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Orthopedic and Dental Industry News

January 2008

Orthopedic Investors Sitting Pretty in Economic Turmoil BY JOHN CHOPACK, JANUARY 31, 2008

By now everyone realizes that the most prominent investment banks on Wall Street are in serious turmoil over the subprime mortgage crisis. These groups continue to write off huge losses in the tens of billions of dollars and many analysts... more

Musculoskeletal News Roundup 31-Jan-08 BY LAUREN UZDIENSKI, JANUARY 31, 2008

Earnings Kensey Nash reported FQ2:08 total revenues of $19.6 million, missing estimates by $0.05 million and up 14% over the year-ago period. Net sales of biomaterials products increased 15% to $11.5 million, which the company attributed to orthopedic sales. The... more

BioHorizons Announces Agreement to Purchase Implant Logic Systems BY EDITOR, JANUARY 30, 2008

BioHorizons Implant Systems, Inc. ("BioHorizons") announced today its parent company has entered into a definitive agreement to purchase Implant Logic Systems, Ltd. ("ILS"). ILS is a leading innovator and provider of technology solutions for the implant dentistry market. ILS's Virtual... more

The New York Times Questions Prodisc, Surgeons, Hospitals, Industry and FDA BY DAVID KRESSEL, JANUARY 30, 2008

In the January 30th issue of the New York Times, healthcare reporter Reed Abelson takes a critical look at spine surgery, and in particular a novel device called Prodisc in an article titled "Financial Ties Are Cited as Issue in... more

New Techniques Strive to Meet the Challenges of Rotator-Cuff Repair BY LAUREN UZDIENSKI, JANUARY 28, 2008

When a patient with a rotator-cuff tear has the injury surgically repaired, he or she faces both severe pain associated with the procedure and the possibility that the injury will recur. According to an article (subscription required) in last week's... more

Newly-Discovered Protein Can Control Bone Growth BY LAUREN UZDIENSKI, JANUARY 25, 2008

According to a new study, researchers at McGill University discovered the mechanism by which the protein osteocrin controls bone growth. Mice studies into osteocrin were conducted at Phenogene and Enobia Pharma as well as in Dr. Pierre Moffatt's lab at... more

Musculoskeletal News Roundup 25-January-08 BY LAUREN UZDIENSKI, JANUARY 24, 2008

Earnings JNJ reported 4Q:07 revenues of $15.96 billion, up 17% over the year-ago period and beating consensus estimates of $15.4 billion. Net income was $2.37 billion, or $0.82 per share, missing estimates by $0.04. Depuy reported 4Q:07 sales of $1.21... more

"Unretrieved Device Fragments" Can Injure Patients, FDA Warns BY LAUREN UZDIENSKI, JANUARY 23, 2008

On its website last week, the FDA warned of the risks of debris left behind by medical devices, called unretrieved device fragments, or UDFs. These risks include local tissue reaction, infection, perforation and obstruction of blood vessels and death. While... more

Scient’x, S.A. Appoints Veteran Spinal Orthopedic Industry Executive as President and Chief Executive Officer BY EDITOR, JANUARY 22, 2008

Scient’x, S.A. announced today that veteran orthopedic industry executive, Michael D. Huggins, will join the company as its President and Chief Executive Officer. Mr. Huggins will also join the Scient’x Board of Directors. With this addition to the Scient’x executive... more

Michael D. Huggins to be Named CEO of Ideal Medical Products and Scient’x BY EDITOR, JANUARY 18, 2008

Healthpoint (Luxembourg) II, S.A.R.L., the new majority shareholder of Ideal Medical Products (IMP), announced that Michael D. Huggins will soon join IMP and its subsidiary Scient’x as Chief Executive Officer. Mr. Huggins was previously head of Global Spine at Synthes... more

Musculoskeletal News Roundup 17-Jan-07 BY LAUREN UZDIENSKI, JANUARY 17, 2008

Earnings Biomet reported earnings for 2FQ:08 last week, with net sales up 11% to $578.1 million over the comparable quarter. Worldwide, knee sales were up 17%, and hip was up 12%. Extremity sales increased 11% and bone cements and accessories... more

Lifecore Taken Private BY DAVID KRESSEL, JANUARY 16, 2008

Lifecore announced yesterday that it has entered into definitive documentation to be acquired by affiliates of the private equity firm Warburg Pincus for $239m, implying an enterprise value of $200m. Lifecore has two business units. One sells dental implants and... more

Alphatec Holdings, Inc. Announces the Commercial Introduction of Its Unique DYNAMO Semi-Rigid Spinal System BY EDITOR, JANUARY 16, 2008

CARLSBAD, Calif., Jan. 16, 2008 -- Alphatec Holdings, Inc. (NasdaqGM:ATEC - News), a medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders, today announced that its unique DYNAMO(tm) Semi-Rigid... more

Alphatec Holdings, Inc. Names Leading Biomechanics Executive Andrew Mahar as Senior Director of Biomechanics and Clinical Research BY EDITOR, JANUARY 15, 2008

CARLSBAD, Calif., Jan. 15, 2008 (PRIME NEWSWIRE) -- Alphatec Holdings, Inc. (NasdaqGM:ATEC - News), a leading medical technology company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders, announced today that veteran... more

Patient Sues CryoLife for $110 million, Alleging Contaminated Implant BY LAUREN UZDIENSKI, JANUARY 15, 2008

Late last Friday, an Atlanta personal-injury attorney released a statement lambasting CryoLife for "once again severely [maiming] an innocent knee surgery patient." Patient Michael Hohenbery, who received meniscal allograft processed by CryoLife in December 2006, "can no longer work and... more

Musculoskeletal News Roundup 10-Jan-08 BY LAUREN UZDIENSKI, JANUARY 10, 2008

M&A ArthroCare Corp. acquired DiscoCare, Inc., whom the company describes as "a third-party billing and reimbursement service provider," for $25 million in cash plus potential future milestone payments. The company says, "This acquisition will allow ArthroCare to significantly expand its... more

ArthroCare in the News Again with the Acquisition of DiscoCare BY LAUREN UZDIENSKI, JANUARY 9, 2008

Last week ArthroCare announced a $25 million deal to acquire DiscoCare, described in the press release as a "medical billing and reimbursement service provider." Specifically, DiscoCare provides reimbursement assistance to physicians using Arthrocare's plasma disc decompression (PDD) device; though it... more

Revision Total Hip Arthroplasty Benefits Patients 80+ BY LAUREN UZDIENSKI, JANUARY 7, 2008

Testing a common belief that revision total hip arthroplasty is associated with a high complication rate in the very elderly, researchers at Philadelphia's Rothman Institute for Orthopedics retrospectively evaluated outcomes in over 300 THA patents. There were two groups of... more

Musculoskeletal News Roundup 3-Jan-08 BY LAUREN UZDIENSKI, JANUARY 3, 2008

M&A Curis, Inc. entered into an agreement to sell and assign its remaining BMP-7 technologies to Stryker Corporation. Curis will receive an initial payment of $1.0 million as well as additional cash payments based on specified clinical, regulatory and sales... more

Consumer Group Calls for Warnings in DTC Advertising BY LAUREN UZDIENSKI, JANUARY 3, 2008

Consumers Union, the publisher of Consumer Reports, recently petitioned the FDA for warnings about possible infection and device failure to accompany the rosy claims of DTC medical device marketing. However, some suggest the warnings could hinder a patient's care, and... more

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