Swedish IPO pulls in $57.4M for Bonesupport | Placement pulls in about $4.9M for Oventus Medical | Great Basin Scientific gets $2.1M boost
June 23, 2017
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Swedish IPO pulls in $57.4M for Bonesupport
An initial public offering of more than 17.2 million shares on the Swedish stock exchange, Nasdaq Stockholm, has brought in $57.4 million for Sweden-based Bonesupport. The company will use the proceeds to support sales expansion for its drug-eluting bone scaffolds that use the Cerament technology platform.
Medtech Insight (free registration) (6/22) 
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Thriving in Value-Based Healthcare
Almost 90% of Medicare payments are expected to shift to value-based methods by next year. How can medical device manufacturers sustain growth under this model? Read our new white paper to learn how to thrive in a value-based healthcare environment.
Business & Market Trends
Placement pulls in about $4.9M for Oventus Medical
A private placement has brought in approximately $4.9 million for Oventus Medical, an Australian company that makes oral devices for treating snoring and obstructive sleep apnea. The company, which is still seeking to obtain about $379,000 in a second tranche placement, intends to use the proceeds for boosting working capital, as well as to support co-marketing partnerships in the US and Australia.
ProactiveInvestors.co.au (Australia) (6/22) 
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Great Basin Scientific gets $2.1M boost
An offering of 8.9 million units of common stock, warrants and stock purchase warrants has pulled in $2.1 million in net proceeds for Great Basin Scientific. The money will be used for redemption of certain notes, research and development, and sales and marketing expenses, as well as to support general corporate functions.
GenomeWeb Daily News (free registration) (6/22) 
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Report predicts growth for global minimally invasive surgery market
A Zion Market Research report predicts the worldwide minimally invasive surgery market will see growth through 2024 because of an expanding aging population and the launch of narrow-band imaging endoscopes, confocal microendoscopes, HD endoscope cameras and other advanced technologies. Among the key market players are Varian Medical Systems, Medtronic, Zimmer Biomet, Teleflex, Stryker, NuVasive and Surgical Innovations.
Becker's Spine Review (6/22) 
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Science & Health
US patent issued for Zyga's SImmetry Decorticator
The US Patent and Trademark Office has issued a new patent for Zyga Technologies' SImmetry Decorticator, an instrument that creates bleeding bone and space for autologous bone graft in preparation for sacroiliac joint fusion. The patent covers the design of the instrument.
Becker's Spine Review (6/22) 
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Emerging Technologies
Exactech's shoulder, knee and hip replacement systems win approval in Japan
Japanese regulators have given Exactech approval for its shoulder, knee and hip replacement systems, including the Novation crown cup acetabular component, Optetrak Logic CR knee system, Alteon tapered wedge stem and Equinoxe reverse shoulder systems. The company has also recorded the first clinical use of the devices in the country.
MassDevice (Boston) (6/22) 
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Single-use kit of tools for wrist fracture surgery debuted by DePuy Synthes
The Distal Radius Sterile Kit has been launched by DePuy Synthes for use in surgical treatment of wrist fractures. The presterilized, single-use kit of instruments and implants is intended for eliminating over 60% of the steps taken to process reusable kits.
Becker's Spine Review (6/22) 
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Government & Regulatory
Medical device tax repeal included in Senate GOP's ACA replacement bill
Senate Republicans released the Better Care Reconciliation Act, a bill aimed at repealing provisions of the Affordable Care Act, including the medical device tax. A Congressional Budget Office analysis of the bill may be released as soon as Monday, and the Senate plans to vote on it soon after that.
Regulatory Focus (6/22),  The Wall Street Journal (tiered subscription model) (6/22) 
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FDA, EU clear Implanet's redesigned JAZZ braid
The FDA has given Implanet clearance to market the improved version of its JAZZ braid, part of which is now ultrasonically bonded. The redesigned braid, which will continue to be integrated with the company's JAZZ tensioning system, has also been granted clearance by European regulators.
Becker's Spine Review (6/22) 
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ClearFlow's active clearance technology system wins FDA clearance
The FDA has granted Anaheim, Calif.-based ClearFlow 510(k) clearance for its FlowGlide active clearance technology system, a device intended for preventing retained blood syndrome by reducing or preventing occlusion of chest drains with clots.
MassDevice (Boston) (6/22) 
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AdvaMed Events and Education
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June 28-29 | Washington, D.C.
This next-level reimbursement workshop was created with the more advanced professional in mind. You'll walk away from this workshop with more insight into the complex and critical nature of coverage issues and policy. Learn more.
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Reimbursement/Health Economics Analyst
Sr. Director, Global Market Access
Engineer Level 3, Sustaining Design Quality
TERUMO BCT - Lakewood, CO
Medical Technologist
Anyone can hold the helm when the sea is calm.
Publilius Syrus,
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