2009 Angel Investors Spend Fewer Dollars but Support More Companies

Angel investments were down 27 percent to $9.1 billion during the six months ended June 30. But 24,500 entrepreneurial ventures received financing, 6 percent over last year. The number of active investors was flat at 140,200. Pittsburgh Business Times…   http://ow.ly/xBeA

Stryker Buys ASDM’S Ultrapolishing Technology Patents for Its Active Unicompartmental Knee

WAToday (Australia)…  http://ow.ly/xBmh

Stryker Biotech Employees Indicted for Wire Fraud, Conspiracy to Defraud FDA, Distribution of a Misbranded Device and False Statements to FDA

Stryker Corp.’s  small Biotech unit, the unit’s former president and three current sales managers were charged in federal court for alleged improper promotion of bone-growth products. FDA.gov…  http://ow.ly/xBbK Stryker Biotech indicted on several counts (Boston Business Journal)…   http://ow.ly/xhzK Stryker Statement in Response to the Indictment of Its Biotech Division…   http://ow.ly/xhAe

Osteotech’S MagniFuse Technology Used in First U.S. Surgery

MagniFuse PC (Posterior Cervical) Bone Graft, a new tissue-based product built upon the Company’s proprietary MagniFuse bone graft technology platform, has been used for the first time in a spinal surgery in the US. PRNewsWire…   http://ow.ly/x2Im

NuVasive Takes More Market Share

Company Chairman and CEO Alex Lukianov told the analysts on October 22, while the overall spine market will continue to grow in excess of 10%, NuVasive expects to generate revenue growth in the 30% to 35% range in 2010. Orthopedics This Week…   http://ow.ly/x2y6

Mazor Surgical Technologies Raises $13M in a Public Offering

Mazor Surgical Technologies is the developer of the SpineAssist – a miniature robotic guidance and positioning systems Company website…   http://mazorst.com/ “Medical device co Mazor raises double planned sum”  http://ow.ly/wJAB

Ziehm Imaging and BrainLAB Improve Trauma and Spine Surgery With X-Ray Based Navigation

     Ziehm’s “NaviPort” interface now allows high-resolution 3D images from the Ziehm Vision2 FD Vario 3D mobile C-arm to be used for surgical navigation driven by BrainLAB technology. Yahoo Finance…  http://ow.ly/wJDo

Stematix Obtains Exclusive License to Regenexx Stem Cell Procedure Treating Musculoskeletal Disorders in Latin America

    Stematix Inc., announced today it has signed an exclusive royalty-bearing license agreement, for the Latin American territory, to use an innovative process that rapidly grows a patients own adult stem cells to treat a variety of musculoskeletal diseases. http://ow.ly/wuCl

ArthroCare Names 75 Year Old David Fitzgerald as President and CEO

  http://ow.ly/wyJF

Curasan AG, Makers of Cerasorb, a Synthetic Bone Regeneration Material, Is Ramping Up Its Growth With a €1 Million Euro Investment in a Technological Program

http://ow.ly/wo01

General Electric Is Rolling Out a $250M Venture Fund to Buy Stakes in Small Companies That Are Developing New Healthcare Technologies

Reuters…  http://ow.ly/w8a7

AAOS: Choose Evidence Over Opinion

     Orthopedics This Week…  http://ow.ly/w3Sy

Stamford-Based Soft Tissue Offers Key to ACL Surgery

http://www.newstimes.com/ci_13612336#

Vertos Medical Closes $15.5 Million Series D Financing

Developer of the mild procedure for lumbar spinal stenosis (LSS), has completed a $15.5 million Series D financing. New investor, ONSET Ventures, led the round with participation from existing Vertos investors CHL Medical Partners, Foundation Medical Partners, Aweida Venture Partners and DFJ Mercury. Funding will be used to continue U.S. commercialization of the company’s mild technology, the least [...]

Biomet Announces Acquisition of the Assets of Cartilage Repair Company Cartilix

         Cartilix was founded in 2004 to develop cartilage repair and regeneration solutions. The company developed ChonDux™, a proprietary cartilage regeneration technology for repair of knee cartilage. ChonDux™ technology uses a biological adhesive and hydrogel to fill articular cartilage lesions. ChonDux™ technology is not yet commercially available. Clinical trials are scheduled to begin in Europe [...]

BioCeramic Therapeutics Raises £1.2 Million

BioCeramic Therapeutics, a London-based developer of bioactive materials for orthopaedic and dental applications, has raised £1.2 million in new VC funding. Backers include Imperial Innovations, Longbow Capital and return backers Comvest Ltd. and the Esmee Fairbairn Foundation. PEHUB…  http://ow.ly/vzfW

Ascension Orthopedics Appoints Guy Mayer as New CEO

MarketWire…  http://ow.ly/vzhZ

OrthoPediatrics Is Raising Another $6M

OrthoPediatrics is raising $6M, adding to $12.5M raised in July and $2M raised in August earlier according to SEC filings.  The funds will be used to develop its quiet cast removal technology for children. MedCity News…  http://ow.ly/vDJc  

MiMedx Group Sells Upper Extremities Business

Reuters…   http://ow.ly/vlAG

VC Investment in Medical Device Is Flat, but Better Than VC Investment in Other Sectors

Investments in the medical devices sector by venture capitalists was $774 million in 77 deals in third quarter 2009, down 3 percent from $796 million raised in 63 deals in the third quarter 2008. Silicon Valley/San Jose Business Journal…   http://ow.ly/vlDi

New CEO for SpineAlign

SpineAlign Medical, Inc. (formerly SpineWorks Medical, Inc.) announced that Gary L. Grenter will join the company as President and CEO. Gary joins SpineAlign with over 25 years of experience in the medical device industry and most recently was the Group President for Spacelabs Healthcare where he was responsible for all Operations in Europe, the Middle East [...]

Bone Growth Breakthroughs

   Biologic companies and research teams have found various ways to harvest mesenchymal stem cells and turn them into bone-forming cells to aid in healing bones, and some patients are now starting to enjoy the real benefits of the research Orthopedics This Week…   http://ow.ly/v6il

Waiting for the Dough – Sanuwave CFO Interviewed

The CFO of Sanuwave is prepared for years of intense capital-raising efforts and tough cost-allocation decisions on the way to profitability. Sanuwave’s EvoTron is CE marked for international markets for orthopedic and muscloskeletal indications. CFO.com…   http://ow.ly/v6bP

The Vertebroplasty Controversy –> Studies Show That Procedure Is No Better Than Control

NASS responds to NEJM Vertebroplasty Studies http://ow.ly/uRgQ New England Journal of Medicine:  “Randomized Trial of Vertebroplasty for Osteoporotic Spinal Fractures”  http://ow.ly/jrKF Dr. Mubin Syed evaluates findings; calls for additional research http://ow.ly/jLfH Arizona Pain Specialists ; conclusions are misleading – control used was a facet injection http://ow.ly/jrKC Major Effect on Orthovita’s stock price    http://ow.ly/jrKi Ortho SuperSite http://ow.ly/jvAM NY [...]

Spine21 to Develop the Bionic Inter-Spinous Process Spacers That Will Use Radio Frequency to Control Spacing

Spine21, an Israel spine startup that is a portfolio company of TechnionSeed, a partnership between four leading international VC funds and the Technion, Israel Institute of Technology.  Spine21 has received $222,000 loan for the venture.   http://ow.ly/uHn0

Orthopedic Device Industry Rattled by Proposed Tax

  News-Medical.net…   http://ow.ly/uHgX

The Kuklo Saga Comes Full Circle – Panel Finds Shortcomings in Bone Study but No Falsified Data

Orthopedics This Week…  “Kuklo Exonerated – Sort Of”  http://ow.ly/y9Oa NYTimes “…found instances of research misconduct but failed to find proof that he had falsified data.”   http://ow.ly/uLIu Dr. Timothy Kuklo resigns from Washington University after accused by U.S. Army officials of falsifying data in a clinical study Kuklo Investigations Grow – the former Army orthopedic surgeon [...]

BioMimetic Therapeutics Bone Product Trial Disappoints, but Stock Climbs

Augment bone graft shows lower bone fusion vs autograft.    Commentary from HealthPointCapital…   http://ow.ly/uxmR Reuters…  http://ow.ly/ugnD BioMimetic Therapeutics press release…  http://ow.ly/ugoY

Medical Device Startups Getting Squeezed by Recession and Lawmakers…Says New E&Y Report

Xconomy…   http://ow.ly/uxq9

The Capital of Orthopedics Is Sweating the Pending Health Care Changes

USAToday…  http://ow.ly/ukoM

Senate Finance Committee Panel Votes in Favor of Baucus Plan

http://ow.ly/ugsa

Celling Technologies Announces Initial Success With Res-Q System in Adult Stem Cell Therapy Procedures

 ThermoGenesis Corp (Nasdaq: KOOL), a leading supplier of innovative products for processing and storing adult stem cells, said today its Res-Q(TM) 60 BMC (“Res-Q”) System has demonstrated positive outcomes in its initial applications, according to its orthopedic distribution partner Celling Technologies, a subsidiary of SpineSmith, LLC. http://ow.ly/ugy4

Using EMG to Predict Knee Problems

Screening the knee muscles of an uninjured female athlete with electromyography (EMG) technology can determine if they are at a high risk for an anterior cruciate ligament (ACL) rupture (Orthopedics This Week)..  http://ow.ly/u4dU

Letter From the Ortho Capital: Don’t Add Taxes on Medical Device Makers

  Any health care bill that adds a tax on medical device makers would absolutely cripple our county, Kosciusko, and surrounding counties, Elkhart and St. Joseph, which derive most of their jobs and money from that industry. FortWayne.com…  http://ow.ly/tOgX

Solving Arthritis Pain Without Surgery or Drugs With Pulsating Electro-Magnetic Field Therapy (PEMF)

  No surgery, no drugs (The Hindu)…  http://ow.ly/tO7i

Surgix, a Computer Assisted Surgery Startup, Raises $500,000

  Surgix is developing computer system for real-time image guided surgery, mainly for orthopedic trauma. Surgix is a Maaylan Ventures Ltd. portfolio company. Maayan Ventures, which owns 32% of Surgix, invested $118,000. Surgix is developing a computer assisted system for real-time image guided surgery, mainly for orthopedic trauma. Its CEO is Oren Drori. The system [...]

World Arthritis Day Is Oct 12, 2009

http://www.worldarthritisday.org/

Cardo Medical Purchases Assets of Bankrupt Vertebron for Only $1.3M Cash at Auction

HealthPointCapital… http://ow.ly/tGCB

Impliant Completes the First 2 Implantations of Its New TOPS VersaLink Spinal System in UK and Belgium

   Impliant, Inc is a developer of novel motion-sparing alternatives to traditional spinal fusion surgery PRNewsWire…  http://ow.ly/tGBs The Complete List of Spine Startups…  http://orthostreams.com/?page_id=497

TiGenix Gains CE Mark for ChondroCelect, an ACI Treatment for Cartilage Regeneration, Plans Launches in in Germany, the Netherlands, United Kingdom and Belgium

What differentiates ChondroCelect from other ACI treatments is that TiGenix tests the tissue sample taken from the patient for certain genetic markers that predict whether the cells are likely to regenerate “ChrodroCelect Receives First-of-Its-Kind EU Market Clearance” (HealthPointCapital)…  http://ow.ly/tGzr

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February 22, 2012

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