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March 14-18 - American Association of Orthopaedic Medicine Annual Meeting 2017

March 14-December 31 - Canaccord Genuity Musculoskeletal Conference

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Orthopedic and Dental Industry News

July 2009

Healthcare Reform Gains Momentum Ahead of August Recess, with Device Sector Impact Still Uncertain BY LAUREN UZDIENSKI, JULY 30, 2009

Senate Majority Leader Harry Reid of Nevada confirmed last week that a vote on healthcare reform legislation would be delayed until after the chamber's August recess, a move that was generally anticipated but still effectively derails President Obama's promise to... more

Musculoskeletal News Roundup 30-Jul-09 BY LAUREN UZDIENSKI, JULY 30, 2009

Earnings Exactech reported 2Q:09 revenues of $43.3 million, representing a 1% decrease from the year-ago period and beating estimates by $0.3 million. The company reported net income of $2.6 million, or $0.20 per share, representing a 14% decrease from 2Q:08... more

Circulating Blood May Help Generate Bone BY LAUREN UZDIENSKI, JULY 28, 2009

A new study published in the journal Stem Cells found that circulating blood may hold the potential to generate bone. Scientists evaluated blood samples from patients with fibrodysplasia ossificans progressiva (FOP, a rare genetic disorder where bone forms outside the... more

Musculoskeletal News Roundup 23-Jul-09 BY LAUREN UZDIENSKI, JULY 23, 2009

Earnings Anika Therapeutics reported 2Q:09 revenue of $9.5 million, representing a 5% increase over 2Q:08 and missing estimates by $0.4 million. The company attributed revenue growth to both the ORTHOVISC and MONOVISC product lines, which contributed $5.6 million to total... more

JBJS Reports on the Latest in Spine BY LAUREN UZDIENSKI, JULY 22, 2009

This month JBJS published a review entitled "What's New in Spine Surgery." We've summarized some of the highlights below. Positive Outcomes for Cervical Disc Arthroplasty In two recent studies, arthroplasty was associated with equal or greater pain relief and functional... more

Mayo Clinic, Hospital for Special Surgery Top List of Best Orthopedic Hospitals BY LAUREN UZDIENSKI, JULY 22, 2009

U.S. News and World Report's published their annual list of the best ortho hospitals in the country this week. Below are the top ten, as determined from statistical analysis on factors including mortality rate, discharge rate and staffing, as well... more

With an August Deadline Looming, Legislators Struggle with the Cost of Healthcare Reform BY LAUREN UZDIENSKI, JULY 20, 2009

Healthcare reform legislation appears no closer to a vote than it did a few weeks ago, with the Congressional Budget Office determining that the latest drafts of bills would do little to curb healthcare costs. CBO Director Douglas Elmendorf said... more

Muscloskeletal News Roundup 16-Jul-09 BY LAUREN UZDIENSKI, JULY 16, 2009

Earnings Biomet reported FQ4:09 sales of $639.3 million, representing a 7% increase over the year-ago period. Among segments, hip increased 9%; knee increased 11%; extremity increased 18%; dental decreased 13%; fixation increased 5%; and spine increase 18%. All growth rates... more

DOJ Investigates Kyphoplasty Claims Over Alleged Medicare Violations BY LAUREN UZDIENSKI, JULY 16, 2009

According to the Report on Medicare Compliance, the DOJ is conducting an investigation into Medicare inpatient claims for kyphoplasty at hospitals nationwide. The probe stems from a whistleblower lawsuit from two former Kyphon sales and reimbursement managers who claimed that... more

ConforMIS Raises $50 Million BY JOHN MCCORMICK, JULY 14, 2009

Custom knee resurfacing implant developer ConforMIS announced that it has raised $50 million from a group of private equity firms and non-US government investment funds. This 2004 start-up has steadily developed a technology that turns patient imaging data into custom... more

Trans1 Pre-Announces Q2 Amid Reimbursement Changes BY LAUREN UZDIENSKI, JULY 13, 2009

Trans1 pre-announced 2Q:09 sales in the range of $7.9 to $8.0 million, below guidance of $8.7 to $9.0 million and missing analyst projections of $8.8 million. 2Q is also down sequentially from 1Q:09's $8.7 million. Second quarter sales increased 33%... more

Synovis Life Technologies to Acquire Pegasus Biologics for $12.1 million BY LAUREN UZDIENSKI, JULY 10, 2009

Synovis Life Technologies, Inc. announced plans this week to acquire Pegasus Biologics, Inc. for $12.1 million in cash (a 1.3x revenue multiple.) Pegasus manufactures a collagen-based soft tissue scaffold as well as a wound healing device. According to the Synovis... more

Musculoskeletal News Roundup 9-Jul-09 BY LAUREN UZDIENSKI, JULY 9, 2009

Earnings Exactech announced that 2Q:09 revenues would be approximately $43.0 million, below earlier guidance and analyst expectations of approximately $45.0 million. The range for full-year 2009 revenue guidance has also been lowered to $167-$173 million. The company attributed 2Q's sales... more

Alphatec Spine, Inc. Enters Agreement with International Spinal Innovations, LLC BY EDITOR, JULY 7, 2009

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

CMS Proposes Changes to Physician Payment Schedule BY LAUREN UZDIENSKI, JULY 6, 2009

CMS announced last week the draft 2010 physician payment schedule, which includes a proposed 20% payment reduction to physicians. However, as has happened in the past, legislative action is always possible to prevent these dramatic cuts. It should also be... more

Musculoskeletal News Roundup 2-Jul-09 BY LAUREN UZDIENSKI, JULY 2, 2009

Earnings Biomet reported net sales of $639.0 million for FQ4:09, which represents an increase of 1% as reported and 7% when adjusting for currency. Among segments, recon, excluding dental, increased 3% as reported and 11% constant currency. Dental decreased by... more

BMPs Increase Complications for Cervical Fusion Patients BY LAUREN UZDIENSKI, JULY 1, 2009

A study published in JAMA reviewed use of BMPs in spinal fusion surgeries, and outcomes included higher complication rates for off-label use in cervical fusions and increased charges for all procedures. Researchers at Brigham and Women's Hospital in Boston conducted... more

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