10 Recent Orthopedic and Spine Device Company Partnerships and AcquisitionsWritten by Laura Miller | October 25, 2010
Here are ten recent orthopedic and spine device company partnerships, agreements and acquisitions.
1. Medtronic Exclusively Distributes Tissuemed's Obex Neurofilm. Under the agreement, Medtronic will be the exclusive distributor for Obex NeuroFilm barrier and sell the product through direct operations and partners in Europe and other key markets. Obex NeuroFilm is a ready-to-use self-adhesive barrier for cerebrospinal fluid leak prevention.
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2. Smith & Nephew, Nanotope Partner in Cartilage Restoration Project. Under the agreement, Smith & Nephew will fund and conduct preclinical tests required to support clinical trials, purchase preclinical material from Nanotope and assume all clinical trial costs. Nanotope stands to receive up to $26.55 million in milestone payments and sales royalties.
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3. DePuy Spine, Osseon Therapeutics Form a Distribution Agreement. Under the agreement, DePuy has distribution rights to sell Osseoflex alongside the CONFIDENCE SPINAL CEMENT SYSTEM through their sales network.
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4. Zimmer, Accentus Medical Sign Technology Agreement. Zimmer will acquire exclusive global rights to use Agluna for joint reconstruction and trauma products under the agreement. The company also has an 18-month option to acquire exclusive rights for Accentus spine devices, dental implants and sports medicine products.
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5. Stryker Acquires Gaymar Industries for $150M. In 2009, Gaymar achieved sales of approximately $77 million, including $14 million relating to an OEM relationship with Stryker. Stryker chairman, president and CEO Stephen P. MacMillan expects the addition to expand the company portfolio to attract approximately $1.8 billion in the worldwide market.
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6. Welsh Carson Acquires Spinal Device Company K2M. Under the agreement, K2M plans on growing its business to meet the demand for the company's product portfolio while expanding the company's worldwide sales force and accelerating research development of next generation technologies.
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7. Stanmore Implants Worldwide Acquires Robotics Device Company. Acrobot designs systems for surgeons to preoperatively plan procedures and robotic devices for surgical assistance. Brian Steer, executive chairman of Stanmore, said the company acquired Acrobot because computer-assisted navigation is gaining ground in orthopedic surgery.
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8. Medtronic Acquires Osteotech for $123M, Expands Portfolio. The acquisition will complement Medtronic Biologics' bone and healing portfolio as well as expand the company's presence in new orthopedic fields, such as foot, ankle and sports medicine. Osteotech products include Grafton demineralizing bone matrix, MagniFuse Bone Grafts and Plexur Biocomposites.
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9. Amedica Acquires US Spine. US Spine is a privately held medical device company focused on the development and commercialization of advanced spinal implant systems and its work complements existing spinal implant and device product lines from Amedica, according to the report.
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10. Alphatec Spine Signs Agreement With Merlot OrthopediX for Spine Surgery Technology. Under the agreement, Alphatec Spine will be responsible for the development, regulatory and worldwide commercialization of Merlot technology. The company will initially target European sales networks in order to develop clinical experience and then expand the products globally.
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