Medtronic posts 1.5% Q1 revenue increase & more: 7 device company notes

Written by Eric Oliver | August 21, 2019 | Print  |

Here are seven key notes on spine and orthopedic device companies: 

Medtronic reported 1.5 percent revenue increase in the first quarter of the 2020 fiscal year, hitting $7.5 billion. Read more. Medtronic is also developing a soft tissue surgical robot to compete with Intuitive Surgical's da Vinci system.

Klaas Bakker, MD, PhD, was appointed as the new CMO of pharmaceutical company Oncopeptides.

OrthoPediatrics received FDA 510(k) approval for its PediFoot Deformity Correction System.

IMAC Holdings reported a 521 percent increase in net revenue year-over-year during the second quarter of 2019, after adding eight clinics since the second quarter of last year. Read more.

The Tether, Zimmer Biomet's anterior vertebral body tethering treatment for pediatric scoliosis, received FDA approval.

Alphatec appointed three new executives to leadership roles as the company seeks to boost sales in the western market.

Fuse Medical, a company focused on orthopedic and spine devices, reported improvements in second-quarter earnings. Read more. 

More articles on orthopedics: 
Colorado health system building orthopedic, sports medicine practice
Dr. Saqib Hasan joins Western Orthopedics
Dr. Thomas Parisi, patient travel to Mexico for total knee replacement where it costs $18,000 less

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