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Orthopedic and Dental Industry News Complete Archive »

Musculoskeletal News Roundup 16-Dec-10 BY LAUREN UZDIENSKI, DECEMBER 16, 2010

JMEA Corp. raised $0.2 million of a planned $5.2 million funding round. The company is developing a number of spine, sports medicine, large joint and trauma devices, including an annular repair system.

Theken Spine received a $0.2 million grant from the state of Ohio, which the company will use to buy new machinery and equipment. Further, they're spending $1.6 million to consolidate and renovate four facilities in the city of Medina. The space will be used for offices, warehousing and manufacturing.

Ellipse Technologies received CE mark clearance for their PRECICE limb lengthening device. Unlike most limb-lengthening devices, which are adjusted using external fixation, the PRECICE is adjusted non-invasively via a remote control.

Product Introduction and Update
Memometal Technologies launched two products this week: the MemoDerm Acellular Dermal Matrix, which can be used in soft tissue applications, and the Smart Toe II Hammertoe Fixation System, which the company describes as a component of a "comprehensive system for forefoot fixation."

scil animal care company announced plans to sell Aesculap's Veterinary Osteosynthesis line of products. scil already markets their surgical power tool systems for veterinary indications.

Zimmer received an "unprecedented" 20% reimbursement premium for their Trabecular Metal Modular Cup from the Japanese Central Social Insurance Medical Council. The decision was based on both the material technology and clinical data, which demonstrated the "significant clinical advantages and effectiveness of Zimmer's proprietary Trabecular Metal Technology."

Orthofix announced yesterday that a lawsuit brought by NuVasive over IP relating to Orthofix's Trinity Evolution has been settled for an undisclosed amount. The companies have entered into a licensing agreement for the technology, with terms remaining confidential.

Stryker filed a patent infringement suit against Zimmer over Zimmer's Pulsavac Plus debridement system. Stryker claims the system infringes three U.S. patents, and the company is seeking cash compensation and an order to prevent further use of the products.

Zimmer announced that their NexGen LPS knee was ranked the most cost-effective multiradius design total knee replacement implant in Italy in a recent health technology assessment by Italy's National Agency for Regional Health Services.

Lanx appointed Dan W. Gladney Chief Executive Officer and a member of the Board of Directors. He will assume the role on January 10, 2011. Prior to joining Lanx, Mr. Gladney was Healthcare Operating Partner at Norwest Equity Partners and has served as President and CEO of several successful medical device companies, including DGIMED Ortho, Heart Leaflet Technologies and ACIST Medical Systems.

Wenzel Spine appointed Jon Luedke as Executive Vice President. He will lead Wenzel Spine's U.S. market growth strategy. Mr. Luedke most recently served as Vice President of Sales & Marketing at Centinel Spine and has held positions at Raymedica, Inc. and Zimmer Spine.

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