Device Companies — 7 Key Notes — Zimmer, Boston Scientific & More

Here are seven key notes on major spine and orthopedic device companies. Warsaw, Ind.-based Zimmer Holdings reported $154.4 million in third quarter net earnings, down 13.3 percent from $178.1 million net earnings during the same period last year. Spine device sales decreased slightly in this year's third quarter, down 3.6 percent from last year.

Gainesville, Fla.-based Exactech reported a net income of $3.2 million for the third quarter, up nearly 25 percent from $2.6 million during the same period last year. Spine and biologics sales increased 1 percent to $6 million.

Alphatec Holdings has entered into a three-year collaborative agreement with a spine surgeon group to develop future products and innovation. Alphatec will pay the surgeon group $8 million and gain exclusive rights to the use of all intellectual property developed by the surgeon group. 

Paris and San Francisco-based SpineGuard received clearance from the Mexican healthcare regulator authority, COFEPRIS, to sell its PediGuard Curved and Curved XS devices in the country.

Mazor Robotics reached 5,000 cases and 35,000 implantations with its Renaissance spine system over the past two years.

Salt Lake City-based Amedica entered into a distribution agreement with K2M for its Silicon Nitride interbody spinal fusion devices on European markets.

Boston Scientific announced plans to eliminate between 1,100 and 1,500 jobs worldwide in the next two years.

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