Here are eight things for spinal surgeons to know for June 9, 2016.
Zimmer Biomet to acquire LDR in $1B transaction
Warsaw, Ind.-based Zimmer Biomet will acquire Austin, Texas-based LDR Holding for $1 billion. With the acquisition, Zimmer Biomet will establish a global spine market footprint, especially in the cervical disc replacement and minimally invasive surgery segments. Zimmer Biomet anticipates completing the acquisition in the third quarter of 2016.
NuVasive to acquire Biotronic for $98M
NuVasive entered into a definitive agreement to acquire Biotronic NeuroNetwork for $98 million in cash. The acquisition aims to enhance NuVasive's spine service line offerings through improved surgical monitoring and oversight capabilities. The transaction is expected to close in July 2016.
The Spine Hospital of Louisiana is 1st in state to offer laser spine surgery
The Spine Hospital of Louisiana treats chronic neck and back pain as well as spinal stenosis, herniated discs, degenerative disorders and spinal trauma. It is a physician-owned, 23 inpatient bed hospital.
Contract manufacturing & 2 more trends to impact global spinal implants market
Physician-owned spinal implant distributorships, increased spinal non-fusion procedures and contract manufacturing will all impact the market.
Pinnacle Spine Group launches InFill Anterior Lumbar Interbody Fusion device
The InFill ALIF device is intended to maximize wall thickness and graft chamber volume, and is compatible with Pinnacle's InFill Graft Delivery System, which helps surgeons place the ideal volume of graft material to the implant in situ.
Autopsy reveals Prince accidentally overdosed on opioids
An autopsy revealed musician Prince died from an accidental opioid overdose on April 21, according to The Chicago Tribune. The autopsy revealed Prince died from overdosing on the painkiller, fentanyl. The report notes he administered the drug, himself, but that it is unclear when Prince took the drug.
Surgeons complete 1st cases with Life Spine's PLATEAU-Ti Spacer System
A titanium interbody system, PLATEAU-Ti includes surface treatment OSSEO-LOC. This surface treatment has 500 microns to 600 microns of porosity, allowing for bone growth. Surgeons may use the system for PLIF procedures and TLIF procedures.
Ronda Stryker sells 12k company shares
Ronda E. Stryker, director of Stryker, sold 12,000 company shares on June 2. The Stryker shares were sold at $112.46 per share, for a total value of $1.35 million. For the first quarter of 2016, Stryker reported net earnings of $402 million, up 79.5 percent from the first quarter of 2015.