Navigation Links
Amedica® Corporation Acquires US Spine, Further Securing Its Leadership Position in the Spinal Device Marketplace
Date:9/21/2010

SALT LAKE CITY, Utah, Sept. 21 /PRNewswire/ -- Amedica Corporation (AC), a spinal and orthopaedic implant and instrument company focused on unique silicon nitride (SiN) ceramic technologies, announced today that it has acquired US Spine, a privately held, well-known medical device company focused on the development and commercialization of advanced spinal implant systems.  Development efforts at Boca Raton-based US Spine have produced several unique technologies that are in the market, including certain facet technologies that address open, MIS, allograft, and deformity correction procedures, complementing existing spinal implant and device product lines from Amedica.

This pure play acquisition, the first in the spinal device industry in 2010, continues the significant expansion plans of Amedica to become an important platform technology concern in both the spinal and orthopaedic reconstruction markets.  Terms of the private transaction were not disclosed.

Amedica, based in Salt Lake City, is a spinal implant company that manufactures and markets silicon nitride technologies that are now being utilized in spinal implant applications; however, the unique SiN materials have market changing characteristics for hip, knee and extremity implant applications, as well.  The material is fracture resistant; its bearing/articulating surfaces do not produce wear debris that is linked to osteolysis-related re-operations.  Additionally, the implants are BioActive™ with a hydrophilic and conductive micro-structure surface to enhance bone in-growth and solid attachment.

The US Spine acquisition properly positions Amedica as a well balanced company in the spinal device market, completing its full-line of spinal implants and instruments and expanding its spinal device offerings to cover all spinal surgery indications including several minimally invasive techniques, PEEK and silicon nitride interbody spacers, biologics and deformity correction procedures.

Ben Shappley, Chief Executive Officer, President and Director of Amedica says, "This acquisition will clearly enable Amedica to establish itself as a complete and full-line spinal implant concern with leading edge technologies including, and further integrating, the very unique silicon nitride advantage.  As a result of this transaction, Amedica has doubled its distribution network and sales and marketing management and enhanced its international presence."

Earlier this year, Amedica signed a Joint Venture Development Agreement with Orthopaedic Synergy (OSI), a global reconstructive hip and knee implant and instrument concern that designs, manufactures and distributes its products. OSI is known for leading edge innovation, cost-effective, outcome-focused implant systems and deep orthopaedic executive management experience.  

The joint venture between Amedica and OSI allows the development, regulatory approval and distribution of SiN articulating hip and knee implants in the U.S. and abroad.  This agreement further secures both companies' competitive positions in the largest global segment of orthopaedic care.

Amedica also recently received four new patents – one for ceramic-on-ceramic bearings, one for a hip implant using monoblock silicon nitride technology, one for silicon nitride knee components and one for its motion-preserving total disc replacement technology.  The company has quite an extensive spinal, hip and knee intellectual property portfolio.  This year Amedica also partnered with SUNY Upstate Medical University to measure, and further prove clinically, the fusion performance in Silicon Nitride implant devices.

"We are on a well-planned and well-financed growth trajectory that will continue to expand our company and the global reach of its spinal and orthopaedic implant technologies through acquisitions, strategic alliances, and research and product development projects well into the future," Shappley said.

About Amedica:

Amedica Corporation is ISO 13485 certified and its products are FDA cleared, CE and ANVISA approved.  Amedica Corporation is an emerging orthopaedic implant company focused on using its Silicon Nitride ceramic technologies to develop and commercialize a broad range of innovative, unique outcome focused spine and total joint implants for the growing orthopaedic device market.  It has brought to market various spinal implant products, while products under development include reconstructive hip and knee implants that represent a new standard of care in total joint implants based on superior performance, safety and efficacy.

About US Spine:

US Spine is a spinal implant and device manufacturing company committed to advancing the science of spine through the integration and collaboration of surgeons, scientists and engineers in creating the best solutions for patients with spinal disorders. The company's mission is to develop, manufacture and market high quality, innovative and cost-effective spinal products that address the needs of our surgeons and their patients, with development efforts focused on motion and tissue preservation through a minimally invasive approach to treat spinal disorders.

www.amedicacorp.com


'/>"/>
SOURCE Amedica Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Amedica® Receives Patent for Hip Implant Using Monoblock Ceramic Technology
2. Amedica® Receives Patent for Knee Prosthesis With Monoblock Silicon Nitride Ceramic Tibial Component
3. Amedica® Closes $30 Million Financing
4. Amedica® Receives Patents for Innovative Motion-Preserving Total Disc Implant Featuring Silicon Nitride
5. Genaera Corporation Presents Interim Phase 1 Data for Obesity Compound Trodusquemine (MSI-1436) at IBC Conference
6. CEL-SCI Corporation Releases Letter to Shareholders
7. Alfacell Corporation to Present at UBS Global Life Sciences Conference
8. Baxa Corporation Extends Global Reach With New Distribution Agreements in Colombia and the Dominican Republic
9. Genaera Corporation Presents Preclinical Trodusquemine (MSI-1436) Data at the North American Association for the Study of Obesity Annual Meeting
10. Genaera Corporation Presents Phase 1 Data for Trodusquemine (MSI-1436) at the North American Association for the Study of Obesity Annual Meeting
11. The Quigley Corporation Reports Third Quarter Results, Increases Investment in Pharmaceutical R&D for Diabetic Neuropathy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... June 23, 2016 Roche (SIX: RO, ROG; ... for its Elecsys BRAHMS PCT (procalcitonin) assay as a ... septic shock. With this clearance, Roche is the first ... integrated solution for sepsis risk assessment and management. ... infection and PCT levels in blood can aid clinicians ...
(Date:6/23/2016)... MOUNTAIN VIEW, Calif. , June 23, 2016 ... 9:00 a.m. CST on Thursday, July 7, 2016 , , ... kayla.belcher@frost.com ) , , , , EXPERT PANELISTS:  ... Sciences, Nitin Naik; Senior Industry Analyst, Christi Bird; Senior Industry Analyst, ... The global pharmaceutical industry is witnessing ...
(Date:6/23/2016)... , June 23, 2016 The vast ... an outpatient dialysis facility.  Treatments are usually 3 times ... hours per visit, including travel time, equipment preparation and ... patient, but especially grueling for patients who are elderly ... a skilled nursing and rehabilitation centers for some duration ...
Breaking Medicine Technology:
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... PawPaws ... a new product that was developed to enhance the health of felines. The formula ... , The two main herbs in the PawPaws Cat Kidney Support Supplement ...
(Date:6/25/2016)... ... 2016 , ... Experts from the American Institutes for Research ... June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR experts ... planning, healthcare costs and patient and family engagement. , AIR researchers will be ...
(Date:6/25/2016)... ... 25, 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX users can ... CEO of Pixel Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn ... X . Simply select a ProHand generator and drag it above media or text ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. Calvin ... injury. Recently, he has implemented orthobiologic procedures as a method for treating his ... of the first doctors to perform the treatment. Orthobiologics are substances that orthopaedic ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published June ... with. The article goes on to state that individuals are now more comfortable seeking ... common operations such as calf and cheek reduction. The Los Angeles area medical group, ...
Breaking Medicine News(10 mins):