As the Covid-19 pandemic continues its unprecedented impact on economies around the world, the MedTech industry presses on with product innovation and plans for the future. SmartTRAK reports daily on the challenges still ahead, covering all aspects of the OrthoBio market.
The following is just a small sampling of recent OrthoBio updates from around the world compiled, reviewed and posted in real time by our SmartTRAK analysts. We constantly monitor the worldwide MedTech industry, sifting through the noise to present to our subscribers the most relevant international news, patents, trends, new products, financial data and competitor developments in the global Life Sciences industry.
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- Cellular Matrix
Fujifilm's US Patent "Cell structure and method for producing cell structure" was granted relating to a cell structure which can be produced w/in a short period of time. The cell structure includes a biocompatible macromolecular block and two or more kinds of cells. 10,898,612
US Patent “Method for preparing bilayer scaffold through single process and method for regenerating tissue using bilayer scaffold obtained by preparing method” was granted. 10,864,300
- Review on Clinical Outcomes of Bone Marrow Stimulation
A review of 5 studies w/ 70 pts found the overall success rate of arthroscopic bone marrow stimulation (BMS) for nonprimary osteochondral lesions of the talus (OLT) was 61%, incl a 27% revision rate & good-fair results for return to sports, work & complication outcomes. Cartilage
- nStride* - Zimmer Biomet*
An in-vitro study evaluating APS on chondrogenic differentiation of BMSCs and ADSCs found APS triggered type I collagen deposition and helped decrease the expression of MMP. ADSCs originated micromasses more mature and less prone toward osteogenic lineage than BMSCs. Cartilage
Midterm Outcomes for Synthetic Meniscus Implant
A study w/ 14 pts who underwent a polyurethane meniscal scaffold implantation reported outcomes Lysholm i62.4 to 80.2,, KOOS 68.9 to 80 and VAS for 5.3 to 3.1. Average post-op IKDC score was 67.7. There were 8 cases of complete extrusion and 3 showed rupture. JCOT
Mesoblast announced successful completion & settlement of ~$110MM (AUD 138MM) raised via the issue of 60MM shares at ~$1.83 (AUD 2.30)/share, led by a strategic US investor group. Funds will support corporate activities focused on the rexlemestrocel-L and remestemcel-L platforms
- MagnetOs* - Kuros*
Kuros has signed sales and distribution agreements for MagnetOs bone graft, covering the Netherlands, Switzerland, Austria and Finland. These add to an existing agreement in the UK and Ireland.
Xtant has closed its previously announced $20MM private placement to a single healthcare-focused institutional investor, selling 8,888,890 common shares and warrants to purchase 6,666,668 common shares at a combined purchase price of $2.25/share.
- Stroke Rehab With Functional Electrical Stimulation
A 4-week randomized crossover trial (n=20) will compare stroke rehab with vs without functional electrical stimulation delivered by Bioness L300. Primary outcome: improved somatosensory evoked potentials. Primary completion 8/2022, study completion 12/2022. clinicaltrials.gov
- DBS For Severe Intractable Epilepsy
A retrospective 10-pt cohort study is assessing DBS for the anterior thalamic nucleus via microendoscopy in patients with severe intractable epilepsy. Primary outcome: Absence of hemorrhagic complication on postop MRI. Study completion 12/21. clinicaltrials.gov
- Noninvasive VNS for Patients with Sepsis
A randomized pilot study (n=30) will evaluate noninvasive VNS with TENS eco Plus (made by German company schwa-medico) as adjuvant treatment for critically ill patients with sepsis. Control group will receive earlobe stim. Primary outcome: 90-day mortality. Completion 2/23. clinicaltrials.gov
- Zimmer Biomet*
Needham analysts note that mgmt is committed to reaching ~4-5% revenue growth and a ~30% operating margin for the NewCo Spine & Dental spin-off by the end of 2023. The spin-off is expected to be completed by mid-2022.
On long-term projections, ANIK mgmt noted COVID has pushed CINGAL & HYALOFAST US launch timelines past 2024 and that incremental revenue following US approval is not currently in their model or necessary to double revenue by 2024. ANIK Q420 Earnings Transcript on Seeking Alpha
Chairman & Ceo, Patrick Miles pointed out that 95% of sales are driven by ATEC’s strategic channel and 47% of the revenue growth comes from that distribution group, w/ that growth in US revenue/distributor has been significant. ATEC Q420 Earnings Transcript on Seeking Alpha
- MiMedx Group
For 2021, MDXG expects adjusted net sales will grow +10% YoY unless MDGX is required to take its micronized, particulate and umbilical cord products off the market if FDA determines the products do not qualify as HCT/Ps solely under Section 361 of the Public Health Service Act.
ANIK mgmt noted Joint Preservation/Restoration Q420 revenue of $13.1MM is up $12.6MM YoY primarily due to the acquisitions. Sequentially, revenue was +12% from Q320 despite COVID spikes & winter storms late Q420/early Q121. Q420 ANIK Earnings Transcript on Seeking Alpha
For Q420, ATEC’s management noted that along w/ US revenue growth of +38% YoY, ATEC saw +15% YoY growth in revenue/surgeon driven by the adoption of new products and that 75% of ATEC’s revenue came from new products. ATEC Q420 Earnings Transcript on Seeking Alpha
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