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Orthopedic and Dental Industry News

November 2009

HealthpointCapital Interviews Adam Deitz, Founder and CEO of Ortho Kinematics BY EDITOR, NOVEMBER 30, 2009

Recently we sat down with Adam Deitz, Founder and CEO of Ortho Kinematics to talk about his company's technology, unmet needs in spine surgery and advancing diagnostic capabilities for surgeons. This interview will be published in two parts. Adam, why... more

Musculoskeletal News Roundup 25-Nov-09 BY LAUREN UZDIENSKI, NOVEMBER 25, 2009

Earnings ArthroCare reported 3Q:09 sales of $76.4 million, representing an increase of 8% over 3Q:08. Analysts had forecast total revenues of $84.3 million. Sports medicine contributed $50.6 million in sales, up 11% over the year-ago period, and spine contributed $4.5... more

Kyphoplasty Safe and Effective for VCFs BY LAUREN UZDIENSKI, NOVEMBER 24, 2009

This month JBJS reprinted data from the Fracture Reduction Evaluation (FREE) study that had been published in the Lancet earlier this year (and discussed at NASS two weeks ago.) FREE researchers found that patients randomized to undergo kyphoplasty for the... more

House Passes Physician Pay Fix BY LAUREN UZDIENSKI, NOVEMBER 23, 2009

Last week the House voted 243-183 in favor of a new bill that would prevent a 21% cut to Medicare payments due to take effect in January, scrapping the SGR method that ties payments to economic growth and thus permanently... more

Musculoskeletal News Roundup 19-Nov-09 BY LAUREN UZDIENSKI, NOVEMBER 19, 2009

Earnings ArthroCare restated its earnings from 2004 through 2Q:09. The company reported total revenue for 2008 of $314.2 million, up 12% over 2007. Relative to prior-year periods, 1Q:09 revenues increased 2% to $78.8 million; 2Q:09 revenues decreased 6% to $80.8... more

Senate Introduces Healthcare Legislation with Lower Fees for Devicemakers BY LAUREN UZDIENSKI, NOVEMBER 19, 2009

Yesterday the Senate introduced its version of healthcare reform legislation, which promises to provide insurance coverage to 94% of the Americans by 2019 and, at $848 billion, comes in below President Obama's cost ceiling of $900 billion. Devicemakers should note... more

FDA: Pain Pumps Associated with Adverse Events in Shoulder Surgery BY LAUREN UZDIENSKI, NOVEMBER 18, 2009

The FDA is requiring manufacturers of pain pumps, including I-Flow and Stryker, to revise the labeling on their devices following reports of cartilage damage correlated with use of the pumps. Pain pumps are not indicated for intra-articular infusion after orthopedic... more

NASS 2009 Trip Report BY JOHN MCCORMICK, NOVEMBER 16, 2009

For us, North American Spine Society annual meeting remains the best forum to gauge broad scientific and commercial trends in spine surgery technologies. Our trip report this year highlights the findings of our team and the key themes garnered from... more

Zimmer To Complete $1 Billion Bond Offering BY JOHN MCCORMICK, NOVEMBER 15, 2009

On Thursday of last week, Zimmer, one of the largest companies in the industry, announced that it was undertaking a $1 billion bond offering to re-finanance its existing debt, invest in its business and support its stock repurchase program. This... more

Musculoskeletal News Roundup 12-Nov-09 BY LAUREN UZDIENSKI, NOVEMBER 12, 2009

Earnings Alphatec Holdings, Inc. announced record consolidated revenue of $32.7 million in 3Q:09, which represents 27% growth over 3Q:08. U.S. revenue increased 21% over the prior-year third quarter and 28% over the first nine months of 2008. International revenue was... more

Stryker Acquires OtisMed BY LAUREN UZDIENSKI, NOVEMBER 11, 2009

Stryker announced the acquisition of OtisMed, a software company that manufactures custom cutting guides for total knee replacements. Financial terms of the deal were not specifically disclosed, but Stryker simultaneously announced the acquisition of the Sonopet Ultrasonic Aspirator, and the... more

Wright Medical Receives FDA Approval for Conserve Plus Hip Resurfacing Device BY LAUREN UZDIENSKI, NOVEMBER 10, 2009

Wright Medical announced that their Conserve Plus hip resurfacing device received long-awaited FDA approval, which the company said was supported by clinical data on over 1,300 patients with up to eight years of follow-up. The company plans to initiate surgeon... more

House Passes Healthcare Reform Bill BY LAUREN UZDIENSKI, NOVEMBER 9, 2009

The House passed its healthcare reform bill 220-215 this weekend after an unusual Saturday session. This rather narrow victory offers a prelude to what is sure to be a challenging vote in the Senate, as the same contentious issues are... more

Alphatec Spine, Inc. Enters Supply and Distribution Agreement With ETEX Corporation for Novel Biologics Products BY EDITOR, NOVEMBER 5, 2009

CARLSBAD, Calif., Nov 5, 2009 (GlobeNewswire via COMTEX News Network) -- 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,... more

Musculoskeletal News Roundup 5-Nov-09 BY LAUREN UZDIENSKI, NOVEMBER 5, 2009

Earnings aap Implantate reported nine-month revenue of EUR 25.6 million ($37.4 million), which represents a 6% increase over the year-ago period. The company said third-quarter highlights included the signing of several IP agreements that emphasize orthopedics, trauma ad spine. Artimplant... more

House Introduces Bill to Block Medicare Pay Cuts BY LAUREN UZDIENSKI, NOVEMBER 4, 2009

Following in the footsteps of a Senate bill introduced two weeks ago, the House has now released its own legislation to permanently fix scheduled cuts to Medicare payments. Like the Senate's version, the House bill would scrap the SGR formula... more

China to Relax Regulatory Process for Foreign Device Companies BY LAUREN UZDIENSKI, NOVEMBER 3, 2009

Last week's Joint Commission on Commerce and Trade meeting between the U.S. and China in Hangzhou resulted in a number of changes to China's regulatory process, which has historically been costly and time-consuming for foreign companies. In the past, the... more

House Proposes Healthcare Reform Legislation; Device Fees Set at $20B BY LAUREN UZDIENSKI, NOVEMBER 2, 2009

Confirming a report from last week, the bill levies a 2.5% tax on medical devices at the point of sale. The House estimates that the tax will raise around $20 billion over ten years, approximately half the amount the Senate... more


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