Medtronic trims 2011 earning outlook and plans to cut 2,000 jobs
Medtronic trims 2011 view, to cut up to 2,000 jobs (Reuters) Medtronic Inc cut its full-year earnings forecast, hampered by weakness […]
VC speaks out: Fix FDA or watch business go overseas
Top device VC: Fix FDA or watch business go to Costa Rica (MassDevice) The “inefficient and unpredictable regulatory system” at
The FDA backlash reaches a U.S. House subcommittee
Medical device industry tees off (MassDevice) The medical device industry’s public relations campaign to push the regulatory agenda its way
KYOCERA and Japan Medical Materials Corporation Open U.S. Design Center for Medical Components
KYOCERA and Japan Medical Materials Corporation Open U.S. Design Center for Medical Components (EON) Kyocera Industrial Ceramics, a medical implant
MedMarket Diligence releases report on Sealants, glues, hemostasis in orthopedic applications
Potential for Sealants, Glues, Hemostats and Other Securement Products in Orthopedic Applications (MedMarket Diligence) Frequency of Major Surgical Interventions (000)…
Editorial: Stryker’s presence is a boon for Kalamazoo area
Editorial: Stryker’s presence is a boon for Kalamazoo area (MLive)… Unlock the full article and exclusive OrthoStreams insights: in-depth analyses,
AAOS summarizes the negative Metal-on-Metal clinical data presented at AAOS
AAOS: Little Love for MoM in Studies (MedPageToday) AAOS… “Metal-on-Metal implants are associated with higher revision rates and failure rates
AAOS: No Benefit in Mobile-Bearing Knee Implants
AAOS: No Benefit in Mobile-Bearing Knee Implants (MedPageToday) Mobile-bearing knee replacements appear to offer no advantages in range-of-motion, pain relief,
AAOS: Knee replacements hold up well after 20 years
Knee replacements hold up well after 20 years (LA Times) Knee replacement surgery has become common in the last 30
AAOS: Metal-on-Metal Hips, Dr. Josh Jacobs says we need more look for better bearings
AAOS Second VP: More Innovation Needed to Develop Lasting Hip Implant (ODT Mag) VIDEO: Maybe it was some sort of
Medical Outlook in 2011
Medical Outlook 2011 (Today’s Medical Developments) Medical devices continue to offer strong showings and high growth, but growth in the
Sanofi to acquire Genzyme for 4.7X sales multiple
Sanofi-Aventis to Acquire Genzyme (LAUREN UZDIENSKI @ HealthPointCapital) After a long and very public negotiation, Genzyme has agreed to be acquired by
Stryker challenges competitive metal-on-metal hips with its new ceramic hip clearance
Stryker’s Newest Clearance Hits MoM Competitors (OTW)… Unlock the full article and exclusive OrthoStreams insights: in-depth analyses, hot startups, trends,
FDA warns patients of issues with Metal-on-Metal hips
FDA Airs Concerns About Hip Joints to Patients (MedPageToday) In a set of web pages, the FDA cited problems that can
DJO continues to transform itself after the 2007 merger
MEDICAL: Vista’s DJO reports progress in merger (North County Times) DJO Global and Lima Corporate Expand U.S. Partnership (press release)
Trauma extremities startup, Sonoma Orthopedic Products, lands $22M in Series D funding
Sonoma Orthopedic Products raises $22 million (press release)… Unlock the full article and exclusive OrthoStreams insights: in-depth analyses, hot startups,
Report: Patient safety is not compromised with faster EU regulatory process
AdvaMed-Sponsored Report Says Safety Not Improved By Longer Approval Process (WSJ) A new report prepared by the Boston Consulting Group shows
The “only” Orthopedic PMA approval in 2010 – Depuy gets Ceramic hip clearance
Ceramax: FDA’s Lone 2010 Ortho Approval DePuy Orthopaedics’ Ceramax Ceramic Total Hip System has been approved, with conditions, by the
3D x-rays for lower limb approved by FDA
FDA Clearance for EOS imaging (OTW)… Unlock the full article and exclusive OrthoStreams insights: in-depth analyses, hot startups, trends, market
AAOS Responds to FDA’s Public Health Communication on Metal-on-Metal Hips
AAOS Responds to FDA’s Public Health Communication on Metal-on-Metal Hips (press release) Orthopaedic surgeons raise awareness and provide information on
CEO change at Smith & Nephew – Dave Illingworth out, Olivier Bohuon in
S&N announces chief executive to retire (FT) Mr Illingworth will be succeeded by Olivier Bohuon on April 1 at Smith
The FDA is forcing medical device companies to focus on OUS markets
Medical Device Makers Shun United States (NYTimes) Medical device industry executives and investors are complaining vociferously these days that the
CEO change at Cayenne Medical – David Springer to replace Jim Hart
Cayenne Medical, Inc. Appoints David B. Springer President & CEO (press release)… Unlock the full article and exclusive OrthoStreams insights:
FDA to Approve Innovative Medical Devices in Half the Time
FDA to Approve Innovative Medical Devices in Half the Time (MedScape) FDA Launches Medical Device Innovation Initiative (FDA) FDA
Departure of DJO’s CEO leaves the company with uncertain future
Medical Device Maker DJO Seeking New CEO (San Diego Business Journal) DJO Incorporated Announces Planned Transition of President and CEO
ConforMIS gains FDA clearance for 1st patient specific knee instrument system
FDA Clears First Patient-Specific Implant System for Total Knee Replacement (press release) The iTotal CR system uses computer modeling to
CEO survey says that California’s Biomedical Industry is poised for growth
California’s Biomedical Industry is Poised for Growth Despite Increasing Global Competition, According to the 2011 California Biomedical Industry Report (press
Synthes voluntarily removes N-Hance spine fusion system from the US market
Synthes Packs Up N-Hance in U.S. (OTW) Synthes Spine is not waiting for a warning letter from the FDA regarding
Use of PRP reduces blood loss after Total Knee surgery
PRP Cuts Surgical Blood Loss (OTW) Patients undergoing total knee replacement surgery experience markedly less blood loss when treated with
Tornier IPO price is set at bottom of range by underwriter
UPDATE 1-Tornier IPO prices at bottom of range-underwriter (Reuters) Tornier B.V. files for upto $205 mln IPO (Reuters) S-1 Filing
Vertiflex lands $14M in funding for Superion clinical trial
VertiFlex®, Inc. Announces Financing and New Investment Partner (press release) VertiFlex, a leading innovator of percutaneous and motion preserving spinal
Zimmer makes job cuts at its home base
Zimmer makes job cuts at Warsaw operation (Fort Wayne Jounal Gazette)… Unlock the full article and exclusive OrthoStreams insights: in-depth
Kensey Nash acquires Medical Adhesives and Coatings Technology for $20M
Kensey Nash Acquires Medical Adhesives and Coatings Technology (press release)… Unlock the full article and exclusive OrthoStreams insights: in-depth analyses,
Hospital Capital Expenditures Continue to Improve
Hospital Capital Expenditures Continue to Improve (HealthPointCapital) Hospital Capital Expenditures Continue to Improve by Sander Duncan @ HealthPointCapital Hospital capital
Greatbatch building new $17M facility in Fort Wayne to make orthopedic instruments
Greatbatch Medical Building New Plant in Fort Wayne, Indiana (Area Development) Orthopedics supplier drawn by workforce (Fort Wayne Journal Gazette)
OrthoSensor ushers in a new category – Smart Implants to monitor early signs of infection, bone ingrowth and other problems
OrthoSensor’s ‘RoboCop’ Tech Opens Up New Orthopedic Vistas (WSJ) OrthoSensor, Intelligent Orthopedic Device Innovator, Secures $21 MM Series B Financing
iWalk raises $15M in series C to further develop an active prosthetic foot
iWalk Before You iRun: MIT Prosthetics Startup Ramps Up Operations With New VC Money (Xconomy) http://www.iwalkpro.com/… Unlock the full article
Arthrex acquires Cardo Medical’s total joint assets
Cardo Medical, Inc. and Arthrex, Inc. Announce Signing Definitive Agreement for the Sale of All of the Assets of Cardo
Arthrex is expanding facilities and workforce in Naples
Arthrex poised to expand work force in Southwest Florida (news-press.com)… Unlock the full article and exclusive OrthoStreams insights: in-depth analyses,
FDA Announces 510(k) Changes
FDA Announces 510(k) Changes (HealthPointCapital) FDA to improve most common review path for medical devices (FDA) 510(K) AND SCIENCE REPORT
A glimpse into the future of fracture repair – an injectable biologic putty
Astonishing Fracture Repair From DARPA (OTW) The researchers, led by doctors Mauro Ferrari and Ennio Tasciotti, with the Methodist Hospital
3 Medtronic spine surgeons sue each other for rights to $60M in royalties
Spine surgeons fighting over future royalties (Corrier-Journal) Three Louisville spine surgeons have had a falling out over as much as
S+N statement: will start informal negotiations with Biomet
Smith & Nephew Says It’s Not in Talks to Be Bought or Make an Acquisition (Bloomberg) Smith & Nephew’s Tantalizing
Bill Hawkins predicts “mild pain” after the FDA’s 510(k) overhaul
Medtronic’s Hawkins: 510(k) changes to be ‘neutral to slightly negative’ (MedCityNews) Outgoing Medtronic (NYSE:MDT) Chief Executive Bill Hawkins is predicting
Globus acquires Facet Solutions for undisclosed amount
Globus Medical Announces the Acquisition of Facet Solutions Inc. (press release)… Unlock the full article and exclusive OrthoStreams insights: in-depth
How to Increase Surgeon Adoption of Your Medical Devices
How to Increase Surgeon Adoption of Your Medical Devices (OrthoSpineNews) 28%. This is the statistic derived from one of the
Promotions in Orthopedics
Orthofix promotes CFO Vaters to new role of COO (press release) Orthofix said Tuesday it promoted Robert Vaters toCOO. Vaters
Wright Medical signs bone graft distribution deal with AlloSource
Wright Medical signs bone graft distribution deal with AlloSource (press release) Wright Medical Group, a global orthopaedic medical device company,
Interface Biologics naps $7M in funding
Interface Biologics Announces $7M Financing (press release) nterface Biologics Inc. (IBI), a privately held commercial stage developer of transformative biomedical-polymer
Medtech giants are on the hunt for acquisitions
Med-tech’s giants go on hunt for deals: Medtronic and other leaders turn to acquisitions as they seek their next blockbuster