Navigation Links
Globus Medical Announces Record Revenue for 2007
Date:2/4/2008

AUDUBON, Pa., Feb. 4 /PRNewswire/ -- Globus Medical, Inc., the largest privately held spinal implant manufacturer in the world, today announced record revenue for the year ending December 31, 2007. The company recorded revenue of $123 million -- an increase of 50 percent over the $82 million it achieved in 2006.

The record revenue capped a series of significant milestones achieved by the Company during 2007. "This has been an outstanding year for Globus Medical. Our rapid growth has continued unabated, driven by the development of numerous innovative technologies at a pace unmatched in the industry, and the expansion of our distribution footprint to several new markets," said David Paul, Chief Executive Officer, Globus Medical, Inc. "These achievements, coupled with the $110 million capital infusion in 2007 have positioned Globus for a breakthrough year in 2008."

During 2007, Globus Medical significantly expanded its sales and distribution infrastructure, adding a net total of 42 sales professionals across the U.S. Twenty of these individuals had at least five years of successful sales experience with major spinal implant manufacturers before joining Globus.

The speed and efficiency of Globus Medical's product development engine continued to drive major technological advancements in fusion, MIS, and biomaterials. The company introduced a total of 13 new systems, and announced two "world's first" surgeries using its posterior-lateral disc replacement systems.

In the 3rd quarter, the Company announced the closing of a $110 million financing round-the biggest venture capital deal of 2007. Clarus Ventures, LLC led the round and was joined by AIG SunAmerica and other large, institutional private equity (Clarus Ventures, LLC; AIG SunAmerica) funds.

About Globus Medical, Inc.

Globus Medical, Inc. is one of the ten largest spinal implant manufacturers in the world. Based in Audubon, Pa., the privately held company was founded
'/>"/>

SOURCE Globus Medical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. MSU engineering team designs innovative medical device
2. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
3. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
4. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
5. Father and Daughter From Tanzania Receive Their First Medical Examination in Newport Beach
6. Doctors and medical ethicist discuss whether doctors should participate in capital punishment
7. Preparation for Natural Disasters Critical for People With Diabetes, Chronic Medical Conditions
8. Doctors and Medical Ethicist Discuss Whether Doctors Should Participate in Capital Punishment
9. Symmetry Medical Completes Acquisition Of Specialty Surgical Instruments
10. Milestone Scientific Announces Successful Completion of its Collaboration Agreement With Carticept Medical
11. FDA Seeks to Regulate Complementary and Alternative Medicine; Products Such as Vegetable Juice Could Be Restricted for Medical Use
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/26/2014)... “Many people become overwhelmed by the ... issues and phone calls with insurance companies,” The Jones ... their free eBook on pedestrian and bicycle accidents ... and bicycle auto accident claims assures the injured individual ... professionally handling their case while they focus on recovering. ...
(Date:12/26/2014)... 26, 2014 Parker & Sons, ... best in heating, cooling and plumbing contractor services ... emergency services in 2014 with regard to air-conditioning ... Arizona is known for its incredibly hot summers. ... the intricacies and details of a wide variety ...
(Date:12/25/2014)... The report “Nintedanib (Colorectal Cancer) ... on the current treatment landscape, unmet needs, current ... market. Stivarga is a drug which is used ... Boehringer Ingelheim is developing nintedanib (BIBF-1120), an orally ... CRC in the US, Europe, and Japan. The ...
(Date:12/25/2014)... Recently, iFitDress.com, the popular online supplier of ... its new selection of black one-shoulder cocktail dresses . ... they are available at discounted prices, up to 70% off. ... last for three weeks only. You know, we have thousands ... interested in our new items can visit our website for ...
(Date:12/25/2014)... December 25, 2014 BambooFlooringChina.com sells many ... quality bamboo flooring. Today, the company announces big ... many styles and colors. , BambooFlooringChina.com is the world’s ... the promotion is valid until Jan. 20, 2015. , ... and woven with a natural thread. All the bamboo ...
Breaking Medicine News(10 mins):Health News:Guide to Handling Pedestrian and Bicycle Accidents Released By The Jones Firm, Featured in Recent Article 2Health News:Parker & Sons Announces Record Demand For 24 Hour Emergency Services In 2014 With Regard To Air-Conditioning Systems 2Health News:Parker & Sons Announces Record Demand For 24 Hour Emergency Services In 2014 With Regard To Air-Conditioning Systems 3Health News:Nintedanib Colorectal Cancer Market Analysis and Forecast to 2023 Report at RnRMarketReserach.com 2Health News:Nintedanib Colorectal Cancer Market Analysis and Forecast to 2023 Report at RnRMarketReserach.com 3Health News:Nintedanib Colorectal Cancer Market Analysis and Forecast to 2023 Report at RnRMarketReserach.com 4Health News:iFitDress.com: Black One-Shoulder Cocktail Dresses for 2015 2Health News:Various Styles of Bamboo Mats in Many Colors from BambooFlooringChina.com 2
... ( Drosophila melanogaster ) males -- in which the activity ... -- show impairments in learning and memory as they age. ... deficits by treating the flies with drugs such as lithium, ... The research team -- Thomas A. Jongens, Ph.D., associate professor ...
... -- NewYork-Presbyterian Hospital, one of the country,s largest and most ... and #1 among ranked hospitals in the New York area, ... marks the 10th consecutive year that NewYork-Presbyterian has been listed ... Best Hospitals 2010-11 ranks 152 medical centers nationwide ...
... , THURSDAY, July 15 (HealthDay News) -- A study of ... than the recommended two hours of television a day. ... country," said study co-author Dr. John Oh, an epidemic intelligence ... and Prevention, working with Oregon Public Health. Experts have ...
... THURSDAY, July 15 (HealthDay News) -- For an hour after ... stroke increases, a small, preliminary study suggests. But even ... researchers noted that moderate drinking over the long-term might actually ... risk of ischemic stroke may be transiently elevated in the ...
... The Robert Wood Johnson Foundation, the nation,s largest philanthropy ... of all Americans, has chosen Dr. Paul Lipkin, Director ... for a highly coveted National Health Policy Fellowship. ... dramatic change, and the lives of millions are impacted ...
... of scientists, led by researchers at the University of California, ... responsible for a condition in which eye and brain development ... a potential remedy that would involve a simple, daily dietary ... disorders of glycosylation or CDG, a group of syndromes in ...
Cached Medicine News:Health News:Rescuing fruit flies from Alzheimer's disease 2Health News:Rescuing fruit flies from Alzheimer's disease 3Health News:Rescuing fruit flies from Alzheimer's disease 4Health News:NewYork-Presbyterian No. 6 hospital in nation, No. 1 in NY 2Health News:NewYork-Presbyterian No. 6 hospital in nation, No. 1 in NY 3Health News:Too Many Tots Watching Too Much TV: Study 2Health News:Too Many Tots Watching Too Much TV: Study 3Health News: Stroke Risk May Rise First Hour After Drinking 2Health News: Stroke Risk May Rise First Hour After Drinking 3Health News:Kennedy Krieger Institute's Dr. Paul Lipkin selected for national health policy fellowship 2Health News:UC San Diego researchers find cause of metabolic disease -- and possible cure 2Health News:UC San Diego researchers find cause of metabolic disease -- and possible cure 3
(Date:12/24/2014)... , Dec. 24, 2014  Conkwest, Inc., ... developing the proprietary Natural Killer (NK) cell-line platform, ... Dr. Patrick Soon-Shiong , NantWorks founder, physician ... definitive agreement to purchase approximately $48 million of ... with the investment, he will be named Co-Chairman ...
(Date:12/24/2014)... , Dec. 23, 2014 Echo Therapeutics, ... device company focused on skin permeation, continuous glucose ... Scott W. Hollander has been appointed Chief ... has more than 20 years of experience in ... and most recently served as Vice President, Business ...
(Date:12/24/2014)... Dec. 23, 2014   Assurex Health, a ... to healthcare providers for behavioral health and chronic ... $30 million in equity financing from new and ... , President and Chief Executive Officer. ... development of Assurex Health,s GeneSight ® ...
Breaking Medicine Technology:Conkwest Announces $50m In Strategic Investments And Appoints NantWorks Founder, Dr. Patrick Soon-Shiong As Co-Chairman Of The Board 2Conkwest Announces $50m In Strategic Investments And Appoints NantWorks Founder, Dr. Patrick Soon-Shiong As Co-Chairman Of The Board 3Conkwest Announces $50m In Strategic Investments And Appoints NantWorks Founder, Dr. Patrick Soon-Shiong As Co-Chairman Of The Board 4Conkwest Announces $50m In Strategic Investments And Appoints NantWorks Founder, Dr. Patrick Soon-Shiong As Co-Chairman Of The Board 5Echo Therapeutics Announces Scott W. Hollander as President & Chief Executive Officer 2Echo Therapeutics Announces Scott W. Hollander as President & Chief Executive Officer 3Assurex Health Secures $30 Million Financing Round to Continue Growth in Neuropsychiatric Pharmacogenomics 2Assurex Health Secures $30 Million Financing Round to Continue Growth in Neuropsychiatric Pharmacogenomics 3Assurex Health Secures $30 Million Financing Round to Continue Growth in Neuropsychiatric Pharmacogenomics 4
... This programmable system automates the denaturation ... procedures, and provides walk-away convenience for ... cost unit accepts a wide range ... use, and reduces hands-on time by ...
... bucket rotor. ,The MicroPrep 2 is a ... bucket rotor and optional fixed angle rotor.,The ... of clinical, biomedical, industrial, and biotechnology applications. ... "swinging bucket centrifuge in a small, low ...
... StatSpin MP is a small, quiet, high-speed ... and suspension system which results in nearly ... rotors achieve both top speed and full ... easily be changed with a simple push-on/ ...
Used to provide drainage of urine from the bladder. All-silicone construction provides maximum softness and biocompatibility for enhanced patient comfort. Supplied sterile in peel-open packages. Inte...
Medicine Products: