AUDUBON, Pa., Jan. 19, 2016 (GLOBE NEWSWIRE) — Globus Medical, Inc. (NYSE:GMED), a leading musculoskeletal implant manufacturer, today announced DePuy Synthes Products, Inc., DePuy Synthes Sales, Inc. and Globus Medical, Inc. have settled four patent infringement lawsuits concerning spinal implant technologies. The terms of the settlement have not been disclosed but were to the parties’ […]
NEWS
SI-BONE, Inc. Announces European Expansion with Formation of SI-BONE UK Ltd and Key Additions to Management Team
SAN JOSE, Calif., Jan. 20, 2016 /PRNewswire/ — SI-BONE, Inc., a medical device company that pioneered the use of the iFuse Implant System®, a minimally invasive surgical (MIS) device indicated for fusion for certain disorders of the sacroiliac (SI) joint, announced the expansion of its European operations with the formation of SI-BONE UK Ltd, along […]
VGI Medical Announces FDA Clearance of the VerteLP® Lateral Lumbar Cage System
SAINT PETERSBURG, FLORIDA (PRWEB) JANUARY 19, 2016–VGI Medical, LLC, a privately held medical device company offering innovative spinal implants, announced that it has received 510(k) clearance from the United States Food and Drug Administration to market the VerteLP Lateral Lumber Cage System. VerteLP represents the latest of lateral lumbar fusion, featuring enhanced bi-cortical plating technology […]
GS Medical USA Experiences Growth, Expansion and New Product Development in 2015
IRVINE, Calif., Jan. 19, 2016 /PRNewswire/ — GS Medical USA, LLC, (GSM) worldwide leader in the development and manufacturing of medical devices for the care of spine pathologies, announced today that 2015 represented a landmark shift in both the leadership and direction of the company. James Shin, CEO of GS America summarized, “2015 was a […]
Medtronic Launches OsteoCool System for Spinal Metastasis
In an attempt to expand its product portfolio that addresses pain therapeutic solutions, Medtronic plc MDT recently launched its OsteoCool radiofrequency (RF) Ablation System in the U.S. market, subsequent to the receipt of the FDA 510(k) approval for the same. The OsteoCool System is designed to treat cancer patients suffering from painful spinal metastasis. Incidentally, the OsteoCool […]
Spine Surgery: A Tale of Greed and Corruption
All too often, where there’s substantial money to be made, greed and corruption inevitably follow. Such appears to be the case in the world of spine surgery, with the Department of Justice recently releasing the latest details regarding “Operation Spinal Cap,” an ongoing federal investigation into an alleged series of kickback schemes that generated an estimated […]
MEDICREA: 2015 Annual Sales
LYON, France & NEW YORK–(BUSINESS WIRE)–Regulatory News: The MEDICREA group (Paris:ALMED) (Alternext Paris: FR0004178572 – ALMED, PEA-PME eligible), which specializes in the development and manufacturing of innovative surgical technologies for the treatment of spinal pathologies, announces its 2015 annual sales.Variations in foreign currency rates had a positive impact of 10% on 2015 annual sales. 2015 annual […]
SpineGuard reports 2015 revenue growth of 43% to €6.3 M
PARIS and SAN FRANCISCO, Jan. 14, 2016 – SpineGuard (FR0011464452 – ALSGD), an innovative company that develops and markets disposable medical devices designed to make spine surgery safer, reported today that its consolidated full-year 2015 revenue grew by 43%, to €6.3 million. Pierre Jérôme, CEO and co-founder of SpineGuard, said: “We closed 2015 with another […]
DeGen Medical Launches Hyper-C(TM) Anterior Cervical Plate System
FLORENCE, S.C., Jan. 12, 2016 (GLOBE NEWSWIRE) — DeGen Medical announced the launch of its cervical spine implant, Hyper-C™ Anterior Cervical Plate System. The Hyper-C™ system is an anterior intervertebral fixation device that is designed to aid in stabilizing the cervical spine. The first anterior cervical fusion with Hyper-C™ implants was performed by Dr. Daniel […]
Vertera Spine Founder Named to Forbes “30 Under 30” List
ATLANTA, Jan. 12, 2016 /PRNewswire/ — Vertera Spine, a company focused on developing medical devices with advanced functional surface technologies for spine applications, announced today that one of its founding members, Allen Chang, was named to the Forbes 2016 “30 Under 30” list in the Manufacturing and Industry sector. The list, now in its fifth […]
In’Tech Medical Celebrates Year of Growth; Leading Edge Initiatives in Fiscal Year 2015
MEMPHIS, TN (PRWEB) JANUARY 12, 2016=In’Tech Medical SAS (http://www.intech-medical.com), a world leader in Contract Manufacturing of surgical instruments in Orthopedics, is pleased to announce exceptional growth and results in fiscal year 2015. In addition to another year of revenue growth and $4 million in capital investment, the company celebrated several key milestones in 2015, including […]
Thank you very much to NORM as PLATINUM Sponsor 2016 to SPINEMarketNews
Thank you very much to NORM for their PLATINUM sponsorship 2016 to SPINEMarketNews.com. NORM Tıbbi Ürünler İth. İhr. San. Ve Tic. Ltd. Şti. has been established by Adem UYANIK in 2006 where headquaters are located in Ankara with a branch located in Istanbul. Adem UYANIK, who has undertaken activities in medical sector in 1990 established MEDIKON […]
Intrepid Orthopedics Signs 1ST Licensing Deal For B-DRIVETM Screw Drive System
Richfield, Ohio, January 11, 2016 – Intrepid Orthopedics, a product development company, has signed its first licensing agreement with a major spinal implant company for its proprietary B-DriveTM Self-Retaining Screw Drive System. When fully licensed, B-Drive is expected to generate $5-$10 million during the lifetime of the patent. Lee Strnad, President of Intrepid Orthopedics, is […]
K2M Group finds market hard to please
(www.proactiveinvestors.com). According to Proactive Investors.com, Medtech firm K2M Group found the market hard to please as it released fourth quarter results.The company said it expects underlying adjusted earnings (EBITDA) for the whole of 2015 will be within the range of previously stipulated guidance. Full-year revenue is tipped to be between US$216.0mln and US$216.3mln, up some 16% year-on-year, […]
K2M Group Holdings, Inc. Reports Preliminary Fourth Quarter and Full Year 2015 Financial Results With 17% Annual Growth
LEESBURG, Va., Jan. 11, 2016 (GLOBE NEWSWIRE) — K2M Group Holdings, Inc. (Nasdaq:KTWO) (the “Company” or “K2M”), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine and minimally invasive technologies and techniques, today reported preliminary financial results for the fourth quarter and full year ended December 31, 2015. […]
SeaSpine Announces Fourth Quarter and Full-Year 2015 Preliminary Results and Issues 2016 Guidance
CARLSBAD, Calif., Jan. 11, 2016 (GLOBE NEWSWIRE) — SeaSpine Holdings Corporation (NASDAQ:SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced today preliminary unaudited financial results for the fourth quarter and year ended December 31, 2015 and issued guidance for 2016. Preliminary and unaudited revenue for the fourth […]
SpineGuard secures €7.7M debt financing with Bpifrance and IPF Partners
PARIS & SAN FRANCISCO–(BUSINESS WIRE)–SpineGuard (FR0011464452 – ALSGD), an innovative company that designs, develops and markets disposable medical devices designed to make spine surgery safe and easier, announced today that it has secured a total €7.7M debt financing through an Innovation Loan of €1.5M with Bpifrance and the issuance of four tranches of bonds totaling […]
K2M Expands Minimally Invasive Spine Portfolio With Addition of Its CASCADIA™ Lateral Interbody System Featuring Lamellar Titanium Technology™
LEESBURG, Va., Jan. 08, 2016 (GLOBE NEWSWIRE) — K2M Group Holdings, Inc. (Nasdaq:KTWO), a global medical device company focused on designing, developing and commercializing innovative and proprietary complex spine technologies, techniques and minimally invasive procedures, today announced it has recently received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market theCASCADIA™ Lateral […]
VEXIM Exceeds the Threshold Of 25,000 SpineJack® Implants Sold
VEXIM (Paris:ALVXM) (FR0011072602 ‐ ALVXM / PEA-PME eligible), a medical device company specializing in spine trauma, today announced that it has reached the key milestone of 25,000 SpineJack® units sold since the market launch of the implant in 2011. This symbolic 25,000 mark in the sales of SpineJack® implants officially occurred in the last quarter of 2015. […]
Benvenue Medical Secures $60 Million Financing
SANTA CLARA, Calif.–(BUSINESS WIRE)–Benvenue Medical, Inc., a developer of minimally invasive solutions for spine repair, announced it completed a $60 million round of financing. The spine company intends to use the proceeds to accelerate U.S. commercialization activities for its two innovative minimally invasive products – the Luna® 3D Interbody Fusion System for treating degenerative disc […]
Thank you very much to iSpine as GOLD Sponsor 2016 to SPINEMarketNews
iSpine is a South African company that was formed to meet the needs of Neuro and Spinal surgeons the world over.The company and its expert partners, designs, develops and manufactures spinal instruments and implants to globally accepted standards.http://www.ispine.co.za
MEDTECH Receives FDA Clearance for ROSA Spine
MONTPELLIER, France, Jan. 05, 2016 (GLOBE NEWSWIRE) — MEDTECH (Euronext, FR0010892950 – ROSA), a company specialized in designing, developing and marketing innovative surgical assistance robots, is pleased to announce that it has received 510K clearance from the United States Food and Drug Administration (FDA) to market the ROSA™ Spine robot in the United States of […]
NuVasive takes over Ellipse Technologies for $410M
NuVasive (NASDAQ:NUVA) acquires privately held Ellipse Technologies for $380M cash upfront and a potential $30M milestone payable in 2017 related to specific revenue targets. NUVA expects the transaction to accelerate its top line growth in the high-single-digit range and be slightly accretive to its non-GAAP EPS in the first year and significantly accretive thereafter.Ellipse develops […]
World’s first spinal fusion surgery performed with single-step insertion of DSG™ Technology enabled screws
PARIS and SAN FRANCISCO, Jan. 5, 2016 – SpineGuard (FR0011464452 – ALSGD), an innovative company that designs, develops and markets disposable medical devices designed to make spine surgery safer, announced today the world’s first spinal fusion surgery performed with the one-step-insertion of pedicle “smart screws” guided by DSG™ (Dynamic Surgical Guidance) technology. This surgery was […]
Implanet announces its 2016 financial calendar
Bordeaux, Boston, January 4, 2016: IMPLANET (Euronext: IMPL, FR0010458729, PEA-PME eligible), a medical technology company specializing in vertebral and knee-surgery implants, announced today its schedule for the publication of financial information for 2016. Event […]
Amedica Signs International Private Label Supply Agreement With Chinese Orthopedic Company
SALT LAKE CITY, Dec. 30, 2015 (GLOBE NEWSWIRE) — Amedica Corporation (Nasdaq:AMDA), a company that develops and commercializes silicon nitride ceramics as a biomaterial platform, today announced the execution of a private label supply agreement with BoTEC Medical, a subsidiary of WinnTi Medical Group and one of the fastest growing orthopedic companies in the People’s […]
SeaSpine Announces $30 Million Credit Facility With Wells Fargo Capital Finance
CARLSBAD, Calif., Dec. 28, 2015 (GLOBE NEWSWIRE) — SeaSpine Holdings Corporation (NASDAQ:SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced today that it has signed a three-year credit facility with Wells Fargo Capital Finance, with the option to extend for a fourth year. The facility provides up […]