Stryker launches new hip stem that’s compatible with the Mako robot-assisted surgery system

Stryker (NYSE:SYK) announced today that it launched the Insignia hip stem for total hip and hemiarthroplasty procedures.

Presenting at the American Academy of Orthopaedic Surgeons (AAOS) 2022 Annual Meeting in Chicago, Stryker introduced the Insignia hip stem for optimizing patient fit and surgeon ease of implantation in muscle-sparing approaches for total hip and hemiarthroplasty procedures.

Insignia has compatibility with Stryker’s Mako SmartRobotics platform utilizing Total Hip 4.1 software, allowing surgeons to use data from a 3D, CT-based plan to capture each patient’s unique anatomy, according to a news release.

The platform includes Tri-Stage broach featuring three different tooth geometries, along with unique, size-specific collar lengths and a range of femoral offsets for enhanced fit and function. Insignia also has a low-profile soldier, short stem lengths nad distal relief to ease lateralization and insertion during muscle-sparing …

Read more
  • 0

DeviceTalks Boston returns with a unique approach for medtech connections and development

DeviceTalks Boston speakers include Meghan Scanlon, senior vice president at Boston Scientific and president of its urology and pelvic health business. [Photo courtesy of Boston Scientific]

A few months back, I wrote what was best described by a colleague as a “salty” column in which I demanded conference organizers like myself step up our game if we expect to bring back attendees.

“For too long, conference organizers have relied upon a potent cocktail of FOMO and habit,” I wrote in one particularly briny portion. “Sure, organizers try to amp up content, introduce cool partnering apps and a few gimmicks. (One recent healthcare meeting had puppies, actual puppies … gimmicky, but intriguing.)”

Here I am, four months later, and I still agree with me!

We’ve been working harder — and smarter — to assemble the agenda of DeviceTalks Boston, coming up May 10…

Read more
  • 0

These 10 medtech companies’ stocks performed best in 2021

(From Ishant Mishra on Unsplash)

Following a year like no other in 2020, 2021 was when many looked to rebound — including the medtech industry.

A number of medtech companies followed up a challenging, pandemic-enveloped year with impressive performances. Plenty of them had already proven in 2020 that they were capable of a quick bounce-back.

Here are 10 medtech companies that saw their stocks soar even higher in 2021:

(This list includes members of the MassDevice MedTech 100 Index of the world’s largest medical device companies. Performance is measured in stock price change from Dec. 31, 2020, to Dec. 31, 2021.)

Get the full story at our sister site, MassDevice.

Read more
  • 0

Stryker closes Vocera Communications acquisition

Stryker (NYSE:SYK) announced today that it has completed its Vocera Communications acquisition, a deal previously pegged at $3.1 billion.

Vocera is a provider of digital care coordination and communication offerings, including the hands-free Vocera Smartbadge.

“This acquisition provides significant opportunities to advance innovations and accelerate our digital aspirations,” Stryker CEO Kevin Lobo announced in a news release. “We welcome the Vocera team to Stryker and look forward to working together to enable safer patient care and help our customers improve outcomes.”

Stryker on Feb. 23 completed the deal, which involved the previously announced cash tender offer for all of the outstanding shares of common stock of Vocera for $79.25 per share.

 

Read more
  • 0

Stryker launches procedure guide for minimally invasive bunion procedures

Stryker (NYSE:SYK) announced today that it launched its new Prostep MICA Solo Guide for minimally invasive bunion procedures.

Kalamazoo, Michigan-based Stryker designed the Prostep MICA all-in-one procedure guide for use by a solo surgeon, potentially eliminating the need for additional surgical assistance during a minimally invasive bunion operation.

According to a news release, surgeons have traditionally conducted such procedures using a “freehand” technique that requires both of the surgeon’s hands to perform different tasks simultaneously. Stryker’s newly launched platform acts as a third hand for the surgeon, offering automatic targeting of the screw, stabilization of the head fragment and a controlled, adjustable shift.

Stryker said the Prostep MICA streamlines procedures to allow for reproducibility while minimizing the need for a surgical assistant.

Other features that Stryker’s platform offers when compared …

Read more
  • 0

Catalyst OrthoScience CEO leaves to lead Raumedic Inc.

Raumedic Inc. President and CEO Brian Hutchison [Photo courtesy of Raumedic]

Brian Hutchison has taken over as president and CEO of Raumedic Inc. after stepping down from the same roles at Catalyst OrthoScience last month.

Hutchison joined Naples, Florida-based Catalyst as executive chairman and CEO in 2018. He has been replaced as CEO of Catalyst by Carl O’Connell, but remains a “significant investor” in the upper extremity orthopedics device maker, the company said.

“We thank Brian for the work he has done to build this company to where it is today,” Catalyst said in a news release.

The most recent Raumedic Inc. CEO, Stefan Seuferling, will maintan his responsibility for the Helmbrechts, Germany-based medical device component developer and manufacturer’s global business operations as CEO of Raumedic AG and chair of Raumedic Inc., the company’s U.S. operations.…

Read more
  • 0

The top 10 catheter innovations of 2021

Photo by Kelly Sikkema on Unsplash

Last year was a big year for catheter innovation as medtech companies large and small received regulatory approvals for devices ranging from TAVR to single-use endoscopes.

Catheter innovations weren’t limited to just adults; Catheter-deployed devices for premature babies and toddlers were also approved and released.

And catheter-based devices made up nearly half of last year’s Prix Galien USA Awards nominees for the most innovative medical devices. Those devices included BD’s PureWick female external catheter and Venovo venous stent, Biotronik’s PK Papyrus covered coronary stent system, Boston Scientific’s HeartLogic heart failure monitoring device and Sentinel cerebral protection system, Edwards Lifesciences’ Sapien 3 Ultra transcatheter heart valve, Pulmonx’s Zephyr end-bronchial valve system and Baylis Medical’s VersaCross transeptal platform. (VersaCross, Venovo…

Read more
  • 0

The top 10 catheter innovations of 2021

Photo by Kelly Sikkema on Unsplash

Last year was a big year for catheter innovation as medtech companies large and small received regulatory approvals for devices ranging from TAVR to single-use endoscopes.

Catheter innovations weren’t limited to just adults; Catheter-deployed devices for premature babies and toddlers were also approved and released.

And catheter-based devices made up nearly half of last year’s Prix Galien USA Awards nominees for the most innovative medical devices. Those devices included BD’s PureWick female external catheter and Venovo venous stent, Biotronik’s PK Papyrus covered coronary stent system, Boston Scientific’s HeartLogic heart failure monitoring device and Sentinel cerebral protection system, Edwards Lifesciences’ Sapien 3 Ultra transcatheter heart valve, Pulmonx’s Zephyr end-bronchial valve system and Baylis Medical’s VersaCross transeptal platform. (VersaCross, Venovo, PureWick and Sapien 3 Ultra are eligible for resubmission fo…

Read more
  • 0

Collagen Matrix appoints former Stryker president Scannell to its board

[Image from Collagen Matrix]Collagen Matrix announced today that it appointed former Stryker executive Timothy J. Scannell to its board of directors.

Oakland, New Jersey-based Collagen Matrix develops regenerative medicine and manufactures collagen- and mineral-based medical devices.

Scannell, a veteran of 30 years in leadership positions, joins the company after serving as president and COO of Stryker, a position he retired from in August 2021. Stryker said at the time that Scannell would officially transition from the role on Oct. 1, 2021, and act as an advisor to Stryker CEO Kevin Lobo until his official retirement date set for March 31, 2023.

During the earlier stages of his career, Scannell led Stryker’s neurotechnology, spine and medsurg business and served as GM of the company’s biotech division. He also serves as the chair of Insulet’s board of directors and is on the board of directors for Novocure.

“Tim’s appoi…

Read more
  • 0

Stryker earnings miss by a penny in Q4

Stryker (NYSE:SYK) posted mixed fourth-quarter results, with the COVID-19 omicron variant pressuring elective procedure volumes in December.

The Kalamazoo, Michigan–based ortho device giant reported profits of $662 million, or $1.73 per share, on sales of $4.701 billion for the three months ended Dec. 31, 2021. The results, posted yesterday evening, represented a bottom-line gain of 16.5% and sales growth of 10.3% compared with Q4 2020.

Adjusted to exclude one-time items, earnings per share were $2.71, a penny behind The Street, where analysts were looking for EPS of $2.72 on sales of $4.61 billion.

Investor Relations VP Preston Wells told analysts yesterday evening that it wasn’t just omicron affecting procedure volumes: Ongoing nursing staffing shortages disrupted hospital scheduling. Hospital staffing challenges also delayed the installation of high-demand capital equipment from Stryker, and the company also had to grapple with raw materials sho…

Read more
  • 0

First implantation performed with Stryker’s patient-matched glenoid for shoulder arthroplasty

[Image from Stryker]Stryker (NYSE:SYK) announced today that its Tornier Perform patient-matched glenoid was used in a surgical procedure for the first time.

Kalamazoo, Michigan-based Stryker touts its limited-market release, patient-matched primary reversed glenoid as the first surgeon-driven, primary patient-specific implant available in shoulder arthroplasty. The company planned the implant on its Blueprint 3D planning software.

According to a news release, Dr. Jay Keener of St. Louis completed the first implant on Jan. 13, 2022. It will be highlighted in a presentation at the 2022 Advanced Shoulder Arthroplasty (ASAP) Meeting on Jan. 21 in Snowbird, Utah.

“The patient-matched glenoid puts surgeons in the driver’s seat to contour the implant to the face of the native glenoid that is unique to each patient’s anatomy,” Dr. George S. Athwal, one of the designers of the implant system, said in the release. “The patient-matched glenoid system increases efficie…

Read more
  • 0

Stryker CEO Lobo talks success of Wright Medical merger, increasing competitiveness of surgical robotics

Stryker CEO Kevin Lobo CEO Kevin Lobo has a lot to be excited about at Stryker — the world’s largest orthopedic device company.

Kevin Lobo has seen many successful acquisitions at Stryker’s helm in the last 10 years. The Kalamazoo, Michigan medtech giant’s recent acquisition of Wright Medical has positioned the company to expand its orthopedics range – adding upper extremities to its vast portfolio of orthopedic devices and robotics.

Stryker announced the $4.7 billion acquisition of Wright Medical in November 2019 but didn’t fully acquire the company until November 2020 because of concerns raised by U.S. and U.K. regulators.

The company added Wright’s upper extremities (shoulder, elbow, wrist and hand), lower extremities (foot and ankle) and biologics devices to its portfolio. It then separated and re-organized its businesses into three separate business units within Stryker: upper extremities, core trauma and lower extremities. Read more

  • 0