Alphatec Spine reported a $14.5 million loss in the third quarter, a 487 percent decline from the $2.5 million loss during the same period last year.
The company's operating loss increased by $11.2 million compared to 2012. The loss corresponds with the company's decision to discontinue the PurGen Osteoprogenitor Cell Allograft from its product portfolio after a significant investment in clinical trials.
Gross profit dropped 18 percent to $24.2 million, though its revenue increased 7 percent to $50 million.
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The company's operating loss increased by $11.2 million compared to 2012. The loss corresponds with the company's decision to discontinue the PurGen Osteoprogenitor Cell Allograft from its product portfolio after a significant investment in clinical trials.
Gross profit dropped 18 percent to $24.2 million, though its revenue increased 7 percent to $50 million.
More Articles on Supply Chain:
DMP Spine Biologics to Distribute Bacterin Bone Graft Products in Europe
LDR Holdings Reports $8M Q3 Net Loss
MAKO Surgical Suffers $21.3M Net Loss in Q3, Decreased RIO Sales