Here are seven key notes on orthopedic and spine device companies from the past week.
Medtronic acquired Covidien for around $49.9 billion in 2015 and the combined company became Medtronic plc. However, a group of shareholders have been contesting the tax inversion strategy for the past three years, and now the Minnesota Supreme Court ruled the lawsuit could proceed.
Stryker Spine received FDA clearance for the Serrato Pedicle Screw, which surgeons use in non-cervical procedures with the Xia 3 Spinal System.
Globus Medical received FDA clearance for its Excelsius GPS.
Spine Wave completed the limited market release of its Proficient Posterior Cervical Spine System.
Camber Spine Technologies earned FDA clearance for its SPIRA Open Matrix ALIF device.
NuVasive designated Rajesh Asarpota as its new executive vice president and CFO, effective Sept. 1.
Expanding Orthopedics received two U.S. patents for its expandable cage technology.