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Orthopedic and Dental Industry News

September 2012

Musculoskeletal News Roundup 28-Sept-12 BY EDITOR, SEPTEMBER 28, 2012

Ranier raises $5 million...IlluminOss raises $28.0 million...Alphatec to acquire Phygen assets...Amedica receives 510(K) clearance for device system...Biomet launches new stemless shoulder product...Biomet announces implant warranty...Smith & Nephew receives FDA clearance for hip indications for anchor products...Smith & Nephew relay safety notice for Hip Modular Head implants...Titan Spine awarded patent for interbody device...Iconacy invests in new facility in Indiana. more

Medtronic to Acquire China Kanghui for $816M BY LAUREN UZDIENSKI, SEPTEMBER 28, 2012

Medtronic announced yesterday plans to acquire China Kanghui Holdings, a move that will strengthen the company's presence in the emerging markets. Medtronic will pay $816 million in cash for Kanghui, or or $30.75 per American depositary receipt. Net of cash, the deal is valued at $755 million, which is about 11.9x estimated 2012 revenues of $63.6 million, and represents a 22% premium over yesterday's closing price. more

Alphatec Spine Receives Board Approval to Acquire Assets of Spine Implant Business BY EDITOR, SEPTEMBER 27, 2012

Alphatec Holdings announced today that its board of directors has approved the Company's plans to acquire certain assets of Phygen, LLC, a spinal implant manufacturer based in Irvine, CA. The purchase price for the assets is approximately $15.2 million in stock and cash. On August 7, 2012, Alphatec Spine first announced that it had signed a letter of intent to acquire the assets of the company. more

Italian Researchers Find Earliest Evidence of Dental Fillings BY LAUREN UZDIENSKI, SEPTEMBER 25, 2012

Researchers in Italy, working with a 6,500-year-old jawbone, found what may be the earliest evidence of dental fillings. A tooth was identified as being filled with beeswax, a case that, if the beeswax was applied while the patient was still alive, "would provide the earliest known direct evidence of therapeutic-palliative dental filling." The finding was published in PLoS One. more

Government Program Would Invite Patients to Report Medical Errors BY LAUREN UZDIENSKI, SEPTEMBER 25, 2012

Adverse events are typically reported by medical professionals via the FDA's MedWatch system, but a new initiative from the Agency for Healthcare Research and Quality (AHRQ) aims to encourage patients and consumers to submit "medical mistakes and unsafe practices" by physicians, hospitals and pharmacists. The New York Times reports that the government worries that many safety incidents are under-reported, and the consumer data could improve delivery of care and reduce adverse events, like infections, injuries or deaths. more

Musculoskeletal News Roundup 20-Sept-2012 BY LAUREN UZDIENSKI, SEPTEMBER 20, 2012

K2M receives expanded 510(k) clearance for MESA portfolio ... ATEC announces first clinical use of NEXoss ... DJO launches Movation TKA ... KFx announces new patent ... Lanx announces ASPEN MIS results more

Spending Trends in Spine BY LAUREN UZDIENSKI, SEPTEMBER 19, 2012

New data show that back pain trails only upper respiratory complaints as the most-common reason U.S. patients see a physician, with about 6% of U.S. adults reporting a doctor's visit due to back pain in 2008. In terms of costs, the average per-patient expenditure on spine care rose 95% between 1998 and 2008, resulting in a total of $90 billion spent on the diagnosis and management of low back pain annually, and an additional $10 to $20 billion in economic losses in productivity. These trends were all observed by a new article in the journal Spine, published September 1. more

Alphatec Spine Releases Alphatec NEXoss Nanostructure Bio-Active Matrix and Announces the First Patient Implant BY EDITOR, SEPTEMBER 18, 2012

Alphatec Spine announced today the first clinical use of Alphatec NEXoss, a next generation synthetic bone graft indicated for use in posterolateral spine fusions in conjunction with bone marrow aspirate, autograft bone and appropriate hardware. more

Robotic Suits Help Patients Walk BY LAUREN UZDIENSKI, SEPTEMBER 14, 2012

The New York Times highlighted robotic suits in an article published this week, new technology that can help paralyzed patients walk. Further, the military is looking at the suits to make soldiers "superhuman." more

Musculoskeletal News Roundup 13-Sept-12 BY LAUREN UZDIENSKI, SEPTEMBER 12, 2012

FDA clears Iconacy Orthopedic Implants' I-Hip system ... Precision Spine's Slimplicity Solo Anterior Cervical Plate System 510(k)-cleared ... Amedica studies find "superior osseointegration and bacterial-resistant properties" of silicon nitride ... Ascendx Spine begins commercial shipments to Europe ... Osseon launches Osseoflex SN+ ... Smith & Nephew releases LEGION HK Hinge Knee ... NuVasive signs Premier agreement more

Are Federal Budget Cuts Jeopardizing FDA User Fees? BY LAUREN UZDIENSKI, SEPTEMBER 11, 2012

Bloomberg reported yesterday that the user fee agreement, which the FDA and industry finalized in February after months of negotiations, may now be in jeopardy due to Congressional budget squabbles. The FDA cannot use any of fiscal 2013's roughly $100... more

Reuters Predicts Uptick in Medtech M&A BY LAUREN UZDIENSKI, SEPTEMBER 6, 2012

A new Reuters report predicts that medtech M&A will escalate in 2013, an uptick they attribute to the looming device tax and recent management transitions. Reuters speculates that as small companies become pressured by the 2.3% device tax, set to go into effect in January, buying opportunities could emerge for strategics. Further, recent management changes, including new CEOs at J&J and Medtronic, may have slowed M&A, which should reverse as new leaders settle into their organizations. more

Musculoskeletal News Roundup 6-Sept-12 BY LAUREN UZDIENSKI, SEPTEMBER 6, 2012

FDA clears aap's LOQTEQ, LDR's Avenue L Lateral Lumber Cage System ... K2M introduces SERENGETI Complex Spine Minimally Invasive Retractor System ... AmnioClear clinical data ... Biomet to distribute BONESUPPORT's CEREMENT more

Stryker Hosting Analyst Meeting This Week BY LAUREN UZDIENSKI, SEPTEMBER 5, 2012

Stryker is set to host an analyst meeting on Thursday, and some reports suggest this meeting could include a permanent CEO announcement. more

Dental News Roundup - August 2012 BY MATTHEW JAFFE, SEPTEMBER 3, 2012

Earnings from Henry Schein, Sirona, Nobel Biocare, Patterson Dental, and Straumann. Product introductions from BioHorizons and BIOMET 3i. Nobel marketing. Henry Schein board appointment. more


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