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Company Financials: Orthopaedics and Spine

Here we present 3Q13 revenue for a range of orthopaedic and spine companies. Company specific performance highlights follow. 

Exhibit 1 displays companies' orthopaedic sales growth for 3Q13 vs. 3Q12 by product segment. Performance highlights follow, and pertain to 3Q unless otherwise noted.

Exhibit 1: Orthopaedic Sales Growth by Product Segment: 3Q13 vs. 3Q12

 financials dec2013

ANIKA THERAPEUTICS

Orthobiologics $12.8MM, +39% (U.S. +26%)

  • Growing global interest in Hyalofast cartilage regeneration product
  • Expanded and initiated back-up sites to accelerate enrollment in Phase III multi-national study of Cingal in treatment of knee osteoarthritis; enrollment slated for completion 1Q14
  • Submitted CE Mark dossier for Hyalospine anti-adhesion product; expecting approval by end of 1Q14
  • MONOVISC U.S. status: FDA review of additional analysis complete, feedback expected in 4Q13

ARTHROCARE

$60.3MM, +6%

• Sports Medicine $58MM, +6% (Americas 5%, ex-U.S. +12%; Americas proprietary products +8%)

• Other (includes spine) $2.2MM, +20%

  • Proprietary Sports Medicine growth attributed to higher Coblation sales in hip, knee, shoulder, partially offset by -2% ASP
  • Made a small investment in ArthroSpace and obtained distribution rights to InSpace in certain ex-U.S. markets, for the treatment of pain associated with rotator cuff tears
  • New Coblation platform slated to undergo initial clinical evaluation ex-U.S. in 1H14, to focus on energy platform that can deliver operating modes specifically designed for knee tissue
  • Q-Fix products from Eleven Blade expected to launch early 2014

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