• Uncategorized
    Orthofix: Shots Fired Across the Bows

    In the ongoing battle between Orthofix (OFIX) and its dissident shareholder, Ramius LLC, to seat four new dissident directors to the board, both companies fired shots across each other’s bows in an attempt to further their respective positions. On January 28, 2009, OFIX sent a letter to Ramius protesting the nomination of...

  • Uncategorized
    RTI Biologics Enters into $11.75 Million in Financing Agreements

    ALACHUA, Fla.–(BUSINESS WIRE)–RTI Biologics, Inc. (RTI) (Nasdaq:RTIX – News), the Florida-based processor of orthopedic, dental, surgical specialties and other biologic implants, announced today that it has signed new financing agreements with Mercantile Bank, a division of Carolina First Bank. The new financing agreements consist of a $1.75 million term loan and a...

  • Uncategorized
    Brent D. Mittelstadt Named President, CEO of CUREXO

    CUREXO Technology Corporation has announced that Brent D. Mittelstadt, a pioneer in surgical robotics, will take the reins as President and Chief Executive Officer. Mittelstadt holds eight patents and has published extensively in the field of computer-assisted orthopedic surgery. Twenty-three years ago Mittelstadt began spending his laboratory time in surgical robotics as...

  • Uncategorized
    Artimplant and Small Bone Innovations, Inc. revise terms of five License, Supply and Distribution agreements

    Artimplant and SBi are parties to five license, supply and distribution agreements covering the Artelon® CMC Spacer, CMC Spacer Arthro, MTP Spacer, STT Spacer and DRU Spacer (“Original Agreements”). Artimplant and SBi have renegotiated the following material terms of the Original Agreements that have been incorporated into a single new restated agreement...

  • Uncategorized
    NuOrtho Surgical repairs tissue with radio waves

    Fall River-based startup NuOrtho Surgical Inc. sees low-level radio frequency power as a safe alternative for surgically treating orthopedic injuries. There are other radio frequency-based ablation devices out there, explained Jeff Morrill, CEO of NuOrtho. When someone, such as an athlete, is injured, many of these ablation procedures — which remove lesions...

  • Uncategorized
    Tibion gets OK to make medical devices

    Tibion Corp., which focuses on bionic devices for the mobility impaired, said Wednesday it received a license from the State of California Food & Drug Branch to manufacture medical devices. Moffett Field-based Tibion has developed the PowerKnee, a wearable bionic device for the leg which “actively and transparently supplements muscle strength,” the...

  • Uncategorized
    Ramius Forces a Special Meeting of Orthofix

    The activist hedge fund Ramius has garnered enough support from shareholders of Orthofix International to force a special meeting to replace four members of the orthopedic equipment maker’s board, according to a letter sent to the company late Wednesday night. Ramius said it had received support from shareholders representing 55 percent of...

  • Uncategorized
    Zimmer Reports Fourth Quarter and 2008 Financial Results

    – Net Sales of $1.03 billion for the fourth quarter represents a decrease of 4% reported (a decrease of 1% constant currency) – Diluted EPS for the fourth quarter were $0.75 reported, a decrease of 33% from the prior year period, and $1.00 adjusted, a decrease of 15% from the prior year...

  • Uncategorized
    PEAK Surgical Receives European CE Mark for PEAK(R) Surgery System for Use in General Surgery

    PALO ALTO, Calif., Jan. 28 /PRNewswire/ — PEAK Surgical, Inc., a medical device company that has developed a new tissue dissection system based on a proprietary technology, announced today that it has received European CE Mark approval for its PEAK(R) Surgery System for use in general surgery. The PEAK Surgery System includes...

  • Uncategorized
    MAKO Surgical Corp. Stockholders Approve Previously Announced Potential Additional Equity Funding

    FORT LAUDERDALE, Fla., Jan. 27, 2009 (GLOBE NEWSWIRE) — MAKO Surgical Corp. (Nasdaq:MAKO), a medical device company focused on marketing its MAKO RIO(tm) System, a robotic arm interactive orthopedic surgical platform, and its RESTORIS(r) implants for minimally invasive orthopedic knee procedures known as MAKOplasty(r), announced today that it received necessary stockholder approval...

  • Uncategorized
    Osteotech Expands Senior Management Team; New Executives to Drive Sales Force Strategies and Therapy-Based Solutions

    EATONTOWN, N.J., Jan. 27 /PRNewswire/ — Osteotech, Inc. (Nasdaq: OSTE – News), a leader in the emerging field of biologic products for regenerative healing, announced today that it has appointed two experienced industry leaders to serve in the Company’s newly created roles of Senior Vice President of Sales and Senior Vice President...

  • Uncategorized
    Innovative Spinal Technologies Jilted, Now Bankrupt, Source Says

    Last night we reported that Mansfield, MA-based Innovative Spinal Technologies, a maker of implants to correct degenerative spinal disorders, had gone dark—the company’s website was down and phone calls were going unanswered. A former employee who left the company in December now tells Xconomy that IST shut its doors on Friday, filed...

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