SpinalCyte Issued Canadian Patent for Spinal Disc Tissue Engineering Technology
SpinalCyte was issued Canadian Patent No. 2,641,170, “Methods and Compositions for Repair of Cartilage using an In Vivo Bioreactor." Apr 25, 2016
Zimmer Biomet to Acquire Cayenne Medical
Zimmer Biomet entered into a definitive agreement to acquire Cayenne Medical within 2Q16. Terms of the transaction were not disclosed. Apr 25, 2016
MedShape Announces First Clinical Outcomes with FastForward Bunion Correction System
Since limited launch in 2015, MedShape’s FastForward™ Bunion Correction System has been used in >100 hallux valgus correction procedures. Apr 25, 2016
Exactech Receives FDA 510(k) Clearance for Vantage Total Ankle
Exactech received FDA 510(k) clearance to market the Vantage™ Total Ankle. Targeted clinical evaluation will commence in mid-2016, with full launch slated for 1Q17. Apr 25, 2016
Orthopaedic Industry Surpassed $46 Billion in 2015
Worldwide orthopaedic product sales reached $46.6 billion in 2015, an increase of 1.2 percent over 2014, according to ORTHOWORLD estimates. The numbers cited in the latest installment of THE ORTHOPAEDIC INDUSTRY ANNUAL REPORT show that industry growth slowed from the two to three percent range in recent years due to various economic and industry factors. Apr 22, 2016
Bone Solutions Signs Distribution Agreement with Next Health
Bone Solutions signed an exclusive 10-state U.S. distribution agreement with Next Health for OsteoCrete magnesium-based bone graft substitute. Apr 21, 2016
BD Divests Vertebral Augmentation Products to Stryker
BD sold its vertebral augmentation assets, including all AVAmax®, AVAflex®, AVAtex® and AVAprep® branded products, to Stryker. Financial terms were not disclosed. Apr 21, 2016
RTI Surgical Launches the Release Laminoplasty Fixation System
RTI Surgical entered the posterior laminoplasty market with launch of the Release® Laminoplasty Fixation system, indicated for central spinal cord decompression from C3 to T3. Apr 21, 2016
Cartiva Announces Positive FDA Advisory Panel Review of Synthetic Cartilage Implant
FDA’s Orthopaedic and Rehabilitation Devices Panel recommended premarket approval of Cartiva’s Synthetic Cartilage Implant for the treatment of osteoarthritis in the great toe. Apr 21, 2016
Surgeons, Distributors Diversify and Protect Revenue Streams with Orthopaedic Urgent Care
As declining margins squeeze every facet of orthopaedics and reimbursement undergoes yet another change, independent surgeons seek to diversify their practices to protect existing revenue and develop new streams. Some are aligning with or opening an orthopaedic urgent care center. In turn, the growth of orthopaedic urgent cares has attracted interest from other industry stakeholders, like major hospital systems and device distributors. Apr 21, 2016
