New Amniotic “Stem Cell” Review Paper: Misinformed or Misleading?

One of the things that’s often hard for patients to understand is that when it comes to using stem cells for orthopedic conditions, the universities are way behind private-practice physicians. The good news is that we’re seeing some universities, like Stanford, Emory, and the Mayo Clinic, begin to embrace simple cell therapies. The bad news is that other universities are still way behind the average private-practice doctor in using these therapies. An example of that issue is a recently published amniotic stem cell review paper by physicians at Rush University in Chicago. These guys are likely well meaning, but they clearly have little knowledge of what’s not in commercially available amniotic tissues being sold on the market today.

What Are Amniotic Tissues?

While I’ve blogged on this topic many times, amniotic tissues are derived from the waste products of the delivery of a child—namely, the amniotic fluid that surrounds the baby as well as the birth sac and placenta. Given that these tissues are cheap and plentiful, they’ve been sold for many years for use in wound healing, neurosurgery, and ophthalmology. These same amniotic products have been more recently used in orthopedic injuries, despite a lack of data showing that they could help these problems. More concerning is that many physicians have been convinced by sales reps that commercially available amniotic tissues contain stem cells, but they, in fact, contain no live cells. Even more concerning is that many physicians extend this ruse to their patients, convincing them to spend big bucks on amniotic “stem cell” injections that, in fact, contain no stem cells.

Conflicts?

Before I read many papers, I always do a little snooping on the authors, just to see who they are, who they work for, and whether there may be bias in what they write. In this paper, they list 14 different companies that have funded research, paid royalties or speaking or consulting fees, or provided stock or stock options. While this isn’t automatically a significant conflict, three of the companies (NuTech, Arthrex, and Zimmer) make or vend amniotic tissues. Hence, the authors have conflicts of interest on this topic. Having said that, I run a large, international, medical-group practice that has chosen not to use amniotic stem cells, so some would say that I have the opposite bias.

The Familiar Amniotic Stem Cell Shuffle Is Alive and Well 

Here’s my big concern with this paper. While I expect the usual rank-and-file uneducated physician to make the mistake that commercial amniotic products contain living stem cells, I don’t expect university physicians to make that same mistake.

 

READ THE REST HERE

RTI Surgical® Receives Regulatory Clearances, Expands Distribution of nanOss® Bioactive in Australia, Europe

September 19, 2016

ALACHUA, Fla. (DATE) – RTI Surgical (RTI) (Nasdaq: RTIX), a global surgical implant company, announced it has recently received regulatory clearance from the Australian Therapeutic Goods Administration (TGA) for nanOss® Bioactive bone void filler in Australia. The company also announced it has received CE Mark from BSI for nanOss Bioactive Loaded bone void filler and nanOss Bioactive 3D bone void filler in Europe.

NanOss Bioactive bone void filler is an advanced bone graft substitute composed of nano-structured hydroxyapatite granules and an open structured engineered collagen carrier. It is intended for bony voids or gaps that are not intrinsic to the stability of bony structure. NanOss Bioactive is among few synthetic-based grafts* with peer-reviewed evidence of posterolateral fusion. NanOss Bioactive bone void filler will be distributed for RTI Surgical in Australia by LifeHealthcare Group Limited (ASX: LHC), one of Australia’s leading independent medical device distributors.

NanOss Bioactive Loaded bone void filler is a closed system with a pre-filled mixing syringe for consistency, sterility, compression and easy delivery of NanOss Bioactive bone void filler. NanOss Bioactive 3D bone void filler is an advanced bone graft composed of nano-structured hydroxyapatite granules suspended in a porous gelatin-based foam matrix. NanOss Bioactive Loaded bone void filler and nanOss Bioactive 3D bone void filler will be distributed by RTI Surgical and its independent distributors in Europe.

“We are pleased to have received regulatory clearance to launch nanOss Bioactive bone void filler in Australia, as well regulatory approval for nanOss Bioactive Loaded bone void filler and nanOss Bioactive 3D bone void filler in Europe,” said Carrie Hartill, executive vice president and chief scientific officer. “These clearances expand our broad portfolio of surgical implants offered across the globe and give surgeons worldwide more options to help their patients improve their quality of life.”

*A product that is manufactured from synthetic material but may also include carrier materials derived from non-human materials.

About RTI Surgical Inc.

RTI Surgical is a leading global surgical implant company providing surgeons with safe biologic, metal and synthetic implants. Committed to delivering a higher standard, RTI’s implants are used in sports medicine, general surgery, spine, orthopedic, trauma and cardiothoracic procedures and are distributed in nearly 50 countries. RTI is headquartered in Alachua, Fla., and has four manufacturing facilities throughout the U.S. and Europe. RTI is accredited in the U.S. by the American Association of Tissue Banks and is a member of AdvaMed. For more information, please visit www.rtix.com.

Forward Looking Statement

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations, estimates and projections about our industry, our management’s beliefs and certain assumptions made by our management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, except for historical information, any statements made in this communication about anticipated financial results, growth rates, new product introductions, future operational improvements and results or regulatory actions or approvals or changes to agreements with distributors also are forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties, including the risks described in public filings with the U.S. Securities and Exchange Commission (SEC). Our actual results may differ materially from the anticipated results reflected in these forward-looking statements. Copies of the company’s SEC filings may be obtained by contacting the company or the SEC or by visiting RTI’s website atwww.rtix.com or the SEC’s website at www.sec.gov.

Developing New Orthopaedic Business Models: 2020 and Beyond

Posted in Health Reform Watch | Sept., 2016 – Carolyn LaWell is ORTHOWORLD’s Chief Content Officer

To thrive in the healthcare environment of tomorrow, orthopaedic device companies will need to operate within a greater portion of the supply chain, assisting upstream and downstream customers in finding operational value. This will require companies to forge stronger relationships, focus on internal efficiencies and launch services, not just devices. Ultimately, the business models of orthopaedic device companies must radically change if they want to maintain profitability, margins and independence in coming years. This was the message from OMTEC® 2016 keynote speaker Bill Tribe, Ph.D., Partner at A.T. Kearney’s Health Practice.

The message is bold, yet not surprising. One needs to look no further than the product—not device, but product—launches of the largest industry players in recent years. Observe a number of examples: DePuy Synthes’ focus on bundled payment services,Stryker’s purchase and subsequent launch of the Mako robot, Smith & Nephew’s development of Syncera. Additional players and offerings, like Cardinal Health’s expansion into the commercialization of orthopaedic implants and Millstone Medical Outsourcing’s direct-to-patient and hospital distribution model, are reaching new portions of the supply chain.

Tribe referred to these as pilot programs. While it can be assumed that a large amount of research and resources, both personnel and capital, went into the creation of these technologies and services to gain meaningful return on their investments, most on this list are too early in their lifecycles to deem successful long-term.

What these companies attempt to do with these models, though, is to solve a different problem for their customers while generating a new revenue stream for themselves. They move beyond legacy devices and distribution to target new price points and customers, and even create new audiences. Tribe argued that all orthopaedic companies, regardless of size or position in the supply chain, should introduce alternative business models that match the shifts in healthcare and their own company needs.

Here is why.

The Economic Case

Margins across the medical device sector have been falling for more than a decade, and will continue to erode by about 5% if unaddressed, according to Tribe’s research. Compounding that is the continued negative impact of price pressure, at nearly 3% per year. An average orthopaedic company would need to reduce its cost of goods by 12% or its Selling, General and Administrative expenses by 8%, or some combination of the two, to offset that 3% in price pressure, he says. That pressure is consistent; therefore, companies must get leaner each year.

On a positive note, orthopaedics is a $46 billion industry growing in the low-single-digits year over year, according to ORTHOWORLD’s THE ORTHOPAEDIC INDUSTRY ANNUAL REPORT®. Healthy procedural volumes due to a growing and aging population, and untapped and underserved markets, mean that the industry remains attractive.

 

READ THE REST HERE

FDA Clears Omega3-Rich Fish Skin for Surgical Applications

SEPTEMBER 16, 2016
McClean, VA – (Marketwired – Sept 13, 2016) – Kerecis, the company using Omega3-rich fish skin for tissue healing, has received clearance from the Food and Drug Administration (FDA)
to market the proprietary Kerecis technology as a surgical buttress in the United States. The Kerecis Omega3 Secure Mesh can be used in lung, bariatric, gastric, colorectal and other surgeries.
Kerecis Omega3 is intact fish skin rich in naturally occurring Omega3 polyunsaturated fatty acids. The material, which is used to regenerate damaged human tissue, has the potential to accelerate healing, and was developed in collaboration with the U.S. Office of Naval Research.
Surgical staplers are commonly used during laparoscopic operations to simultaneously cut organs and staple the resulting organ wound closed. The Kerecis Omega3 fish-skin product can strengthen the staple line and reduce the possibility of leakage. The Kerecis Omega3 material recruits the body’s cells from the tissue surrounding the organ cut. These cells are incorporated into the fish skin, which is ultimately converted into functional, living tissue. Studies have shown that cells and stem cells proliferate faster in this structure than in mammalian-sourced materials such as pericardium tissue.

“With diabetes and obesity so common today, improved surgical technologies are needed to cope with more stress and tissue mass,” said Fertram Sigurjonsson, CEO, president and chairman of Kerecis Limited. “Our technology can help improve outcomes by reducing the possibility of leakage from surgical wounds. The FDA approval represents an important milestone for us, as we now have two approved products in the world’s largest market for surgical products.”

About Kerecis

Kerecis develops regenerative technologies based on fish skin and Omega3 polyunsaturated fatty acids.

The Kerecis technology is patented in the U.S. and multiple other countries. The initial Kerecis product, Kerecis Omega3 Wound, has been approved by the FDA and European regulatory authorities for wound healing. The product has a Medicare “Q” code (Q4158), allowing it to be easily identified and processed by Medicare and private insurance companies. The FDA has also cleared Kerecis Omega3 SecureMesh for surgical use in the United States.

Kerecis Omega3 is produced in Iceland from fish locally harvested in the North Atlantic waters. For more information, visit www.kerecis.com. Distributor and licensing inquiries are welcome.

Source: FDA Clears Omega3-Rich Fish Skin for Surgical Applications

UNYQ Showcases 3D Printed Scoliosis Brace with Embedded Wearable Technology at White House Event Celebrating Inclusive Design, Assistive Technology & Prosthetics

September 15, 2016

WASHINGTON–(BUSINESS WIRE)–

UNYQ, the San Francisco- and Seville-based pioneer in personalized prosthetics and orthotics, today showcased their new state-of-the-art scoliosis brace, UNYQ Align™, and their personalized prosthetic cover, UNYQ Performance™, at a White House event hosted by the White House Office of Public Engagement and Office of Science and Technology Policy. UNYQ Align™ combines 3D-printing and digital design, powered by the Intel® Curie™ module, into a stylish, customized, and lightweight medical device that assists scoliosis sufferers.

This Smart News Release features multimedia. View the full release here:http://www.businesswire.com/news/home/20160915006398/en/

For this special White House event, UNYQ teamed up with Studio Bitonti, led by famed designer, Francis Bitonti, to imagine a brand new type of UNYQ Align™ brace. The result is not only fashionable, but, through innovative topology optimization technology, Studio Bitonti and UNYQ were able to reduce the material significantly to create their most breathable and lightweight scoliosis brace yet.

“It was a privilege to collaborate with UNYQ on this solution. These are the kinds of projects designers need to be paying very close attention to,” said Francis Bitonti, CEO of Studio Bitonti. “UNYQ Align™ demonstrates how innovative technologies, designers, and technologists can combine to revolutionize treatment of medical conditions and dramatically improve the lives of the people who rely on assistive devices.”

Around 7 million US citizens suffer from scoliosis, a curvature of the spine that afflicts both young and old. Bracing is the most common treatment for children and teens, with prescribed usage of up to 16-18 hours a day. Traditional braces make it difficult for patients to reach the minimum recommended bracing period per day because they are constricting, bulky and perceived as unattractive.

UNYQ Align™ uses sensors to detect how long a user wears the device, and monitors pressure points to ensure fit and function. A mobile app collects the data for use by clinicians to make adjustments based on empirical data. At 3.5mm thick, the new brace is lightweight and slim enough to wear under a shirt, and comes in a wide variety of colors and patterns. These innovations dramatically improve the patient’s experience and impact their willingness to wear the brace.

“We are thrilled to have been invited to feature 2 of our products, UNYQ Performance™ and UNYQ Align™ at the White House Event Celebrating Inclusive Design, Assistive Technology & Prosthetics,” said Eythor Bender, UNYQ CEO and Co-Founder. “I’m continually inspired by people who have overcome personal barriers, and am proud we have developed products that allow them more opportunities to do so.”

The White House event included remarks from administration officials, industry experts, and designers, and featured a fashion show highlighting inclusive creations.

Included in the fashion show:

  • The UNYQ Align™ concept scoliosis brace designed by Studio Bitonti for UNYQ, was modeled by Grace Mosier, a 15-year-old with scoliosis. Grace demonstrated how the tiny, yet powerful embedded Intel Curie™ Module is helping her reach her treatment goals, while its stylish, customized, and lightweight design gives her more confidence and increases her willingness to wear the brace.
  • An example of UNYQ Performance™, personalized prosthetic covers, that empower amputees to celebrate their authenticity in a fashionable way was worn by retired US Marine Corps Sergeant, Kyle Garcia, whose left leg was amputated after suffering a blast injury from an IED during his third deployment in Afghanistan.

UNYQ Align™ will be launched to a limited number of the top clinics in the U.S. in October. The UNYQ Align™ App will be available in the spring of 2017. Sign up for updates at www.unyq.com.

About UNYQ
UNYQ delivers personalized non-invasive orthopedic devices that improve quality of life and celebrate user’s authenticity fashionably. The company employs digitization and 3D printing and cognitive systems to enhance device functionality and democratize access to everyone affordably. To learn more about UNYQ, its Hub Network and complete product lines, visit unyq.com.

About Studio Bitonti
Studio Bitonti creates tools that push ideas into the world. It designs manufacturing processes, products, and software to enable clients to use emerging technologies on a variety of projects with a variety of materials. The studio’s goal is to help clients produce their ideas with the most innovative tools available. Studio Bitonti is based in Brooklyn, NY. More information can be found at studiobitonti.com

About Intel
Intel (INTC) expands the boundaries of technology to make the most amazing experiences possible. Information about Intel can be found at newsroom.intel.com and intel.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160915006398/en/

MULTIMEDIA AVAILABLE:http://www.businesswire.com/news/home/20160915006398/en/

Bioventus Launches EXOGEN® Ultrasound Bone Healing System in the Kingdom of Saudi Arabia

September 19, 2016

HOOFDDORP, The Netherlands–(BUSINESS WIRE)–Bioventus, a leader in orthobiologic solutions, today announced the launch of itsEXOGEN Ultrasound Bone Healing System in the Kingdom of Saudi Arabia. EXOGEN uses safe, effective low-intensity pulsed ultrasound to help stimulate the body’s natural healing process.1 It also has an 86% heal rate for fractures not healing on their own2 and provides 38% faster healing of fresh fractures.3,4 In addition, 89% of patients with high-energy fractures reported healing when treated with EXOGEN.5

“This announcement marks another milestone as Bioventus continues expanding to international markets and growing its global footprint in orthobiologics,” said Tony Bihl, CEO Bioventus. “ZIMMO, which has more than 40 years of experience serving the healthcare sector in the region, is working with us to distribute EXOGEN.”

“Earlier this spring a team from Bioventus that included representatives from sales and marketing and medical science experts and consultant, visited Riyadh and Jeddah and, trained more than 30 surgeons and key opinion leaders on how to use EXOGEN with patients for both fresh fractures and non-unions,” said Andrew Hosmer, Managing Director International, for Europe, Middle East and Africa, Bioventus. “In addition, this move further grows our relationship with ZIMMO as the company also distributes DUROLANE®, our single injection hyaluronic acid osteoarthritis product.”

EXOGEN is available in the Kingdom of Saudi Arabia now and more information can be found at www.exogen.com.

About Bioventus

Bioventus is an orthobiologics company that delivers clinically proven, cost-effective products that help people heal quickly and safely. Its mission is to make a difference by helping patients resume and enjoy active lives. Bioventus has two product portfolios for orthobiologics, Bioventus Active Healing Therapies and Bioventus Surgical that make it a global leader in active orthopaedic healing. Built on a commitment to high quality standards, evidence-based medicine and strong ethical behavior, Bioventus is a trusted partner for physicians worldwide.

For more information, visit www.BioventusGlobal.com and follow the company on Twitter @Bioventusglobal.

Bioventus, the Bioventus logo and EXOGEN are registered trademarks of Bioventus LLC. DUROLANE is a registered trademark of Galderma.

EXOGEN – Indications for use in the Middle East.

EXOGEN Ultrasound Bone Healing System is indicated for the non-invasive treatment of osseous defects (excluding vertebra and skull) that includes:

• Treatment of delayed unions and non-unions

• Accelerating the time to heal of fresh fractures

• Treatment of stress fractures

• Accelerating repair following osteotomy

• Accelerating repair in bone transport procedures

• Accelerating repair in distraction osteogenesis procedures

• Treatment of joint fusion

A non-union is considered to be established when the fracture site shows no visibly progressive signs of healing.

There are no known contraindications to the use of EXOGEN.

1. Azuma Y, Ito M, Harada Y, Takagi H, Ohta T, Jingushi S. Low-intensity pulsed ultrasound accelerates rat femoral fracture healing by acting on the various cellular reactions in the fracture callus. J Bone Miner Res. 2001; 16(4):671-680.

2. Nolte PA, van der Krans A, Patka P, Janssen IM, Ryaby JP, Albers GH Low-intensity pulsed ultrasound in the treatment of non-unions.J Trauma. 2001; 51(4):693−703.

3. Heckman JD, Ryaby JP, McCabe J, Frey JJ, Kilcoyne RF Acceleration of tibial fracture-healing by non-invasive, low intensity pulsed ultrasound. J Bone Joint Surge [Am].

1994; 76(1):26−34.

4. Kristiansen TK, Ryaby JP, McCabe J, Frey JJ, Roe LR Accelerated healing of distal radial fractures with the use of specific, low-intensity ultrasound. A multicenter, prospective, randomized, double-blind, placebo controlled study. J Bone Joint Surg [Am]. 1997; 79(7):961−973.

5. Lerner A, Stein H, Soudry M. Compound high-energy limb fractures with delayed union: our experience with adjuvant ultrasound stimulation (EXOGEN). Ultrasonics. 2004; 42(1):915-917.

Contacts

Bioventus
Media Contacts:
Thomas Hill
+1 919-474-6715
thomas.hill@bioventusglobal.com
or
Berdine Vonk
+31 (0)23 554 88 14
berdine.vonk@bioventusglobal.com

Troubled hospital giant CHS looking to sell its business

By Dave Barkholz  | September 16, 2016

Troubled Community Health Systems is considering selling its entire business, according to various reports Friday.

Quoting anonymous sources “with knowledge of the matter,” Bloomberg said hospital giant CHS had enlisted advisers to consider options. Deliberations are in the early stages and there is no certainty of a deal, according to reports.

CHS’s battered stock price surged on the rumors, closing up 16% Friday to $12.27 per share.

CHS spokeswoman Tomi Galen said CHS does not comment on rumors.

Earlier this month, Modern Healthcare reported that CHS plans to sell more than the 12 hospitals it has for sale, quoting CFO Larry Cash speaking at the Wells Fargo Securities Healthcare Conference in Boston.

Cash said they are getting interest in additional hospitals. And after examining its portfolio of 159 hospitals, it likely will see “other transactions” before the end of the year, he said.

 

READ THE REST HERE

ApiFix® Ltd. Reaches 100-Patient Milestone with the Expansion of European Clinical Sites to Treat Children and Adolescents who have Scoliosis with its Minimally Invasive, Non-Fusion Device

CHARLESTON, S.C. and MISGAV, Israel, Sept. 19, 2016 /PRNewswire/ — ApiFix, Ltd. announced today that the company’s ApiFix® system has now been used to correct scoliosis in 100 patients with a first case at the PAUL GERHARDT DIAKONIE hospital in Berlin, Germany. The 100th case was Dr. Miguel Alquiza’s first time implanting the ApiFix system. It took about an hour with excellent results, leaving the surgical team enthusiastic about the device.

The ApiFix system is a minimally invasive, fusionless spinal implant system for the correction of Adolescent Idiopathic Scoliosis (AIS). Traditional surgical correction is a highly invasive procedure involving fusion which results in a rigid spine, compared to the ApiFix system which can be implanted with a minimally invasive procedure, does not require fusion, and retains flexibility of the spine.

ApiFix has opened new European clinical centers in Italy, Germanyand France in the first half of 2016. PAUL GERHARDT DIAKONIE hospital in Berlin is one of the newest German centers that has started twork with the ApiFix system.  The 100 patient clinical experience in Europe and Israel now includes twelve sites in nine countries, with the earliest patients being over four years out post operatively and excellent results overall. The Company expects to double the number of cases by the end of 2017.

ApiFix’s US based Chairman, Ted Bird commented, “I am very happy with the progress being made by the ApiFix team in managing the controlled clinical release in Europe and Israel since receiving a CE Mark in December, 2012. The company has also made great progress on preparing a submission to the FDA for a Humanitarian Device Exemption, (HDE) clearance in the US after receiving approval from the agency for this pathway last year.”

Apifix Principals will attend the annual meeting of the Scoliosis Research Society, (SRS) in Prague, Czech Republic onSeptember 21-23 to present the ApiFix system, clinical cases and their follow-up to potential users from all over the world.

Contact:  Saar Wollach, ApiFix Sales & Marketing Manager, +972-54-4511512, Email

SOURCE ApiFix

Related Links

http://www.apifix.com

 

HHS takes steps to provide more information about clinical trials to the public

Friday, September 16, 2016

 

In an effort to make information about clinical trials widely available to the public, the U.S. Department of Health and Human Services today issued a final rule(link is external) that specifies requirements for registering certain clinical trials and submitting summary results information to ClinicalTrials.gov. The new rule expands the legal requirements for submitting registration and results information for clinical trials involving U.S. Food and Drug Administration-regulated drug, biological and device products. At the same time, the National Institutes of Health has issued a complementary policy(link is external) for registering and submitting summary results information to ClinicalTrials.gov for all NIH-funded trials, including those not subject to the final rule.

“Access to more information about clinical trials is good for patients, the public and science,” said NIH Director Francis S. Collins, M.D., Ph.D. “The final rule and NIH policy we have issued today will help maximize the value of clinical trials, whether publicly or privately supported, and help us honor our commitments to trial participants, who do so much to help society advance knowledge and improve health.”

Clinical trials are vital to medical advances because they test new and existing health-related interventions, helping us understand whether they are safe and effective in humans when used as intended. Some clinical trials provide information about which medical treatments work best for certain illnesses or certain groups of people.

Expanding the registration information in ClinicalTrials.gov improves people’s ability to find clinical trials in which they may be able to participate and access investigational therapies. More information about the scientific results of trials, whether positive or negative, may help inform healthcare providers and patients regarding medical decisions. Additional information will help researchers avoid unnecessary duplication of studies, focus on areas in need of study and improve study designs, ultimately advancing the development of clinical interventions.

Requirements under the final rule apply to most interventional studies of drug, biological and device products that are regulated by the FDA. The requirements do not apply to phase 1 trials of drug and biological products, or small feasibility studies of device products. The final rule specifies how and when information collected in a clinical trial must be submitted to ClinicalTrials.gov. It does not dictate how clinical trials should be designed or conducted, or what data must be collected.

“When people participate in clinical trials, they are volunteering to create generalizable knowledge to help others in the future and we want their participation honored by ensuring that the existence of trials and their results are available to all patients and their healthcare providers, as well as researchers,” said FDA Commissioner Robert M. Califf, M.D. “The FDA will help ensure compliance with these new requirements so that patients and providers can have confidence in and access to significantly more clinical trial information, and researchers can improve clinical trial focus and design.”

The final rule was informed by nearly 900 comments received during the public comment period on the Notice of Proposed Rulemaking and the National Library of Medicine’s many years of experience with managing and operating ClinicalTrials.gov. Important elements of the final rule include:

  • Providing a checklist for evaluating which clinical trials are subject to the regulations and who is responsible for submitting required information;
  • Expanding the scope of trials for which summary results information must be submitted to include trials involving FDA-regulated products that have not yet been approved, licensed, or cleared by the FDA;
  • Requiring additional registration and summary results information data elements to be submitted to ClinicalTrials.gov, including the race and ethnicity of trial participants, if collected, and the full protocol;
  • Requiring additional types of adverse event information; and
  • Providing a list of potential legal consequences for non-compliance.

Learn more about these changes in the related links in the right-hand sidebar to this release.

The NIH policy applies to all NIH-funded trials, including phase 1 clinical trials of FDA-regulated products and small feasibility device trials as well as products that are not regulated by the FDA, such as behavioral interventions.

HHS values the public’s participation in clinical trials and the knowledge gained by their participation; considers it an obligation to support the maximal use of this knowledge for the greatest benefit to human health; and strongly supports sharing of clinical trial summary data to allow the broader scientific research community to use and build upon clinical trial findings.

The Office of the Director is responsible for setting policy for NIH, which includes 27 Institutes and Centers. The Office of the Director also includes program offices which are responsible for stimulating specific areas of research throughout NIH. Additional information is available at https://www.nih.gov/institutes-nih/nih-office-director.

About the National Library of Medicine (NLM): The world’s largest biomedical library, NLM maintains and makes available a vast print collection and produces electronic information resources on a wide range of topics that are searched billions of times each year by millions of people around the globe. It also supports and conducts research, development, and training in biomedical informatics and health information technology. Additional information is available at http://www.nlm.nih.gov.

About the National Institutes of Health (NIH): NIH, the nation’s medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit www.nih.gov.

NIH…Turning Discovery Into Health®

Amplitude Surgical: Acquisition of the Remaining Minority Interests (40%) in the Brazilian Subsidiary

September 16, 2016

VALENCE, France–(BUSINESS WIRE)

Amplitude Surgical (Paris:AMPLI) (ISIN: FR0012789667, Ticker: AMPLI, PEA-PME eligible), a leading French player on the global surgical technology market for lower-limb orthopedics, announces the acquisition of the remaining minority interests (40%) in its Brazilian subsidiary.

Olivier Jallabert, Chairman and CEO of Amplitude Surgical, says: “On such a major and high-potential market as Brazil, we now totally control our distribution subsidiary. In Brazil, where Amplitude Surgical has been established since 2014 (and present – via a distributor – since 2006), this transaction should enable us to continue the particularly buoyant growth we have been recording in that country, over 30% in local currency in FY 2015-16, and thus to carry on benefiting from the considerable potential of this market, which already accounts for almost 10% of the Group’s sales.

After acquiring a 50% stake in Unimplant, its historic distributor in Brazil, in February 2014 and an additional 10% stake in April 2015, Amplitude Surgical recently increased its stake in its subsidiary to 100% by exercising its call option on the remaining (40%) minority interests.

This latter operation, for approximately €4.1 million, significantly benefited from the Brazilian real’s weakness compared with the euro, as the stake’s value was booked as €4.4 million at the end of December 2015 and €6.6 million at June 30, 2015.

Next financial press release: 2015-16 annual results, on Thursday October 6, 2016, after market.

About Amplitude Surgical
Founded in 1997 in Valence, France, Amplitude Surgical is a leading French player on the global surgical technology market for lower-limb orthopedics. Amplitude Surgical develops and markets high-end products for orthopedic surgery covering the main disorders affecting the hip, knee and extremities, and notably foot and ankle surgery. Amplitude Surgical develops, in close collaboration with surgeons, numerous high value-added innovations in order to best meet the needs of patients, surgeons and healthcare facilities. A leading player in France, Amplitude Surgical is developing abroad through its subsidiaries and a network of exclusive distributors and agents. Amplitude Surgical operates on the lower-limb market through the intermediary of its Novastep subsidiaries in France and the United States. Amplitude Surgical distributes its products in more than 30 countries. As of June 30, 2016, Amplitude Surgical had a workforce of almost 290 staff and recorded sales of over 80 million euros.

Contacts

Amplitude Surgical
Philippe Garcia, +33 (0)4 75 41 87 41
CFO
philippe.garcia@amplitude-ortho.com
or
NewCap
Investor Relations
Marc Willaume, +33 (0)1 44 71 00 13
amplitude@newcap.eu
or
NewCap
Media Relations
Nicolas Merigeau, +33 (0)1 44 71 98 55
amplitude@newcap.eu