Navigation Links
Managing Partner of KICVentures and Former J.P. Morgan Analyst Predicts Continued Valuation Growth in the Spine Device Market
Date:11/13/2018

Aditya Humad, Managing Partner of KICVentures, released an analysis of the spine technology market last week that asserts it is still trending upward with growing valuations based on a largely under-served and expanding global patient population.

Humad’s analysis describes market consolidation, pricing pressure and increased competition as reasons often cited by institutional investors to forgo opportunities in spine. But with spine a $10 billion market and growing, Humad believes that it is not only a hot market for long-term players, but an often-overlooked market for potential investors. Humad cites the Viscogliosi brothers as an example of strategic investors and pioneers that focused on the orthopedic and spine sector to build a private equity firm and several successful transactions over the past 15 years.

Humad states that spine companies with niche solutions or strong growth have attained attractive valuations. “The LDR (Cervical Disc Replacement) was acquired by Zimmer Biomet for $1.1 Billion, K2M (Scoliosis and Complex Spine) was acquired by Stryker for $1.4 Billion, and Nuvasive (MIS and Lateral Approach) is valued $3.2 Billion. Globus Medical is now valued $5.3 Billion which is ~200% growth in valuation over 5 years and trades at 7x revenue,” says Humad.

This bodes well for KICVentures’ own spine portfolio that includes a disruptive innovation with its company AxioMed. KICVentures is a long-term value investor and Humad believes that it is strategically positioned to lead the market in five years because of the growing consensus about the superiority of disc replacement over fusion, and because of a strong interest globally for a viscoelastic disc solution, both of which AxioMed offers.

“AxioMed will disrupt the current spine fusion paradigm and immediately replace the rudimentary ball-and-socket disc designs on the market to provide the most natural disc replacement to the human spine,” says Humad.

About KICVentures

KICVentures is a private investment company founded in 2005 by Harvard-trained Orthopedic Surgeon and Professor Dr. Kingsley R. Chin, who brings unique experience at the intersection of medicine, business and information technology. KICVentures is equipped with a strong advantage in identifying niche healthcare opportunities, and is headquartered in Boston, Mass.

About AxioMed, LLC

AxioMed, LLC was founded to advance the standard of care for patients with degenerative spine conditions by progressing spine technology beyond fusion and first-generation artificial discs. Led by an experienced surgeon team and utilizing patented viscoelastic polymer technology, AxioMed has developed the most advanced next generation of artificial disc replacement solutions for the cervical and lumbar spine.

Read the full story at https://www.prweb.com/releases/managing_partner_of_kicventures_and_former_j_p_morgan_analyst_predicts_continued_valuation_growth_in_the_spine_device_market/prweb15905954.htm.


'/>"/>
Source: PRWeb
Copyright©2018 Vocus, Inc.
All rights reserved


Related biology technology :

1. Azzur Announces New CEO & Managing Director, Anthony López
2. NetDimensions Appoints Peter Gordon as Managing Director
3. USDM Life Sciences Names Holger Braemer, Vice President of EU and UK Division and Managing Director of USDM Europe GmbH in Germany
4. Longitude Capital Promotes Josh Richardson, M.D., To Managing Director
5. Brügmann Software and Olcott Partner to Offer a Powerful Interface for Managing Patent Annuities and Trademark Renewals Worldwide
6. Curoverse Announces Arvados Open Source Platform for Managing and Processing Genomic and Other Big Data Now Available on Microsoft Azure
7. Kathleen McCutcheon, Vice President, Managing Director, Joins Taylor Strategy Partners
8. Susan Winslow named Managing Director of Macmillan Higher Education
9. Bruce Wiley Joins the Executive Team at FamilyFarms Group as Managing Director of Competitive Advantages
10. Prova Education Announces Expansion of Its Nationwide Medical Education Series “From Guideline to Practice: Managing Challenging Cases in Primary Care”
11. Managing Cultural Variability in PRO Measurement in Global Clinical Research, New Life Science Webinar Hosted by Xtalks
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/30/2019)... , ... January 29, 2019 , ... ... someone is frustrated over something like a tricky math problem on an online ... led by Worcester Polytechnic Institute (WPI) computer science assistant professor Erin Solovey ...
(Date:1/28/2019)... ... 28, 2019 , ... Fragment-based lead discovery (FBLD) involves biophysical ... stage, false positives can be problematic due to high levels of solvents and ... are highly sensitive to detect weak interactions. Nanomed , leading producer of ...
(Date:1/24/2019)... FRANCISCO (PRWEB) , ... January 23, 2019 , ... ... leader in microbial genomics, has awarded microbiome research support in study design, planning, ... (UWI), Faculty of Medical Sciences, St. Augustine Campus in Trinidad led by Dr. ...
(Date:1/20/2019)... ... January 17, 2019 , ... The American Society of Gene & Cell Therapy ... , a new initiative for 2019. Designed by ASGCT committee volunteers in coordination with ... families, and the public on the status and promise of gene and cell therapies. ...
Breaking Biology Technology:
(Date:1/8/2019)... (PRWEB) , ... January 07, 2019 , ... Join industry ... Ridge for a live webinar on Thursday, January 17, 2019 at 1pm ... ongoing management of risk during the clinical trial process. Featured speakers will also present ...
(Date:1/7/2019)... (PRWEB) , ... January 07, 2019 , ... ... (RWD) and Artificial Intelligence solutions for precision health in oncology and other key ... J.P Morgan’s exclusive meeting of investors, entrepreneurs and executives spanning the entire healthcare ...
(Date:1/4/2019)... FORT WORTH, Texas (PRWEB) , ... January 02, ... ... 2019 catalog. This release is particularly noteworthy, as the life science tools and ... company’s history, it is offering a catalog. The catalog features not just part ...
Breaking Biology News(10 mins):