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Orthopedic and Dental Industry News

February 2007

HealthpointCapital Announces the Sale of Nexa Orthopedics, Inc. to Tornier, B.V. BY EDITOR, FEBRUARY 28, 2007

New York, NY - February 28, 2007 - HealthpointCapital, LLC announced today that it has closed its sale of Nexa Orthopedics, Inc. to Tornier, B.V. HealthpointCapital founded Nexa in 2004 to create the preeminent company in extremities surgery through a... more

Medtronic Names New CEO and COO BY ARIELLA P. GOLOMB, MD, FEBRUARY 28, 2007

Following Biomet's appointment of Jeffery Binder as CEO, Medtronic today announced their own succession plans for CEO and COO. In August, William A. Hawkins, III, will replace Arthur D. Collins, Jr. as president and CEO. Mr. Hawkins is currently Medtronic's... more

New Intellidrug Device Delivers Medication Through Teeth BY ARMELLE WIART, FEBRUARY 28, 2007

A team of European researchers has developed an innovative new method of drug delivery - the teeth. Intellidrug is a dental prosthesis fitted into two artificial molars, and it automatically releases a precise dosage of medicine on a continuous basis.... more

Biomet Hires New CEO BY DAVID KRESSEL, FEBRUARY 26, 2007

Biomet today announced that Jeffrey Binder has been hired as CEO. He will replace Daniel Hann, Biomet's former General Counsel and most recently its Interim CEO. Hann will stay with the company as EVP of Administration and a board member.... more

Cormet Gets FDA Panel's Conditional Support BY ARIELLA P. GOLOMB, MD, FEBRUARY 23, 2007

Yesterday, the FDA Advisory Panel met and recommended Corin's Cormet hip resurfacing device for approval with conditions including a post marketing approval study, surgeon training and labeling. Prior to the meeting FDA raised questions about Corin's PMA submission relating to... more

Orthopedic News Roundup 22-Feb-07 BY LAUREN UZDIENSKI, FEBRUARY 22, 2007

Earnings Medtronic reported 3Q:07 (ended 1/26/07) Spinal and Navigation revenue of US $629.0 million, and the Spinal segment increased 12% over 3Q:06. Growth was attributed to the Biologics product line and the CD HORIZON® LEGACY™ family of products, which includes... more

Metal Implants at the Airport: Devices Trigger Metal Detectors BY LAUREN UZDIENSKI, FEBRUARY 22, 2007

Foot & Ankle International reported in its December 2006 issue that heavy, metal devices implanted in the foot and ankle can set off security devices. The walk-through metal detector was shown to be less sensitive than a scan with a... more

2007 AAOS Busy as Ever BY ELIZABETH VARLEY CAMP, FEBRUARY 21, 2007

Sunny San Diego hosted this year's AAOS meeting, and with more than 470 exhibitors wall-to-wall on the Convention Center floor, it was the biggest Academy yet. One of our cab drivers said, as we were driving away from the conference... more

The Quest to Regenerate Cartilage: TiGenix and Osiris Reveal Clinical Results BY ARIELLA P. GOLOMB, MD, FEBRUARY 20, 2007

Yesterday, TiGenix, a Belgium-based biomedical company, announced the results of their phase III multi-center randomized trial of ChondroCelect as first-line treatment for symptomatic knee cartilage defects. ChondroCelect is designed to be used in combination with autologous chondrocyte implantation (ACI) surgery... more

Orthopedics News Roundup 15-Feb-07 BY LAUREN UZDIENSKI, FEBRUARY 15, 2007

Earnings Tutogen announced results for first fiscal quarter ending December 31, 2006. Total revenues increased 43% to $11.5 million, compared to $8.0 million in the comparable quarter of fiscal year 2006. U.S. revenues increased 50%, and international revenues increased 27%... more

Merrill Lynch Analyst Joins Stryker BY DAVID KRESSEL, FEBRUARY 15, 2007

Stryker today announced the appointment of Katherine Owens as Vice President, Strategy and Investor Relations. Katherine Owens made a name for herself (formerly Katherine Martinelli) as Merrill Lynch's orthopedics analyst for the past 8 years. She has been a regular... more

Tornier to Expand Extremities Franchise through Acquisition of Nexa Orthopedics BY EDITOR, FEBRUARY 12, 2007

Eden Prairie, MN - February 12, 2007 - Tornier announced today that it has signed a definitive agreement to acquire Nexa Orthopedics, a privately held, California based company that develops, manufactures, and markets medical devices for orthopedic and podiatric surgeons.... more

Zimmer Acquiring MIS Spinal Implant Company Endius BY DAVID KRESSEL, FEBRUARY 12, 2007

After the markets closed on Friday, Zimmer announced an agreement to acquire Endius, Inc., a Massachusetts-based spine company. Endius has developed a minimally invasive instrument kit, Atavi, and associated implants for spinal fusion. The Atavi comes as a cartridge the... more

4Q:06 Conference Calls & Webcasts BY EDITOR, FEBRUARY 9, 2007

View a list of earnings conference calls and webcasts for the publicly traded orthopedic and dental companies. more

Alphatec Strengthens Scientific Advisory Board with the Appointment of J. Patrick Johnson, M.D., M.S. BY EDITOR, FEBRUARY 9, 2007

CARLSBAD, Calif., Feb. 8 /PRNewswire-FirstCall/ -- Alphatec Holdings, Inc. (Nasdaq: ATEC), a medical device company that provides customized products and a broad suite of solutions for spinal surgery, announced today that it has named J. Patrick Johnson, M.D., M.S., to... more

Orthopedics News Roundup 8-Feb-07 BY LAUREN UZDIENSKI, FEBRUARY 8, 2007

Earnings Biologics Regeneration Technologies, Inc. reported 4Q:06 revenues of $19.1 million, down 5% from $20.1 million in 4Q:05. The Company reported net loss of $6.7 million, compared to a net lossn of $1.7 million for 4Q:05. Net loss per diluted... more

Orthovita Announces Management Changes BY JOHN CHOPACK, FEBRUARY 8, 2007

Orthovita announced that Joe Paiva will be appointed as Chief Business Officer. Mr. Paiva has been with the Company since 1997 holding the title of Chief Financial Officer. As Chief Business Officer, Mr. Paiva will be responsible for strategic planning,... more

Pay for Performance at a "Tipping Point;" CMS to Develop P4P Initiative BY LAUREN UZDIENSKI, FEBRUARY 7, 2007

This week's New England Journal of Medicine features an editorial on pay per performance, wherein Arnold M. Epstein argues that P4P has reached a tipping point. Epstein describes the progressive changes as various organizations move toward P4P, at the same... more

Biomet Sports Medicine to do License Deal BY JOHN MCCORMICK, FEBRUARY 5, 2007

Today Biomet Sports Medicine announced that it is doing a deal with Marc Tec LLC to acquire access to minimally invasive sports medicine and arthroscopic technologies. Marc Tec is an affiliate of Bonutti Technologies and the deal includes over 45... more

Orthovita to Pursue 510(k) for Cortoss, Despite Pivotal Study BY LAUREN UZDIENSKI, FEBRUARY 5, 2007

Orthovita announced this morning that they would apply for 510(k) approval for their Cortoss® Bone Augmentation Material, scrapping a bid for PMA approval. Cortoss is not available in the U.S., but the product has a CE mark in Europe. Applied... more

Orthopedics News Roundup 1-Feb-07 BY LAUREN UZDIENSKI, FEBRUARY 1, 2007

Earnings Kyphon Inc. announced 4Q:06 sales totaling $112.6 million, an increase of 31% over the $85.8 million in net sales reported for the 4Q:05. Net income for 4Q:06 increased 228% to $12.2 million, or $0.26 per diluted share, compared to... more


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