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July

PiperJaffray Analyst Report - IMAST Adds Color to Clouded Spine Debate

July 22, 2010  

Our take-aways from this year's IMAST meeting are not surprisingly less about new widgets and techniques and more about tone and trends in the spine market. Given the results and commentary from JNJ and SYK earlier in the week and the sell-off in ortho and spine stocks, we spent our time digging into questions around pricing, volume trends and reimbursement with attendees and exhibitors. In a nutshell, we came away from the meeting with our bullish view on spine intact, and we remain buyers of Overweight NUVA, and we continue to recommend TSON for investors with a longer horizon.