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Orthopedic and Dental Industry News

January 2011

Healthcare IPO Market Heats Up This Week BY SANDER DUNCAN, JANUARY 31, 2011

The US IPO market is heating up as 12 companies are set to price this week. The largest contingent in this group comprises seven healthcare companies, including private equity-backed medical device companies Tornier and BioHorizons, a HealthpointCapital portfolio company. more

Dental News Roundup January 2011 BY LAUREN UZDIENSKI, JANUARY 31, 2011

Align announces 4Q:10 . . . The Carlyle Group acquires Integrated Dental Holdings . . . Glidewell Laboratories' Inclusive Custom abutments now compatible with Astra Tech's implant system . . . Periodontal bacteria linked to respiratory infections . . . Align, Cadent to develop software for Invisalign . . . Dentsply makes donation to NYU more

Surgeons Make Some Headway with Blue Cross Blue Shield BY JOHN MCCORMICK, JANUARY 28, 2011

Last month, North Carolina Blue Cross Blue Shield (NC BCBS) made waves when they put out a coverage policy stating that lumbar spinal fusion was not considered medically necessary if the sole indication is degenerative disc disease. Last week, a coalition of surgeon societies met with NC BCBS and made some headway against the new policies. more

Hospital Capital Expenditures Continue to Improve BY SANDER DUNCAN, JANUARY 27, 2011

Hospital capital expenditures are a leading indicator of hospital profitability, financial health and overall purchasing ability. During tough times, hospitals scale back on equipment purchases and facilities expansion -- sometimes dramatically. During the 2008 liquidity crisis, draconian capital expenditure reductions... more

Musculoskeletal News Roundup 27-Jan-11 BY LAUREN UZDIENSKI, JANUARY 27, 2011

DJO, JNJ, SYK, ZMH report 4Q;10 . . . Arthrex acquires Cardo Medical's total joint assets . . . Flex Biomedical, OrthoSensor raise funding . . . LDR submits PMA for Mobi-C . . . Medtronic launches CD HORIZON SOLERA . . . Kuros releases one-year data from KUR-111 study . . . Gary Fischetti named group chairman for DePuy subsidiaries more

Bill to Repeal Device Tax Introduced in the House BY LAUREN UZDIENSKI, JANUARY 26, 2011

Rep. Erik Paulsen introduced the Protect Medical Innovation Act this week, which would repeal the $20 billion device tax that was passed in last year's healthcare reform package. more

Scientists Reveal 3-D Atomic Model of a Tooth BY LAUREN UZDIENSKI, JANUARY 26, 2011

A new atomic model of a tooth has revealed some of the intricacies of mineralized tissue, which researchers at Northwestern University say could aid in the design of new materials. more

Genetics a Factor in Lumbar Disc Disease BY LAUREN UZDIENSKI, JANUARY 25, 2011

A new study published this week in JBJS found a genetic component for lumbar disc disease. Reviewing data from more than 2.4 million patients in Utah, the researchers identified familial clusters of disc disease, offering new insight into an ailment that is estimated to cost more than $100 billion annually. more

Musculoskeletal News Roundup 20-Jan-11 BY LAUREN UZDIENSKI, JANUARY 20, 2011

Tornier files for IPO . . . FDA clears Zyga Technology's SImmetry Sacroiliac Joint Fusion System . . . Ascension Orthopedics expands MOVEMENT Great Toe Implant System . . . DJO announces CEO Les Cross' retirement more

FDA Announces 510(k) Changes BY LAUREN UZDIENSKI, JANUARY 19, 2011

Deferring some of the more controversial decisions, the FDA announced 25 changes to the 510(k) process that primarily address transparency and clarity in the submission process. CDRH director Jeffrey Shuren said the agency would not implement the class IIB designation, which would address devices that require more comprehensive review, at this time. more

CIGNA, Humana Reverse Coverage Decisions for NUVA's XLIF BY LAUREN UZDIENSKI, JANUARY 19, 2011

NuVasive announced yesterday that CIGNA and Humana have reversed prior non-coverage decisions for NuVasive's XLIF and will cover the procedure. The company notes that all the major commercial insurance providers that once had non-coverage policies for XLIF have reversed their positions, including Aetna, United Healthcare and Health Care Service Corporation. more

Medtech Innovation: U.S. Leads, with Emerging Markets Gaining Ground BY LAUREN UZDIENSKI, JANUARY 18, 2011

This morning PwC released a report on the status of healthcare innovation worldwide, with the U.S. earning the top ranking, followed by Germany, the U.K., France and Japan. Catching up are China, Brazil and India, with the authors predicting that China will reach parity with the developed European nations by 2020. more

SNN Denies Takeover Rumors BY LAUREN UZDIENSKI, JANUARY 14, 2011

Smith & Nephew released a brief statement on rumors of a takeover this morning, saying that the company is "not engaged in any discussions" that would lead to an acquisition. more

Musculoskeletal News Roundup 13-Jan-11 BY LAUREN UZDIENSKI, JANUARY 13, 2011

MAKO, NUVA, SYK pre-announce . . . Globus acquires Facet Solutions' assets . . . Doctors Research Group raises $7.7M . . . Wright Medical launches DARCO system in Japan . . . Zimmer introduces NexGen LPS-Flex Mobile Bearing Knee with Prolong Highly Crosslinked Polyethylene . . . FDA approves Wright Medical's IDE for the INBONE Total Ankle Replacement with Calcaneal Stem . . . China Kanghui Holdings and Consensus Orthopedics announce manufacturing and marketing agreement more

MAKO Preannouncement Shows Increasing Utilization Trends BY SANDER DUNCAN, JANUARY 12, 2011

MAKO announced selected 4Q:10 operating results on Monday, placing 13 new RIO systems in commercial sites during the quarter. These new robots bring units sold worldwide in 2010 to 33, while increasing the total domestic base of systems to 67. more

NuVasive Intends to Appeal Court's $60m Decision BY SANDER DUNCAN, JANUARY 10, 2011

NuVasive announced on Thursday that the U.S. District Court of California issued a $60 million judgment against the company stemming from its use of the NeuroVision trademark. The ruling includes an immediate injunction against the use of the trademark, and NuVasive must comply and pay damages within 30 days. NeuroVision (the product) monitors nerve location during spine surgery. more

Smith & Nephew Rebuffs JNJ Bid BY LAUREN UZDIENSKI, JANUARY 10, 2011

Smith & Nephew has rejected a $10.9 billion bid from Johnson & Johnson to acquire the company, according to reports out late this weekend. Smith & Nephew turned down the offer before Christmas, saying it undervalued the company. The stock price has increased about 19% over the past three months, driven by takeover rumors. more

TranS1 Gets a LIFt BY LAUREN UZDIENSKI, JANUARY 7, 2011

TranS1's stock soared as much as 75% this morning on news that Humana will cover their AxiaLIF procedure. The company has been dogged by reimbursement issues for AxiaLIF, which offers a unique pre-sacral approach to lumbar fusion. more

Musculoskeletal News Roundup 6-Jan-11 BY LAUREN UZDIENSKI, JANUARY 6, 2011

Biomet kicks off earnings season . . . DJO acquires Elastic Therapy, Inc . . . MiMedx acquires Surgical Biologics . . . Bonovo raises $10M . . . Graftys raises $5M, initiates clinical study . . . FDA warns Smith & Nephew over German plant . . . MDT launches PEEK PREVAIL in Europe . . . TSON appoints CEO more

FDA Deputy Commissioner Joshua Sharfstein to Step Down BY LAUREN UZDIENSKI, JANUARY 5, 2011

FDA Deputy Commissioner Joshua Sharfstein will resign his position at the agency after less than two years, according to a report in the Wall Street Journal. Dr. Sharfstein and Commissioner Margaret Hamburg ushered in a more stringent administration when they were appointed to the FDA in early 2009, driving an increase in warning letters and initiating a review of ReGen Biologics' market clearance for Menaflex. more

Alphatec Spine, Inc. Announces the First Three-Level Guided Lumbar Interbody Fusion Procedure Performed Using the Revolutionary ARC Portal Access System BY EDITOR, JANUARY 4, 2011

Alphatec Spine, Inc. today announced the first ever three-level Guided Lumbar Interbody Fusion (GLIF) procedure performed by Morgan Lorio, MD FACS of Bristol, TN. GLIF is the only lateral approach on the market today that provides the surgeon the ability to perform a 360-degree correction without repositioning the patient. more

First Baby Boomers Turn 65 BY LAUREN UZDIENSKI, JANUARY 3, 2011

On January 1, the first of the Baby Boom generation turned 65, reaching Medicare eligibility and portending growth in medtech consumption. more


Complete Archive