Huntley, Ill.-based Life Spine reported significant financial growth in the second quarter of 2016.
Here are four highlights:
1. For the second quarter, the company's revenue increased 50 percent compared to the same period in 2015.
2. Life Spine revenues increased 44 percent during the first half of this year, compared to the same period last year.
3. Last month, the company successfully completed the initial cases with its LONGBOW Expandable Lateral Spacer System, which allows surgeons to expand laterally in-situ for a direct lateral approach.
4. Life Spine is a privately held, medical device company that creates, manufactures and markets products to treat spine disorders.
"We reported strong second quarter results, including record revenue, which increased 50 percent over the same quarter last year,” said Omar Faruqi, chief financial officer, Life Spine. "Because we are offering full procedural solutions and have 20 ground-breaking products launching this year, we anticipate this strong uptrend to continue in 2016 and in the long-term."
More articles on devices:
Spineart's new lumbar interbody systems receive CE Mark: 3 takeaways
Medtronic's Prestige LP Cervical Disc receives 2-level FDA approval: 6 things to know
Not your father's spine surgery: Dr. John Peloza on MIS technique growth & its impact