C5 Medical Werks Introduces “cerasurf”, a Higher Strength Ceramic Implant Material

Tough New Ceramic Introduced (OTW) C5 Medical Werks, of Grand Junction, Colorado, a manufacturer of advanced ceramic components for the medical device industry, announced the launch, December 21, of cerasurf, a new high strength biocompatible ceramic material. The company called cerasurf a “breakthrough material” that delivers high strength and high fracture resistance in combination with [...]

MiMedx to Acquire Surgical Biologics for Their Processed Amniotic Tissue

MiMedx Announces Agreement to Acquire Surgical Biologics (press release) The amniotic tissue processed by Surgical Biologics is donated by mothers who have scheduled Cesarean sections. The human amniotic membrane comprises the innermost layer of the placenta, and lines the amniotic cavity. Each donor is screened and tested in accordance with FDA regulations and AATB standards.

Med Tech Investment From the Israeli Perspective

Medical device companies face tougher times (Globes)

What Role Did Surgeon Fees Play in Success of Medtronic’S Infuse?

Doctors question journal articles (Milwaukee Journal Sentinel)

Zimmer Makes 2 Acquisitions in One Week – Swiss Power Tools and Chinese Hip & Knee Maker

Zimmer Announces Acquisition of SoPlus Orthopaedic Surgical Power Tools Company (press release) Sodem Diffusion S.A., the manufacturer of SoPlus Orthopaedic Surgical Power Tools based in Geneva, Switzerland. Zimmer Finalizes Acquisition of Chinese Orthopaedic Implant Leader Beijing Montagne Medical Device Co., Ltd. (press release) Beijing Montagne Medical Device Co., Ltd., a maker of hips, knees and instrumentation.

Bonovo Orthopedics, a Chinese Ortho Company, Gets New Funding

Bonovo Orthopedics, Inc. Closes Series C Financing Led by OrbiMed Asia Partners (Press Release) Bonovo Orthopedics, Inc. manufactures and distributes orthopedic implants and other orthopedic products for the Chinese healthcare market. The Company was formed in July of 2008 through the merger of three China-based companies with over 15 years of experience in manufacturing and [...]

Norton Hospital in Louisville Defends the Use of Medtronic Products That Are Questioned in the WSJ

Norton spine surgeons defend use of Medtronic device VIDEO (Wave3.com) Top Spine Surgeons Reap Royalties, Medicare Bounty (WSJOnline)

Smith and Nephew Moving Corporate Offices and Adding Jobs

Smith & Nephew adding 100 jobs in Memphis (Memphis Business Journal) Smith & Nephew Adds Jobs in Memphis (OTW)

Medtronic CEO, Bill Hawkins, Resigns

Medtronic CEO to Retire in April (WSJ) MEDTRONIC ANNOUNCES CHAIRMAN AND CEO WILLIAM A. HAWKINS TO RETIRE AT END OF COMPANY’S CURRENT FISCAL YEAR (Medtronic)

SBI Raises $15M to Focus on STAR Total Ankle Replacement

Small Bone Innovations, Inc. Raises $15 Million in Series F Financing (Press Release) Anthony G. Viscogliosi, SBi’s Chairman & CEO, said: “We are highly encouraged by SBi’s favorable sales and business performance, given the state of affairs of the current orthopedic hip, knee and spine markets with declining procedure volumes and payor pushback.

Orthofix Will Shed Jobs During Consolidation of Its 3 Divisions – Spine, Orthopedics and Sports Medicine

Orthofix To Axe Medical Device Jobs (Pharmaceutical Jobs) Orthofix Lowers Rev Outlook, Sees Charges From Layoffs, Settlement (WSJ)

5 Reasons Why Metal-on-Metal Hips Are Controversial

5 Reasons Why Controversy Surrounds Metal-on-Metal Hip Replacements (Becker) 1. Patients can develop soft tissue reactions to wear debris. 2. The popularity of metal-on-metal could wane. 3. Alternatives to metal-on-metal also have difficulties. 4. New technologies are available. 5. AAOS supports appropriate use of metal-on-metal.

Word on the Street – Biomet Owners to Acquire Smith and Nephew for $11B

Biomet owners look to arrange $11B marriage (Indianapolis Business Journal) Rumored orthopedics deal discounted (Fort Wayne Gazette)

Finally… Lanx Has a CEO After the False Start With Michael DeMane

Lanx, Inc. Appoints Dan Gladney Chief Executive Officer (Press Release) Lanx Announces Corporate Leadership Change (PRNewsWire) Lanx: The Saga Continues (The Spine Blogger) Lanx Appoints Medical Technology Industry Leader Michael DeMane Chairman and Chief Executive Officer (PRNewsWire)

Boston Startup Naps $18M to Develop Implant Coatings

Semprus Scores $18M More to Help Improve Medical Devices (Xconomy) MIT Spinout Semprus BioSciences Looks for Strong Bonds with Medical-Device Companies After Closing $8M Series A (Xconomy) Semprus spun out of MIT biotech inventor Bob Langer’s lab in 2007, and was previously called SteriCoat. The startup is developing surface technologies for medical devices that can [...]

4 Reasons Why Spine Surgeons Will Still Perform Vertebroplasty

4 Reasons Why Spine Surgeons Will Still Perform Vertebroplasty (Beckers) 1. Not all literature has been reviewed. 2. Vertos II shows vertebroplasty effective. 3. Kyphoplasty is a more expensive alternative to vertebroplasty. 4. There is an alternative to using PMMA during vertebroplasty.

Are Fibrin Microthreads the Future in Orthopedic Stem Cell Delivery?

Training Stem Cells to Sit, Stay (OTW) A team of intrepid stem cell whisperers from Worcester Polytechnic Institute believe they may have found a clever solution. The team’s paper, “Fibrin microthreads support mesenchymal stem cell growth while maintaining differentiation potential ,” was published online, ahead of print, on November 29, 2010, by the Journal of Biomedical [...]

Fierce Competition Predicted in the $740M MIS Spine Market

Competition To Increase in the $740 Million Minimally Invasive Spinal Fusion Market (OrthoSpineNews) According to Millennium Research Group, competition will intensify in the $740 million minimally invasive spinal fusion market with many players entering this fast-growing space.

DePuy ASR Hip Lawsuits Are Being Consolidated in the Federal Court

DePuy ASR Lawsuits Consolidated (OTW) Numerous lawsuits have been filed throughout various jurisdictions throughout the U.S. The recall affects 93,000 people, including 37,000 in the U.S. Those lawsuits are now being consolidated in the federal court in the Northern District of Ohio by order of the Judicial Panel on Multidistrict Litigation. The panel indicated [...]

Ortho Kinematics Raises $2M to Diagnose the Cause of Back Pain

Ortho Kinematics raises $2M of $5.1M round (Austin Business Journal) Ortho Kinematics is working to create medical devices that can help pinpoint the cause of neck and back pain, a new area in the spinal diagnostics market. The company uses KineGraph VMA Technology, hardware added to standard fluoroscopy imaging that works in conjunction with another [...]

SBi Sells Shoulder Assets to France Company, FX Solutions

SBi sloughs shoulder-related assets to French firm (MassDevice) SBi Sells Orthopedic Shoulder Technology to Fx Solutions of Bourg-en-Bresse (Press Release) Small Bone Innovations, Inc. (SBi), a leading, privately held orthopedics company focused primarily on arthroplasty and trauma reconstruction technology and treatments for the small bones & joints, has sold its shoulder-related assets. The transaction is [...]

Stryker to Sell OP-1 to Olympus to $60M for All Bone Applications

Stryker Cuts Off OP-1 (OTW) It’s over. Stephen MacMillan and Stryker Corporation have washed their hands of OP-1 Stryker Announces Definitive Agreement to Sell OP-1 for Use in Orthopaedic Bone Applications to Olympus (Press Release) The transaction also includes the sale of the manufacturing facility in Lebanon, NH.

Jeffrey Shuren Talks About the New 510(k) Process

Shuren Innovation Update (OTW) Shaky Industry Confidence Recommendation Roadmap Political Cover Remarks: MassMEDIC FDA Update Conference, December 1, 2010 (FDA)

Dr. Larry Dorr Performs First Robot-Assisted Total Hip Replacement in the US

Robotic Hip Replacement, a First (OTW) List of CAS/Robot Startups

The 9 Biggest Issues for Orthopedic Surgeons in 2011

The Year Ahead: 9 Biggest Issues for Orthopedic Surgeons in 2011 (Beckers) 1. Healthcare reform law. 2. Reimbursement rates. 3. Evidence-based medicine. 4. Accountability among orthopedic surgeons. 5. Surgeon/device company relationships. 6. National Joint Registry. 7. Spine surgery advances. 8. Subspecialty-focused orthopedic programs in hospitals. 9. Increased need for internet presence. Read other coverage [...]

FDA Refutes the Findings of Standford Study

UPDATE: CDRH chief Shuren blasts Stanford study on medical device regulations (MassDevice) Center for Devices and Radiological Health director Dr. Jeffrey Shuren fires back at recent study from Stanford University on the costs associated with satisfying Food & Drug Administration rules during the 510(k) process. : FDA Process “Unpredictable,” “Characterized by Disruptions and Delays” (HealthPointCapital) [...]

Outlook for Spine in 2011 – Chris Zorn Weighs In

Outlook for Spine in 2011 (OTW)

Stryker Past and Future Health Is Discussed in Forbes

Artifical Knee- And Hip-Joint Maker Stryker Can Stand Tall Again (Forbes)

Synthes to Pay $23M Fine and Divest the Norian business… Next Comes Executive Sentencings

Synthes fined $23 million, must divest over illegal use of bone cement Synthes Inc. and its Norian Corp. subsidiary formally pleaded guilty to charges that they illegally experimented with a bone cement on patients’ spines and will pay fines totaling $23.2 million. U.S. District Judge Legrome D. Davis has not yet scheduled sentencing for four [...]

February 22, 2012

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