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Orthopedic and Dental Industry News Complete Archive »

Musculoskeletal News Roundup 25-Jun-09 BY LAUREN UZDIENSKI, JUNE 25, 2009

Funding
BioMimetic Therapeutics raised approximately $17.0 million in a rights offering that closed on Wednesday. The company offered 2,000,000 shares at $8.50 per share in May. The company plans to use the funds for general corporate purposes, including to product development and potential commercialization activities.

Regulatory
On June 12, ConforMIS received CE mark approval to market the iDuo bicompartmental knee resurfacing implant and accompanying iJig instrumentation. The company calls the iDuo "the first and only patient-specific, bicompartmental resurfacing implant on the market."

Product Introduction and Update
LifeModeler, Inc. launched LumbarSIM, a "virtual prototyping" product designed to create a model of the lumbar spine. The model includes information on individual vertebral segments and disc forces, which can be used for diagnosing and determining a treatment pathway for patients with lumbar pain.

Investigations
Medtronic announced in an SEC filing that it had been subpoenaed on May 21 by the U.S. attorney in Boston for information on its relationship with Timothy Kuklo, a former U.S. Army surgeon accused of falsifying data in an Infuse study.

Clinical
Biocomposites Ltd. announced results from an independent 200-patient study that determined that the company's Biosteon interference screws "significantly improve implant [to] bone integration and thereby reduce tunnel widening and risk of graft slippage post-operatively in cruciate ligament surgery."

Education
DJO will underwrite sports medicine and foot and ankle fellowships with the Orthopaedic Research and Education Foundation (OREF) for the 2009-2010 academic year. OREF will determine the recipients of the fellowships independently of DJO.

Appointments
Boston Scientific, Inc. announced that former Zimmer Chief Executive Ray Elliott will become their new President and Chief Executive Officer. Previously, Ray Elliott led Zimmer for 10 years, first as President and then as Chairman, President and CEO.

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