The XtraFix, a modular instrument that facilitates external fixation procedures, was launched by Zimmer. The company said the device, designed to repair extremity fractures, reduces surgical steps, costs and time.
Zimmer Spine plans to shut down its facility and cut 88 jobs in Austin, Texas, as part of the company's efforts to streamline its business and merge its operations in Memphis, Tenn., and Minneapolis. Zimmer, an orthopedic device firm and affiliate of Zimmer Spine, also intends to eliminate five workers but will retain some operations at the Texas facility.
An entrepreneurial accelerator program focused on medical device startups in Memphis, Tenn., is taking applications for its first batch of grant recipients. The program, called ZeroTo510, initially will invest seed funds worth $50,000 each to six startups.
Wright Medical Group has agreed to buy the patent held by EZ Concept Surgical Device for an external fixator for the foot. Acquiring rights to technologies and buying smaller firms are part of Wright Medical's strategy to achieve growth.