Spine developer Medicrea posted 2019 sales of $36.4 million, representing an 11 percent increase year-over-year.
Five insights:
1. Fourth quarter revenue for 2019 was $9.4 million, the company's best quarterly performance on a comparable basis.
2. Medicrea is currently pursuing one or more strategic partnerships.
3. More than 1,850 surgeries were performed with Medicrea implants in 2019, representing a 48 percent increase compared to 2018 and a 55 percent increase for the U.S. market alone.
4. Over 100 spine surgeons in the U.S. adapted the company's UNiD Adaptive Spine Intelligence technology, with 50 surgeons implementing the system in 2019.
5. Medicrea reached 5,040 cumulative surgeries performed for 2019, surpassing its goal of 5,000.
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