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Orthopedic and Dental Industry News

April 2008

Cervical Artificial Discs Reduce Costs for Patients BY LAUREN UZDIENSKI, APRIL 29, 2008

A new study funded by Medtronic and presented at this week's AANS meeting showed that compared to fusion, patients who underwent cervical disc replacement saved an average of $6,000 in the two years following treatment. 541 patients received either the... more

Promising ChondroCelect Data Shows Structural Superiority at Three Years BY LAUREN UZDIENSKI, APRIL 28, 2008

Just over a year ago, TiGenix published 12 and 18-month results from their ChondroCelect clinical trial that showed advantages to the ACI treatment when compared to microfracture. Now the company has released further data showing that three years following treatment,... more

Orthopedic Returns Still Compelling BY CHARLES CAO, APRIL 25, 2008

We've recently written a report on returns in the orthopedic industry, and we uncovered a number of positive results. The musculoskeletal medical device sector continues to present a superior risk/return profile, characterized by . . . more

Musculoskeletal News Roundup 24-Apr-08 BY LAUREN UZDIENSKI, APRIL 24, 2008

Earnings Alphatec Holdings reported consolidated revenues for 1Q:08 of $23.2 million, an increase of 19% from the year-ago period. U.S. revenues for the first quarter of 2008 were $18.6 million, an increase of 12% from the year-ago period. Asia revenues... more

Scient’x Re-Acquires Isobar License BY EDITOR, APRIL 24, 2008

PARIS, FRANCE - Scient’x, S.A. announced today that it has repurchased the Isobar dynamic rod license from Alphatec Spine, Inc. thus making Scient’x the ultimate exclusive holder of the Isobar dynamic rod intellectual property globally. With Isobar, Scient’x was first... more

BioMimetic's GEM OS1 Study Can Proceed as Planned BY LAUREN UZDIENSKI, APRIL 22, 2008

In an "unusual and positive" move, the FDA has sent BioMimetic Therapeutics a letter confirming that the company's GEM OS1 IDE study can proceed as planned. This news comes three weeks after an FDA communication to J&J regarding an increase... more

Seeking to "Meet and Exceed" DPA Ethics Standards, Zimmer Refines Its Compliance Model BY LAUREN UZDIENSKI, APRIL 21, 2008

Seven months after the company announced the signing of its Deferred Prosecution Agreement, Zimmer has introduced a revised corporate compliance model designed to "aggressively reduce" conflicts of interest. The updated model includes a number of new safeguards against potential ethical... more

Musculoskeletal News Roundup 17-Apr-08 BY LAUREN UZDIENSKI, APRIL 17, 2008

Earnings Biomet reported FQ3:08 net sales of $603.1 million, a 14% increase over the year-ago period. Excluding the impact of foreign currency, net sales increased 10%. U.S. revenue was $351.6 million. Adjusted net income for the third quarter was $25.2... more

BioHorizons Announces the Purchase of Implant Logic Systems BY EDITOR, APRIL 15, 2008

Birmingham, Alabama, and Cedarhurst, New York, April 15, 2008 /PRNewswire/ --BioHorizons, Inc. (“BioHorizons”) announced today the completion of its purchase of Implant Logic Systems, Ltd. (“ILS”), first announced on January 30, 2008. Implant Logic Systems will operate as a subsidiary... more

CMS Proposes 2009 Payment Increases BY JOHN MCCORMICK, APRIL 15, 2008

On Friday, CMS released its draft 2009 Inpatient Prospective Payment System, and the document indicates significant payment increases for orthopedic procedures. The rate at which the payments are increasing is also up when compared to 2008. Per the proposal: -Spine... more

As Boomers Retire, Physician Shortages and Reimbursement Cuts Loom BY LAUREN UZDIENSKI, APRIL 15, 2008

A new report from the Institute of Medicine (IOM) calls the U.S. healthcare system unprepared for the aging of baby boomers, citing a lack of trained healthcare workers and few economic benefits to treating geriatric patients. Medicare will begin to... more

Industry Responds to the Physician Payment Sunshine Act BY CHARLES CAO, APRIL 15, 2008

The medical device industry has been closely following progress on the Physician Payment Sunshine Act (S. 2029), which is currently under review in Congress and intends to increase transparency in the relationship between physicians and manufactures. This bill was first... more

Musculoskeletal News Roundup 10-Apr-08 BY LAUREN UZDIENSKI, APRIL 10, 2008

M&A Kinetic Concepts, Inc. announced plans to acquire LifeCell for $1.7 billion, or $51.00 per share, which represents an 18% premium over LifeCell's closing price on Friday and a 26% premium over the 90-day volume weighted average trading price. KCI... more

CMS Altering Payment Model; Parallel Review with FDA on "Front Burner" BY LAUREN UZDIENSKI, APRIL 8, 2008

CMS is currently transitioning to a pay-for-performance system, with payments based on quality and efficiency metrics, according to comments made by CMS Chief Medical Officer Barry Straube and first reported by FDAnews. Straube added that voluntary reporting of quality measures... more

Kinetic Concepts, Inc. to Acquire LifeCell for $1.7 billion BY LAUREN UZDIENSKI, APRIL 7, 2008

Kinetic Concepts, Inc. announced this morning its plans to acquire LifeCell for $1.7 billion, or $51.00 per share, which represents an 18% premium over LifeCell's closing price on Friday and a 26% premium over the 90-day volume weighted average trading... more

Musculoskeletal News Roundup 3-Apr-08 BY LAUREN UZDIENSKI, APRIL 3, 2008

Earnings aap Implantate reported 2007 revenue of EUR 28.0 million ($41.24 million), an increase of 52% over 2006. Net profit for the year was EUR 1.5 million ($2.21 million), down from EUR 1.6 million ($2.36 million) in 2006, which the... more

Alphatec Holdings, Inc. Names Veteran Executive Mitsuo Asai President of Alphatec Pacific, Inc. BY EDITOR, APRIL 3, 2008

CARLSBAD, Calif., Apr 3, 2008 -- Alphatec Holdings, Inc. (Nasdaq:ATEC), 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 executive, Mitsuo Asai, has... more

BioMimetic Dives on FDA Communication to J&J BY DAVID KRESSEL, APRIL 2, 2008

BioMimetic Therapeutics' shares dove sharply last week (and recovered somewhat less sharply) because the FDA raised the possibility that the active ingredient of all of the company's products, PDGF (Platelet-Derived Growth Factor), caused cancer. From Thursday's intraday high price per... more

Alphatec Holdings, Inc. Names Veteran Sales and Marketing Executive Gary Fredericks Vice President of Corporate Accounts BY EDITOR, APRIL 2, 2008

CARLSBAD, Calif., Apr 2, 2008 -- Alphatec Holdings, Inc. (Nasdaq:ATEC), 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 seasoned sales and marketing executive,... more

Encouraging Product Adoption as the Bar Rises for New Technology BY LAUREN UZDIENSKI, APRIL 1, 2008

In the past decade, the use of intramedullary nails in the treatment of hip fractures has increased substantially, despite a lack of evidence supporting the benefits of their use. Additionally, use of the nails varies by geography, differing more than... more


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