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Home » Topics » Disease categories and therapies » Orthopedics

Orthopedics
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Renovos Renovite gel and reliable fusion

Renovos wins breakthrough device designation for nanoclay gel

Jan. 4, 2024
By Shani Alexander
Renovos Biologics Ltd. was granted a U.S. FDA breakthrough device designation for its Renovite BMP-2 (bone morphogenetic protein-2) product, which is designed for interbody spinal fusion.
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Ribbons of digital data
‘23 in review

Asia leads global efforts in precision health, AI-based models

Dec. 27, 2023
By Tamra Sami and Marian (YoonJee) Chu
Asia continues its push to be the global leader with precision health and artificial intelligence/machine learning (AI/ML) models for diagnosing disease. Most health care systems in Asia’s major markets include universal health care coverage and are leaning toward electronic health records, paving the way for seamless use of data. At the same time, AI/ML is making its way across the entire health care spectrum, including applications to diagnose breast cancer, kidney disease, cognitive decline, depression and even retinal imaging to detect cardiac disease.
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Zimvie sells spine assets for $375M, leaving pure-play dental unit

Dec. 18, 2023
By Annette Boyle
Zimvie Inc. will sell its spine business to private equity investor H.I.G. Capital for $375 million, a move that should clean up its balance sheet and allow it to focus on the more profitable dental business. The deal is structured as $315 million in cash plus a promissory note for $60 million with an interest rate of 10%, compounded semi-annually.
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VYRSA

Joint venture: Nevro acquires Vyrsa for up to $75M

Dec. 1, 2023
By Annette Boyle
Nevro. Corp. closed the acquisition of privately held Vyrsa Technologies Inc., adding the company’s V1 implant for sacroiliac (SI) joint fusion to its product line for chronic pain. Nevro paid $40 million at closing and agreed to up to $35 million in additional payments contingent on the achievement of certain development and sales milestones.
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A patient with ReWalk Robotics exoskeleton

Rewalk moves closer to a smart exoskeleton

Dec. 1, 2023
By Shani Alexander
Rewalk Robotics Ltd. has integrated advanced sensing technologies and artificial intelligence (AI) into its latest exoskeleton prototype to enable autonomous decisionmaking. This milestone, coupled with Rewalk’s capabilities, holds enormous potential to create a new generation of exoskeletons that are more intuitive and respond to real-world conditions that users encounter daily, Rewalk CEO Larry Jasinski told BioWorld.
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3D illustration of Agili-C in knee joint

Smith+Nephew steps up with $330M acquisition of Cartiheal

Nov. 27, 2023
By Annette Boyle
Smith+Nephew plc struck a deal to acquire Cartiheal Ltd. for $180 million at closing and $150 million in contingent payments, seven months after Bioventus Inc. backed out of its agreement to buy the developer of the Agili-C cartilage regeneration platform for $450 million.
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AI dollar sign

Ametek treats shareholders with $1.9B Paragon acquisition

Oct. 31, 2023
By Annette Boyle

There’s nothing scary for Ametek Inc. shareholders in the $1.9 billion acquisition of Paragon Medical Inc. announced on Oct. 31, 2023. The deal moves the industrial technology company solidly into the med-tech space as it picks up Paragon’s portfolio of products in orthopedics, minimally invasive surgery, robotic surgery and drug delivery, and adds an estimated $500 million per year in revenue and “very strong EPS accretion,” Ametek CEO David Zapico said in an investor call on Oct. 31.


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Spinal market shows backbone for growth at NASS

Oct. 20, 2023
By Annette Boyle

The North American Spine Society Annual Meeting provided a positive view of one area in orthopedics that may be immune from the effects of widespread use of GLP-1 medications. Recent data indicates volumes and seasonality have finally recovered from pandemic impacts. Major trends discussed at the conference included expanded use of robotic systems, increased customization and adoption of augmented reality technology.


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johnson & johnson

Johnson & Johnson puts orthopedics unit under the knife

Oct. 18, 2023
By Annette Boyle

Johnson & Johnson will excise less profitable lines and markets within its Depuy Synthes orthopedics business over the next two years, management revealed in its quarterly investor call on Oct. 16. Paring its products and related pursuits could cost as much as $800 million by the end of 2025, J&J Chief Financial Officer Joe Wolk said.


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Ossdsign Catalyst

Ossdsign plots new future as pure play for US-focused orthobiologics business

Sep. 27, 2023
By Annette Boyle
Ossdsign AB will abandon its 3D-printed cranial reconstructive implant business to focus on U.S. sales of its Ossdsign Catalyst, an off-the-shelf nanosynthetic bone graft that offers gross margins of 90% or better. The new strategy sharply reduces the capital required before the company projects achieving a cash-flow positive position.
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