Ectromelia

On Feb. 28, the two companies entered into a definitive agreement whereby Xtant acquired the Coflex and Cofix product lines from Surgalign. They subsequently closed on the deal for a total consideration of $17 million. Surgalign designed Coflex as an interlaminar stabilization device used after an open decompression in various settings. It offers a non-fusion treatment option for lumbar spinal stenosis (LSS) patients. Coflex, the only implant with FDA premarket approval for treating LSS, is a supplemental fixation device. More than 200,000 patients over 60 countries received Coflex implants, which also estalblished ambulatory surgical center reimbursement. Cofix, a minimally invasive system, offers usability across all levels of the lumbar spine, Surgalign said in a news release. Xtant President and CEO Sean Browne said the company expects the acquisition to accelerate its top-line growth. The company plans to couple the Surgalign systems with its less invasive Axle interspinous device and Silex SI Fusion product lines. Surgalign products augment Xtant offering, executives say “Coflex augments our offering in the fast-growing segments of ASC and outpatient procedures,” Browne said. “Aligning with our key growth pillars, this acquisition expands our footprint by adding new distributors and a significant number of trained surgeons to the company’s network.” Browne added that Xtant believes the products can add approximately $14 million in annual revenue. He expects them to enable the company to achieve profitability “in the near future.” Surgalign President and CEO Terry Rich added that the company “found the right partner” in Extant. The company plans to use the non-dilutive capital from the deal to advance its AI-based products. “Moving forward, we are focused on commercializing our HOLO Portal surgical guidance system, our soon-to-be-launched HOLO AI Insights for research use, and further developing our HOLO AI platform, while driving innovation in our remaining product lines to improve patient outcomes,” Rich said.

The acquisition expands Xtant’s product portfolio with the FDA PMA-approved intralaminar stabilisation device Coflex along with a supplemental minimally invasive fixation device Cofix Xtant acquires Coflex and Cofix product lines from US-based Surgalign. (Credit: kalhh from Pixabay) Medical technology company Xtant Medical has acquired the Coflex and Cofix product lines from US-based Surgalign for $17m. Coflex is an interlaminar stabilisation device that is used after an open decompression. It can be performed in multiple settings as a non-fusion treatment option for lumbar spinal stenosis (LSS) patients. The Coflex device is claimed as the only implant cleared by the US Food and Drug Administration (FDA) under premarket approval (PMA) for the treatment of LSS. Xtant said that the device has been implanted in over 200,000 patients in more than 60 countries. It is also clinically validated with over 90 peer-reviewed publications and has established Ambulatory Surgery Center (ASC) reimbursement. Cofix is said to be a supplemental minimally invasive fixation device for use on all levels of the lumbar spine. The acquisition expands Xtant’s product portfolio of orthobiologics and spinal implant systems. Xtant president and CEO Sean Browne said: “We are thrilled to acquire the Coflex and Cofix product lines, which will help accelerate our top-line growth and position Xtant to achieve critical mass. “Coupled with our less invasive Axle interspinous device and Silex SI Fusion product lines, Coflex augments our offering in the fast-growing segments of ASC and outpatient procedures. “Aligning with our key growth pillars, this acquisition expands our footprint by adding new distributors and a significant number of trained surgeons to the Company’s network. “We expect these products to add approximately $14 million in annual revenue and attractive margins to enable Xtant to achieve profitability in the near future.” Xtant is engaged in designing, developing, and marketing orthobiologics and spinal implant systems for spinal fusion in complex spine, deformity, and degenerative procedures. For Surgalign, the deal is said to bolster its balance sheet as it focuses on its digital health strategy. Surgalign president and CEO Terry Rich said: “This transaction provides us with non-dilutive capital which will be used to advance our leading platform of artificial intelligence products across the entire continuum of care. “Moving forward, we are focused on commercialising our HOLO Portal Surgical Guidance System, our soon to be launched HOLO AI Insights for research-use, and further developing our HOLO AI platform, while driving innovation in our remaining product lines to improve patient outcomes.”

For persons over 65 years undergoing spine surgery, LSS is the most common preoperative diagnosis. Therefore, rising number of elderly people is expected to drive of Lumbar Spinal Stenosis (LSS) segment in the market The introduction of innovative products throughout the world is predicted to expand the interspinous spacers market during the forecast period WILMINGTON, Del., Aug. 12, 2022 /PRNewswire/ -- The interspinous spacers market size was valued at US$ 70.94 Mn in 2021. The global market is expected to rise at a CAGR of 6.09% during the forecast period, from 2022 to 2031. The global interspinous spacers market is predicted to attain value of over US$ 127.33 Mn by 2031. The global interspinous spacers market is being driven by a rise in the elderly population, increasing demand for minimally invasive technologies, as well as advent innovative products. Age raises the likelihood of lumbar spinal disorders and degenerative disc disease. In patients over 65 years, lumbar spinal stenosis (LSS) is considered the most frequent cause of spine surgery. The interspinous spacer, also known as the vertical spacer, is used to relieve LSS-related discomfort. Leading players in the interspinous spacers market have made major R&D investments to create and introduce interspinous spacers. Over the past several years, numerous product launches and commercialization have taken place all over the world. The global market, however, is expected to be constrained by the high percentage of reoperation risk following the insertion of interspinous spacers. In addition, the Population Reference Bureau (PRB) reported that the low birth rate in regions like Asia Pacific and Europe is causing the elderly population to grow more quickly than in other industrialized or developing regions. The growth of the interspinous spacers market is expected to be driven by frequent introduction of new products and commercialization of those products across the world. Get Exclusive PDF Sample Copy of Interspinous Spacers Market Report – Key Findings of Market Report In 2021, the interspinous spacers market was dominated by the static segment. New product launches, low static spacer costs, and supportive reimbursement policies are predicted to expand the category during the forecast timeframe. The most popular option among surgeons is static interspinous spacers due to their many benefits, including being inexpensive. These spacers are one of the important ongoing trends of the interspinous spacers market. The lumbar spinal stenosis category is anticipated to lead the global market in terms of indication during the course of the forecast period. Rise in the elderly populace, high usage of minimally invasive surgery techniques, and a high prevalence of LSS in those over 60 years are expected bolster growth of the global market. North America is anticipated to be a particularly promising region of the global market during the forecast period. In 2021, the region held the highest share of the global market. The regional market is being driven by the high incidence of spinal stenosis and degenerative disc conditions, as well as the existence of technically savvy countries. The North America market is expected to be dominated by the US, and it is projected that this dominance will continue during the forecast period. Due to the high prevalence of degenerative disc diseases amongst patients as well as the beneficial reimbursement policies for interspinous spacer devices, the US has witnessed such growth. Ask for References – Global Interspinous Spacers Market: Key Players Some of the key market players are Globus Medical, Inc. Zimmer Biomet Life Spine, Inc. Medtronic plc. Vertiflex, Inc. NuVasive, Inc. Make an Enquiry Before Buying – Global Interspinous Spacers Market: Segmentation Product Type Static Dynamic Indication Lumbar Spinal Stenosis Degenerative Disc Disease Others End User Hospitals Orthopedic Clinics Ambulatory Surgical Centers Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research: Elderly and Disabled Assistive Devices Market: The global elderly and disabled assistive devices market is expected to reach the value of US$ 31.6 Bn by the end of 2028. Home Healthcare Market: The global home healthcare market is expected to reach the value of US$ 499.6 Bn by the end of 2028. 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