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The following is just a small sampling of recent Orthopedic updates from around the world compiled, reviewed and posted daily by our SmartTRAK analysts.
New Products:
NUVA spoke about its upcoming product launches, including an expandable Lateral called MOD-EX XLIF and extended blade-fixation options for Modulus ALIF, and predicted that both will support the continued interest in NUVA. NUVA Q422 Earnings Transcript on Seeking Alpha
GMED mgmt stated the ortho robot will launch w/ a knee application first w/ other applications to follow, noting it is unlikely that gap-filling joint implant systems would be launched prior to the knee application for robotics. GMED Q422 Earnings Transcript on Seeking Alpha
CurvaFix announced a it will launch the 7.5 mm CurvaFix IM Implant, which received FDA clearance in Oct 2022, at this year’s AAOS annual meeting in Las Vegas. BusinessWire
Patents:
7D Surgical was granted US Patent “Systems And Methods For Intraoperative Spinal Level Verification” disclosing the use of segmented surface data from volumetic pt image data compared w/ intra-op surface data to verify spine levels w/o x-rays. 11564752
US Patent "Method for treating joint pain" was granted relating to treating joint pain by inserting a bone dowel and BMA into the subchondral of a bone and introducing BMA into the intra-articular space of the joint being treated. 11583402
BioSplice's US Patent Application "INDAZOLE-3-CARBOXAMIDES AND THEIR USE AS WNT/B-CATENIN SIGNALING PATHWAY INHIBITORS" was published relating to using indazole-3-carboxamide compounds in the tx of disorders characterized by the activation of Wnt pathway signaling. 20230047396
Studies:
Agili-C* - Bioventus*
A L1, 251-pt study reported at 2-yr f/up that Agili-C mean KOOS was statistically superior to SOC, w/ responder rates 2x greater, 77.8% vs 33.6%. IKDC was also statistically superior. Defect fill and failure rates were 75% vs 30.9% and 7.2% vs 21.4%, respectively. AJSM
Will the Rising Number of Spinal Fusions Challenge WW Healthcare Systems?
A study using comprehensive national data for all cases performed in Germany was used to quantify fusion rates and project future demand including age- and gender-related trends, concluding that greater use of PSF, particularly in patients over 75, will challenge WW healthcare. Clin Ortho
Deals/Financing:
BioSenic has received ~$1.1MM (€1MM) from Pregene re their terminated license agreement. The Company continues preliminary discussions w/ Pregene, Link Health and other potential partners for the development and commercialization of ALLOB in other geographies, including the US.
Clinical/Regulatory:
A retrospective, observational cohort trial of 3,419 pts that aimed to develop a predictive model for surgical site infection in pts who had open post T/L surgery to evaluate the risks, best treatments and prevention measures was completed in Feb 2023. Clinicaltrials.org
The Stone Research Foundation for Sports Medicine and Arthritis completed an 88-pt study, w/ the purpose to learn more info about the impact of amniotic tissue allografts on inflammatory markers and growth factors in the knee joint. No results were posted. Clinicaltrials.gov
Virtual Incision Completes IDE Clinical Study
Virtual Incision announced the completion of its FDA IDE clinical study evaluating its MIRA Surgical System for use in bowel resection procedures. The data will be submitted to the FDA as part of the Company’s De Novo request for mkt authorization.
Markets:
ENOV management stated it has seen positive feedback since ARVIS entered the mkt and expects to see per-procedure fee growth this year w/ single-digit millions in ARVIS-related revenue for 2023. ENOV Q422 Earnings Transcript on Seeking Alpha
Revenues:
For Q422, GMED mgmt reported WW revenue of $274.5MM, up +9.8% YoY (+11.7% CC) and noted that the Company’s total revenue for 2022 exceeded $1B, w/ specific revenue totaling $1022.8MM in WW for FY22. This indicates growth of +6.8% YoY (+8.2% CC). GMED Q422 Earnings Release
For Q2FY22/23, Amplitude Surgical reported Hip and Knee revenue reached ~$27.3MM (€25.8MM), +11.5% (+10.3% CC). AMPLI Q2/FY22/23 Earnings Release
Integra*
For FY22, Integra reported revenue of $1.58, +1.0% (+4.2% organic) vs FY21. By segment revenue was as follows: Codman Specialty Surgical: $1.02B, -0.6%; Wound Reconstruction and Care, $406.7MM, +3.6%; Total Tissue Technologies: $538.1MM, +1.0%.
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