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Company Financials: Orthopaedic and Spine

Alphatec Spine
$50.9MM, +8% (U.S. $34.5MM, +18%; ex-U.S. $16.3MM, +1%)

  • Claims 4th largest market share position in Japan
  • Resubmitted 510(k) for OsseoScrew, as planned
  • >500 cases complete to date w/PureGen Osteoprogenitor Cell Allograft
  • Not aware of significant impact on PureGen arising from recent FDA letter
  • Halted beta launch of Solus due to instrumentation issues, will re-release with redesigned components by end of 3Q

ArthroCare
$59.5MM, +3%

Sports Medicine $57.2MM, +5% (ex-U.S. +22%)
Other (includes Spine) $2.3MM, -26%

  • Entered into agreement to supply Wright Medical with soft tissue fixation products for foot and ankle based on Opus knotless suture technology
  • Received FDA clearance for SpeedFix labrum repair product; SpeedLock clearance still outstanding
  • Titan metal anchor and Spartan PEEK anchor will be fully launched by end of 3Q 

Biomet (for fiscal 4Q11, ended 5/31/11)
$715.2MM, -1% (U.S. $411.7MM, -3%; Europe $198.7MM, flat; International $104.8MM, +3%)

Reconstructive $549.2, flat (U.S. flat)

  • Hips flat (U.S. flat)
  • Knees -1% (U.S. -5%)
  • Extremities +15% (U.S. +22%)
  • Other +1% (U.S. -1%)

Fixation $58.6MM, -9% (U.S. -10%)
Spine $55.4MM, -10% (U.S. -12%)
Other $52.0MM, +8% (U.S. +1%)

  • Sports Medicine +11% (U.S. +8%)
  • Other +15% (U.S. -1%)

Recon

  • Metal-on-metal at <20% of acetabular units in U.S.
  • Not able to rev up Signature pipeline/momentum as expected
  • Launched Oxford Microplasty instrumentation, received regulatory clearance for Oxford Twin Peg Femoral component (will launch in 1QFY12)
  • Launched global tissue sparing hip stem in Europe

Trauma and Spine

  • Released 70 sets of OptiLock VL Distal Radius Plating system; 100 more scheduled for FY1Q production
  • Saw meaningful impact in spine from handful of account losses to more traditional and physician owned competition

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