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Orthopedic and Dental Industry News

May 2006

Orthopedic Surgeons & Supplies Needed for Indonesian Quake Victims BY KARYN OLSON, MAY 31, 2006

Indonesia has seen a lot of seismic activity in the past few months. The latest was a 6.3 earthquake that hit the island of Java, creating an enormous medical emergency. Thus far, the quake has killed 5,700 people and over... more

DJ Orthopedics Changes Name to DJO Inc. BY JOHN MCCORMICK, MAY 31, 2006

Yesterday morning, dj Orthopedics Inc. announced that it changed its name to DJO Inc. following its recent acquisition of Aircast Inc. The company acquired Aircast, famous to soccer moms for its ankle braces and casts, for $290 million at the... more

Orthopedic News Roundup 25-May-06 BY HUYEN NGUYEN, MAY 25, 2006

Appointment: IsoTis OrthoBiologics appointed Barbara Boyan to its Board of Directors. Ms. Boyan is a co-founder of OsteoBiologics, Inc. (OBI) and a professor in the Wallace H. Coulter Department of Biomedical Engineering at the Georgia Institute of Technology and at... more

1Q:06 Final Performance Summary BY HUYEN NGUYEN, MAY 25, 2006

Final results for the 26 publicly-traded orthopedic companies* in 1Q:06 showed that orthopedic sales for first quarter increased by 9.2%, as reported. Now that Medtronic has reported its spine revenues, total aggregated sales for those 26 companies came in at... more

New Findings on X STOP Published BY DAVID KRESSEL, MAY 25, 2006

In this month's issue of the Journal of Neurosurgery: Spine, there is a paper discussing findings related to the use of St. Francis' X STOP to treat degenerative lumbar spinal stenosis with low grade degenerative spondylolisthesis. The data was from... more

Medtronic Spine Grows 17% BY JOHN MCCORMICK, MAY 24, 2006

Medtronic is trading up this morning after yesterday afternoon's announcement of double digit across the board revenue and earnings growth. Spine revenues notably grew at 17%. With fiscal 2006 ending on April 28, 2006, companywide revenue for the 2006 fiscal... more

Preparing for P4P BY LAING RIKKERS, MAY 23, 2006

Pay for performance (P4P) comes up over and over again in reimbursement discussions. In the May 2006 edition of Orthopedics Today, there is an in-depth review of what hospitals, surgeons and other stakeholders should know about P4P. As a reminder,... more

Nexa Orthopedics Receives FDA Clearance to Market Pyrolytic Carbon Implant BY EDITOR, MAY 19, 2006

Carpometacarpal Implant is First in a Series of New Products to be Introduced to the U.S. Market SAN DIEGO, CA, May 19, 2006 /PRNewswire/ -- Nexa Orthopedics, Inc. (“Nexa”) the technology leader in products for reconstructive surgery of the extremities,... more

Orthopedic News Roundup 18-May-06 BY HUYEN NGUYEN, MAY 18, 2006

This week, DePuy Spine and many patients were excited to hear that the Centers for Medicare and Medicaid Services (CMS) has agreed to local coverage of DePuy's Charite artificial disc for patients under 60 years of age. According to CMS,... more

CMS Changes its Charite Decision BY DAVID KRESSEL, MAY 17, 2006

In a surprising but welcome change of heart, the Centers for Medicare and Medicaid Services revised its proposed National Noncoverage Decision and will reimburse the Charite in specific circumstances. In the February draft of the NCD, CMS proposed national noncoverage... more

Empirical Study: Orthopedic Returns Compelling BY JOHN MCCORMICK, MAY 17, 2006

We have posted a short .pdf paper that examines orthopedic public equity returns and risk. We have found that despite all the noise about pricing, the orthopedic medical device sector continues to present a superior risk/return profile. Of note, the... more

Orthopedic News Roundup 11-May-06 BY HUYEN NGUYEN, MAY 11, 2006

Appointment: AxioMed® Spine Corporation announced the appointment of Patrick McBrayer to the position of President and CEO. Mr. McBrayer was previously with Xylos Corporation, a biomaterials technology company. ArthroCare promoted several executives in its managing team: Michael Gluk, former Vice... more

Teamwork in the OR BY HUYEN NGUYEN, MAY 10, 2006

An article in the New York Times reports on the issue of inadequate teamwork in the hospital environment according to a study cited in the Annals of Surgery and The Journal of the American College of Surgeons. The study surveyed... more

FDA Gives Facet Solutions Go Ahead for IDE BY JOHN MCCORMICK, MAY 9, 2006

Yesterday, Facet Solutions, Inc. announced that the FDA granted the Company an IDE approval for its Anatomic Facet Replacement System (AFRS). The device has been developed to provide lumbar spinal stenosis and facet degeneration patients with a motion preserving alternative... more

New Data on Raymedica's Motion Preservation Device BY DAVID KRESSEL, MAY 8, 2006

In advance of the 6th Annual Spine Arthroplasty Society Meeting, Raymedica has announced interim results on its PDN-SOLO clinical trial. The trial is called "An International Multi-Center Clinical Evaluation of the PDN-SOLO(R) Device" and will be presented on the morning... more

Orthopedic News Roundup 4-May-06 BY HUYEN NGUYEN, MAY 4, 2006

Appointment: Scient'x USA appointed Tracy Brown as Vice President of Sales. Mr. Brown was formerly with Microtek Medical and Stryker Spine, both in the area of marketing and sales. Scient'x, SA is a HealthpointCapital portfolio company. Clinical Update: At the... more

1Q:06 Earnings Summary BY HUYEN NGUYEN, MAY 4, 2006

To update from previous blog, twenty of twenty-four orthopedic companies reported revenues and earnings for the period of January 1, 2006 to April 1, 2006. Excluding Inion, Osteotech, RTI (Regeneration Technologies) and Tutogen, which have not reported yet, total orthopedic... more

Report Warns Medicare Exhausted in 12 Years BY LAING RIKKERS, MAY 2, 2006

The Medicare trust fund will be exhausted in 12 years, according to the trustees' annual report released yesterday. This is two years earlier than the results published a year ago. The cited causes of reduced funding are not unfamiliar-- rising... more

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