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Orthopedic and Dental Industry News

September 2008

Musculoskeletal Companies Buffered But Not Isolated From Turmoil BY DAVID KRESSEL, SEPTEMBER 30, 2008

Healthcare is well known to be a steadily growing segment of the US economy. According to CMS, over the past decade the industry has grown at an average of 6.5% annually, despite an economy that has faced its share of... more

Bailouts: A Necessary Evil BY JOHN MCCORMICK, SEPTEMBER 26, 2008

On the topic of bailouts, "Manias, Panics and Crashes: A History of Financial Crises" by the immortal economic historian Charles Kindleberger is recommended reading. Readers too busy to read books while burrowing for safe investments will hopefully find this quick... more

Alphatec Spine Announces 510(k) Clearance for Its Novel Cervical Interbody Implant BY EDITOR, SEPTEMBER 25, 2008

Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a leading medical technology company that designs, develops, manufactures and markets products for the surgical treatment of spine disorders, with a focus on treating conditions affecting the aging spine,... more

Musculoskeletal News Roundup 25-Sept-08 BY LAUREN UZDIENSKI, SEPTEMBER 25, 2008

Funding Anulex Technologies, Inc. secured a $7.0 million growth capital term loan from Silicon Valley Bank. The company plans to use the proceeds to further their R&D efforts, complete their clinical study and expand their sales force. Anulex markets the... more

Introduction: How Did Financial Companies Get Into Trouble BY DAVID KRESSEL, SEPTEMBER 23, 2008

There has been so much written on the current financial crisis that it may be hard to get a simple explanation of what started this. The goal of this blog is to answer simply what could be an infinitely complicated... more

Scient'x Launches Tribeca TLIF Cage System BY EDITOR, SEPTEMBER 23, 2008

Scient'x, a privately held manufacturer of innovative spinal implant technologies, announced today the launch of the Tribeca Cage System which allows the surgeon to utilize a unilateral transforaminal approach to interbody cage insertion to minimize dural exposure. The Scient'x Tribeca... more

The End of an Era on Wall Street BY LAUREN UZDIENSKI, SEPTEMBER 22, 2008

The market turmoil that started last week with the collapse of Lehman Brothers, the sale of Merrill Lynch and AIG's need for a cash infusion culminated with the government's $700 billion market bailout plan and the end of the traditional... more

Musculoskeletal News Roundup 18-Sept-08 BY LAUREN UZDIENSKI, SEPTEMBER 18, 2008

M&A BoneSupport acquired Ultrazonix, the developer of an ultrasound-based treatment for alleviating pain associated with herniated discs. The product is FDA-cleared and CE-marked. Financial terms were not disclosed. Funding Formae received an investment of $0.5 million from BioAdvance, the Biotechnology... more

Researchers Show How OA Breaks Down Cartilage BY LAUREN UZDIENSKI, SEPTEMBER 17, 2008

Researchers have long suspected that the signaling protein beta-catenin plays a role in how osteoarthritis breaks down cartilage, but until now there has been no definitive research linking the protein to OA. A study from the University of Rochester Medical... more

Arthroscopic Knee Surgery for OA... Is It Worth It? BY JOHN MCCORMICK, SEPTEMBER 16, 2008

Last week, the New England Journal of Medicine published a study that more or less said "no". In cautionary scientific parlance, the study concluded that "arthroscopic surgery for osteoarthritis of the knee provides no additional benefit to optimized physical and... more

As Tensions Mount on Wall Street, Orthopedics Offers Stability BY LAUREN UZDIENSKI, SEPTEMBER 15, 2008

A handful of big headlines rocked the financial sector this weekend, sending the S&P 500 down 3% at midday and compounding months of write-offs, bailouts and mergers that created a cloud of decline within the banking industry. To recap, Lehman... more

Musculoskeletal News Roundup 11-Sept-08 BY LAUREN UZDIENSKI, SEPTEMBER 11, 2008

M&A Wright Medical Group, Inc. acquired the RAYHACK System for wrist reconstruction, which consists of "procedure-specific bone-cutting guides and fixation plates that allow precise shortening and repositioning of the radius and ulna." The system will be available in the U.S.... more

What's in Store for Stryker? 07 Settlement Gives Clues BY LAUREN UZDIENSKI, SEPTEMBER 10, 2008

Stryker's bold move a few weeks ago of suing the DOJ over an ongoing investigation has been the subject of wide speculation, and while little is known for sure about what prompted their action, last year's settlement offers some insight.... more

Medical Tourism at Home: U.S. Hospitals Competing with Foreign Pricing BY LAUREN UZDIENSKI, SEPTEMBER 10, 2008

The Wall Street Journal this morning revealed a new variation on medical tourism: patients are traveling for medical procedures, though not overseas. Medical tourism arose from skyrocketing U.S. healthcare costs; a hip replacement can cost $43,000 domestically and a mere... more

U.K. Study Finds 1 in 75 Patients Undergo Large Joint Revision BY LAUREN UZDIENSKI, SEPTEMBER 8, 2008

Data from about 160,000 U.K. patients who received hip or knee replacements between 2003 and 2006 show an overall revision rate of one in 75, or 1.4%. Overall, this rate is low, but it was affected by the type of... more

Zimmer to Acquire Abbott Spine for $360 million BY LAUREN UZDIENSKI, SEPTEMBER 4, 2008

Zimmer announced plans to acquire Abbott Spine for approximately $360 million in cash (a 3.3x revenue multiple.) Zimmer says the acquisition will add innovative products to their portfolio and augment the company's R&D capabilities. Zimmer's stock was flat in midday... more

Musculoskeletal News Roundup 4-Sept-08 BY LAUREN UZDIENSKI, SEPTEMBER 4, 2008

Earnings Inion reported 2Q:08 sales of EUR 1.8 million ($2.8 million), up 34% over 2Q:07. 1H:08 sales were EUR 2.59 ($4.1 million), a 12% increase over 1H:07. Operating loss for 1H:08 was EUR 4.85 million ($7.6 million), a 20% decrease... more

Hand Transplants "Exceed Expectations" BY LAUREN UZDIENSKI, SEPTEMBER 3, 2008

This month, the Journal of Hand Surgery features a report on the two American patients who received allogenic hand and forearm transplants and are performing beyond expectations at 9 and 7 years post-operatively, respectively. Their progress helps demonstrate that transplanting... more

Histogenics Raises $9mm BY JOHN MCCORMICK, SEPTEMBER 2, 2008

A cartilage company raising venture money is a not-so-common development in the world of sports medicine. In this instance, Waltham, MA based Histogenics just announced it has raised $9 million from venture investors. Of interest, Stryker was included in the... more

SPORT Subgroup Analysis Shows Discectomy Outcomes Vary by Herniation Level BY LAUREN UZDIENSKI, SEPTEMBER 2, 2008

A new study published in JBJS evaluated results from one arm of the SPORT trial to see if herniation level affected discectomy outcomes. The authors undertook the study after a recent randomized trial conducted by Dr. Heikki Osterman et al... more


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