Navigation Links
Facet Solutions Acquires Archus Orthopedics
Date:11/6/2009

HOPKINTON, Mass., Nov. 6 /PRNewswire/ -- Facet Solutions, Inc. announced today that it has acquired all of the assets of Archus Orthopedics. The acquisition creates an undisputed leadership position in product offerings, intellectual property and clinical experience in posterior motion preservation. "This is a win for patients suffering from lumbar spinal stenosis," stated Facet Solutions' President & CEO, Geoff Pardo. "This consolidation further strengthens Facet Solutions' position in lumbar spine motion preservation surgery, which is the fastest growing sector of the surgical spine marketplace."

With the Archus acquisition, Facet Solutions now holds 36 patents and nearly 200 patent applications. "The combined portfolio represents an unprecedented level of coverage for an orthopedic product category," stated Marc Peterman, Vice President of Research & Development for Facet Solutions. "The acquisition clarifies Facet Solutions' intellectual property position and provides a tremendous platform for innovation. Our posterior motion solutions hold the potential to supplant the bulk of the degenerative fusion market."

Facet Solutions is currently enrolling the ACADIA(TM) lumbar stenosis study. "We are making rapid progress in our US Pivotal trial," continued Geoff Pardo. "The speed with which we are enrolling patients is indicative of both the market need and the simplicity of the ACADIA(TM) procedure." Twenty sites in the United States are now active in the trial, with over 100 patients enrolled in 2009. The combined company has treated over 300 patients worldwide, with excellent clinical outcomes extending past 4 years.

About Lumbar Stenosis

Over 1.5 million people are diagnosed with lumbar spinal stenosis each year in the United States. There are 400,000 surgeries annually in the United States targeting lumbar spinal stenosis. Facet Solutions has developed the ACADIA(TM) system, offering the potential of quicker recovery, restoration of range of motion, and better overall pain relief for the patient suffering from both leg and back pain.

About Facet Solutions

Facet Solutions, Inc. is a privately held, venture-backed company focused on development and commercialization of surgical devices for the treatment of degenerative spinal disorders. Facet Solutions has received venture capital from its partners De Novo Ventures, Spray Venture Partners, and FirstMark Capital. Facet Solutions is certified to ISO 13485. ACADIA(TM) is an investigational device in the United States (U.S.), limited by Federal Law for investigational use only.

SOURCE Facet Solutions, Inc.


'/>"/>
SOURCE Facet Solutions, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. DATATRAK eClinical(TM) Supports Multifaceted Studies
2. Facet Solutions, Inc. Expands U.S. Pivotal Study With Next Generation Implant System
3. Texas Back Institute Leads Way in New Facet Joint Clinical Trial
4. Facet Solutions Announces Completion of 6 Month Follow-Up in US Pilot Study
5. First Human Implant of New Archus Orthopedics Facet Replacement System
6. Facet Solutions AFRS(TM) Demonstrates Biomechanical Advantages Over Dynamic Stabilization in Independent Testing
7. Facet Solutions Enjoys Continued Clinical Success With the Anatomic Facet Replacement System (AFRS(TM))
8. Statement by Don Spence, CEO, Philips Home Healthcare Solutions, Endorsing CDC Educational Initiatives to Raise Awareness of Sleep Deprivation
9. Medical Imaging Solutions Firm Dicom Solutions Ranks No. 109 on the Inc. 500
10. Escalon(R) Subsidiary Escalon Digital Solutions Announces Release of Web-Based AXIS(TM) Image Management System
11. PharmaNet Development Group To Showcase Innovative Solutions and Poster Presentations at AAPS 2009
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/27/2017)... Israel and NEW YORK , Sept. 27, ... with mobile health and big data solutions, today announced that its MyDario ... Please check your local TV listings for when The Dr. Oz Show ... ... season this month. ...
(Date:9/25/2017)... 25, 2017  EpiVax, Inc., a leader in ... immune-engineering today announced the launch of EpiVax Oncology ... personalized therapeutic cancer vaccines. EpiVax has provided $500,000 ... to enabling technologies to the new precision immunotherapy ... EpiVax Oncology as Chief Executive Officer. Gad brings ...
(Date:9/22/2017)... Sept. 22, 2017  As the latest Obamacare repeal ... Bill Cassidy (R-LA) and Lindsey Graham ... the medical device industry is in an odd place. ... the 2.3% excise tax on medical device sales passed ... want covered patients, increased visits and hospital customers with ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... 2017 , ... Global Healthcare Management’s 4th Annual Kids Fun Run brought out ... free event, sponsored by Global Healthcare Management’s CEO, Jon Letko, is aimed at getting ... children of all ages; it is a non-competitive, non-timed event, which is all about ...
(Date:10/13/2017)... , ... October 13, 2017 , ... “The Journey: From ... every danger possible to save lost souls in the Philippines. “The Journey: From the ... is a dedicated teacher of the Bible. She has taught all ages and currently ...
(Date:10/12/2017)... Orleans, LA (PRWEB) , ... October 12, 2017 , ... ... centers in the U.S., announced today its plans to open a flagship location in ... will occupy the former Rooms To Go store next to Office Depot in the ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... AccentCare, a leader in post-acute health care, have expanded their existing home health ... Home Health. , AccentCare has been operating a joint venture home health company ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts at Children’s National ... 49th Congress of the International Society of Paediatric Oncology (SIOP) Oct. 12-15. ... for Cancer and Blood Disorders at Children’s National, and Stephen P. Hunger, M.D., ...
Breaking Medicine News(10 mins):