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Orthopedic and Dental Industry News

April 2013

Blue Belt Announces Formation of Hip Scientific Advisory Board BY EDITOR, APRIL 29, 2013

Blue Belt Technologies, Inc., an innovative medical technology company commercializing robotic solutions for orthopedic surgery and other applications where precision bone preparation is required, today announced the creation of a Scientific Advisory Board focused on femoroacetabular impingement (“FAI”) led by... more

Musculoskeletal News Roundup 26-Apr-13 BY ANDREW VAHRADIAN, APRIL 25, 2013

CONMED, Exactech, Ossur, RTI, Stryker, Vexim, Zimmer report financial results...Aspect Imaging, MedShape, Microline receive 510(k) clearance...Eminent Spine, K2M, Southern Spine, SpineFrontier launch new products...Carticept, Loukas issued patents...Achilles tendon study released...Benvenue, Mesoblast, Seikagaku announce studies...NuVasive opens new office more

Chinese Governmental Expenditure on Healthcare Anticipated to Rise BY ANDREW VAHRADIAN, APRIL 25, 2013

Two independent industry reports illustrate encouraging signs regarding the development of the healthcare industry in China, indicating that healthcare spending in the country will increase substantially in future years. Industry analysts at KPMG anticipate that Chinese governmental expenditure on pharmaceuticals,... more

Medtronic CEO Discusses Strategy in India BY ANDREW VAHRADIAN, APRIL 24, 2013

Medtronic CEO, Omar Ishrak, sat down for an interview with the Economic Times and discussed the company's strategy regarding the Indian marketplace. Medtronic's devices are generally utilized by developed economies as they are perceived to be premium segment products. The... more

Musculoskeletal News Roundup 19-Apr-13 BY ANDREW VAHRADIAN, APRIL 19, 2013

EOS, Johnson & Johnson, MEDICREA report financial results...NovoPedics receives financing...MAKO to acquire Stanmore RGA business...Carticept Medical, MedShape receive 510(k) clearance...DFINE, Titan Spine release study results...Pluristem expands study...Medtronic Spine to restructure workforce...Amendia expands facilities...Invuity and Novation enter distribution agreement more

Federal Report Depicts Medtech Employee Salaries Higher than National Average BY ANDREW VAHRADIAN, APRIL 18, 2013

The Federal Bureau of Labor & Statistics released data exhibiting results that employees at medtech companies on average, are paid more than their counterparts in other industries. The figures concluded that in general, medical device workers earn an annual salary... more

MAKO to Acquire Stanmore Implants' Sculptor Robotic Guidance Arm BY ANDREW VAHRADIAN, APRIL 17, 2013

MAKO Surgical announced it plans to acquire certain assets of Stanmore Implants related to its Sculptor Robotic Guidance Arm (RGA) business, and settle all patent infringement actions the company has taken against Stanmore regarding the device. Under asset purchase and... more

Musculoskeletal News Roundup 12-Apr-13 BY ANDREW VAHRADIAN, APRIL 12, 2013

Biomet reports 3Q:13 results...Spain public-sector debt to medtech suppliers...House Rep Erik Paulsen issues statement for Protect Medical Innovation Act...Argentina regulatory change for Class I devices...FDA classifies Stryker's recall of ShapeMatch as Class I recall...Reuters' report reveals the Med Device industry had the largest patent growth...Ranier granted patent...Regentis expands clinical study of GelrinC implant...Relievant completes interim review of trial of Intracept therapy...Oxford Performance Materials and Biomet Microfixation enter distribution agreement...Stryker appoints William Jellison as CFO more

Progress on Medtech Tax Repeal BY ANDREW VAHRADIAN, APRIL 12, 2013

House Representative Erik Paulsen (R-MN) issued a statement regarding his Protect Medical Innovation Act seeking to repeal the Affordable Care Act's 2.3% medical device excise tax, has gained its 218th cosponsor in the House, giving the bill enough support to... more

William Jellison Appointed CFO of Stryker BY ANDREW VAHRADIAN, APRIL 9, 2013

Stryker announced the appointment of William Jellison to the position of Vice President, Chief Financial Officer, effective April 22, 2013. Mr. Jellison will replace Interim CFO, Dean Bergy, who will remain at the company as Vice President, Corporate Secretary. Prior... more

Medical Device Segment Outperforms All other Industries in Patent Growth BY ANDREW VAHRADIAN, APRIL 8, 2013

The latest State of Innovation report from Thomson Reuters revealed that the Medical Device industry accounted for 8% of global patent activity in 2012 and that the segment experienced the largest rate of prior period patent growth, increasing approximately 16%... more

Musculoskeletal News Roundup 5-Apr-13 BY ANDREW VAHRADIAN, APRIL 5, 2013

MicroDental Laboratories receives Dental Appliance Manufacturing Audit System (DAMAS) Accreditation...aap Implantate reports 2012 results...Renovis Surgical, Orthodata close financing rounds...Smith & Nephew acquires distribution assets from PrĂ³ Cirurgia Especializada...AxioMed Spine receives patent for Freedom Cervical Disc Technology...Biomet not to proceed with a spin-off of 3i dental business...Bioventus announces launch in Canada, France and Finland...Multiple Mazor Robotics Renaissance systems acquired by U.S. hospital corporation more

MicroDental Laboratories Receives Prestigious Patient Health and Safety Accreditation BY EDITOR, APRIL 3, 2013

MicroDental Laboratories, one of the leading dental laboratories in the world, is now a DAMAS accredited laboratory. DAMAS stands for Dental Appliance Manufacturing Audit System. DAMAS is designed to allow dental laboratories to demonstrate that they follow FDA’s Good Manufacturing... more

Biomet Decides Not to Spin-off 3i Dental Business BY ANDREW VAHRADIAN, APRIL 2, 2013

Biomet reported in a regulatory filing that the Board of Directors of LVB Acquisition, Inc. and Biomet have collectively decided not to proceed with a spin-off of the company’s Biomet 3i dental business. No explanation regarding the decision was provided.... more

Medical Device Industry Recognizes Significant Gains in Total M&A Value during 2012 BY ANDREW VAHRADIAN, APRIL 2, 2013

The latest Pharmaceutical and Life Sciences Deals Insights quarterly report from PricewaterhouseCoopers (PwC) revealed a slight year-over-year decrease in transaction volume in the medtech sector, but noted that the sector's M&A market experienced its largest-ever rise in total value. PwC... more

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