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Orthopedic and Dental Industry News

November 2012

Musculoskeletal News Roundup 30-Nov-12 BY ANDREW VAHRADIAN, NOVEMBER 30, 2012

Mazor Robotics reports financial results for 3Q:12...Smith & Nephew to acquire Healthpoint Biotherapeutics...Straumann Vice Chairman sells 10% stake in Straumann Holding...Pakistani government establish new regulatory body for medical devices...Frontier Medical Devices and Z-Medical GmbH obtain FDA approval and clearance respectively...Esaote introduces new MRI approach G-scan Brio...Cadence Inc. expands to a new facility in Pittsburgh...Stryker invests $30 million in R&D facility in Ireland...Precision Spine initiates an exclusive development agreement with Dr. Stephen Cook...Smith & Nephew appoint Julie Brown CFO more

Institutional Investors Showing Interest in Dental Implants BY ANDREW VAHRADIAN, NOVEMBER 30, 2012

Thomas Straumann, the Vice Chairman of the dental-implant manufacturer, Straumann Holding, sold a 10% stake in the company to the Government of Singapore Investment Corporation (GSIC), citing that he needed to meet other financial obligations due to the “prevailing weak... more

Emerging Market Trends: Pakistan Regulatory Overhaul BY ANDREW VAHRADIAN, NOVEMBER 29, 2012

The Pakistani government has signed legislation establishing the Drug Regulatory Authority of Pakistan, which will regulate the medical device and pharmaceutical products sold in the country. The Authority will not only issue guidelines, but also monitor enforcement of device manufacturing... more

Julie Brown Appointed CFO of Smith & Nephew BY ANDREW VAHRADIAN, NOVEMBER 27, 2012

Smith & Nephew announced that effective early February 2013, the company will appoint Julie Brown as its Chief Financial Officer and name her as an Executive Director on its Board of Directors. Julie joins Smith & Nephew after 25 years... more

Musculoskeletal News Roundup 21-Nov-12 BY ANDREW VAHRADIAN, NOVEMBER 21, 2012

Medtronic reports financial results for its fiscal 2Q:13...Wright Medical announces plans to acquire BioMimetic Therapeutics...Esaote, ulrich medical introduce new products...Synthes recalls Trauma Fixation Nail systems more

Medical Device Regulation Change in Russia BY ANDREW VAHRADIAN, NOVEMBER 20, 2012

A meaningful overhaul in the structure of how medical devices are regulated in Russia is expected to take place in early 2013. The Russian Ministry of Health has approved new guildelines regarding medical device classification, importation and adverse event handling.... more

Wright Medical to Acquire BioMimetic Therapeutics BY ANDREW VAHRADIAN, NOVEMBER 19, 2012

Wright Medical announced that it reached an agreement with BioMimetic Therapeutics to combine the businesses, in which it will potentially pay up to $380 million, or $12.97 per share, for BioMimetic in cash and stock, implying a premium range of... more

Musculoskeletal News Roundup 16-Nov-12 BY ANDREW VAHRADIAN, NOVEMBER 16, 2012

aap Implantate reported financial results for 3Q:12...Intrinsic Therapeutics received $11.6 million in financing...Minimus Spine raised $1 million in financing...2IL Orthopaedics agreed to acquire Corin Group...MedShape, Orthofix, Shoulder Options Incorporated, Smith & Nephew all announce new products...Judge decides Zimmer will face a jury trial for lawsuit filed by Stryker...TiGenix enters a distribution agreement with Genpharm...Stryker appoints David K. Floyd as Group President, Orthopaedics...Tornier appoints David H. Mowry interim President & CEO and names Kevin C. O'Boyle interim Vice Chairman more

MAKO Prices Public Offering BY ANDREW VAHRADIAN, NOVEMBER 14, 2012

MAKO Surgical disclosed the pricing of its previously announced underwritten public offering selling 3,042,000 shares of its common stock at a public offering price of $13.15 per share. Net proceeds from the sale are expected to be approximately $37 million... more

Management Changes at Stryker and Tornier BY LAUREN UZDIENSKI, NOVEMBER 12, 2012

In management news this week, David Floyd joins Stryker, and Doug Kohrs has retired from Tornier. more

Dental News Roundup October 2012 BY MATTHEW JAFFE, NOVEMBER 9, 2012

Earnings reports from ALGN, XRAY, STMN and ZMH... Products launches from 3M ESPE, ALGN, NOBL, Product expansion from XRAY, an newly invented nano-polymer from Spain... Clinical data on TiUnite implant surface... STMN workforce restructuring... STMN / Dental Wings collaboration more

Musculoskeletal News Roundup 9-Nov-12 BY ANDREW VAHRADIAN, NOVEMBER 9, 2012

Alpahtec Spine, Bacterin, BioMimetic Therapeutics, Mako Surgical, Seikagaku Corporation, TranS1, TiGenix, Tornier, and Wright Medical all reported financial results for 3Q:12...Corin in M&A discussions with 2IL Orthopaedics...Cytomedix receives 510(k) clearance for its Angel Plasma System... LDR receives PMA for Mobi-C...SpinalCyte receives patent for methodology to regrow spinal discs...DePuy introduces TRUMATCH Pin Guide more

Alphatec Spine Completes Asset Acquisition of Irvine, CA-Based Phygen LLC BY EDITOR, NOVEMBER 7, 2012

Alphatec Spine, Inc., announced that it has closed its acquisition of certain assets of Phygen LLC. "We are very pleased and excited to close this important transaction and bring these two companies together. It is truly a synergistic fit and... more

Blue Belt Technologies Announces First United Kingdom-Based NavioPFS Unicondylar Knee Replacement Surgery BY EDITOR, NOVEMBER 6, 2012

Blue Belt Technologies, Inc. announced the first NavioPFSâ„¢ unicondylar knee replacement (UKR) procedure performed in the United Kingdom, completed on October 26, 2012 by Mr. Alberto Gregori at Hairmyres Hospital in Scotland. The NavioPFS surgical system represents a new generation... more

FDA Aims to Improve Device Quality, Not Just Compliance BY LAUREN UZDIENSKI, NOVEMBER 6, 2012

In comments last month, Steve Silverman, Director of the CDRH's Office of Compliance, addressed new objectives for the FDA's device office: working with industry to improve not just compliance with existing regulations, but device quality. Silverman says this will hinge... more

Musculoskeletal News Roundup 2-Nov-12 BY ANDREW VAHRADIAN, NOVEMBER 2, 2012

Anika Therapeutics, Artimplant, ArthoCare Corporation, DJO Global, Exactech, Globus Medical, Greatbatch, Smith & Nephew and Symmetry Medical all report financial results for 3Q:12...Medtronic completes acquisition of Kanghui...NuVasive, Providence Medical, Vertos Medical and X-spine Systems all receive regulatory approval...Friedrich Daniels and RTI Biologics launch new products...DePuy Synthes enters into partnership with Brainlab more


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