On a lighter note, as NASS approaches like a speeding bullet, OTW will be holding its second annual Spine Technology Awards. Where's the entertainment? Oh, TSB forgot, Robin is the entertainment. So the question to our readers is, who will Robin Young be touting this year and whose stock will he be pumping up? Even Mad Money Cramer would be a welcomed sight. Will there be a retrospective on some of the companies that no longer exist? TSB wants to know?
Monday, September 20, 2010
So Who's the Next to Fall?
On September 10th, 2010, TSB published a post entitled, "The Blue Velvets of the Spine Industry." One week later, on September 17th, news hit the street that Applied Spine had retained Gerbsman Partners to solicit interest for the acquisition of all, or substantially all of AST's assets. During the past few weeks, TSB had received a few e-mails from undisclosed sources stating that some employees at AST had already placed their resumes on the street. In addition, to AST, we now hear from a former employee at DMT that this venture is in dire need of capital. With a Clinical Advisory Board made up of fifteen, count that, fifteen of the most prominent names in spine, and a leading PhD, one must wonder if there's trouble in Margaritaville? Supposedly, this operation has already burned through a few million. Anyone not affiliated with this venture must wonder, why a company that has an advisory board made up of the who's who in spine cannot raise the necessary capital to keep this boat afloat? So TSB must ask our readers, if this device is that innovative, why aren't some of these surgeons putting their own money where their mouths are? Have you ever look at this device? One has to wonder, can you insert this device at L5-S1?