Xconomy Boston reported today that Innovative Spinal Technologies of Mansfield, MA, has closed its doors following an unsuccessful bid to be acquired by Biomet Spine. The company previously secured roughly $75 million in venture capital funding since its inception in 2002.
IST had been working on the AXIENT™ Dynamic Fixation system and the PARAMOUNT™ Lumbar Fusion System, [...]
The spinal surgery industry has been around for several decades, but during the last few years new products and technologies have been introduced at a more rapid rate than has been seen for many years. See exhibit below (from MedMarket Diligence report #M510) illustrating the recent burst in new company formation focused on spine surgery. [...]
Surgeons performing instrumented spinal fusion procedures implant various configurations of plates, rods, screws, cages, and other medical hardware to stabilize the spine and facilitate proper vertebral bone fusion. These fixation systems can be implanted via anterior (from the front) or posterior (from the back) approaches, depending on the clinical indication. Most fusion systems are made [...]
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