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Orthopedic and Dental Industry News

December 2005

Six Industry Reports BY LAING RIKKERS, DECEMBER 29, 2005

February 2010 update: These reports are no longer available for purchase. Learn more here. In June, 2005 HealthpointCapital began publishing a series of whitepapers on topics critical to the Orthopedic Industry. Here is full list of our reports: 1. Gainsharing... more

SpineVision's PediGuard Hits 1000th Surgery Milestone BY SHELLY ACHAIBAR, DECEMBER 27, 2005

SpineVision's PediGuard device reached the milestone of performing its 1000th spine surgery procedure. This device is the first and only FDA-cleared Class II free-hand electronic pedicle preparation instrument. The tool is able to detect possible cortex perforation in the vertebral... more

2005 Editorial Highlights BY LAING RIKKERS, DECEMBER 27, 2005

Being the end of the year, we wanted to highlight our top 5 editorials of 2005. Our Research staff and guest bloggers focused on regulatory and pricing issues this year as the most important topics facing the industry. 1. Doctors... more

Orthopedic News Roundup 23-Dec-05 BY MATTHEW JAFFE, DECEMBER 23, 2005

Appointment Orthofix announced the appointment of Keith E. Jansen as the company's first VP and General Manager of its vascular business. Prior to joining Orthofix, he was Vice President of Sales for Cortek, Inc. Mergers & Acquisitions Smith & Nephew... more

Biomet Reports its 2Q:06 Financials; Misses Analyst Expectations by $0.02 BY JOHN CHOPACK, DECEMBER 22, 2005

Biomet reported that earnings-per-diluted share (EPS) totaled $0.41 for the 2Q:06 which was $0.02 below the $0.43 analyst's were forecasting. Revenues for the quarter increased by 8% and totaled $494.7 million which was slightly below analyst estimates of $503.5 million.... more

Osteotech Gets FDA Approval BY SHELLY ACHAIBAR, DECEMBER 21, 2005

After a number of recent set backs, Osteotech is making headway with its GraftCage Product Line. Today, the Food and Drug Administration (FDA) has cleared its 510(k) application for the GraftCage TLX System, the second approval for Osteotech's Graftcage product... more

Regeneration Technologies Breaks Its Chains BY JOHN CHOPACK, DECEMBER 20, 2005

Regeneration Technologies, Inc. (RTI) announced today that it had amended its distribution agreements with both Exactech and Medtronic. Exactech's new contract has eliminated its exclusive right to sell RTI's allograft paste products for general orthopedic and dental applications. Medtronic's new... more

Zimmer is in the Press all Week Long BY JOHN CHOPACK, DECEMBER 16, 2005

Zimmer Holdings was busy this week, issuing three press releases to announce a management reorganization, a stock buyback plan and the approval of its ceramic-on-ceramic hip system. The stock jumped 4% during the week as well. On Tuesday, the Company... more

New downloadable Orthopedic Report: Gainsharing 2006 - How it Works, and What You Can Do to Prepare BY EDITOR, DECEMBER 16, 2005

February 2010 update: This report is no longer available for purchase. Learn more here. Is the new gainsharing a lion - or a paper tiger? Device manufacturers and surgeons alike ought to get acquainted with the facts behind gainsharing. The... more

Public Ortho Companies Raising Money BY DAVID KRESSEL, DECEMBER 15, 2005

In the past 24 hours, two public orthopedics companies have made announcements regarding fundraising. First, Orthovita (VITA) announced the completion of a $13m PIPE (Private Investment in Public Equity). It was primarily sold to Magnetar Capital, and issued at $3/share,... more

Outsourcing in Health Insurance BY SHELLY ACHAIBAR, DECEMBER 15, 2005

The rising cost of health insurance is a significant issue in the United States. Roughly 45 million people are uninsured and Medicare and Medicaid are chronically under funded. Private insurance has become big business and spending has risen faster than... more

Orthopedic News Roundup 15-Dec-05 BY HUYEN NGUYEN, DECEMBER 15, 2005

Since we have one more week until the arrival of the holiday season, many companies are wrapping up their businesses as they patiently await for fiscal year 2005 to end. So far, December has been a good month for orthopedic... more

SpineMark Closes $10m BY HUYEN NGUYEN, DECEMBER 14, 2005

SpineMark is an operator of clinical and research-oriented spine centers, founded in 2004 as a joint venture between TBI Holdings (the management company of Texas Back Institute) and Management Technology Resources. The Company announced a closing of the first $10... more

Orthopedic Journalists Change their Tune BY JOHN CHOPACK, DECEMBER 13, 2005

During the middle of 2005, several journalists covering the orthopedic market from Reuters, TheStreet.com, Forbes and The Wall Street Journal Online were harping on the problems facing orthopedic manufacturers. These problems included heavy pricing pressure from hospital administrators, a Department... more

Facet Solutions Raises $16.5m BY DAVID KRESSEL, DECEMBER 13, 2005

Facet Solutions, a Logan, UT based privately held company, recently closed its Series B funding. The $16.5m round was led by Pequot Ventures and De Novo Ventures, who were joined by Series A lead Spray Venture Partners. According to Spray's... more

Orthopedic News Roundup 8-Dec-05 BY HUYEN NGUYEN, DECEMBER 8, 2005

Due to last week's Merrill Lynch investor conference (subscription may be required), investors have regained confidence in the orthopedic sector after the industry faced some hurdles within the past few months. In our HealthpointCapital Weekly Valuation Index, P/E (price-to-earnings) jumped... more

SpineVision Raises $16m BY DAVID KRESSEL, DECEMBER 7, 2005

SpineVision, a French spinal implant company, announced the close of a Series D fundraising. They added $16m to the $30.6m they've raised since 1999. The round was led by Bio*One Capital, the investment arm of the Singapore Economic Development Board.... more

Dubai Healthcare City-DHCC BY SHELLY ACHAIBAR, DECEMBER 7, 2005

Dubai, known as the shopping capital of the Middle East famed for its gold market and often referred to as "the city of gold", is now establishing a new presence in healthcare. Dubai Healthcare City (DHCC), an estimated 4.1 million... more

More IP Litigation for Kyphon BY DAVID KRESSEL, DECEMBER 5, 2005

Kyphon is back in court. They recently filed a suit (with Dr. Harvinder Sandu) against Medtronic. The case is sealed so it is hard to know much of what the case is about, but it does indicate that the suit... more

Update on Pricing Trends BY DAVID KRESSEL, DECEMBER 5, 2005

Last week, Merrill Lynch hosted its Med Tech Fundamentals Conference. One noteworthy session was the Reconstructive Orthopedics Panel. Participants were an industry "Who's Who": the CEO of Biomet, Chairman of Depuy (J&J), President of Smith and Nephew Orthopaedics, CEO of... more

Orthopedic News Roundup 1-Dec-05 BY HUYEN NGUYEN, DECEMBER 1, 2005

Appointment: OrthoSoft announced that Max Link has joined its Boards of Directors. With over 25 years of experience, Mr. Link is a very well-recognized individual in the medical device and pharmaceutical industry. He was CEO and Chairman of Centerpulse when... more

Ossur hf. Buys Innovative Medical Products BY JOHN MCCORMICK, DECEMBER 1, 2005

Iceland's Ossur hf., a global supplier of prosthetic and orthopaedic devices, announced today that it has acquired the UK bracing company Innovative Medical Products Holdings Ltd (IMP). IMP specialises in the design, sale and manufacture of knee, hip and spinal... more


Complete Archive