A Curated Roundup of the Most Impactful News for Foot and Ankle Doctors, Reps, and Execs. Each week, you can expect to receive: Breaking News | Device Technology | Journal Reviews | Upcoming Events | Practice Advice All of our posts from our weekly email newsletter can be found at www.footandanklenews.com. Our newsletter goes out to over 10,000 foot and ankle surgeons and industry professionals across the country. The articles are created by a group of volunteers and freelance industry insiders. If you you would like to contact us or have an article or topic you would like to share, please submit it to: [email protected]
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Farewell Vancouver! Another great AOFAS in the books. Arguable if there was any game changing innovation launched at the meeting this year. Look for a follow up newsletter soon. Vilex Acumed Foot & Ankle Induce XT - NMP Bone Graft Johnson & Johnson Smith+Nephew Medartis OSSIO Fusion Orthopedics TriMed Zimmer Biomet Forma Medical Inc
We are live on the floor of the 2024 AOFAS Summer Meeting in Vancouver. Show has been well attended and all the big boys came out in force with impressive booth displays. Arthrex Foot & Ankle Stryker Foot & Ankle Paragon 28 Treace Medical Concepts, Inc. Enovis Foot & Ankle Medline UNITE Foot & Ankle CONMED Foot & Ankle
AOFAS 2024 New Product Preview - Newsletter Launched Today. https://conta.cc/3z5UXZA THIS WEEK IN FAN GOLDEN DEMOBONE - Bradley P. Abicht, DPM, FACFAS FAN JAMS - SPOTIFY O.R. PLAYLISTS - Steven L H.? LITTLE GUY, BIG IDEA - 15blades NEW PRODUCT RELEASES - restor3d - Paragon 28 - Enovis Foot & Ankle - Vilex - Medline UNITE Foot & Ankle - Arthrex - Stryker Foot & Ankle FAN F&A RESOURCES - Upcoming Meetings, Podcasts, and More Looking forward to AOFAS 2024 in Vancouver! Thank you to Induce XT - NMP Bone Graft for sponsoring this weeks newsletter. Induce XT is a multi growth factor bioimplant developed specifically for foot and ankle surgery. American Orthopaedic Foot & Ankle Society American College of Foot and Ankle Surgeons #footandankle #footandanklesurgery #orthopedics #podiatry #aofas #acfas #AOFAS2024
New FAN Newsletter Launched Today 8/7/2024 https://conta.cc/3WyCvR3 This Week in FAN: - Golden Demobone: Influencer Award - Jeffery McAlister, DPM - Little Guy, Big Idea: RELJA CLAMP - Acquisition News: Artelon to Stryker - Playbook to an Exit - FAN Resources: Meetings, Podcasts & More Looking forward to AOFAS 2024 in Vancouver! Thank you to Induce XT - NMP Bone Graft for sponsoring this weeks newsletter. Induce XT is a multi growth factor bioimplant developed specifically for foot and ankle surgery. Jeffrey E. M. Artelon Jantzen C. Aaron Smith Stryker Stryker Foot & Ankle RELJA Innovations LLC. Rob Amiot, DPM FACFAS American Orthopaedic Foot & Ankle Society American College of Foot and Ankle Surgeons #footandankle #footandanklesurgery #orthopedics #podiatry #aofas #acfas
JUST RELEASED: TREACE Q1 2024 EARNINGS ? Revenue: $51.1 million, up 21% year-over-year, surpassing estimates of $49.07 million. ? Net Loss: ($18.7) million, widened from ($13.5) million year-over-year, above estimates of ($19.10) million. ? Earnings Per Share (EPS): ($0.30), consistent with estimates. ? Gross Margin: 80.2%, slightly decreased from 80.9% in the same period last year. ? Adjusted EBITDA: Loss improved to ($8.3) million from a loss of ($10.0) million in the previous year. ? Full-Year Revenue Guidance: Revised to $201 million to $211 million, down from previous guidance of $220 million to $225 million. ? Cash Reserves: Cash, cash equivalents, and marketable securities totaled $112.1 million as of March 31, 2024. https://lnkd.in/gi73qagY
The FAN newsletter April edition has been launched: This week in FAN: Golden Demobone Award Nicholas Strasser MD ?? Jan S. Little Guy, Big Idea Induce XT - NMP Bone Graft By the Numbers: FY2023 Treace Medical Concepts, Inc. Paragon 28 Lapidus Product Launches Enovis Foot & Ankle Medline UNITE Foot & Ankle Paragon 28 American Orthopaedic Foot & Ankle Society Calander of Events https://lnkd.in/girUVrDg
Is Paragon28 finally going to Zimmer? For the last 2 years the rumors have persisted that Zimmer, a rutterless ship in the foot and ankle space, would be the landing spot for P28. From the outside looking in, this is an obvious play for both sides. Things seem to be lining lining up for this transaction to actually happen, the below are unconfirmed rumblings from industry leaders: 1) 250 Zimmer employees laid off during the week of ACFAS. 2) Paragon is divesting their 3D customs aquistion - Additive Orthopedics. The assumption is that regulatory concerns in the 3D printing space would potentially add some hair to the deal. 3) Conspiracy Special: Paragon does not have a booth space reserved for ACFAS 2025. Paragon28 management is adamant that no sale is forthcoming, they are on the charge to create a billion dollar entity. These rumors have flared up after every major industry meeting and nothing has happened. With the Wright Medical lawsuit behind them, that barrier to a cash out is behind them. The exclusive distributor model in place at Paragon provides a plug and play solution from the sales side. Bottomline...it makes too much sense not to happen, but don't be surprised if these same rumors resurface at AOFAS in Vancouver.
More from the floor of ACFAS 2024. Indication specific systems, 3D customs, unique materials, and growing full bag companies. It will be interesting to see if any of these guys will be acquired prior to the 2025 American College of Foot and Ankle Surgeons.
Tampa 2024 was a massive success for American College of Foot and Ankle Surgeons annual conference. FAN was live on the conference hall floor. Look out for a newsletter later this week for a full review of the show. Arthrex Foot & Ankle Stryker Enovis Foot & Ankle Medline UNITE Foot & Ankle Treace Medical Concepts, Inc. Paragon 28
A new player in the extremities market has emerged today. Henry Schein, a global instrument provider to dental and medical professionals, has purchased a majority share in TriMed. In addition, it has entered into a strategic relationship with Extremity Medical through a cash infusion to help fund the development of new technology. Tom Popeck , current President of Henry Schein Healthcare Specialties Group and former Vice President of Stryker Foot and Ankle, we assume will play some role in the newly formed extremities division of Henry Schein. Henry Schein revenue for the 12 months ending September 30th 2023 was $12.639B, a 0.69% increase year over year. https://lnkd.in/dHUTtSZ9