EXHIBIT 11
 
                     INNOVASIVE DEVICES, INC.

   Statement Regarding Computation of Net Loss Per Common Share



                                                 Three months ended
                                                     March 31,
                                              ------------------------
                                                   1997          1996
                                              ----------   ----------- 
                                                    (unaudited)
 
                                                     
Net loss                                      $ (873,000)  $(1,147,000)
                                              ==========   ============
 
Weighted average common shares
  outstanding:
 
  a.   Shares attributable to common         
         stock outstanding                     7,260,870     1,812,015 
 
  b.   Shares attributable to mandatorily
         convertible preferred stock                         3,518,255
 
  c.   Shares attributable to common stock 
       options pursuant to SAB 83                              126,438
                                              ----------   ----------- 
Weighted average common shares outstanding     7,260,870     5,456,708
                                              ==========   ===========
 
Net loss per share                            $    (0.12)  $      (0.21)
                                              ==========   ============