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Orthopedic and Dental Industry News Complete Archive »

Musculoskeletal News Roundup 15-Apr-10 BY LAUREN UZDIENSKI, APRIL 15, 2010

Earnings
aap Implantate reported preliminary 1Q:10 data of EUR 5.7 million ($7.8 million), down 3% over the year-ago period. The company expects sales growth to accelerate through 1H:10 based on new product launches, including allograft and projected increases in sales of existing product.

Alphatec Holdings, Inc. announced that, based on preliminary financial data, the company will report record consolidated quarterly revenues of approximately $38.4 million for the first quarter 2010, an increase of 25.6% from the $30.6 million reported for the first quarter 2009 and a sequential increase of 5.0% over fourth quarter 2009 revenues of $36.6 million. The consolidated revenues for the first quarter 2010 do not include the revenues of Scient'x S.A., which was acquired on March 26, 2010.

Biomet reported FQ3:10 sales of $669.8 million, up 6% over the year-ago period. Among segments, reconstructive sales, excluding dental, increased 10%; including dental, sales were up 8%. Hip increased 4%; knee increased 13%; dental decreased 1% and extremity increased 27%. Additionally, fixation sales were flat and spine sales increased by 4%. All growth rates exclude the effects of currency. Adjusted net income for the quarter was $67.0 million, up 53% over the year-ago period.

Medicrea reported a 25% increase in year-over-year sales in 1Q:10, with revenues totaling EUR 3.4 million ($4.6 million). The growth rate excludes the effects of currency. The company attributed the sales growth to "continued development of the Group's distribution subsidiaries as well as the launch of new products in the US and European markets."

M&A
The Riverside Co. portfolio company Summit Medical acquired Eska Implants, a Lubeck, Germany-based manufacturer of hip, knee, shoulder, elbow, spine, hand, foot and modular systems for reconstructive surgeries. No financial terms were disclosed.

Funding
Alphatec Holdings, Inc. announced that it is offering to sell 8,000,000 primary shares of its common stock and a selling shareholder, HealthpointCapital Partners, L.P., is offering 8,000,000 shares of Alphatec common stock in an underwritten public offering. Jefferies & Company, Inc. is acting as lead book-running manager for the offering, with Canaccord Adams Inc. acting as joint book-running manager and Cowen and Company, LLC and Lazard Capital Markets LLC acting as co-managers.

Articulinx closed a $10.0 million Series B round led by US Venture Partners, who were joined by De Novo Ventures. The company will use the funds to further development of the Articulinx CMC Spacer, which "[separates] bones in joints where the articular cartilage has degenerated."

biospace med closed on $18.0 million in funding to "accelerate market expansion" in North America and Europe of the EOS ultra-low-dose 2D/3D imaging system. Participating in the round were Edmond de Rothschild Investment Partners, Credit Agricole Private Equity, UFG Private Equity, NBGI Ventures, COFA Invest; and new investor CDC Entreprises, acting on behalf of the SIF (Strategic Investment Fund).

Local press on Osseon reported that the developer of a VCF treatment raised $6.0 million in a recent round of funding.

Regulatory
ConforMIS received CE mark clearance for the iUni G2 Patient-Specific Unicompartmental Knee Resurfacing Implant. The G2 is the next generation of ConforMIS' customized implant.

Exactech received clearance in Japan to market the Novation primary hip replacement. The company notes that hip replacements outnumber knee replacements in the Japanese market.

Product Introduction and Update
Salient Surgical announced the availability of AQUAMANTYS bipolar sealers for use in orthopedic trauma procedures. The device is already in use for spinal fusion and hip and knee reconstructions.

At a wound care symposium this week, Smith & Nephew Advanced Wound Management introduced new sizes for its ACTICOAT Silver Coated Antimicrobial Barrier Dressings, which the company said could be used in hip, ankle and tibial plateau fractures.

Stryker Interventional Spine launched the iVAS inflatable vertebral augmentation system for the treatment of vertebral compression fractures. The company says they now have a complete portfolio of mixer and delivery systems, bone cements and needles for both vertebral augmentation and vertebroplasty.

Intellectual Property
Interventional Spine received U.S. Patent No. 7,648,523, covering "Method and Apparatus for Spinal Stabilization." The company says this patent includes 25 claims that protect the PDS System for facet augmentation, sold OUS as the PercuDyn system.

Clinical
Cayenne Medical announced that an independent clinical study of the AperFix System determined that the device "provides a safe, efficient and secure means of arthroscopic reconstruction of the posterior cruciate ligament following traumatic injury." The study was published in the February 2010 issue of Orthopedics.

Collaborations
Dynamic Disc Designs and QuickMedical are working together to create "the most realistic disc models" for patient education.

Appointment
Custom Spine named David Brumfield Senior Vice President of Research and Development. Mr. Brumfield has 31 years of experience in developing orthopedic and spinal medical devices, he holds 33 U.S. patents and has published extensively in the orthopedic field.

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