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Orthopedic and Dental Industry News

March 2012

Globus Medical Files for IPO BY LAUREN UZDIENSKI, MARCH 29, 2012

After several years of speculation, Globus Medical has filed to go public. The company plans to raise up to $100 million in the offering, though they did not specify an offer price or how many shares they expected to sell. Globus recorded sales of $331.5 million in 2011, according to regulatory documents. more

Musculoskeletal News Roundup 29-Mar-12 BY LAUREN UZDIENSKI, MARCH 29, 2012

Mazor reports earnings .... Omni Surgical raises $27M ... Relievant Medsystems raises $30M ... FDA warning letters for Lucero Medical, Orthopedic Alliance and Spinal Solutions ... Benvenue Medical launches Blazer Vertebral Augmentation System ... Aperion Biologics completes enrollment in Z-Lig ACL study ... Benvenue Medical announces enrollment of 250th patient in KAST (Kiva System) study ... Ascendx Spine inks distribution deal in Austria, Germany and Switzerland more

Biomet Settles FCPA Allegations BY LAUREN UZDIENSKI, MARCH 27, 2012

Biomet settled a federal investigation into alleged violations of the Foreign Corrupt Practices Act (FCPA) for around $23 million. The investigation concerned $1.5 million in payments to healthcare providers in Argentina, Brazil and China that spanned the years between 2000 and 2008. more

Arguments Begin Today in Supreme Court's Health Reform Case BY LAUREN UZDIENSKI, MARCH 26, 2012

Arguments in the Supreme Court case reviewing the constitutionality of healthcare reform kick off today in Washington, D.C. The nation's highest court will be considering whether Congress has the authority to require individuals to purchase health insurance, among other issues, in a series of hearings that could derail President Obama's healthcare reform legislation and shake up an election year. more

Musculoskeletal News Roundup 22-Mar-12 BY LAUREN UZDIENSKI, MARCH 22, 2012

KH reports earnings ... Tepha raises $11M ... Anulex resolves FDA warning letter ... IART launches PyroTITAN Humeral Resurfacing Implant ... Benvenue Medical begins enrollment on Luna Interbody System study more

Blue Belt Technologies to Showcase Navio PFS System at CAOS UK 2012 Conference in Glasgow, UK BY EDITOR, MARCH 22, 2012

Blue Belt Technologies announced today the recently CE Marked Navio PFS System for partial knee replacements will be featured at the Computer Assisted Orthopedic Surgery (CAOS) UK conference being held on April 19-20, 2012 at the Beardmore Hotel and Conference Center in Glasgow, UK. The company is looking forward to demonstrating their exciting new technology that brings together the next generation in robotic precision with a powerful intra-operative planning, navigation and visualization software suite. more

Kuros Partners with Synthes on Synthetic Matrix BY LAUREN UZDIENSKI, MARCH 20, 2012

Kuros announced this morning that the company has partnered with Synthes on the development of their synthetic matrix technology. The press release said only that the indications will encompass "certain fields", though Kuros has traditionally focused on trauma, wound and spinal applications. more

Reuters: EU to Approve J&J/Synthes Acquisition BY LAUREN UZDIENSKI, MARCH 19, 2012

Reuters reports that the EU, which has been reviewing J&J's proposed acquisition of Synthes for anti-trust concerns, is close to approving the sale. This update follows an announcement last month that J&J had offered concessions, presumably involving its spine and trauma businesses, to help facilitate the deal. The EU regulatory panel has until April 26th to approve the acquisition, but a decision could come sooner. more

Stem Cell Research at the Salk Institute BY EDITOR, MARCH 15, 2012

HealthpointCapital recently had the opportunity to interview representatives from the Salk Institute, who gave us an overview of the exciting basic science research into stem cells being conducted at the Salk’s San Diego labs.
salk_logo.gif more

Musculoskeletal News Roundup 15-Mar-12 BY LAUREN UZDIENSKI, MARCH 15, 2012

BMTI reports 4Q11 ... Interventional Spine to present PerX360 System at ISASS ... DFINE announces first implantation of STAR System ... Simpirica Spine receives FDA approval for pivotal study ... Mazor Robotics signs distribution agreement for China more

JOBS Act to Lower Funding Hurdles for Small Businesses BY LAUREN UZDIENSKI, MARCH 14, 2012

New, bipartisan legislation passed in the House last week and working its way through the Senate now is designed to decrease the obstacles for small businesses raising funding, though critics argue that the new provisions may offer investors too little protection and may promote fraud. more

Dental Roundup February 2011 BY LAUREN UZDIENSKI, MARCH 13, 2012

Dentsply, Nobel, Straumann announce earnings ... Align launches Invisalign Outcome Simulator ... Glidewell announces Inclusive portfolio launches ... Zimmer Dental launches Trabecular Metal Dental Implant ... Swedish study shows 92% dental implant survival rate at 18 years ... Nobel Biocare announces that Michel Orsinger will not assume role of Chairman more

Survey: FDA Scientists Address Leadership, Outside Influences, Decision Delays and More BY LAUREN UZDIENSKI, MARCH 9, 2012

A group called the Union of Concerned Scientists published a survey of 997 FDA scientists designed to evaluate "scientific integrity" at the agency, with questions covering resources, leadership and external influences. The UCS reports that responses have improved overall since the survey was last conducted in 2006, with more than twice as many respondents saying they believed the agency was "moving in the right direction". Further, 22% more respondents agreed that "FDA leadership is as committed to product safety as it is to bringing products to the market," which aligns with the change in tone that accompanied Margaret Hamburg's administration. more

Musculoskeletal News Roundup 8-Mar-12 BY LAUREN UZDIENSKI, MARCH 8, 2012

Corin, MAKO report earnings ... NLT Spine raises $5.7M ... Baxano receives CE mark for iO-Flex ... Synthes receives FDA warning letter ... Amedica launches Procet Facet Allograft Implant ... Crosstrees Medical completes enrollment in IDE study for VCF treatment ... Titan Spine creates EU subsidiary ... Vexim establishes German subsidiary more

Bisphosphonate Coating Improves Fixation for Dental Implants BY LAUREN UZDIENSKI, MARCH 7, 2012

A new clinical study conducted in Sweden determined that the addition of a bisphosphonate coating to the surface of dental implants improved the devices' stability and osseointegration. One of the study's authors stated, "It is the first time ever anyone... more

TranS1 Wins AMA Coding Decision BY LAUREN UZDIENSKI, MARCH 5, 2012

TranS1 announced this morning that after a long back-and-forth with the American Medical Association, the company has successfully been granted a category I CPT code. Prior to this decision, the AxiaLIF procedure had a category III code, which is used to designate newer or less proven technologies. The AxiaLIF utilizes a pre-sacral approach for fusion at L5-S1. more

Musculoskeletal News Roundup 1-Mar-12 BY LAUREN UZDIENSKI, MARCH 1, 2012

ATEC, ANIK, EXAC announce earnings ... MedShape receives $3M loan ... Globus Medical settles with FDA over NuBone ... FDA clears K2M's SANTORINI Corpectomy Cage ... Wright Medical launches CLAW II Polyaxial Compression Plating System ... TSON opens Raleigh training center more


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