Wow! ConforMIS Raises $89M to Expand Sales, Manufacturing, Technology

     ConforMIS Adds $89M to Expand Sales, Manufacturing, Technology (Erin Kutz @ Xconomy) Burlington, MA-based ConforMIS, a medical device company with a newly FDA approved knee replacement system, announced today that it has secured $89 million in a Series E investment. The money comes from London-based AGC Equity Partners, New York-based Axel Johnson, government investment funds from Asia and the [...]

Interview: Paul Nichols of Bio2 Technologies Answers Questions About the State of Orthopedic Industry

    An Inteview with Paul Nichols (Editor @ HealthPointCapital) We recently spoke with Paul Nichols, the current Executive Chairman of Bio2 Technologies who formerly worked with HealthpointCapital as President and CEO of Nexa Orthopedics. Learn what he has to say about the opportunities and challenges of the musculoskeletal industry and his advice for young companies. [...]

Simbionix Acquires 3D Arthroscopic Surgery Training Technology

      Simbionix acquires arthroscopic surgery simulation technology (MedCityNews) Medical education company Simbionix has acquired for an undisclosed amount surgical simulation technology that helps doctors train for arthroscopic procedures. Simbionix’s acquisition of the Arthro VR product line from Spanish firm GMV will expand its customer reach among orthopedic surgeons, according to a statement from Cleveland- and Israel-based Simbionix. The [...]

A Report From the ArgoSpine Symposium in Paris

     Report from the 16th Annual ArgoSpine Symposium HealthPointCapital is in Paris for the 16th annual ArgoSpine Symposium. Each year, ArgoSpine selects a theme for the event, and the latest is disorders in the junctional regions of the spine (previous topics have included the recent history of spine surgery and spine imaging).  Industry presence is much lighter than [...]

The 7 Top Concerns for Orthopedic Spine Surgeons in 2012

     7 Top Concerns for Spine Surgeons in 2012  (Laura Miller @ Beckers) Four spine surgeons discuss the topics weighing most heavily on them and their practices heading into 2012. Treating Medicare patients. Insurance company coverage for spinal procedures.  Proving spine surgery is effective in the literature.  Contracting at outpatient surgery centers.  Spine surgeons are [...]

7 Spine Surgeons Answer – Would You Consider Using Robotic Technology in the or if Cost Were Not an Obstacle?

    7 Spine Surgeons on Using Robotic Technology (Laura Miller @ Beckers) Q: Would you consider using robotic technology in the OR if cost weren’t an obstacle? Dennis Crandall, MD (Medical Director, Sonoran Spine Center, Mesa, Ariz.): Because of the precise tension or retraction tolerated on neural structures, I would be very hesitant to allow a [...]

Stryker Biotech Has Dodged All OP-1 Prosecutions Except One – Mark Phillips, the Former President

   Stryker Pays $15M Fine in a DOJ Settlement After Unapproved OP-1 Clinical Study OP-1 Prosecutions Down To One (Walter Eisner @ OTW) The Boston Globe reported on January 20 that prosecutors dropped felony conspiracy and fraud charges against two remaining Stryker Biotech OP-1 sales reps on trial in Boston. Judge George O’Toole, Jr. of the [...]

18 Orthopedic Company Partnerships & Acquisitions Completed in the Last 6 Months

      18 Orthopedic Device Company Partnerships & Acquisitions   (Laura Miller @ Beckers) 1. Arthrex partnered with ThermoGenesis to market the ThermoGenesis Res-Q System for autologous platelet-rich plasma and bone marrow concentrate. 2. Bacterin signed a distribution agreement with Jeil Medical to distribute Jeil’s LeForte System. 3. Baxter International acquired Synovis, a provider of biologic and mechanical [...]

New Report: Venture Capital Investment Rose 22% Last Year

     Study: Venture investment rose 22% in 2011 (OrthoSpineNews) Venture capitalists opened their wallets wider in 2011, investing $28.4 billion, up 22 percent, in 3,673 deals, up 4 percent, according to a MoneyTree Report today. Fourth-quarter investments totaled $6.6 billion in 844 deals, down 10 percent in dollars and an 11 percent decline in deals [...]

12 New Research and Development Projects Announced by Orthopedic Companies

     12 Research and Development Projects for New Orthopedic & Spine Technology (Laura Miller @ Beckers) Here are 12 orthopedic and spine technology research and development projects. DePuy Orthopaedics recently announced its plan to spend $7 million on research and development equipment for its company by 2014. At the same time, it announced plans to spend [...]

Sales Reps From Stryker Biotech Escape Federal Charges in Off-Label Marketing Lawsuit

     Stryker Biotech reps get off clean in off-label marketing suit (MassDevice) Federal prosecutors drop all charges against the 2 remaining Stryker Biotech sales reps after the company pleaded guilty to charges of off-label marketing and agreed to pay a $15 million fine. Federal prosecutors dropped all charges against the 2 remaining Stryker Biotech sales [...]

FDA Issues Guidance on IDEs for Knee Cartilage Repair/replacement

          FDA issues guidance on IDEs for knee cartilage repair/replacement devices and drugs (MassDevice) The FDA issues new guidance on proper submissions for investigational device exemption and investigational new drug applications for products intended to repair or replace knee cartilage. The FDA this week issued new guidance on getting clearance for clinical trials of [...]

J&J’S Depuy to Stop Selling All Custom Devices After Receiving FDA Warning Letter

      J&J’s Depuy to stop selling all custom devices in response to FDA warning (MassDevice) Johnson & Johnson subsidiary Depuy Orthopaedics decides to stop selling all custom devices following an FDA letter warning the company to file new PMA and 510(k) applications for several components. Johnson & Johnson subsidiary DePuy Orthopaedics decided to stop [...]

Pioneer Surgical Technology Expands Biomanufacturing Facility in Greenville, NC

      Pioneer® Surgical Technology, Inc. Announces the Expansion of its North Carolina Biomanufacturing Facility (press release) Pioneer Surgical doubles the size of its Greenville, North Carolina biomanufacturing facility to accommodate growth of its biologics line, which includes the flagship product nanOss® Bioactive and the recently launched nanOss Bioactive 3D. Pioneer Surgical Technology today announces the [...]

Stryker Pays $15M Fine in a DOJ Settlement After Unapproved OP-1 Clinical Study

         Stryker Reaches Settlement with the U.S. Attorney’s Office (press release) Kalamazoo, Michigan – January 18, 2012 – Stryker Corporation (NYSE:SYK) announced today that Stryker Biotech has reached a settlement with the U.S. Attorney’s Office for the District of Massachusetts.  As part of the settlement, Stryker has agreed to plead to one misdemeanor [...]

MedShape Launches 2-Part PEEK ACL Fastener

        MedShape Releases ExoShape Tissue Fastener (Elizabeth Hofheinz @ OTW) MedShape, Inc. has announced the full U.S. commercial release of the ExoShape Soft Tissue Fastener, a two-part PEEK Altera interference fixation device meant to simplify and improve soft tissue graft fixation during anterior cruciate ligament (ACL) reconstructive surgery. MedShape has shipped the first [...]

Korea Set to Approve Stem-Cell Drugs for Cartilage Repair

     Korea Set to Approve Stem-Cell Drugs for Cartilage Repair (Biloine Young @ OTW) The officials of two South Korean biotechnology firms expect to receive Korean Food and Drug Administration (KFDA) approval for their stem cell drugs this month. Approval will pave the way for the world’s second stem cell-based medicines to enter the market. [...]

Knee Replacement Surgery Incidence Soars in Those Over Age 50

  Knee Replacement Surgery Incidence Soars In Those Over Age 50 (Medical News Today) Researchers in Finland found that annual cumulative incidences of partial and total knee arthroplasty, commonly known as knee replacement surgery, rose rapidly over a 27-year period among 30 to 59 year-olds in that country, with the greatest increase occurring in patients aged [...]

The 10 Biggest Concerns for Orthopedic Surgeons in 2012

      10 Biggest Concerns for Orthopedic Surgeons in 2012 (Laura Miller @ Beckers) Q&A with 4 orthopedic surgeons who discuss the following topics as we head into 2012. Balancing declining reimbursements with raising practice costs. Restricted access for Medicare patients. What the poor economy of 2011 means for joint replacement in 2012. Will 2012 [...]

DiFusion Technologies Lands $5.2M Funding for Antimicrobial Technology for Use in Orthopedic Implants

       website DiFusion gets $5.2M of planned $16M funding (Austin Business Journal) Medical device maker DiFusion Inc. has received $5.2 million of a planned $16 million financing. The Georgetown-based company collected the capital from 54 investors, according to a Friday filing with the SEC. DiFusion, which was founded in 2008, is working on a new [...]

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May 18, 2012

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