- Spinal Generations agrees to sell patents to Life Spine
HOFFMAN ESTATES, Ill., Oct. 8 /PRNewswire/ -- Rapidly growing spinal implant firm Life Spine, Inc. announced today that it has acquired the majority of the intellectual property of Spinal Generations, LLC. Terms of the transaction were not disclosed.
According to Michael S. Butler, Life Spine's president and CEO, intellectual property expansion is critical. "The core of the spine market place is intellectual property. To this end, we have been aggressively pursuing the expansion of our intellectual property portfolio both organically and through acquisition. The Spinal Generations patents and products fit well with our product offering and bolster the novel portfolio of products we're currently manufacturing and selling," said Butler.
Life Spine is dedicated to improving the quality of life for spinal patients by increasing procedural efficiency and efficacy through innovative design, uncompromising quality standards, and the most technologically advanced manufacturing platforms. Life Spine, which is privately held, is based in Hoffman Estates, Illinois. For more information, please visit http://www.lifespine.com.
|SOURCE Life Spine, Inc.|
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