Month: January 2018

Intellirod Spine’s New High-tech Measurement of Spine Healing

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These days, wireless technology is increasingly becoming part of the nuts and bolts of innovative design.

From automobiles to oil wells, devices and machines are transmitting data wirelessly—information that measures performance, provides failure alerts, and helps the human users have a better experience.

Now, Intellirod Spine adds to the list with implantable, wireless, monitoring systems designed to measure the progress of spine healing after lumbar surgery.

From inside the body, these sensors send physicians the data they need to achieve potentially better patient outcomes, both during surgery and post-operatively.

Better Data Contributes to Better Outcomes

Each year in the U.S., more than 450,000 lumbar spinal fusions are performed to treat fractures and instability, to correct deformities, or to eliminate pain. In these procedures, the surgeon positions bone grafts around the spine; the goal is for the body to grow new bone to connect (or fuse) the grafts to existing vertebrae.

During surgery, a system of metal rods and screws, typically made of titanium or cobalt chrome, is implanted to stabilize the spine and help it heal.

“Strain on the implanted rods lessens as new bone grows after surgery,” said Ric Navarro, president and CEO of Intellirod Spine. “When the spine doesn’t fuse, there is more strain on the rods.”

Currently, surgeons use radiography and CT scans during recovery and rehab to determine whether the spine is successfully fusing and growing new bone after surgery. Intellirod Spine’s wireless sensors provide mechanical data on the strain on the rods. This information compliments medical assessments from x-ray or CT scans.

“We are undergoing clinical studies to collect data for FDA at the Cleveland Clinic, the OhioHealth Grant Medical Center, and the Norton Leatherman Spine Center in Louisville and seeking a fourth site, said Navarro, who has more than 25 years of medical device and implant experience in artificial heart, operating room equipment, and spinal implants. He has also been inventor on 22 patents and has commercialized numerous spine and operating room products.

 

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Medicrea Reports Full Year 2017 Sales

January 15, 2018

LYON, France & New York–(BUSINESS WIRE)–The MEDICREA Group (Euronext Growth: FR0004178572 – ALMED), pioneering the convergence of healthcare IT and next-generation, outcome-centered device design and manufacturing with UNiD ASI technology, today announced full year 2017 sales.

(€ millions) 2016 2017 % Change
Patient-specific sales activity with UNiD ASI 7.5 8.7 +16%
Traditional sales activity with historic products 21.9 18.4 -16%
Full year sales 29.4 27.1 -8%

Changes in exchange rates had a negative impact of 1% on year-to-year comparison

The Group reported varied commercial performance depending on the geographic area:

  • In France, under stable market conditions, Medicrea achieved a turnover of 6 million euros in 2017, up 15% compared to 2016 driven by the adoption of its UNiD ASI technology by a growing number of surgeons.
  • Following the need to regain registration for all products in the range with the Brazilian health authorities and obtain validation of the new manufacturing facility, no sales were made in this market during 2017 (turnover of 2 million euros in 2016). Since the authorizations were re-issued in December, the activity should return to a normative level from 2018. Excluding Brazil, the distribution business grew by 6%, generating a turnover of 3.6 million euros.
  • In the United States, the Group’s primary market, the commercial efforts in 2017 focused exclusively on the development of the UNiD ASI patient-specific implant technology and resulted in a 36% increase in the number of surgeries performed (472) compared to 2016, generating a revenue of $8.3 million ($7.2 million in 2016). Overall, sales in the U.S. were down 8% due to a downswing in the traditional sales activity with historic products, which no longer represents a strategic objective.

“We have invested heavily in 2017 in the development and adoption of our UNiD ASI technology, particularly in the United States, where the sales and marketing teams have been mobilized to deploy tools and services that will provide surgeons with advanced treatment solutions, fully planned and customized for each patient, focused on improving clinical outcomes. This development has a distinct impact on the development of our sales in our priority market, but given our success in France, where we have tested, prepared and refined our strategy, I am convinced that the pace of our technology’s adoption will increase significantly in the United States in the coming quarters. The recent FDA clearances for our new PASS TULIP® fixation system and our 3D-printed titanium interbody devices will allow us to take a position on markets where we were not yet present and thus expand our business,” stated Denys Sournac, President and CEO of Medicrea.

Equity financing

On December 22, 2017, MEDICREA raised €7.2 million in ABSA (ordinary shares with warrants attached) from US institutional investors. The exercise of all warrants would generate additional proceeds of €3.7 million.

Next publication: 2017 Annual results: March 27, 2018, after market.

About Medicrea (www.Medicrea.com)

Through the lens of predictive medicine, Medicrea leads the design, integrated manufacture, and distribution of 30+ FDA approved spinal implant technologies that have been utilized in over 150,000 spinal surgeries to date. By leveraging its proprietary software analysis tools with big data and machine learning technologies and supported by an expansive collection of clinical and scientific data, Medicrea is well-placed to streamline the efficiency of spinal care, reduce procedural complications and limit time spent in the operating room.

Operating in a $10 billion marketplace, Medicrea is a Small and Medium sized Enterprise (SME) with 175 employees worldwide, which includes 50 who are based in the U.S. The Company has an ultra-modern manufacturing facility in Lyon, France housing the development and production of 3D-printed titanium patient-specific implants.

For further information, please visit: www.medicrea.com

Connect with Medicrea:
FACEBOOK | INSTAGRAM | TWITTER | WEBSITE | YOUTUBE

Medicrea is listed on
EURONEXT Growth Paris
ISIN: FR 0004178572
Ticker: ALMED
LEI: 969500BR1CPTYMTJBA37

Contacts

Medicrea
Denys Sournac
Founder, Chairman and CEO
dsournac@Medicrea.com
or
Fabrice Kilfiger, +33 (0)4 72 01 87 87
Chief Financial Officer
fkilfiger@Medicrea.com

Ceterix Orthopaedics Awarded New Patent for Circumferential Suturing Method in Meniscus Repair

January 15, 2018

FREMONT, Calif.–(BUSINESS WIRE)–Ceterix® Orthopaedics today announced the issuance of a new patent related to the company’s method of placing a suture around a tear to affect a meniscus repair1, adding to the company’s already robust portfolio of issued patents.

Ceterix’s new patent further protects the company’s unique products and methods that allow surgeons to arthroscopically pass suture through soft tissue in very tight joint compartments. Specifically, the new patent covers the company’s proprietary method of arthroscopically placing a circumferential compression stitch around a tear in the knee meniscus.

The knee meniscus sits tightly between the femur and tibia, and is surrounded by critical nerves, arteries and cartilage. Using the NovoStitch®Plus Meniscal Repair System, surgeons can work within that tight compartment to place a stabilizing circumferential compression stitch around a meniscus tear.

“The circumferential compression stitch is the only meniscus repair technique that treats the femoral and tibial sides of the tear simultaneously,” said Dr. Justin Saliman, founder and chief medical officer of Ceterix. “Other methods do an inadequate job of sewing the tibial side, which can lead to healing of the femoral side only and may lead to eventual re-tearing.”

“This new patent further establishes our leadership in meniscal repair,” said John McCutcheon, president and CEO of Ceterix. “We are proud that our NovoStitch Plus Meniscal Repair System is supported by more than 180 issued claims related to its minimally invasive technology enabling orthopaedic surgeons to treat complex tears with suture patterns that were not previously possible.”

Arthroscopic surgery is a minimally-invasive procedure in which an orthopaedic surgeon treats the damaged joint through small incisions using specialized tools guided by a tiny camera called an arthroscope. Meniscus surgery is the most common arthroscopic procedure in the United States, with roughly one million performed annually.

About Ceterix Orthopaedics

Founded in 2010 with the vision of improving outcomes of arthroscopic procedures, Ceterix® Orthopaedics develops surgical tools that expand and improve what is possible for physicians who treat soft tissue joint injuries such as meniscus tears. Ceterix’s novel meniscal repair system enables surgeons to place suture patterns that were previously only possible in open procedures, or not at all. The NovoStitch Plus meniscal repair system has received 510k clearance in the United States and is indicated for approximation of soft tissue in meniscal repair procedures. The company is based in Fremont, Calif. and is backed by investors Versant Ventures, 5AM Ventures and CRG. For more information, please visit www.ceterix.com.

1. U.S. Patent No.: 9,861,354

Contacts

For Ceterix Orthopaedics
Jessica Volchok, 310-849-7985
jessica@healthandcommerce.com

Boston Scientific Announces Positive Results from WHISPER Spinal Cord Stimulation Study

MARLBOROUGH, Mass.Jan. 12, 2018 /PRNewswire/ — Boston Scientific Corporation (NYSE: BSX) today announced positive results from the WHISPER randomized controlled trial (RCT). The data, presented at the 2018 Annual Meeting of the North American Neuromodulation Society in Las Vegas, demonstrated that patients who are given the choice to use both sub-perception and paresthesia-based spinal cord stimulation (SCS) therapy achieve superior outcomes in comparison to patients who have only one SCS therapeutic option.

SCS works by sending low electrical pulses, which vary in frequency, pulse width and amplitude, to the spinal cord to interrupt pain signals and provide pain relief. Paresthesia-based therapy provides pain relief with a light tingling sensation while sub-perception therapy works without that sensation. The WHISPER RCT is a multi-center, prospective, cross-over, randomized, and controlled study that evaluated the long-term safety and effectiveness of sub-perception SCS therapy. Participants had been implanted with an SCS system for an average of four years at the beginning of the study and were treated with both paresthesia and sub-perception therapy.

“The WHISPER RCT evaluated both patients who had successfully controlled their pain using SCS and those who could benefit from additional options and optimization of their therapy,” said James North, M.D., Carolinas Pain Institute, and coordinating principal investigator of the WHISPER RCT. “This study provides data on people who have suffered with chronic pain for years and who pose some of the biggest challenges in the long-term use of SCS. The results demonstrated that giving patients the choice to use sub-perception or paresthesia-based therapy provides superior patient outcomes and affirms that SCS is a clinically valuable treatment option.”

Based on data from cohorts of 70 and 55 subjects who chose sub-perception therapy for long-term follow-up, the WHISPER RCT demonstrated that:

  • If patients are able to choose between the SCS therapy that provides the most effective pain relief, the number of subjects whose pain was effectively controlled by SCS increased by 62 percent;
  • 57 percent of patients in a study cohort preferred having the option of both sub-perception and paresthesia-based therapy;
  • Subjects whose pain was managed by paresthesia-based therapy during the randomized phase had an average reduction in baseline pain scores from 7.2 to 2.5, if they were able to choose between the SCS therapy that provided the most effective relief; and
  • At 12 months, pain scores for subjects who preferred sub-perception therapy decreased on average from 7.1 to 3.8 and 89 percent rated their condition better or a great deal better; these subjects had an SCS implant for an average of five years.

The study expands on research from the PROCO RCT (Evaluation of Stimulation Pulse Rate on Clinical Outcomes in Patients Whose Pain is Controlled by 10 kHz Frequency) which established in de novo patients that similar pain relief and improvement in quality of life measures are experienced independent of the type of frequency (from 1 kHz up to 10 kHz) used in sub-perception SCS therapy when the proper target and dose are identified.

“This rigorous, carefully conducted trial underscores the importance of providing patients with multiple therapeutic options for the relief of chronic pain in one SCS system that can help address their complex needs,” said Maulik Nanavaty, president and senior vice president, Neuromodulation, Boston Scientific. “We are dedicated to improving the lives of patients with industry-leading neuromodulation technology designed for long-lasting relief.”

The WHISPER RCT results follow the recent launch of the Boston Scientific Spectra WaveWriterTM SCS System, which offers patients the ability to simultaneously use sub-perception and paresthesia-based therapies.

INVESTOR UPDATE
The company will also host an investor event and webcast on January 12 from 1:00-2:00 PM PST to provide a presentation and answer questions from investors about the Boston Scientific Neuromodulation portfolio. The event will be accessible via live webcast at www.bostonscientific.com/investors. A replay of the webcast will be accessible at http://www.bostonscientific.com/investors beginning approximately one hour following the completion of the event.

About Boston Scientific
Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 35 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words like “anticipate,” “expect,” “project,” “believe,” “plan,” “estimate,” “intend” and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding our product launches and product performance and impact. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.

Factors that may cause such differences include, among other things: future economic, competitive, reimbursement and regulatory conditions; new product introductions; demographic trends; the closing and integration of acquisitions; intellectual property; litigation; financial market conditions; and future business decisions made by us and our competitors. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A – Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A – Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. This cautionary statement is applicable to all forward-looking statements contained in this document.

CONTACTS
Media:
Catherine Brady
Media Relations
508-683-4797
Catherine.Brady@bsci.com

Investors:
Susie Lisa, CFA
508-683-5565 (office)
Investor Relations
Boston Scientific Corporation
investor_relations@bsci.com

SOURCE Boston Scientific Corporation

Related Links

http://www.bostonscientific.com

FDA Clears Bone Scaffold ReBOSSIS® for New Indication

Last month, the Food and Drug Administration cleared ReBOSSIS®, the only biosynthetic bone scaffold with electrospun microfiber construction, for use in posterolateral spine procedures.

“Having ReBOSSIS® used in these types of procedures reaffirms its place in today’s biologic market,” says Doris Blake, president and COO of ORTHOReBIRTH USA, a wholly owned subsidiary of ORTHOReBIRTH Co. Ltd., which produces ReBOSSIS®. “Surgeons have been impressed with the superior handling characteristics and the clinical results produced utilizing ReBOSSIS® as one of a number of treatment modalities that support successful outcomes for their patients.”

In addition, tests performed at the Cleveland Clinic Lerner Research Institute and at the Orthopaedic Stem Cell Research Laboratory at Cedars-Sinai further validated the fact that ReBOSSIS® supports cell activation, retention, and proliferation. ReBOSSIS® also stands out from the competition with its demonstrated 54 percent compression recovery rate and optimal fit and fill—qualities that have led ReBOSSIS® to recently surpassing the 1,500-procedure milestone.

“We have been pleased with the outcomes seen with ReBOSSIS®,” says Blake, “and we are excited to witness its continued success in this new application.”

About ORTHOReBIRTH USA 

We recognize the challenges associated with orthopedic surgery—for patients, surgeons and hospitals alike. We are committed to bringing to market cutting-edge orthopedic biologics that improve patients’ quality of life and offer superior outcomes. We have carried out extensive studies on what makes biologic materials successful and have used that knowledge to engineer world-class products for use in a host of orthopedic surgical procedures. ORTHOReBIRTH USA is proud to bring premium orthopedic biologics, such as ReBOSSIS®, to surgeons practicing around the world.

OrthAlign Announces Steven Haas MD, MPH, To Join Executive Surgeon Council Advisory Board

Aliso Viejo, CA, Jan. 10, 2018 (GLOBE NEWSWIRE) — OrthAlign, Inc., a leading provider of orthopedic surgical navigation solutions, announced today that Dr. Steven Haas, Chief of the Knee Service at Hospital for Special Surgery in New York, NY, has joined the company’s Executive Surgeon Council (“ESC”) advisory board.

The ESC works closely with OrthAlign’s management team and product development group, bringing innovative products to market built upon proprietary, sensor-based surgical navigation technologies. The company’s flagship product, KneeAlign®, uses instrument-mounted sensor navigation to provide real-time guidance during primary total knee replacement procedures. OrthAlign launched UniAlign™ in early 2017, bringing the accuracy and consistency of KneeAlign to partial knee replacement surgery, opening opportunities for customers to bring impactful computer navigation into surgery centers.

“We are so pleased to have Dr. Haas join our very talented and engaged board of surgeon advisors, and to bring with him his wealth of experience and history of innovation in this space,” commented Eric B. Timko, Chairman and CEO of OrthAlign. “As we continue to expand our platform of indications, we look forward to evolving KneeAlign and building a suite of applications that make OrthAlign’s technologies the go-to solution for their ease of use, economics, and clinical results.”

“I am excited to join OrthAlign’s outstanding clinical and management teams as they continue to expand and more broadly apply their proven sensor technology,” said Dr. Steven Haas. “OrthAlign has innovative products, and I look forward to working with them as they expand their platform.”

Dr. Haas speaks nationally and internationally on hip and knee topics, and has contributed more than 90 publications into orthopedic literature. He is well known for development of ground-breaking surgical technique and instrumentation for performing minimally invasive knee replacement; along with development of high performance knee replacement systems. Dr. Haas received his education and training at Harvard, Cornell and the University of Rochester.  

ORTHALIGN, INC.

OrthAlign is a privately held medical device and technology company, developing advanced technologies that deliver healthier and more pain-free lifestyles to joint replacement patients, globally. We provide healthcare professionals with cutting edge, computer-assisted surgical tools that seamlessly and cost-effectively deliver vital data and clinical results to optimize outcomes for our patients. For more information regarding OrthAlign, please visit www.orthalign.com or contact Adam Simone (asimone@orthalign.com).

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/070ff4f7-3771-4d0f-a87d-d457737c24c1

Adam Simone
OrthAlign
asimone@orthalign.com

FzioMed Announces 500,000 Units of Oxiplex® Shipped Worldwide

January 10, 2018

SAN LUIS OBISPO, Calif.–(BUSINESS WIRE)–FzioMed, Inc. a leading biomaterials company, is pleased to announce that Oxiplex sales have now passed the 500,000 unit mark.

Oxiplex is approved outside the United States in more than 70 countries and distributed under various brand names; including, Oxiplex, Oxiplex/SP, MediShield, and Interpose.

Oxiplex is an absorbable gel applied to neural tissues following spine surgery. Oxiplex creates a temporary physical barrier between adjacent tissues and has been shown in multiple peer reviewed studies to reduce leg pain, back pain, and neurologic symptoms.

“This milestone provides further evidence of the safety and effectiveness of Oxiplex in an ever increasing number of patients around the world,” said John Krelle, FzioMed’s President and Chief Executive Officer. “The fact that sales have continued to grow over many years in a real-world setting is a remarkable achievement and provides the impetus for our supportive FDA approved US IDE study. A large number of clinical sites around the country have expressed interest in the study, which will commence enrollment early this year.”

About FzioMed, Inc.

FzioMed, Inc. is a privately held medical device company that develops, manufactures and markets absorbable surgical biomaterials based on its patented scientific technology. For more information, please contact John Krelle at jkrelle@fziomed.com. You can also visit www.fziomed.com or contact investorrelations@fziomed.com.

FzioMed®, Oxiplex®, Oxiplex/SP® and Interpose® are registered trademarks of FzioMed, Inc.

Contacts

FzioMed, Inc.
John Krelle
jkrelle@fziomed.com

Bodycad Receives Medical Device License for Bodycad OnCall Personalized Cutting Guides

QUEBEC CITY, QUEBEC, CANADA, January 9, 2018 /EINPresswire.com/ — Bodycad announced today that it has received a Health Canada medical device license and clearance to sell the Bodycad OnCall™ personalized cutting guides. Bodycad is the first Canadian manufacturer to receive a license from Health Canada for a personalized orthopaedic bone resection device.

Bodycad’s OnCall Cutting Guide System is designed to optimize personalized restoration of difficult bone resection procedures such as deformity correction and oncology tumor resection. The system is based on proprietary 3D rendering of medical images of the patient’s anatomy. The device is delivered as a “procedure in box” that completely revolutionizes the way orthopaedic applications are delivered and utilized in the operating room environment.

“The personalized bone resection is created only after proper acquisition of data from the patient on an individualized level,” says Etienne Belize, MD, orthopaedic surgeon and assistant professor at Laval University. “The benefit of a personalized device is the possibility of a better fit to the individual, less trauma to the soft tissue, and potentially a faster recovery overall.”

Bodycad uses proprietary imaging algorithms to rapidly produce a precise 3D image of the patient’s anatomy. Its suite of Personalized Restoration Software enables a seamless integration of the image to personalized solution called the PREP (personalized restoration evaluation process). The efficient and rapid process is designed to increase patient satisfaction while improving economic quality metrics.

“Our proprietary software is based on 20 years of research in anthropometric data and has been specifically developed and optimized for personalization of orthopaedic surgical instruments, implants, and procedures.,” says Jean Robichaud, founder and CEO of Bodycad. “I am delighted to have Health Canada licensure and clearance to bring this important technological advancement to market. Our goal is to transform the way surgeons, patients and insurers think about the potential of mass customization to optimize patient care and bring True Personalization to the orthopaedic market place.”

About Bodycad

Bodycad is a Quebec City-based developer and manufacturer of personalized orthopaedics. Its personalized restorations offer patients a high level of conformity to their unique anatomy, with the potential for greater comfort, fit and durability that make the pursuit of orthopaedic perfection possible. Learn more at www.bodycad.com.

Andrew McLeod
Bodycad
4185271388
email us here

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Stimwave Inks $50 Million to Fuel Nationwide Consumer Launch of World’s Only Opioid-Free Pain Management Microchip Stimulator

January 10, 2018

POMPANO BEACH, Fla.–(BUSINESS WIRE)–Stimwave LLC, a medical device manufacturer and independent research institute headquartered in Pompano Beach, Fla., has agreed to over $50 million in additional financing from undisclosed investors to fuel the consumer launch of the world’s first wireless, micro-technology, drug-free neuromodulation device for relief of chronic pain.

Stimwave offers the world’s only wireless micro-sized device cleared by the FDA to treat chronic neuropathic pain throughout the body, from back and leg pain addressed by spinal cord stimulation to peripheral nervous system (PNS) treatment for shoulder pain, wrist and elbow pain, knee pain, hip pain and more, allowing more patients to be treated than ever before with a viable, affordable alternative to help fight opioid usage across the country.

Representing a life-changing technological breakthrough for the more than 400 million people worldwide who endure daily chronic pain, the Stimwave Freedom Stimulators are also the smallest neuromodulation devices available, at a volume size of 0.25 cc compared to the next smallest form factors at 25 cc and greater – 100 times the footprint of Stimwave.

As part of the launch, Stimwave will host a consumer event featuring Cory Everson, six-time Ms. Olympia and world-renowned health and wellness advocate, at the First Annual Medical Conference for Recovery, Regeneration, and the Athlete at the Arnold Classic Sports Festival, taking place March 1, 2018 in Columbus, Ohio.

“The key to Stimwave pain management is the ability to allow the pain sufferer to control their pain wherever and whenever they want,” said Laura Tyler Perryman, Stimwave chairman and co-inventor. “Now patients are in control of how to manage their pain opioid free with wearable and wireless iOS devices, including smart phones and watches. Stimwave is mobile and truly personal, fitting seamlessly into consumer’s lifestyles — whether commuting, playing with kids, or simply relaxing at home. With Stimwave they can take control of their pain.”

The technology, developed by scientists and engineers led by Perryman, uses a tiny injectable microchip device that delivers small pulses of energy to electrodes near surrounding nerves, triggering a reaction that enables the brain to remap specific pain signals, thus providing pain relief.

The Stimwave electroceutical device contains no internal batteries or other toxic materials and can be placed at any peripheral nerve throughout the body or in the spinal column nerve bundles. The Stimwave device is fixed in place by an anchor, so it doesn’t move except with the body’s movement. It naturally stays “in line” with the body’s nerves, allowing a freedom of motion that is impossible with bulkier implanted devices. The Stimwave device is a permanent, long-term implant. The system features the ability to allow the patient to have a whole body 3T or 1.5T MRI without removing the implant, which is unique in the industry.

Please visit www.stimwave.com for more information.

About Stimwave

Stimwave LLC is a privately held medical device company engaged in the development, manufacture, and commercialization of wirelessly powered, injectable, microtechnology neurostimulators, providing patients with a convenient, safe, minimally invasive, and highly cost-effective pain management solution that is easily incorporated into their daily lives. Stimwave’s goal is to evolve its patented, cutting-edge platform into the default for neuromodulation, increasing the accessibility for patients worldwide while lowering the economic impact of pain management.

Contacts

Glodow Nead Communications
Evan Nicholson, Rosemary O’Brien, Kati Stadum, and Sarah Rogers
415-394-6500
StimwavePR@glodownead.com.

4WEB Medical Announces Record Sales Growth in 2017

DALLASJan. 10, 2018 /PRNewswire/ — 4WEB Medical, the industry leader in 3D printed implant technology, announced today that the company posted 57% year-over-year growth for the 2017 fiscal year.  In addition, 4WEB’s fourth quarter results eclipsed the largest quarter in the company’s history for revenue, units sold, surgeon users, and case volume.  This achievement marks an impressive performance trend of seven quarters of consecutive growth.

“4WEB continues to drive growth with portfolio enhancements and new surgeon adoption of its truss implant technology.  In 2017 we achieved an 84% increase in surgeon users with over 300 surgeons having used our implants nationwide,” said Geoffrey Bigos, 4WEB Medical’s Vice President of Spine Sales.  “This accomplishment was attributed to an expansion of our sales management team, the growth of our existing product offering, and significant investments in new product development.”

4WEB expects sustained growth in 2018 through continued adoption of its most recent product launches – a line of Hyperlordotic ALIF Implants and the Lateral Spine Truss System.  The company plans to further accelerate its commercial expansion strategy with two additional product launches this year, building upon the most comprehensive 3D printed implant portfolio on the market today. These high-impact product launches will include cervical and anterior lumbar implants with integrated fixation.

4WEB’s proprietary truss implant technology is an open architecture scaffold that uses the mechanics of the design to stimulate an osteogenic response in adjacent cellular material. The additive manufacturing process used to produce the proprietary implant line creates a hierarchical surface roughness that improves initial fixation, provides a stable environment for bone growth, and contributes to the osteogenic nature of the implant design.

Jim Bruty, 4WEB Medical’s Senior Vice President of Sales & Marketing added, “It is imperative to innovate products that solve clinical problems for surgeons and patients.  The advantages that the company’s truss implants provide, compared to the antiquated annular implant designs offered by our competitors, has been a driving factor in increased surgeon adoption and 4WEB’s 2017 growth.”

4WEB Medical is an implant device company founded in 2008 in Dallas, Texas. Thirty years of research in topological dimension theory led to the discovery of a novel geometry, the 4WEB, that can be used as a building block to create high-strength, lightweight web structures. The company leveraged this breakthrough along with cutting-edge 3D printing technology to develop 4WEB Medical’s proprietary truss implant platform. The 4WEB Medical product portfolio for spine includes the Cervical Spine Truss System, the Anterior Spine Truss System, the Posterior Spine Truss System, and the Lateral Spine Truss System. 4WEB is actively developing truss implant designs for knee, hip, trauma and patient specific orthopedic procedures.

For more information about 4WEB Medical, 4WEB’s Truss Implant Technology, and the Spine Truss Systems, please visit www.4WEBMedical.com.

SOURCE 4WEB Medical

Related Links

http://www.4webmedical.com