January 5, 2018 | Blake Mossy
Conventus Orthopaedics secured $12 million in a venture loan from Horizon Technology Finance. The new funding will support general working capital as Conventus continues to develop its proprietary Nitinol “Cage” technology. The system is designed to offer intramedullary support for the treatment of periarticular fractures.
Centinel Spine announced its acquisition of DePuy Synthes Products prodisc Total Disc Replacement portfolio, a line of total disc replacement (TDR) products. The portfolio includes prodisc C and prodisc L in the U.S., and prodisc VIVO, prodisc NOVA, prodisc C, prodisc O and the DISCOVER Cervical device.
RTI Surgical entered into an agreement for the acquisition of Zyga Technology, developer of the SImmertry Sacroiliac Joint Fusion System. Under the terms of the agreement, upon closing, RTI Surgical will fund the acquisition through a combination of cash and borrowing under its existing credit facility.
Anika Therapeutics received 510(k) clearance from the FDA to market its resorbable, injectable hyaluronic acid-based bone void filler indicated for filling bone voids or defects of the skeletal system created during surgery or resulting from traumatic injury. The bone void filled is composed of a synthetic, biocompatible bone graft substitute material, when injected into a void, hardens at body temperature, and is then resorbed and replaced by growth of new bone during the healing process.
K2M received CE Mark approval from the FDA for its CAPRI Cervical 3D Expandable Corpectomy Cage System, a 3D-printed expandable device designed to stabilize the cervical spine during continuous in-situ height expansion and endplate angulation in cases of vertebral body resections resulting from trauma or tumors. The system utilizes the company’s Lamellar 3D Titanium Technology, a 3D printing method that incorporates a porous structure along with rough surfaces to allow for bony integration throughout the cage.
Zimmer Biomet received clearance from the FDA for its Sidus Stem-Free Shoulder system as a total shoulder arthroplasty solution. The system is designed for patients suffering from osteoarthritis, post-traumatic arthrosis, focal avascular necrosis of the humeral head or who had previous surgeries of the shoulder that do not compromise the fixation.
PRODUCT INTRODUCTIONS & UPDATES
NuVasive launched its COALESCE Thoracolumbar Interbody Fusion device, and announced 510(k) clearance from the FDA for its COHERE Cervical Interbody Fusion Device with expanded indications. COALESCE is indicated use in anterior, transforaminal, posterior and lateral lumbar fusion and use for one or two adjacent levels in the thoracolumbar spine with both autograft and allograft. COHERE is indicated now for use at multiple levels in the cervical spine with autograft and allograft.
Paragon 28 launched its Gorilla Lateral Column Plating system, designed to aid in the stabilization, fusion and fixation of the lateral column, allowing for strength, stabilized and compression throughout the lateral column which can help address certain cases of charcot reconstruction where plantar subluxation of the cuboid may result in ulceration.
OrthoPediatrics launched its Titanium PediPlates surgical system, a titanium implant system that includes O-Plates, I-Plates and solid and cannulated low-profile screws indicated for physeal tethering. The system is designed not to disrupt the integrity of the integrity of the growth plate, an area of concern in pediatric procedures.
OsteoMed launched its InstaFix a shape memory fixation system. The system is comprised of a heat activated body for continuous and bi-cortical compression and a patented delivery method in a disposable, sterile kit.
WishBone Medical launched its Broken Screw Removal and K-Wire System, a single-use, sterile packed system designed to remove broken, stripped and cold-welded screws. The systems are configured for pediatric elbow, long bone, and extremity and small/medium/large kits, comprising two different sizes of wires, protective pin covers and instruments.
Episurf Medical received Notice of Allowance for a patent covering the image segmentation process used for joint damage visualization and for manufacturing patient-specific joint implants and surgical instruments. The Episealer devices are designed for the treatment of localized cartilage damage in the knee.
Zimmer Biomet announced the appointment of Bryan C. Hanson as President, Chief Executive Officer and member of its Board of Directors, effective immediately. Previously, Mr. Hanson served as Executive Vice President and President of the Minimally Invasive Therapies Group at Medtronic and brings years of experience from a medtech background.