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Orthopedic and Dental Industry News

January 2006

Muscle Stem Cells Used For Cartilage Repair BY DAVID KRESSEL, JANUARY 31, 2006

In an article published in February's Arthritis and Rheumatism, researchers at the University of Pittsburgh reported on their success in using stem cells to repair cartilage. Using a rat model, researchers extracted stem cells from adult muscle tissue, retrovirally transduced... more

Surgeon Choice and Pricing BY LAING RIKKERS, JANUARY 27, 2006

There has been a lot of focus over the past six months on pricing in the orthopedic device market. Two topics generating fear have been (1) HCA's purchasing practices and (2) gainsharing. This week, Melissa Davis of The wrote... more

Orthopedic News Roundup 27-Jan-06 BY MATTHEW JAFFE, JANUARY 27, 2006

Earnings: LifeCell reported their preliminary 4Q:05 financial results. J&J announced 4Q:05 financial information. DePuy was at $977mm for worldwide sales ($602mm U.S.), up 3% from $952mm is 4Q:04. Stryker announced 4Q:05 and full year 2005 operational results. For the quarter,... more

4Q:05 Earnings Season Begins: DePuy Down; Stryker In-Line BY JOHN CHOPACK, JANUARY 27, 2006

Johnson & Johnson began the earnings season earlier this week and disappointed investors with a rather strange phenomenon. Every one of JNJ's reporting divisions' revenue growth rates were significantly lower than their year-end growth rates. DePuy was no exception. DePuy... more

LifeCell Reports Preliminary 4Q:05 Financials BY JOHN CHOPACK, JANUARY 26, 2006

LifeCell reported that it anticipates 4Q:05 product revenues of $27 million which is a 69% increase over the 4Q:04. Product revenues were driven by an 84% increase in Alloderm sales. Orthopedic Product Revenues, which consist of GraftJacket and AlloCraft DBM... more

Medtronic Continues to Fight Whistle-Blower Suit BY SHELLY ACHAIBAR, JANUARY 24, 2006

Medtronic, one of the nation's leading device makers, is facing continued charges of payoffs to surgeons, as written about today in the New York Times. To summarize, a lawsuit filed against the company two years ago, was brought on by... more

At Your Request, HealthpointCapital Reinstates our Valuation Tables BY EDITOR, JANUARY 23, 2006

Back by popular demand are our Valuation Tables, providing you with valuable information on orthopedic company performances and comparative indices. It includes data from our own HealthpointCapital Medical Technology Index, Orthopedic Valuations and Comparables, and Orthopedic Index and Comparisons. Be... more

Orthopedic News Roundup 20-Jan-06 BY MATTHEW JAFFE, JANUARY 20, 2006

Business Update: ArthoCare established a $100 million revolving credit facility, which will be used for payments related to the Opus Medical acquisition and general corporate needs. Stryker adopted a single software suite for data management and regulatory compliance around clinical... more

Ossur Continues Its Acquisition Streak BY DAVID KRESSEL, JANUARY 20, 2006

Iceland-based Ossur announced the acquisition of Innovative Sports, Inc. for $38.4m. Innovative Sports is a US-based developer, manufacturer and marketer of ligament braces, primarily for the knee, but also the wrist. Last year, Innovative Sports had revenue of $19m and... more

Another Acquisition in 2006: DePuy Acquires Hand Innovations BY JOHN CHOPACK, JANUARY 19, 2006

DePuy's acquisition of Hand Innovations is significant in the orthopedic space for several reasons. First, it marks the third acquisition of the year already following both Stryker's acquisition of PlasmaSol and Kyphon's purchase of InnoSpine. We, along with several other... more

Archus Orthopedics Raises $35m BY DAVID KRESSEL, JANUARY 18, 2006

Archus Orthopedics announced today that they have closed a Series C financing, raising $35m from institutional and strategic investors. J&J's corporate VC arm, J&J Development Corp., led the round. Archus' current investors, including MPM Capital, InterWest Partners and Polaris Venture... more

Kyphon/Sandhu Lawsuit against Medtronic Announced BY JOHN MCCORMICK, JANUARY 17, 2006

The spine patent dispute du jour isn't about "555" these days: it's about "665". Today, an intellectual property lawsuit between Kyphon and Sofamor Danek filed in November of last year was unsealed (at Kyphon's request) after the two parties were... more

Sen. Schumer Turns up Heat on Tissue Transplants BY JOHN MCCORMICK, JANUARY 16, 2006

It has now surfaced that Sen. Charles Schumer has sent a letter to the acting head of the Food and Drug Administration, Dr. Andrew von Eschenbach calling for more oversight of the tissue transplant industry noting that he was "deeply... more

Orthopedic News Roundup 13-Jan-06 BY MATTHEW JAFFE, JANUARY 13, 2006

Appointment: OrthoLogic has appointed Les Taeger to the position of Senior Vice President and Chief Financial Officer. Previously, Mr. Taeger spent five years as Chief Financial Officer at Cardiotech International, and its predecessor Gish Biomedical. Clinical Update: The FDA has... more

Tenet Healthcare To Pay $215 million Settlement BY SHELLY ACHAIBAR, JANUARY 13, 2006

The US District court ruled that Tenet Healthcare, the second largest US hospital chain, has reached a consolidated settlement agreement of $215 million in cash to be distributed to its shareholders within the next 10 days. The company's net cost... more

New Medical Device Treats Osteoporosis BY DAVID KRESSEL, JANUARY 12, 2006

A New Jersey company, Juvent, is introducing a new way to treat osteoporosis. The product was initially developed at the State University of NY at Stony Brook, with funding from the US Army and NASA. The Juvent 1000 Dynamic Motion... more

dj Orthopedics Reports Preliminary 2005 Financial Performance BY JOHN CHOPACK, JANUARY 10, 2006

The Company reported 4Q:05 revenues of $75 million which was a 10% increase over 4Q:04 revenues. dj Orthopedics also reported a 12% increase in 2005 revenues which totaled $286 million. Analysts were anticipating revenues of $71 million for the 4Q:05... more

ProDisc Moves One Step Closer to US Launch BY DAVID KRESSEL, JANUARY 9, 2006

Synthes announced that the FDA sent it an "approvable letter" for the ProDisc-L. The device was deemed safe and effective for treating degenerative disc disease (DDD) at a single level in the lumbar spine, from L3-S1. The FDA expects to... more

Free sample chapter from Gainsharing 2006 Report BY EDITOR, JANUARY 6, 2006

February 2010 update: This report is no longer available for purchase. Learn more here. A number of people have asked us what we wrote in our Gainsharing report. So we decided to share some of it. The impact of gainsharing... more

ReGen Goes for 510(k) BY DAVID KRESSEL, JANUARY 6, 2006

ReGen Biologics has decided to file for premarket notification (510(k)) for the sale of its CMI meniscus implant. In a conference call this week, the company explained its logic. ReGen had undertaken clinical studies to support an application for premarket... more

Biomet Gets FDA Approval BY SHELLY ACHAIBAR, JANUARY 6, 2006

Biomet received FDA approval for the C2a-Taper Acetabular System, a ceramic-on-ceramic hip replacement system. Biomet's FDA approval follows Stryker, Wright Medical, Encore Medical, Smith & Nephew and Zimmer. President and CEO Dane A. Miller, Ph.D. stated, "We are pleased to... more

Orthopedic News Roundup 06-Jan-06 BY MATTHEW JAFFE, JANUARY 6, 2006

Business Update: Zimmer announced their Q4:05 conference call and webcast will be held on January 31st and will include full year 2005 sales and earnings. Stryker announced their Q4:05 conference call will be held January 26th and will cover operating... more

Another New Year Acquisition: Kyphon Announces Acquisition of InnoSpine, Inc. BY JOHN CHOPACK, JANUARY 4, 2006

Kyphon announced that it had signed a definitive agreement to acquire InnoSpine, Inc., a privately held company focused on developing and marketing its proprietary technology for the treatment of low back pain as a consequence of disc degeneration. Kyphon will... more

Large Investment Made In Small Joint Market BY DAVID KRESSEL, JANUARY 4, 2006

Small Bone Innovations Inc. (SBI), a maker of orthopedic devices for the extremities, announced today that it raised $42.2m in a Series B financing. NGN Capital and 3i led the round with $12m each, and they were joined by Axiom... more

Stryker Announces Acquisition of PlasmaSol Corporation BY JOHN CHOPACK, JANUARY 4, 2006

On Tuesday, Stryker announced that it had acquired PlasmaSol Corporation on December 30, 2005 for approximately $17.5 million in an upfront payment and the assumption of certain liabilities. Stryker stated that the transaction will result in a 4Q:05 charge of... more

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