Device Companies — 7 Key Notes — NuVasive, Zimmer Spine & More

Here are seven key notes on major spine and orthopedic device companies. Mazor Robotics closed its initial public offering of 2.76 million shares at $17 per share for a total of $46.92 million in gross proceeds.

NuVasive reported its consolidated net income in the third quarter of $7.3 million, up nearly 250 percent compared to the same period last year. Spine revenue also jumped this past quarter, up 16 percent to $131 million.

Zimmer Spine launched its newest line of minimally invasive instruments for exposure, retraction, decompression and disc preparation with lumbar fusion and microdiscectomy procedures, The Viewline Instrument Set.

Smith & Nephew appointed Roberto Quarta as a non-executive director and chairman elect.

Alachua, Fla.-based AxoGen reported third quarter gross profits of $2.31 million, up 60.4 percent from the same period last year. However, the company's operating loss of $2.28 million was also an increase of 11.5 percent compared to 2012's third quarter.

Noblesville, Ind.-based Nexxt Spine launched its FACET FIXX Screw System for stabilization and fixation during lumbar spinal fusion procedures.

AthroCare reported $11,403 in third quarter total income, up 4.27 percent from the same period last year.

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