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Orthopedic and Dental Industry News

September 2006


With the 2006 NASS meeting winding down, we thought we'd share some highlights from Seattle. SPORT Clinical Trial Session a Tease On Wednesday, the two-hour, much-anticipated session on SPORT results focused on SPORT background information - but not the data... more

MDT Spinal & Navigation Business Update at NASS BY HUYEN NGUYEN, SEPTEMBER 29, 2006

Yesterday, Medtronic Spinal and Navigation business division hosted an analyst meeting during the North American Spine Society (NASS) meeting in Seattle to provide an update on its current operations. Given the recent FDA panel recommendation for approval of their cervical... more

Orthopedic News Roundup 28-Sept-06 BY HUYEN NGUYEN, SEPTEMBER 28, 2006

Earnings & Update: Corin Group PLC released its 1H:06 with sales up 6% to £13.8 million. Its underlying profit, before tax and before the impact of currency movements, was reported at £1.9 million, down by 9% from comparable quarter. In... more

Alphatec to Combine With Technology Leader Scient'X BY EDITOR, SEPTEMBER 27, 2006

Transaction Provides Alphatec Scale, Technology and Global Footprint CARLSBAD, Calif., Sept 27, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Alphatec Holdings, Inc. (Nasdaq: ATEC), a spinal device company that provides customized products and a broad suite of spine fusion solutions,... more

Elizabeth Varley Camp joins HealthpointCapital as Managing Director BY EDITOR, SEPTEMBER 26, 2006

NEW YORK, New York, September 26, 2006 /PRNewswire/ -- HealthpointCapital, LLC ("HealthpointCapital") announced today that Elizabeth Varley Camp has joined the firm as a Managing Director. Her role within the senior management team will include the identification of investments, the... more

Study Finds Medical Spending Worth the Investment BY LAUREN UZDIENSKI, SEPTEMBER 26, 2006

The New England Journal of Medicine recently published a study (subscription required) on the value of medical spending in the U.S. - concluding that while concerns about healthcare efficiency are warranted, the continual increase in life expectancy can be attributed... more

Invibio Provides Our Readers Information On Their New Composite Material ENDOLIGN BY ARIELLA P. GOLOMB, MD, SEPTEMBER 25, 2006

Invibio, principal supplier of PEEK polymer, an increasingly important material used in orthopedic applications, announced earlier this month the launch of a new device material, ENDOLIG(TM) composite, a biocompatible carbon fiber reinforced thermoplastic material. On their website, the company highlights... more

Orthopedic News Roundup 21-Sept-06 BY HUYEN NGUYEN, SEPTEMBER 21, 2006

Earnings: Biomet reported its 1Q:07 earnings totaled $0.44 per share (excluding the adoption of the share-based payment) which was $0.01 more than what analysts were expecting. Revenues increased by 5% to $508 million (foreign currency had a $3 million favorable... more

The GPO debate: Retractable Technologies' Viewpoint BY ARIELLA P. GOLOMB, MD, SEPTEMBER 20, 2006

HealthpointCapital has recently published a research report on Group Purchasing Organizations (GPOs). In order to highlight the charged nature of the GPO debate, we have invited a guest blogger, Thomas J. Shaw, CEO of Retractable Technologies, to share his point... more

Medtronic's Disc Recommended for FDA Approval BY ARIELLA P. GOLOMB, MD, SEPTEMBER 20, 2006

Yesterday's FDA Orthopedic and Rehabilitation Devices advisory panel unanimously recommended approval of Medtronic's PRESTIGE Cervical Disc System. After reviewing the 24 month, ~500 patient multi-center randomized clinical trial data, Wall Street Journal (subscription required) reported that the FDA panel concluded... more

BioMimetics' Data Impresses BY DAVID KRESSEL, SEPTEMBER 19, 2006

Dr. William Giannobile, a professor of dentistry at the University of Michigan, presented new data on BioMimetics' only approved product, GEM21S, at the American Academy of Periodontology meeting in San Diego yesterday. GEM21S is short for "Growth-factor Enhanced Matrix," a... more

The Customer's Perspective, An Inside Look at NY Presbyterian's Procurement and Strategic Sourcing Department BY ARIELLA P. GOLOMB, MD, SEPTEMBER 15, 2006

HealthpointCapital's Interview with Jack Fleischer While conducting informational interviews for our latest research report on GPOs, we were fortunate enough to have the opportunity to speak with Jack Fleischer, VP of Strategic Sourcing at New York-Presbyterian Hospital, The University Hospital... more

Orthopedic News Roundup 14-Sept-06 BY HUYEN NGUYEN, SEPTEMBER 14, 2006

Appointment: Orthovita, Inc. has appointed Albert J. Pavucek, Jr. Vice President Corporate Controller. Mr. Pavucek was with PDI, Inc. serving as Vice President, Finance and Operations. Awards & Recognition: Smith & Nephew plc announced that two of its products, the... more

Red Cross Fined over Blood Collection Violations; What Does It Mean for Orthopedics? BY LAUREN UZDIENSKI, SEPTEMBER 13, 2006

As the Wall Street Journal (subscription required) reported this week, the American Red Cross will be fined $4.2 million for failing to honor federal blood-collection regulations. More than 12,000 units of blood were recalled during 2002 and 2005, and these... more

Regeneration Technologies Continues To Break Its Chains BY HUYEN NGUYEN, SEPTEMBER 12, 2006

After the market closed yesterday, Regeneration Technologies (RTI) announced it amended a prior distribution agreement with its largest distributor, Medtronic Sofamor Danek USA, Inc. (MSD) regarding domestic spinal allograft distribution. Currently, RTI derives 60% of its annual revenues (~$45 million)... more

Medical Centers Continue to Limit Gifts to Physicians BY ARIELLA P. GOLOMB, MD, SEPTEMBER 12, 2006

Today's New York Times reported that Stanford University has followed the University of Pennsylvania and Yale by putting in place a new policy that would prohibit its physicians from accepting small gifts (like pens and mugs) and free drug samples... more

BioLok International to be Acquired by HealthpointCapital BY EDITOR, SEPTEMBER 8, 2006

DEERFIELD BEACH, FL - September 8, 2006 - BioLok International Inc. ("BioLok") (OTCBB: BLLI), the manufacturer and worldwide distributor of leading-edge dental implant technology, and HealthpointCapital Partners II, L.P. ("HealthpointCapital"), a private equity firm focused on the orthopedic and musculoskeletal... more

Orthopedic News Roundup 7-Sept-06 BY HUYEN NGUYEN, SEPTEMBER 7, 2006

Appointment: Ranier Technology Limited has appointed John C. Moran to its Board of Directors. Previously, Mr. Moran was a President of Synthes Spine and a Director of Spine Solutions, Inc. Active Implants Corporation (AIC) has hired Richard Treharne, PhD. as... more

Group Purchasing Organizations and Market Reform: What's Ahead for Device Companies? BY EDITOR, SEPTEMBER 5, 2006

February 2010 update: This report is no longer available for purchase. Learn more here.     Fact: GPO-negotiated contacts drive more than $100 billion in device purchases by hospitals.     News Item: The DOJ, the Connecticut Attorney General, three U.S. Senators, and the... more

Free Sample Chapter from our GPO report - Group Purchasing Organization Market Dynamics BY EDITOR, SEPTEMBER 5, 2006

February 2010 update: This report is no longer available for purchase. Learn more here. This is a sample chapter from our research report on Group Purchasing Organizations. Find out more about the report here, and purchase and download it for... more

McClellan to Leave CMS BY ARIELLA P. GOLOMB, MD, SEPTEMBER 5, 2006

In an email to his staff today, Mark B. McClellan, MD, PhD, Administrator of the Center for Medicare and Medicaid Services (CMS) since March 2004 announced that he will be leaving CMS by early October. Dr. McClellan did not announce... more

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