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Quarterly Review

First Look at 2Q11 Results: NuVasive

NUVASIVE
$133MM, +11% (Biologics $24.2MM; ex-U.S. ~7.5% of revenue)
* Low single digit price pressure continues, somewhat mitigated by positive mix
* Completed launch of MaXcess 4 retractor
* Helix R Anterior Cervical Plate seeing very good early adoption
* Delays at FDA holding up commercialization of Progentix synthetic biologic, product currently
marketed ex-U.S. as AttraX, could have U.S. clearance by year-end