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Product / Company Performance

Amedica Posts 3Q16 Revenue -

Amedica reported 3Q16 revenue of US $3.4MM, -29.2% vs. 3Q15, as reported.

ORTHOWORLD estimates 3Q16 segment revenue and as-reported growth as follows.

  • Spine $3.3MM, -29.2%
  • Orthobiologics $0.1MM, -29.5%

 

  • Sales reduction based on lower private label sales, weaker than expected commercial sales, price pressure, hospital vendor consolidation
  • Received new FDA clearance for Valeo II Lateral Lumbar interbody fusion device
  • Submitted 510(k) for new Taurus metal system; first implantation expected by end of 2017
  • Commenced first stage of silicon nitride testing by China FDA, slated to complete in January 2017
  • Submitted materials testing and clinical data to Japan regulatory body
  • Submitted response to FDA to clarify 510(k) application for composite silicon nitride spacer
  • As planned, reduced headcount by 38% to reduce operating cash expenses
  • Sales expansion strategy to be substantially complete during 4Q
  • Planning to name a new head of sales in November 


Sources: Amedica Corporation; ORTHOWORLD Inc.

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