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Orthopedic and Dental Industry News

March 2007

Preservation of Motion in the Spine: A Trip Report from the Florida Keys BY JOHN MCCORMICK, MARCH 29, 2007

This week we attended the Florida Orthopedic Institute's "Preservation of Motion in the Spine" course for spine surgeons designed by Antonio E. Castellvi, MD. The program has become a must-attend event for surgeons interested in motion sparing techniques and has... more

Orthopedic News Roundup 29-Mar-07 BY LAUREN UZDIENSKI, MARCH 29, 2007

Earnings BioMimetic Therapeutics announced 4Q:06 financial results, reporting a net loss of $5.3 million or $0.34 per share and beating analysts' estimates of a loss of $0.37 per share. This compares to a net loss of $9.2 million, or $5.82... more

J&J Bets on Prognostic Tests in Ortho BY ARIELLA P. GOLOMB, MD, MARCH 28, 2007

There is much developmental focus in the orthopedic industry on creating products that treat patients earlier in the continuum of care with the goal of slowing irreversible disease progression. When earlier intervention is dramatic, it is necessary to have a... more

The Greatest (Dental) Show on Earth!!! BY DAVID KRESSEL, MARCH 27, 2007

Last week, Cologne Germany was host to the International Dental Show (IDS). This is the world's premier dental trade show, drawing 80,000 people to the Kolnmesse, one of the world's largest convention centers, every two years. Attendees included dentists, dental... more

New Limitations for Industry Advisors BY LAUREN UZDIENSKI, MARCH 23, 2007

A proposed regulation from FDA commissioner Dr. Andrew von Eschenbach will alter the role industry advisors play on the agency's committees. The New York Times reported that if the measure is approved, advisors with more than $50,000 a year in... more

Orthopedic News Roundup 22-Mar-07 BY LAUREN UZDIENSKI, MARCH 22, 2007

Earnings Inion announced year-end results for 2006 on Wednesday, reporting a 25% decline in revenues. 2006 sales totaled EUR 5.7 million, compared with EUR 7.6 million in 2005. R&D spending increased 17% to EUR 5.6 million from EUR 4.8 million... more

JBJS: Conflicts of Interest Associated with Favorable Research Outcomes BY LAUREN UZDIENSKI, MARCH 19, 2007

More than 40% of investigators presenting data at the 2001 and 2002 Annual Meetings of AAOS reported conflicts of interest, and a new study in this month's JBJS shows that those conflicts were associated with positive study findings. Though investigators... more

Orthopedic News Roundup 15-Mar-07 BY LAUREN UZDIENSKI, MARCH 14, 2007

Earnings Orthovita reported 4Q:06 revenues of $13.81 million, beating analysts' estimates of $13.76 million and reflecting 38% growth compared to $9.97 million in 4Q:05. Orthovita attributed the growth to increased U.S. sales of VITOSS® FOAM and VITAGEL®. OrthoLogic announced 2006... more

FDA Approves Medtronic's INFUSE For Certain Oral Maxillofacial and Dental Applications BY ARIELLA P. GOLOMB, MD, MARCH 14, 2007

Medtronic announced yesterday that they received FDA approval to market INFUSE for oral maxillofacial and dental regenerative bone grafting procedures. This news follows the FDA Dental Products Advisory Panel recommendation for approval last fall. INFUSE has already been FDA approved... more

Cleveland Clinic Spins Off Companies Founded on New Technology BY LAUREN UZDIENSKI, MARCH 13, 2007

Most scientists, says a recent article in the Cleveland Plain Dealer, don't know how to create a product or a business to produce it. Technology transfers can help, and one particularly active program is based in the Cleveland Clinic. To... more

HealthpointCapital Announces Purchase of MicroDental Laboratories, Inc. by DTI Dental Technologies, Inc. BY EDITOR, MARCH 12, 2007

NEW YORK, New York, VANCOUVER, Canada, and DUBLIN, California, March 12, 2007 /PRNewswire/ -- HealthpointCapital, LLC ("HealthpointCapital") announced today the acquisition of MicroDental Laboratories, Inc. ("MicroDental" or "Micro") by its portfolio company, DTI Dental Technologies, Inc. ("DTI"). MicroDental Laboratories is... more

Smith & Nephew Purchases PLUS Orthopedics BY JOHN CHOPACK, MARCH 12, 2007

Smith & Nephew announced today that it is acquiring Plus Orthopedics for $889 million, including the assumption of approximately $190 million in debt. Plus Orthopedics reported revenues of $300 million and EBIT of $36 million in 2006. This purchase price... more

Orthopedic News Roundup 8-Mar-07 BY LAUREN UZDIENSKI, MARCH 8, 2007

Earnings Orthofix International N.V. announced 4Q:06 revenue of $116.1 million, an increase of 45% over 4Q:05 and just missing estimates of $116.6 million. $28.1 million of 4Q:06's revenue can be attributed to the September 2006 acquisition of Blackstone Medical, Inc.... more

Straumann's Strategic Moves Play Out BY LAING RIKKERS, MARCH 6, 2007

Straumann, the second largest dental implant company, has been on our radar a few times this month. First, Straumann is getting press for stating its interest in buying the not-yet-for-sale Biomet 3i. 3i would give it needed scale and management... more

WSJ: Orthopedics a "Hip Bet" BY LAUREN UZDIENSKI, MARCH 6, 2007

Today's Wall Street Journal features an article on growth in the orthopedic market. Journalist Karen Richardson indicates that innovative, long-lasting and high-margin products are driving investment opportunities. An aging population and increased life expectancy bode well for manufacturers like Stryker... more

New Safety Assurances for Allograft BY LAUREN UZDIENSKI, MARCH 5, 2007

Following a handful of scandals, donated human tissue has shouldered a reputation for being unsafe and unreliable. However, new data demonstrates one company's efforts to process sterile and high-performance allografts. At a sports medicine conference last fall, Dr. Fred Cushner... more

Orthopedic News Roundup 1-Mar-07 BY LAUREN UZDIENSKI, MARCH 1, 2007

Earnings Biologics LifeCell reported 4Q:06 product revenues of $39.3 million, an increase of 45% over $27.0 million in 4Q:05, but missed analysts' estimates of $39.5 million. The growth was attributed to increased demand for the Company's AlloDerm® Regenerative Tissue Matrix.... more

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