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7 Disruptive Trends in Orthopedics

7 Disruptive Trends in Orthopedics
In this free piece, I am going to share 7 of these disruptive trends with you. These 7 trends will affect you – whether you are a company executive, employee, sales professional, marketing professional, recruiter, researcher, investor, or job seeker.

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3D Systems (Belgium) http://www.3dsystems.com/  plastic,  3D Systems is a conglomerate of investors buying companies, selling services and machines, and competing with their own customers. Basically, they are machine vendors. They bought Layerwise in Leuven, a spin-off from the University, which is situated less than 30 minutes walk from the massive Materialise medical facilities in Leuven. Materialise is also a spin-off from the same university.
4Web (Frisco, Texas) http://4webmedical.com/  Titanium
Additive Orthopedics (Little Silver, NJ) http://www.additiveortho.com/
BioArchitects USA (New York, NY)  http://bioarchitects.com/  Titanium
BodyCad (Quebec, Canada) http://www.bodycad.com/  design and development for unicompartmental knee, total knee, total hip, shoulder
Conceptualiz, Inc. (Nova Scotia, Canada) http://www.conceptualiz.com/ anatomy samples for better surgery planning
ConforMIS (Bedford, MA) http://www.conformis.com/ CoCr, plastic
EIT (Germany) http://www.eit-spine.de/cms/en/home/  porous Titanium
FMI Instrumed (Netherlands) http://www.fmi-international.com/  
Formus Labs (Auckland, New Zealand)  https://www.formuslabs.com/  Titanium for hips, does design work only
Lattice Biologics (Phoenix, AZ) http://www.latticebiologics.com/  Extracellular Matrix on Plastic
Marox (Holyoke, MA) titanium http://www.marox.com
Materialise (Belgium) http://www.materialise.com/  plastic and metal
Medacta (Switzerland) https://www.medacta.com plastic
Mighty Oak Medical (Denver, CO) http://mightyoakmedical.com/
Mobelife (Belgium) http://www.mobelife.be/  porous Titanium, acquired by Materialise
Next21 (Japan) http://next21.info/english/index.html  ceramics
NextStep Arthropedix (Akron) http://www.theken.us/  porous Titanium
Oxford Performance Materials, Inc (South Windsor, CT)  http://www.oxfordpm.com/ PEEK
PolyShape (France) http://www.poly-shape.com/  Titanium, plastics 
Tangible Solutions (Fairborn, OH)  http://tangiblesolutions3d.com/  metals and plastic
Xilloc Medical (Netherlands) http://www.xilloc.com/  PEEK and metals

 
Email us if we missed a company and we’ll add it to the list…  tiger@ TigerRecruiting.com
 
 
 

Tiger’s exclusive interviews with entrepreneurs in our industry.
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 6 Questions with Nick Deeter, the undisputed pioneer of orthopedic implants for kids

 
6 Questions with Dr. Jay Yadav, the founder of MiRus, who is bringing a proprietary new alloy into orthopedics and spine
 

6 Questions with Albert DaCosta, the founder of Paragon 28 who is defining the future of extremities

6 Questions with Jeff O’Donnell, who is leading a disruptive orthopedic startup with an arthroscopy in the doctor’s office

6 Questions with Curt Wiedenhoefer, an old friend who is bringing wearable patient monitoring to total joints

6 Questions with Herb Schwartz, a quietly disruptive force in sports medicine and early OA
 

6 Questions with Fried Vancraen, a pioneer who is reshaping the future of Orthopedics with 3D Printing
 

6 Questions with Ric Navarro, a serial technology innovator in the spine space
 

6 Questions with John T. Treace, an orthopaedic extremities executive building an innovative new foot and ankle company

6 Questions with Wade Fallin, a serial entrepreneur with a proven innovation process in Orthopedics

6 Questions with Chris Hughes, an entrepreneur who is challenging conventional thinking in Orthopedics
 

Who should I  interview next?  [email protected]

Interviews with other Orthopedic Leaders
Q&A with Bioventus about their biologics business
Q&A with 3 men who are revolutionizing Orthopedic training
Q&A with Maurice Ferré, who founded, then sold MAKO for $1.65B
Q&A with Biomet GM on the new ACL sparing Total Knee
Q&A with medical device CEO focused on helping people who live on $4 a day
Q&A with the CEO of TiGenix, maker of the cell-based cartilage repair product ChrondroCelect
Non-surgical orthopedic medical devices: an interview with DJO Marketing
Medtronic hunts for new technology around the globe – Q&A with Dr. Steve Oesterle
Q&A with Mark Augusti, CEO @ Bioventus, the new Smith and Nephew Biologics spinout
Q&A with OrthoSensor CEO, Jay Pierce, Regarding the Smart Trial Technology
An Interview with Eric Olson, the new CEO of Amedica
Audio Q&A: Spine Startup – Soteira CEO Larry Jasinski
Q&A with Paul Nichols of Bio2 Technologies – answers questions about the State of Orthopedic Industry
Short Video Q&A: EnHatch, a Different Kind of Medical Device Development Company
S&N interview regarding their strategy to expand into BRIC countries
LA Times interview with Dr. Gary Michelson “How I Made It”
Interview with Adam Weitz, Founder and CEO of Ortho Kinematics

Biomet

Jan 12, 2017 – Zimmer Biomet pays $30.5M for Biomet Mexico fines at the end of the DPA term.
June 6, 2016 – Prosecutors state that Biomet has breached their agreement and now Zimmer Biomet could face criminal prosecution
March 18, 2015 – DOJ extends Deferred Procession Agreement for another year regarding its investigation into operations in Brazil and Mexico
July 2, 2014 – SEC subpoenas Biomet regarding operations in Brazil and Mexico
March 26, 2012 – entered into a DPA to resolve improper payments by the company and its subsidiaries in violation of the Foreign Corrupt Practices Act, paid $22M to avoid prosecution
March 30, 2009 – expiration of DPA
Sept 27, 2007 – agreed to DPA for 18 months and agreed to pay a civil settlement amount of $26.9M

Zimmer

March 30, 2009 – expiration of DPA
Sept 27, 2007 – agreed to DPA for 18 months and agreed to pay a civil settlement amount of $169.5M

ArthroCare

2016 – expiration of Deferred Prosecution Agreement
2014 – enters into a 2-year Deferred Prosecution Agreement to resolve ongoing investigation regarding allegations of securities and related fraud committed under a previous management team
2008 – securities fraud exposed

OrthoFix

Feb 8 2017, – settles with the DOJ for $14M
June 8, 2012 – agreed to pay DOJ  $34,234,263 to settle allegations under the civil False Claims Act relating to the company’s sale of bone growth stimulator devices
June 8, 2012 – agreed to plead guilty to a felony of obstruction of a federal audit, and to pay a $7,765,737 criminal fine
Whistleblower, Jeffrey Bierman,  will receive $9,243,251 – a 27% share of the civil recovery of $34.23 million False Claims Act settlement.
2003 – Jeffrey Bierman, a Midwest health care consultant, files a whistleblower lawsuit  that the company defrauded the federal Medicare program

Stryker

June 6, 2012 – Stryker offers the DOJ a $33M settlement to close the books on a probe of illegal marketing of its OtisKnee implants
March 30, 2009 – expiration of DPA
Sept 27, 2007 – agreed to a Deferred non-Prosecution Agreement for 18 months and avoided any penalties

Wright Medical

Sept 29, 2015 – expiration of Corporate Integrity Agreement
Sept 29, 2012 – expiration of DPA
2011 – CEO resigned, CTO fired with cause, General Council and other executives fired
May 5, 2011 – the Office notified Wright that it had received information that Wright had knowingly and willfully breached material provisions of the DPA
Sept 29, 2010 – agreed to DPA for 12 months and agreed to pay a civil settlement amount of $7.9M

Exactech

December 2015 – expiration of Corporate Integrity Agreement
March 8, 2012 – expiration of DPA
Dec 7, 2011 – extends DPA by 3 months
March 21, 2011 – Douglas Donofrio, a former Exactech sales director for Exactech lands five years’ probation and $56,000 in fines after pleading guilty to a kickbacks scheme with orthopedic surgeons.
Dec 2, 2010 – agreed to DPA for 12 months and agreed to pay a civil settlement amount of $3.0M

Smith & Nephew

March 2012 – agreed to hire a second monitor
March 30, 2009 – expiration of DPA
Sept 27, 2007 – agreed to DPA for 18 months and agreed to pay a civil settlement amount of $28.9M

J&J DePuy

March 30, 2009 – expiration of DPA
Sept 27, 2007 – agreed to DPA for 18 months and agreed to pay a civil settlement amount of $84.7M

Baxano / TranS1

July 3, 2013 – agrees to pay $6M fine (plus accrued interest of 2%) to DOJ, admits no wrongdoing
Oct, 2011 – received subpoena

NuVasive

April 2015 – agrees to pay $13.8M fine to DOJ – avoids entering corporate integrity agreement with OIG

DJO Global

Feb 2018 – agrees to pay $7.6M for “assumptive selling” practices related to EMPI