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Orthopedic and Dental Industry News Complete Archive »

Musculoskeletal News Roundup 17-Sept-09 BY LAUREN UZDIENSKI, SEPTEMBER 17, 2009

M&A
Integra LifeSciences acquired the assets of Innovative Spinal Technologies, Inc. (IST) for $9.25 million in cash. Last year the company recorded $2.2 million in revenues, though they ceased operations in January and went into liquidation in May. This transaction broadens Integra's spine portfolio into MIS.

Funding
curasan received a grant from the German government for EUR 1.48 million ($2.6 million) to support a three-year project with Ben Gurion University in Israel. Researchers at the university have developed a protein matrix, and curasan will develop a bioceramic carrier for the material.

Regulatory
Wright Medical received 510(k) clearance for its PRO-STIM Injectable Osteoinductive Bone Graft Substitute, a combination of calcium sulfate and calcium phosphate and DBM. The company said their preclinical testing showed that PRO-STIM outperformed autograft at 13 weeks.

Product Introduction and Update
K2M launched the NATURAL BRIDGE Low Profile Transverse Connectors for use with the RANGE, MESA and DENALI pedicle screw systems in the thoracolumbar spine. The NATURAL BRIDGE LP incorporates both adjustable and semi-adjustable designs, offering a rigid center body with a polyaxial head, which the company says eliminates the need for bending the connector during insertion.

Legislation
The Senate Finance Committee introduced their healthcare reform bill, which would cost $856 billion and does not include a public option, would not require employers to purchase insurance for employees and would bar certain payer practices, like denying coverage based on pre-existing conditions. The bill does include a much-contested $4 billion in annual fees to the medical device industry, which would raise $40 billion over 10 years to support the overhaul and would be apportioned to companies by market share.

Partnerships
Acrobot Co. Ltd. announced an agreement to market its Navigator computer-assisted surgery system alongside Finsbury Orthopedic's Adept hip resurfacing product. Acrobot says their technology allows more accurate placement of resurfacing components, which can reduce wear.

Clinical
Orthomimetics has announced the enrollment of 10 patients in their clinical study for Chondromimetic, a collagen implant designed to treat damaged cartilage and bone. The study is currently running at one site, but the company plans to expand enrollment to 200 patients at 10 European sites.

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