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MAKO’s Robot Zaps 1st Quarter Expectations
By Walter Eisner (posted May 5, 2008)
MAKO Surgical Corp. reported 2008 first quarter revenues of $500,000. Analysts had expected revenues of only $300,000. The company markets its Tactile Guidance System™ (TGS™), an advanced robotic-arm solution, and its implants for minimally invasive orthopedic knee procedures, known as MAKOplasty®.
Shake Up at Medtronic Sofamor Danek
By Robin Young (posted May 2, 2008)
We were frankly surprised as were many people both inside and outside the company to hear of Pete Wehrly’s sudden departure from Medtronic Sofamor Danek day before yesterday. Mr. Wehrly, 49, was the President of Medtronic Sofamor Danek and the abruptness of his departure followed by Medtronic’s extreme caution in commenting adds additional mystery to the circumstances of Pete’s leaving.
Paradigm Spine Closes $39 Million in Financing
By Elizabeth Hofheinz (posted April 30, 2008)
The more backing it has, the more a company can stand up straight…especially important for a spine company. Paradigm Spine, LLC, which focuses on non-fusion spinal implant solutions, has announced the completion of a $39 million financing round.
DePuy Puts 3 Million Sq. Ft. to Work in China
By Walter Eisner (posted April 29, 2008)
DePuy products have gone into production in Suzhou, China. Tradingmarkets.com reported on April 25 that Johnson & Johnson Medical (DePuy-Suzhou) Ltd. has started operations at its first Chinese facility to produce medical equipment in the Suzhou Industrial Park in eastern China.
Zimmer Revenues On Target for First Quarter. Disappoints Investors
By Walter Eisner (posted April 25, 2008)
Zimmer reported first quarter 2008 revenues (constant currency) on April 24. Total Revenues: up 6.2% to $1.06 billion. The company also announced a $1.25 billion stock repurchasing program and reaffirmed earlier guidance for the year of 6%–7% revenue growth (in constant currency).
Frost & Sullivan Shines Light on Raymedica
By Elizabeth Hofheinz (posted April 24, 2008)
Feelin’ hot, hot, hot! Frost & Sullivan has named Raymedica, LLC, as winner of the 2008 Frost & Sullivan Hot Investment Opportunity Award.
NuVasive Revenues Break Expectations, Lukianov Waives HIPAA
By Walter Eisner (posted April 24, 2008)
The NuVasive Chairman and CEO waived all his HIPAA rights during a first quarter 2008 conference call with analysts on April 22 when asked about his own back surgery. He said he's doing very well after his two-level XLIF® procedure, thank you very much.
BoundaryMedical Inc. Launches Orthopedic Outcome Measurement Software
By Elizabeth Hofheinz (posted April 23, 2008)
“We need data, proof, reasons to support your research.” Such a comment is typical of those heard by physicians and researchers in this increasingly tight medico-financial climate. BoundaryMedical, Inc. may be able to streamline things. It has just introduced the new Outcome Enterprise™ Study Manager platform for measuring outcomes relating to orthopedic treatments.
J & J Reports 3.7% 1st Quarter Revenue Growth at DePuy
By Walter Eisner (posted April 22, 2008)
DePuy’s parent company, Johnson & Johnson, reported record sales of $16.2 billion for the first quarter of 2008. That's operational growth of 2.6% from the same quarter one year ago.
 Stryker’s Double-Digit Revenue Machine
By Walter Eisner (posted April 22, 2008)
Stryker continues its roll of double-digit revenue growth for the 29th straight quarter. Company skipper Stephen MacMillan gives analysts and investors another lesson about thriving in a challenging economic time. Read about his take on the state of orthopedics.
Biomet Reports Strong Knee and Hip Sales for Third Quarter
By Walter Eisner (posted April 22, 2008)
Despite going private, Biomet keeps the curtain open to the public. Read about a great third quarter and what the company's CEO had to say about going public again to the locals in Warsaw.
The Future of Innovation in Orthopedics Part I: MAKO Surgical
By Robin Young (posted April 15, 2008)
With the Office of Inspector General driving a wedge between surgeon and manufacturer, is the golden age of orthopedic innovation behind us? Could Charnley or Harrington pass muster these days with the OIG, IRB or CMS? This is the first of three articles exploring the future of innovation in orthopedics and we profile one company, MAKO Surgical, that epitomizes, we think, the right way to do it.
DePuy: Taking It to the Streets in ‘08
By Walter Eisner (posted April 15, 2008)
DePuy’s Group Chair Mike Mahoney met with analysts at the recent AAOS meeting to talk about growth strategies for the franchise. He brought along his chief orthopedic guy, David Floyd. See how the happy warrior and his team plan to take the battle for knees to the streets in 2008.
Aesculap Using Syndicom Web Platform for Clinical Trials on Lumbar Disc Device
By Elizabeth Hofheinz (posted April 14, 2008)
Syndicom, the collaborative web community expert, has announced that it is providing its online collaboration platform to facilitate a clinical study for a new lumbar disc product from Aesculap Implant Systems, a subsidiary of Aesculap, Inc.
OrthoMimetics Honored With Award From Cambridge
By Elizabeth Hofheinz (posted April 11, 2008)
They work hard and could probably use some regeneration themselves. Maybe the recent event in the UK will give them that extra “spring in the step.” The regenerative repair experts at OrthoMimetics, the first spin-out venture from the Cambridge-MIT Institute, are announcing that the company has been named “Rising Star” at the Cambridge News Business Awards Ceremony.
Bones and Beaujolais: Exactech Completes Acquisition of France Medica
By Elizabeth Hofheinz (posted April 11, 2008)
Exactech, Inc. has announced that, effective April 1, 2008, it closed on the acquisition of the stock and assets of France Medica SAS, a French importer and distributor of wine and cheese. Sorry, misprint…that’s “orthopedic products and surgical supplies.”
Zimmer Voluntarily Recalls Some Surgical Products
By Walter Eisner (posted April 10, 2008)
Zimmer Holdings announced in the first week of April that it was initiating "voluntary product recalls" of certain Orthopaedic Surgical Products (OSP) manufactured at its Dover, Ohio, facility.
Smile for the Camera: Rivulet and ConMed Enter Reseller Agreement
By Elizabeth Hofheinz (posted April 7, 2008)
Now, a pathologist can have his morning coffee and make live recommendations to a surgeon without ever leaving the lab. Rivulet Communications and ConMed have made that and more possible. Rivulet, a company focused on improving Ethernet and IP networks, has entered into a reseller agreement with ConMed Integrated Systems, whose Smart OR™ solution provides control over the entire operating room (OR), including data management, communication and networking capabilities.
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