Robert Gaines-Cooper... more

The 2004 AAOS Whirlwind BY JOHN CHOPACK, MARCH 22, 2004

The 2004 American Academy of Orthopedic Surgeons hit with the speed and intensity of a tornado. It wasn't a destructive tornado but rather a whirlwind of innovative technology and merger activity. Biomet (BMET:NASDAQ) couldn't wait for the official Academy to... more

Orthofix Announces 15% Increase In Revenue In 2003 BY JOHN MCCORMICK, MARCH 1, 2004

On Thursday, Orthofix (OFIX) announced revenues of $203.7 million for the year ended December 31, 2003, an increase of 15% over the prior year.  Interestingly, over a quarter of the incremental revenue can be attributed to the US dollar decline. ... more

dj Orthopedics Completes Stock Offering BY JOHN MCCORMICK, MARCH 1, 2004

Last Tuesday, dj Orthopedics (DJO) closed its offering of 7,500,000 shares at $19 per share where the Company sold 3,162,500 primary shares in the offering and selling stockholders separately sold 5,462,500 shares.  After the bankers took their fees, DJO netted... more

dj Orthopedics Announces Public Offering of Common Stock BY JOHN MCCORMICK, FEBRUARY 9, 2004

This past Friday, dj Orthopedics announced that it plans to publicly offer 6,000,000 shares of its common stock. This comes quickly on the heels of a recent shelf registration announcement and statement filed with the SEC. The shelf registration is... more

dj Orthopedics, Inc. Announces 4Q:03 Earnings of $0.21; Beats Expectations BY JOHN MCCORMICK, FEBRUARY 2, 2004

Despite dj Orthopedics' (DJO) wobbly stock last week, the Company's 4th quarter earnings per share of $0.21 was slightly ahead of expectations with the full year coming in at $0.64.  DJO's stellar performance comes on the heels of record revenues... more

ArthroCare Fiscal 2003 Revenues Grow 34 Percent; Reports Strong 4th Quarter BY JOHN MCCORMICK, FEBRUARY 2, 2004

ArthroCare (ARTC) reported strong year-over-year revenue growth where total 2003 revenues reached $118.9 million compared with $88.8 million in 2002. Product sales in 2003 were $114.7 compared to $85.0 million in 2002. In 2003, gross margin on product sales increased... more

Wall Street Journal Features Orthofix's Innovative Ortho-Trac System for Back Pain BY JOHN MCCORMICK, FEBRUARY 2, 2004

It seems that rising orthopedic valuations on Wall Street are not the only voice hailing the "Decade of Orthopedics." The Wall Street Journal got into the act last Tuesday by writing a positive piece on one of the more interesting... more

Kensey Nash Announces 30% sales growth, 54% earnings growth BY JOHN MCCORMICK, JANUARY 26, 2004

Raises Fiscal 2004 Guidance. Ortho and sports medicine key growth driver. Biomaterials company Kensey Nash (KNSY) held a conference call to discuss its stellar Second Quarter earnings results last week. KNSY revenues were up 30% from $10.5 million to $13.7... more

dj Orthopedics signs Premier deal BY EDITOR, NOVEMBER 24, 2003

On Tuesday of last week, dj Orthpopedis announced that the company has been awarded a three-year supply contract with Premier Purchasing Partners LP - a firm supplying group purchasing, procurement strategy and outsourcing and e-commerce services to approximately 1,600 U.S.... more

Encore Prints More Money BY EDITOR, NOVEMBER 3, 2003

There are two ways to print money if you are a private citizen; counterfeit it – and we all know where that leads – or print stock certificates. Encore announced that it intends to print another 7 million shares. That... more

dj Orthopedics Makes a Serious Strategic Move BY EDITOR, OCTOBER 15, 2003

Bottom line, by buying OrthoLogic's bone stim business, DJO is ratcheting up sales growth, profitability at the gross margin line, cash flows and, as the rating agencies noted late last week, debt levels - which hit new highs. Oh, and... more

Orthofix comes to terms with the U.S. government. BY EDITOR, AUGUST 25, 2003

Apparently “off-label” is a “no-no” if you're a U.S. military physician. Orthofix fought for a while, then settled. Last week, Orthofix decided it was better off avoiding the costs of a protracted litigation battle with the government and opted to... more

DJ Orthopedics beats estimate by 50%. Market is silent. BY EDITOR, AUGUST 11, 2003

DJ Ortho reported a sharp increase in net earnings to $2.7 million ($0.15 per share) on just a 4% rise in sales to $47 million for the June quarter. Operating margins improved significantly in the quarter reaching 15% of sales.... more


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