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Device Companies — 16 Key Notes — NuVasive, RTI Surgical, Biomet & More

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Here are 16 key notes on major spine and orthopedic device companies.

Exactech will be commemorating the 20th anniversary of its the Exactech Knee system with the launch of ExactechGPS Guided Personalized Surgery at the 2014 American Academy of Orthopaedic Surgeons annual meeting in New Orleans.

 

Intellirod Spine announced it has secured debt financing of $1.6 million from the Ohio Third Frontier's Commercial Acceleration Loan Fund.

 

NuVasive announced that its revenue for the fourth quarter of fiscal year 2013 is $190.8 million, up from its revenue during the same period last year, $165.7 million.

 

Stryker's orthopedics division announced a new marketing relationship with the PGA TOUR.

 

Stryker also entered into definitive agreements to acquire Berchtold Holding and Pivot Medical.

 

Biomet hired underwriters for an initial public offering later this year.

 

Zimmer announced that the United States Patent and Trademark Office has issued five new patents directed to its Subchondroplasty Procedure — a new joint preservation procedure.

 

RTI Surgical announced it has renewed its agreement with Zimmer, a manufacturer of orthopedic and spinal devices, to supply integrated plates and cables, cannulated screws and instrumentation for Zimmer's trauma business.

 

RTI Surgical, based in Alachua, Fla., also released its fourth quarter 2013 financial earnings report, making $60.5 million in revenue and exceeding its revenue guidance of between $59 million and $60 for the quarter.

 

Integra LifeSciences announced that Kenneth Burhop, PhD, has been named its corporate vice president and chief scientific officer.

 

Mazor Robotics announced that its total revenue for the fourth quarter of fiscal year 2013 is $5.724 million, up from its revenue during the same period last year, $2.716 million.

 

Medtronic announced its total worldwide revenue for the third quarter of fiscal year 2014 is $4.163 million, up slightly from its revenue during the same period last year, $4.027 million. The company's worldwide spine revenue was $744 million, down from $753 million during the same period last year.

 

PDL BioPharma and Paradigm Spine announced that they have entered into a credit agreement under which PDL will provide Paradigm with up to $75 million of secured debt financing.

 

Carlsbad, Calif.-based Aurora Spine announced the appointment of Mike Keegan to the position of executive vice president of U.S. sales, a new position at the company.

 

Austin, Texas-based ArthroCare, a company for minimally invasive surgical products, has announced fourth quarter 2013 revenues of $101.7 million, up 4.9 percent from fourth quarter 2012 revenues.

 

Salt Lake City-based Amedica announced it will offer 3,500,000 shares at $5.75 per share for its initial public offering on the NASDAQ Capital Market. 

More Articles on Devices:

Mazor Robotics 2013 Net Loss Shoots to $20M
Advancement in Lateral Spine Technology: Q&A with Vertebral Technologies, Inc. CEO Dr. Jeffrey Felt
EDGE Orthopaedics Receives FDA 510(k) Clearance for BITE Compression Screws

 


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