CEO Interview With Cayenne Medical – Opportunities in the Sports Medicine Device Market

Changes and Opportunities in the Sports Medicine Device Market: Q&A With Cayenne Medical CEO David Springer (written by Laura Miller @ Beckers) David Springer, CEO of sports medicine device company Cayenne Medical, discusses the sports medicine market and the opportunities for success in the future. Q: What is the biggest trend in the orthopedics [...]

Report: FDA’S 510(k) Process Is “flawed”, Beyond Repair, Just Start Over

IOM Calls 510(k) Process “Flawed”, Recommends FDA Develop New System (written by Lauren Uzdienzki @ HealthPointCapital) The long-awaited IOM report on the 510(k) framework was released this morning, and, not unexpectedly, the IOM found flaws in the system. Less expected was the recommendation that the 510(k) was beyond repair and the FDA should just start over. One [...]

Where There’s Smoke, There’s Hip and Knee Complications

Where There’s Smoke, There’s Hip and Knee Complications (written by Biloine Young @ OTW) In one of the largest studies ever conducted to measure the effect of smoking on post operative orthopedic complications, researchers from the University of Alabama at Birmingham assessed the effects of cigarette smoking on 33,336 patients, 30 days after elective total hip [...]

FDA Backs Quicker Reviews for Hip Implants in Reply to Panel’s Report

FDA Backs Quicker Reviews for Hip Implants in Reply to Panel’s Report (Bloomberg) A program allowing U.S. regulators to approve moderate-risk medical devices in an average of 10 months instead of years shouldn’t be scrapped, the Food and Drug Administration said in response to an advisory panel report. The Institute of Medicine, asked by the agency to review [...]

Biomet Confirms Layoffs in U.S., Europe

Biomet confirms layoffs in U.S., Europe (written by Sherry Slater @ FortWayne.com) Biomet Inc. on Friday confirmed pending staff cuts of up to 200 jobs — 21 from U.S. operations and the rest from Europe. The orthopedics industry giant is reorganizing its global reconstructive business in a bid to boost growth [...]

Report: Indiana’s Life Sciences Industry: 2002-2010

Comprehensive 80-page report from BioCrossRoads details the state of Orthopedics, Med-tech and Pharma industries in Indiana. Click here for full report

Synthes Sues Globus Medical Again Over Infringement of Spine Patents

Synthes/Globus Patent Feud Resumes (written by Walt Eiersner @ OTW) Read the official complaint here Synthes USA, LLC is suing Globus Medical, Inc. again. The latest suit is after Globus paid Synthes $13.5 million in 2007 to settle allegedly infringement claims. This time Synthes is suing Globus over U.S. Patents [...]

5 Tips for Marketing Orthopedic Practices Using New Media

5 Tips for Marketing Orthopedic Practices Using New Media (written by Laura Miller @ Beckers) Here are five ways your orthopedic practice can market its services to the community using new media. 1. Create a social media presence. 2. Promote other events online. 3. Send electronic newsletters catered to your patients. 4. Update the [...]

Growing Angel Fund in Indiana, StepStone, Is Investing in Orthopedics

Angel investment firm adds 3rd chapter for life sciences (Indianapolis Business Journal) An Indianapolis angel investment firm focused on life science startups has tapped into the backbone of the state’s orthopedics products industry. StepStone Business Partners LLC’s new chapter in Warsaw is its third after establishing a presence earlier this year at the Flagship Enterprise Center in [...]

FDA Questions Classification of Alphatec’S PureGen Osteoprogenitor Cell Allograft for Spine Fusions

Alphatec Disputes FDA Warning Letter over PureGen (OTW) Alphatec Spine, Inc. Comments on Untitled Letter Related to PureGen Osteoprogenitor Cell Allograft (press release) Alphatec Spine to Answer FDA’s Questions on PureGen Product for Spinal Fusions (Beckers) The FDA has questioned whether PureGen is within the classification of human cell, tissue and cellular or [...]

10 Spine Surgeons Performing Cervical and Lumbar Disc Replacements

10 Spine Surgeons Performing Cervical and Lumbar Disc Replacements (written by Laura Miller @ Beckers) Paul A. Anderson, MD (University of Wisconsin, Madison) Hyun Bae, MD (Cedars-Sinai Medical Center, Los Angeles) Scott Blumenthal, MD (Texas Back Institute, Plano) Rolando Garcia, Jr., MD (Orthopedic Care Center) Jeff L. Garr, MD (Orthopedic Physician Associates, [...]

Smith & Nephew Ortho Restructures, Joe DeVivo Out –> Mike Frazzette In

Smith & Nephew: Restructuring of orthopedic business will free up resources for BRIC markets (MassDevice) Joe DeVivo out as Smith & Nephew merges operating divisions (Memphis Business Journal) DeVivo Out, Smith & Nephew to Restructure (written by Aisling Maki @ Memphis Commercial Appeal) Joseph “Joe” DeVivo is out as president of Orthopaedic Reconstruction [...]

Research Shows an Overall Decrease in Medtech VC Funding This Year

Dow Jones Shows Slight Decline in Venture Deals, Dollars, Since Last Year (Dow Jones) Venture capital firms invested $2.3 billion in 184 startups that Dow Jones classifies as healthcare, which includes healthcare services, biopharmaceuticals, medical devices, and medical software and IT. That was an 18 percent decline in capital and 12 percent slide in deals [...]

6 Surgeons Discuss the Strained Relationship Between Surgeon and Device Companies

Will There Be a Place for Orthopedic and Spine Surgeon Relationships With Device Companies in the Future? 6 Responses (written by Laura Miller @ Beckers) Six orthopedic and spine surgeons and industry members discuss the current state of surgeon relationships with device companies and what might be in store for the future. Todd Albert, MD, [...]

5 Facts About the Orthopedic Surgeon Compensation in 2010

Highest and Lowest Compensated Orthopedists in 2010: 5 Things to Know (written by Laura Miller @ Beckers) Some orthopedic subspecialists experienced an increase in compensation during 2010 while others decreased significantly. Spine surgeons are still the highest compensation subspecialists, but this year joint surgeons join them at the top. Here are five points on [...]

As Baby Boomers Age, Orthopedic Surgeons Will See More Demand

As Baby Boomers Age, Orthopedic Surgeons Will See More Demand (written by Robin Williams Adams @ The Ledger – Lakeland, FL) Aging baby boomers keep the market for knee and hip replacements strong, competitive and confusing. “Baby boomers are getting to the age where their joints are wearing out,” said Dr. Marc Volpe, an orthopedic surgeon [...]

Healthcare Venture Capital Investment Hits Five-Quarter High

Healthcare venture capital investment hits five-quarter high (MedCityNews) Healthcare venture investing reached its highest level in five quarters, with signs of a resurgence in early stage investing. Healthcare companies received $1.9 billion in investment during the second quarter, up 21 percent from the prior quarter and up 16 percent from the like quarter last [...]

FDA Studies Criticized by Editors of Leading Medical Journals

FDA Studies Criticized by Editors of Leading Medical Journals (written by Lauren Uzdienski @ HealthPointCapital) Ahead of yesterday’s House hearing, entitled Regulatory Reform Series #5 – FDA Medical Device Regulation: Impact on American Patients, Innovation and Jobs, Democrats asked the editors of leading medical journals to review two studies suggesting that the FDA is impeding U.S. [...]

Growth in Non-Fusion and Artificial Discs Expected as Spinal Implant Market Flattens

Growth in Nonfusion and Artificial Discs Expected as Spinal Implant Market Flattens (written by Laura Miller @ Beckers) The spinal implant market is expected to fall flat over the next few years despite the increase in the demographic that could benefit from spine surgery, according to a report from Millennium Research Group. In 2010, [...]

Extremities Joint Replacement Leader Ascension Orthopedics Raises $18.6M

Implant firm Ascension Orthopedics Inc.has raised $18.6 million of a planned $20.4 million round of funding. The Austin-based company collected the capital from nine investors, according to a Wednesday filing with the U.S. Securities and Exchange Commission . Ascension, which was founded in 1992, develops orthopedic implants for the shoulder, elbow, wrist, fingers and toes. The company [...]

List of 10 Spine Surgeons Who Are Advocates Through National Societies, Regional Programs or Practice Organizations

10 Spine Surgeon Advocates (written by Laura Miller @ Beckers) Here are 10 spine surgeons who are dedicated to spine advocacy efforts through national societies, regional programs or through practice organizations.

The Invisible Victims of the FDA Foot Dragging – Jobs

Steve Forbes: FDA Could Kill Millions of Us (Blog) A Killer Agency (TownHall.com commentary) Forbes magazine Editor in Chief Steve Forbes warns that the Food and Drug Administration’s foot-dragging on approving new antibiotics is leading to the “potential catastrophe” of a “bacterial apocalypse.” The FDA has been making the approval of new drugs increasingly burdensome in [...]

N.C. Nanotech Firm Branches Into Medical Devices via 2 Startups

N.C. nanotech firm branches into medical devices via 2 startups (MedCityNews) Nanotechnology-engineered thin film coatings used in industrial applications are now being developed for medical uses through two Charlotte, North Carolina-area startup companies. BioMedFlex and OrthoMedFlex have each raised just under $50,000 in separate fundraising rounds targeting $5 million, according to securities filings. George Barr, president of Industrial [...]

400 Medical-Device Companies Are Fighting the New 2.3% Medical-Device Tax Scheduled for 2013

UPDATE: Medical-Device Industry Urges Repeal Of Excise Tax (Dow Jones News) –Medical-device industry urges repeal of 2.3% excise tax –Tax expected to raise $20 billion over 10 years –Fee intended to offset cost of health-care overhaul WASHINGTON -(Dow Jones)- More than 400 companies in a letter Monday urged Congress to repeal a$20 billion medical-device tax scheduled to go into effect [...]

Stryker Dumps Hip Resurfacing

Stryker Dumps Hip Resurfacing (written by Walter Eisner @ OTW) Stryker Corp. is getting out of the hip resurfacing business. The company said on July 13 that it had cut its distribution and marketing ties with U.K.-based Corin Group PLC, maker of the Cormet hip resurfacing system. Stuart Simpson, Stryker VP [...]

Wright Medical to Distribute the Opus Knotless Suture System From ArthroCare

Wright Medical Group, Inc. Announces Exclusive Agreement with ArthroCare(R) Corporation for Foot and Ankle Products (press release) Wright Medical announced a supply and distribution agreement with ArthroCare Corporation, a leading company in orthopaedic sports medicine. ArthroCare will supply Wright with products for soft tissue fixation of the foot and ankle based on ArthroCare’s market-leading knotless [...]

ConforMIS, the Customized Total Joint Startup, Lands $1.4M Loan From MassDevelopment Loan

ConforMIS lands $1.4 million MassDevelopment loan | Funding Roundup (MassDevice) ConforMIS is on a roll the announcement that it secured a $1.4 million loan from MassDevelopment’s Emerging Technology Fund. The loan will go toward growing the Burlington, Mass.-based company’s supply chain and manufacturing capacity for its iTotal customized knee replacement system.

DFINE’S STAR System (Radio Ablation + Kyphoplasty) Is Used for Vertebral Cancer Cases in Germany

Orthopedic Clinic of Mainz University Medical Center deploys new system for the therapy of metastatic spinal tumors (AlphaGalelio) The Orthopedic Clinic and Policlinic at the University Medical Center of Johannes Gutenberg University Mainz (JGU) has recently deployed a new system for the treatment of spinal tumors for the first time. This treatment is a combination [...]

List of 10 Recent Orthopedic CEO Changes

Orthopedics industry is churning right now. Here is the list 10 recent CEO changes compiled by OrthoStreams. Medtronic CEO Bill Hawkins retires –> replaced by Omar Ishrak, former GE Healthcare CEO DePuy president David Floyd steps down amid controversy surrounding the hip recall –> Namal Nawana, a J&J insider, is appointed CEO Smith & Nephew CEO David Illingworth retires –> [...]

Smith & Nephew Turns Attention to Emerging Economies to Counteract Tough European Market

Smith & Nephew turns attention to emerging economies to counteract tough European market (The Independent) Olivier Bohuon, the new CEO of the FTSE 100 medical technology giant Smith & Nephew, will announce plans to grow the business in emerging markets next month. Mr Bohuon has been reviewing Smith & Nephew’s strategy since he [...]

5 Spine Surgery Trends to Watch for in 2011

5 Spine Clinical Developments to Watch for in 2011 (Written by Robert Watkins IV, MD, Co-Director, Marina Spine Center at Marina Del Rey Hospital) 1. Lateral interbody spine surgery. 2. Motion preservation spine surgery. 3. Image-guided spine surgery. 4. Robotic spine surgery. 5. Biologics.

Can Platelet-Rich Plasma (PRP) Release Pain?

PRP – Any Good For Pain? (written by Biloine Young @ OTW) Doctors have been using platelet-rich plasma (PRP) for years to promote healing after surgery. But is PRP any good for pain? Doctors at Rush University Medical Center, Chicago, are trying to find out if PRP can relieve knee pain in patients with mild to [...]

Loss of Knee Motion After ACL Reconstruction Leads to Osteoarthritis

Knee OA and ROM (written by Elizabeth Hofheinz @ OTW) Say it with me…Range of Motion! A new study—recently presented at the annual meeting of the American Orthopaedic Society for Sports Medicine—is showing that the onset of osteoarthritis (OA) may be related to a loss of knee motion after reconstructive ACL surgery. The team found [...]

15 Recent Orthopedic Device Company Partnerships and Acquisitions

The Big Companies Keep Growing Bigger: 15 Recent Orthopedic Device Company Partnerships and Acquisitions (written by Laura Miller @ Beckers) Since June 2011: Medical device company ArthroCare sold its Parallax and Contour products, which are used during spine surgery, to NeuroTherm. Sports medicine device company Cayenne Medical entered into a co-marketing partnership with Parametrics Medical to market Parametrics’ allografts, which are designed to [...]

FDA Reorganizes at the Top, Taps Ex-Dartmouth Dean for Post

FDA Reorganizes at the Top, Taps Ex-Dartmouth Dean for Post (Wall Street Journal) WASHINGTON—The Food and Drug Administration, whose relations with medical companies have been strained of late, named a former senior drug-company official and Dartmouth Medical School dean as its new deputy commissioner overseeing much of the agency’s operations. Commissioner Margaret A. Hamburg selected Stephen [...]

Former Marketing Manager at Kyphon Pleads Guilty to Federal Fraud Charges

Ex-Kyphon Manager Pleads Guilty to Fraud (written by Walter Eisner @ OTW) A former senior marketing manager for Kyphon, Inc., pled guilty in federal court on July 7 to ripping off Medtronic Inc. for at least $2.1 million. Jennifer Rutherford was responsible for selecting vendors to supply marketing merchandise that company reps could distribute at trade [...]

Medtronic Xomed Seeks $2.5M From Jacksonville to Create 175 New Jobs

Medtronic Xomed seeks $2.5 million from Jacksonville to create 175 jobs (Jacksonville.com) Medtronic Xomed Inc. is seeking $2.5 million in financial incentives from Jacksonville and the state for an expansion of the company’s Southside operation that would create 175 jobs.

List of 10 Top Surgeons Who Hold Spine Device Patents

Here are 10 spine and neurosurgeons who have invented and hold patents for spine devices. (written by Laura Miller @ Beckers) Edward Benzel, MD (Cleveland Clinic, Cleveland). Dr. Benzel holds at least nine patents for devices, including a cervical spine stabilization method and system and a spinal column retaining apparatus. He is chairman of [...]

J&J-DePuy Is Facing $1B+ in ASR Hip Litigation Costs

WSJ: JNJ Facing $1+ Billion in ASR Costs (written by Lauren Uzdienski @ HealthPointCapital) A Wall Street Journal article on Friday highlighted three companies facing “mass litigation”: Toyota for unintended acceleration, BP for last year’s massive oil spill and, now, DePuy and the ASR XL hip. The metal-on-metal hip has already led to a recall and [...]

IlluminOss Medical Announces 1st Minimally Invasive Ankle Fracture Treatment

IlluminOss Medical Announces First Minimally Invasive Ankle Fracture Treatment (press release) IlluminOss Medical Inc, the company pioneering photodynamic orthopedic implants, announced the first use of its system in the repair and stabilization of a fibula fracture, a common form of ankle fracture, in an 80 year-old female patient. Dr. Thomas Gausepohl, a leading [...]

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February 22, 2012

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